Lots of SMBs think they’re doing a great job on selling to customers - but they’re wrong
GoDaddy report finds many SMBs are lacking when it comes to ecommerce
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A new study by GoDaddy has found only 21% of customers feel that small businesses offer a convenient online experience. That’s despite 91% of SMB owners believing that they’re offering up the right experience.
Thetop website builderplatform shares some key insights into the features and functionalities that consumers want on websites, in turn providing SMBs with the insights to improve their online experiences.
The study also highlights differences between age groups, with younger shoppers asking for more digital experiences than more seasoned consumers.
Ecommerce SMBs have a long way to go, yet
Payment options are clearly of great importance to consumers. As many as one in three (34%) prefer to pay online, but then pick up an item in-store, likely to avoid the inconvenience of having to find out that an item is out of stock.
More than four in five Gen Z and Millennial shoppers also noted that easy contactless digital payments are important when it comes to shopping online. While many SMBs have adopted digital checkouts such asApplePay, one-quarter (27%) still do not accept digital wallet payments.
In an era of increasing social media shopping trends, younger customers also noted the importance of having a social media storefront, however one-quarter (25%) and one-fifth (19%) of SMBs use this type of experience for physical products and digital products, respectively.
A further 28% of businesses don’t even have an online store, with many choosing third-party resellers likeAmazonand eBay to sell their products.
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GoDaddy Trends Expert Amy Jennette summarizes the research: “Consumers are ultimately looking for convenience, and if small businesses aren’t meeting these expectations, they’re likely losing business.”
Overall, the preference differences between Gen Z, Millennials, Gen X, and Boomers are considerable, and SMBs need to evaluate their target audiences in order to ensure that they’re providing all the right tools to make online purchases quick and effortless.
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With several years’ experience freelancing in tech and automotive circles, Craig’s specific interests lie in technology that is designed to better our lives, including AI and ML, productivity aids, and smart fitness. He is also passionate about cars and the decarbonisation of personal transportation. As an avid bargain-hunter, you can be sure that any deal Craig finds is top value!
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