In 2024, eCommerce business owners who use WooCommerce to serve consumers must stay ahead of the trends to adapt to ever-changing customer behaviors and emerging technology.
WooCommerce, a free plugin that works seamlessly with WordPress websites, is a favorite platform among eCommerce business owners. Keeping up with WooCommerce trends can help you improve the customer experience, operate more efficiently, and stay competitive.
In this article, we will explore 10 WooCommerce trends for 2024 and learn how they are shaping the future of eCommerce.
Personalization
Artificial Intelligence (AI)
Augmented Reality (AR)
Subscription Commerce
More Payment Methods
Privacy and Security
Multichannel Customer Service
Mobile-First Shopping Experience
Voice Searches
Sustainability
Wrapping Up
Personalization
Whether it’s personalized marketing emails, offers and discounts, adverts, or content, consumers need to feel special. In 2024, businesses using WooCommerce can capitalize on its open-source nature and flexibility to create personalized user experiences (UX).
However, to personalize a shopping experience, you must leverage customer relationship management (CRM) tools – such as HubSpot and Jetpack CRM – to gather data like:
A customer’s name.
Location.
First language.
Shopping habits, such as buying and browsing history.
Website behavior, such as what time they shop.
Traffic source, such as mobile or desktop.
Luckily, WooCommerce offers a variety of features that can help you provide customers with a more personalized shopping experience, including:
MultilingualPress. If your online store has gone international, translating your pages to the customer’s first language is vital for increasing conversions.
Extra Product Options. This plugin enables you to add custom product fields – from 19 field types – and sections to your product page.
Darwin Pricing Integration. This plugin enables you to add geo-targeted coupon codes and tracking codes.
Personalizing your messaging will help you reach each audience segment’s needs and preferences more effectively.
Artificial Intelligence (AI)
Advances in AI have made it more user-friendly and affordable for eCommerce retailers of all sizes to improve operations and business outcomes.
Brands have used AI in the past to automate mundane tasks, but in 2024, the technology can:
Answer questions in natural language to get answers that will help you personalize customer experiences and make upsell and cross-sell offers that work.
Analyze customer data to create marketing content and social media posts that increase engagement.
Automate processes such as customer service by giving customers answers to simple questions within seconds.
Generate product descriptions and images, enabling them to showcase the product in various settings without requiring a large-scale photo shoot.
In 2023, Statista ran a survey to narrow down the main areas of an online shopping experience that AI will likely improve. The five areas included:
Price comparison (50% of respondents).
Finding deals (46% of respondents).
Relevant offerings/products (41% of respondents).
Personalized assistance (35%).
Reviews (29%).
Image Source: Statistica
Given that so many brands already use AI to enhance their operations, you should make it one of your top priorities for 2024.
Augmented Reality (AR)
A significant disadvantage of eCommerce stores has been the inability to try on a new t-shirt or see how a shade of lipstick suits you. However, AR is now closing that gap by allowing consumers to project digital objects into real-world environments.
For example, a makeup retailer can allow consumers to use their smartphone camera to virtually ‘try on’ lipstick, lip gloss, and other makeup shades so they know what’s best for them. Meanwhile, a furniture retailer can leverage AR to show consumers how a new sofa will fit in their living room.
61% of consumers prefer online stores that offer AR experiences, and 71% say they’d shop more frequently if AR were available.
In addition, WooCommerce now offers a 360º Image feature, which provides consumers with a clear view of the product, helping them make informative purchasing decisions. High-quality and detailed product images are crucial to establishing trust and credibility with potential customers.
Subscription Commerce
The subscription commerce market is predicted to grow by $2.323 trillion from 2022 to 2028. So, this is a 2024 trend we can’t ignore.
So, what is the subscription commerce model? A customer subscribes to pay a recurring fee in return for weekly, monthly, or quarterly deliveries from your business.
The main benefit of subscription commerce is the high customer retention rates. Customers only commit to a subscription if they are satisfied with a product and want more.
In addition, subscriptions provide businesses with a reliable revenue stream because they don’t have to rely on customers to remember to place orders.
