Stay updated with the latest trends and news in the e-commerce and dropshipping world.🛒
Here are the top highlights🗞️
1. Prime Day Drives $14.2 Billion In Spending, With Amazon The Big Winner
Amazon's Prime Day 2024 generated $14.2 billion in online sales, marking an 11% year-over-year increase. Back-to-school shopping and electronics upgrades drove significant spending, solidifying Amazon's dominance in e-commerce.
2. Amazon Expands Ad Offerings for Non-Amazon Sellers
Amazon's new lead generation ad feature allows non-Amazon sellers to leverage its vast network and data ecosystem, enhancing customer engagement through optimized display ads across Amazon's properties and third-party sites.
3. eBay Launches Cash Advance Services for Sellers
eBay is launching Business Cash Advance, a financing product that offers eligible U.S. eBay sellers up to $1 million in working capital in as little as 24 hours. The program, provided by Liberis, features flexible payment schedules that scale with the seller's sales cycle.
4. Modern Sales Techniques for Ecommerce Breakthrough in 2024
Ecommerce businesses can leverage insights from traditional sales techniques like SPIN, SNAP, and solution selling to increase sales. Key tips include offering solutions, investing in your website, leveraging visual assets, highlighting customer testimonials, providing personalized recommendations, using digital marketing tools, and continuously analyzing and optimizing.
5. Tekpon Announces Top Dropshipping Software for Businesses
Dropshipping software is changing the e-commerce industry by allowing companies to scale efficiently. Tekpon is helping businesses find the best dropshipping solutions.
6. TikTok Glitch Exposes Teens to Adults-Only Shop
A TikTok glitch allows users under 18 to access TikTok Shop, bypassing age restrictions. This loophole in the app's parental controls raises concerns about exposure to adult content.
7. Supply chain managers are now big users of generative AI
A new Epicor survey reveals 63% of high-growth businesses are integrating generative AI into supply chain operations, enhancing efficiency, cost management, and customer service through advanced automation and data analysis.
8. How AI is shaping the future of ecommerce advertising
AI-powered tools are transforming e-commerce advertising by enabling hyper-personalized experiences. Businesses leveraging AI see significant growth in customer acquisition, loyalty, and profitability. Personalized ads drive better performance and increase revenue from targeted marketing efforts.
Thank you for staying informed with our Weekly E-Commerce & Dropshipping Highlights. Stay tuned for more updates and insights in our next edition. Happy selling!😊
