What 2020’s Q4 buying behavior will tell us about the future of eCommerce

It might be easy to think that 2020 won’t serve as much of a yardstick for anything and that any “benchmarks’ that usually come out of the wealth of Q4 data should be discarded. And it’s true that COVID-19 and the changes in behavior it has forced won’t be completely replicated in future years. — That said, there are some patterns we should keep a close eye on as Q4 unfolds. Here are some metrics to watch – and what they’ll mean for the eCommerce industry going forward. Traffic by month One of the ways Q4 buying behavior is shifting…

7 Key Takeaways from Wayfair, Payoneer, and AndMakers on Achieving eCommerce Scale

On Oct. 20, AndMakers co-founder Lily Chan joined Wayfair’s Michael Zhang and Payoneer’s T. J. Hyland for a free webinar on helping eCommerce brands launch on Wayfair. Attendees got a ton of insights on how to break into the U.S. market, grow sales, cut down on returns, and more. Here are our top 7 takeaways from the event: COVID-19 is accelerating eCommerce growth. Michael estimates that COVID-19 has accelerated the eCommerce growth curve by five years, with reports showing that eCommerce has made huge gains in its share of the retail market. He also forecasts that many new online customers…