Netflix and Amazon have used subscription commerce for years, but now, the model works for several retailers, including those that sell consumables, beauty products, fashion and accessories, and pet supplies.
More Payment Methods
eCommerce consumers constantly demand new and diverse payment options that suit their needs and preferences.
In 2024, WooCommerce will keep supporting a variety of secure, convenient, and localized payment methods to improve the purchasing experience.
If you currently only accept credit or debit card payments, consider how you could benefit from other payment methods, such as:
Automated Clearing House (ACH) payments. This method lets customers pay you directly from their bank account over the ACH network.
Buy now, pay later. This method allows customers to divide their payments into multiple installments or choose a ‘pay later’ option without qualifying for traditional financing.
Mobile wallets. In the US, 53% of consumers use digital wallets – such as Apple Pay and Samsung Pay – more than traditional payment methods.
Venmo. This method allows customers to pay you through the Venmo app or a quick response (QR) code unique to your business.
PayPal. This method is a fast and secure way to pay online without the hassle of converting currency first.
Nearly half of consumers who shop digitally say the ability to use their preferred payment method is very or extremely important. So, the more options you can offer your customers, the more they will buy from your eCommerce store.
Privacy and Security
In 2024, data protection and privacy are non-negotiable, so WooCommerce websites should prioritize GDPR compliance and consider using a zero-party data collection strategy which doesn’t involve third-party cookies.
The zero-party data collection strategy gained traction in 2023 after Apple and Google discontinued their support for third-party cookies. Here are some simple ways you can collect zero-party data:
Quizzes.
Conversational popups.
Post-purchase surveys.
Visitor polls.
Product onboarding.
Giveaways.
Account signups.
Contests.
In addition, fraud costs the retail industry about $100 billion annually, a number that’s growing as fewer people are face-to-face with a sales associate when they make purchases.
Luckily, retailers are fighting back with technology and processes that make it harder to commit fraud. For example, AI can spot unusual behavior that may signal fraud, such as an order from a country that doesn’t match the customer’s ZIP code, several orders from the same IP address, or multiple high-value purchases in an hour or two.
Alongside this, a number of e-commerce retailers are opting for a web hosting provider that prioritizes security in 2024.
If your brand is committed to privacy and security, you will build consumer trust and credibility, which results in more purchases.
Multichannel Customer Service
Your brand should be able to deliver seamless customer service through various channels, including phone, email, live chat, chatbots, social media, and more.
The number of consumers who contacted brands through social media increased by 27% in 2023. However, chatbots are also becoming a more popular customer service channel.
Powered by AI and machine learning (ML), Chatbots are available 24/7 to answer simple customer queries and streamline interactions. By leveraging chatbots, e-commerce stores will enhance responsiveness, increase revenue, and create positive customer experiences.
Luckily, WooCommerce is ahead of this trend with several chatbot plugins that offer automated customer support, including:
WooWBot is an independent chatbot that operates without the need for any third-party service integrations.
Facebook Messenger for WooCommerce is leading the way regarding chatbots, as it’s easy to install and familiar to most consumers.
Tidio has live chat, chatbots, and email integration features all in one plugin.
While plugins can enhance your website’s features, overloading your WordPress site with too many plugins can slow down WooCommerce’s performance. So, ensure you manage these plugins with regular audits to determine which are essential and which can be removed.
Mobile-First Shopping Experience
Statista reports that 60% of all eCommerce sales worldwide originate on mobile devices, highlighting the need for all eCommerce sites to be mobile-optimized in 2024.
Website owners must design for a smartphone first, then scale the design for larger tablets, laptops, and computers. Here are some of the ways you can improve the mobile-first shopping experience:
Allow consumers to use digital wallets, like PayPal or Apple Pay, or mobile payments to make purchases.
Opt for a design that is easy to scroll through on smaller screens.
Enable social media sign-in so consumers don’t have to make a new account at the point of sale.
Allow consumers to pay or sign in using facial recognition and fingerprint technologies.
Luckily, almost all WooCommerce-friendly themes available for WordPress are responsive and flexible, meaning they work great for mobile devices.
