Reset password:

Strategic insights
Ecommerce in the Connected World

The special thing about the connected world is that it also changes where the very first interaction takes place. In the connected world, the majority of your customers are coming because of some form of sharing. That means that the first point of interaction, is what other people have shared about you.

26
PAGES

FREE FOR SUBSCRIBERS

Written by on July 20, 2012

In my book, "The Future of Social Commerce" (free for subscribers) I explore the shift that has and is happening to the world of commerce. The way we discover, discuss, and decide on what to buy has fundamentally changed. So let's explore this in more detail.

Many things have changed:

20 years ago, it was the norm to decide on a product by going shopping and browsing around your local city's shopping street. Today, most people browse *before* they go shopping. We look things up on the internet, to find what it is that we need, and only then do we go out to find the nearest place to buy it.

Sharing is another new and very important element. While we did tell our friends about what we bought in the past, sharing today is on a completely new scale and volume.

On top of this we have the big trends that also influence how and why we buy something.

  • We have the connected trend, which fuels sharing and discovery between people.
  • We have the trend of abundance, which raises the bar and puts an added pressure on you to be unique and relevant towards the individual.
  • We have the trend of convenience, which demands the paths we have to take to be shorter, faster, and easier.

On top of this, we have the changing foundation of what we define as the 'new normal'. For instance, today we assume (as the new normal) that we can buy whatever we need online. The new normal is 'always available', whenever, and wherever.

All of these combined completely redefines how we need to approach ecommerce in the connected world.

The old model

In the past, all forms of commerce (digital and physical) followed this path:

Inspire, Refine, Select, and Buy

It is based on the concept that people don't know what they want to buy, so you need to first inspire them to visit your shop. Then when they visit it, they still don't know what they want, so you now need to help them refine their choices, move your potential customers on to the point of selection, and finally finish the transaction.

Subscribe to read the rest of this 26 page report...

Try it free for one week

Register to try out Baekdal Plus completely for free for one week.

...or subscribe today

$9/month

$99/year

As a PLUS member, you can share anything on baekdal.com, with anyone, everywhere. When you share a plus article with a friend, they can read the full article for free. They will even get notified that you are the one who shared it - with a link to your Twitter profile. Just in case they want to follow you, now that you are being such a nice person!

Share on

Thomas Baekdal

Thomas Baekdal

Founder of Baekdal, author, writer, strategic consultant, and new media advocate.

Follow    

Check out my new book: THE SHIFT - from print to digital and beyond? Free for Baekdal Plus subscribers, $8.79 on Amazon.

There is always more...

The Economics of Individual Media »

ONLY FOR
SUBSCRIBERS

31
PAGES