When a customer adds a product to the cart at your online store but doesn't complete the purchase, that cart can be considered as an abandoned cart. Sending automated abandoned cart recovery email reminders is the most effective and hassle-free method for making customers come back to the store and recover their abandoned carts. Since then, technology moved fast to meet the demands of this new type of shopper. Ecommerce platforms like Shopify democratized the industry, allowing a small business to sell directly to consumers anywhere in the world. Social commerce, mobile wallets, and AI tools round out the ecommerce we know Consumer behavior refers to the study of individuals, groups, or organizations and the processes they use to select, secure, use, and dispose of products, services, experiences, or ideas to satisfy their needs and desires. Understanding consumer behavior is crucial for businesses as it helps them develop effective marketing strategies and deliver pro...
Risk reduction. Choosing a branded product minimizes the customer's chances of making a poor purchasing decision. Brands build trust in the product's projected performance and provide consistency in the predictability of its advantages. Brands, particularly in B2B, can help to secure and legitimize purchasing decisions, as B2B buyers have a strong preference for risk avoidance. Creating Image Benefits and Adding Value. Consumers typically derive value added/image benefits from the self-expressive value that brands can supply. In a B2B setting, the additional value supplied by brands is typically not based on simply self-expressive qualities. However, it can be really important. A brand represents not only your employees to the world, but also the entire organization. B2B marketers should start thinking outside the box. Brands must be recognized for the tremendous potential they possess. They differentiate market offerings, reduce complexity, and provide value by expressing b...