A mobile-first approach could lead to less cart abandonment, more revenue, and increased loyalty. In addition, Google has transitioned to mobile-first indexing, so a mobile-first design can help you improve search engine optimization (SEO).
Voice Searches
With the ever-increasing popularity of voice assistants like Alexa and Google Assistant, voice commerce is expected to revolutionize online shopping.
Consumers can search for products, add items to their shopping carts, and complete purchases by speaking to the voice assistant embedded in their smartphone. In fact, PwC research reveals that 68% of consumers use voice assistants to add items to a shopping list, and 50% use them to buy something.
Keep in mind, though, that the way people speak isn’t always the same as how they type. So, eCommerce stores must optimize their product listings with descriptive and natural language keywords to support voice searches.
By embracing voice commerce, WooCommerce store owners appeal better to the growing number of consumers who prefer hands-free interactions.
Sustainability
As consumer awareness of sustainability continues to grow, especially among younger generations, brands using WooCommerce will want to focus on ethical operations.
Here are some ways you can do that:
Focus on your packaging processes and materials because 60-7
0% of consumers would pay more for a product with sustainable packaging.
Find more efficient manufacturing and fulfillment methods, including those related to energy and water usage, waste products, supply chains, and more.
Find more responsible ways to handle returns, such as reselling, donating, or repurposing.
Be transparent about your supply chains and provide consumers with detailed information about where and how your products are made.
Products marketed as ‘sustainable’ are growing almost three times faster than those not. So, in 2024, eCommerce retailers will see tremendous success if they adopt sustainable practices, work with suppliers who do, and communicate that to their customers.
Ensure you add a section about sustainability on your About page or create a whole new page on your website. You can also include a few sentences on your checkout page, such as “all our shipping materials are recyclable”, as an incentive not to abandon the cart.
Wrapping Up
If you thought 2023 was the year of changes in eCommerce, these 2024 trends will keep you on your toes. The trends shaping WooCommerce underscore the importance of mobile optimization, AR integration, personalization, and chatbot support.
Operating a successful eCommerce business means continually adapting to new changes and trends. So, keeping these ten eCommerce trends in mind as you plan your 2024 business strategy can help make your customers happier and grow your eCommerce business.
Discover the top 10 WooCommerce trends in 2024 that are shaping the future of eCommerce. Stay ahead with insights into the latest development.
Amazon’s Foray into Entertainment: From Prime Video to MGM Acquisition
Amazon’s journey from a humble online bookstore to one of the world’s most powerful companies is a well-known story. However, its foray into the entertainment industry, which began with the launch of Amazon Prime Video and culminated in the acquisition of MGM, is a compelling narrative that illustrates the company’s ambition to become a dominant force in every aspect of modern life. This article delves into Amazon’s entertainment strategy, exploring how it has evolved, the significance of key milestones like the MGM acquisition, and the broader implications for the entertainment industry.
The Genesis of Amazon Prime Video
Amazon’s entry into the entertainment sector was a calculated move, born from a desire to enhance its ecosystem and drive customer loyalty. The launch of Amazon Prime Video in 2006 was initially part of the Amazon Prime subscription service, which offered members faster shipping for an annual fee. The addition of streaming video content was a strategic decision aimed at increasing the value proposition of Prime membership, thereby encouraging more customers to sign up and stay within the Amazon ecosystem.
At its inception, Prime Video was a relatively modest offering, featuring a limited library of licensed films and TV shows. However, Amazon quickly recognized the potential of the streaming industry, especially as competitors like Netflix and Hulu were gaining traction. The company began to invest heavily in acquiring more content and, crucially, in producing its own original programming.
The Rise of Amazon Studios
The establishment of Amazon Studios in 2010 marked a significant turning point in the company’s entertainment strategy. Initially, Amazon Studios took an unconventional approach to content development by inviting aspiring filmmakers and writers to submit scripts and project ideas. This crowdsourcing model was innovative but ultimately unsustainable, leading Amazon to pivot toward a more traditional production model.
