Trend N1 – Social commerce
Social commerce is a type of e-commerce that uses social media to facilitate buying and selling products and services. It typically includes features such as social login, user-generated content, product reviews, and recommendations. One of the most famous examples of social commerce is Amazon’s “Customers who bought this item also bought” feature, which uses data from past purchases to recommend new customers. Other examples of social commerce platforms include eBay, Etsy, and Groupon.
Trend N2 – Step into the big market.
If you are focusing on the minimarket, then you should change it. For example, the CBD market in Canada is enormous. Canada’s CBD market reached a 10+ billion valuation in the last few years. Consumers can get cheap weed, and they will be sophisticated because there are many competitors, so a good uptrend will positively impact the market valuation in the future.
Trend N3 – using social media for the advertisement
There is no doubt that TikTok is a powerful marketing tool for businesses. It can help you reach a large and engaged audience with ease. Additionally, TikTok provides businesses with an opportunity to create content that is creative and fun. However, there are some potential downsides to using TikTok for business purposes. For example, the platform has been known to be unreliable regarding its algorithm. This means that as many people might not see your content as you hoped.
Additionally, TikTok has been criticized for its lack of privacy and security features. This means that there is a risk that third-party applications could access your data without your knowledge or consent. Overall, TikTok is a great way to reach a large community.
Facebook ads depend on several factors, such as your business goals, target audience, and budget. That said, Facebook can be an effective platform for advertising if used correctly. For example, Facebook allows you to target specific demographics with your ads, which can help you reach your target market more effectively than other forms of advertising. Additionally, Facebook ads can be relatively cost-effective, especially compared to traditional advertising forms like television or print ads. Of course, as with any form of advertising, there are also some potential downsides to using Facebook for your business. For example, some users may find Facebook ads intrusive or annoying.