In 2013, Amazon Studios made its first major splash with the release of Alpha House and Betas, two original series that were well-received but did not achieve widespread popularity. The real breakthrough came in 2014 with Transparent, a drama series that received critical acclaim and won multiple awards, including a Golden Globe. Transparent established Amazon as a serious player in original content production, paving the way for future successes like The Marvelous Mrs. Maisel, Fleabag, and The Boys.
Amazon’s investment in original content has been substantial, with billions of dollars poured into production each year. The company’s willingness to spend big on high-quality programming reflects its commitment to becoming a leader in the entertainment space. However, content production is only one piece of Amazon’s broader entertainment strategy.
The Acquisition of MGM: A Game-Changing Move
Amazon’s $8.45 billion acquisition of MGM in 2021 was a bold and significant step in its entertainment journey. MGM, one of Hollywood’s most iconic studios, boasts a vast library of content, including the James Bond franchise, Rocky, The Handmaid’s Tale, and thousands of other films and TV shows. The acquisition was not just about adding content to Prime Video’s library but also about gaining valuable intellectual property (IP) that could be leveraged across Amazon’s various platforms.
For Amazon, the MGM acquisition provided a treasure trove of content that could be used to attract new subscribers, retain existing ones, and compete more effectively with other streaming giants like Netflix, Disney+, and HBO Max. The move also underscored Amazon’s broader strategy of integrating its entertainment offerings with its other services, creating a seamless ecosystem that keeps customers engaged and loyal.
The acquisition was met with a mixed response from industry analysts. Some viewed it as a savvy move that would strengthen Amazon’s position in the highly competitive streaming market. Others, however, questioned whether the price tag was justified, especially given the challenges of integrating a traditional studio like MGM into Amazon’s tech-driven corporate culture.
The Broader Implications for the Entertainment Industry
Amazon’s aggressive push into entertainment has had significant implications for the broader industry. The company’s deep pockets and willingness to spend have forced traditional studios and other streaming platforms to rethink their strategies. The rise of streaming has already disrupted the traditional film and television business models, and Amazon’s entry into the space has accelerated this transformation.
One of the most notable impacts has been the escalating “streaming wars,” where companies are competing fiercely for content and subscribers. Amazon’s willingness to invest in original content and its acquisition of MGM have raised the stakes, prompting other companies to make similar moves. Disney’s acquisition of 21st Century Fox and WarnerMedia’s merger with Discovery are examples of how traditional media companies are consolidating to better compete in the new landscape.
Moreover, Amazon’s integration of entertainment with its broader ecosystem—ranging from e-commerce to cloud computing—represents a unique approach that other companies are beginning to emulate. The ability to cross-promote content across multiple platforms, offer exclusive deals to Prime members, and leverage data analytics to tailor content to individual preferences gives Amazon a competitive edge that few can match.
However, Amazon’s growing influence in entertainment has also raised concerns. Critics argue that the company’s dominance in multiple sectors, including retail, cloud computing, and now entertainment, could lead to antitrust issues. There are fears that Amazon’s expansion into entertainment could stifle competition, reduce diversity in content, and concentrate too much power in the hands of a single corporation.
The Future of Amazon in Entertainment
Looking ahead, Amazon shows no signs of slowing down its push into entertainment. The company continues to invest heavily in original content, with upcoming projects like the highly anticipated The Lord of the Rings series, which reportedly cost over $1 billion to produce. Amazon is also exploring new ways to integrate its entertainment offerings with its other services, such as bundling Prime Video with other Amazon subscriptions and offering exclusive content for Alexa-enabled devices.
Additionally, the MGM acquisition opens up new possibilities for Amazon to expand its content offerings, including potential reboots, spin-offs, and new franchises based on MGM’s extensive library. The acquisition also positions Amazon to be a major player in the licensing and distribution of content, giving it more leverage in negotiations with other studios and platforms.
In conclusion, Amazon’s foray into entertainment, from the launch of Prime Video to the acquisition of MGM, is a testament to the company’s ambition and vision. By investing in original content, acquiring valuable IP, and integrating its entertainment offerings with its broader ecosystem, Amazon has positioned itself as a formidable player in the entertainment industry. As the streaming wars continue to heat up, Amazon’s role in shaping the future of entertainment will be one to watch closely.