This post will cover:
- Engaging today’s evolving shopper
- Turning impulse into loyalty
- Managing non-linear path to purchase
- Understanding modern digital shopping
- Excelling across social and digital platforms
Summary of key findings.
- The impulse economy: About 86% of shoppers make unplanned online purchases every month, and nearly one in five respondents spend over $1,800 annually on these buys.
- Fast-acting industries: Consumers in the beauty and health or wellness sectors are the most likely to make purchase decisions within minutes or seconds due to impulsivity.
- The stress relief trigger: Gen Z respondents are 73% more likely than older generations to be triggered and make unplanned online purchases for stress relief.
- Blurred discovery paths: Product discovery is becoming a blur as 41% of shoppers no longer recall their first touchpoint, and 60% of those who do remember switched devices, digital channels, or platforms before buying.
- Conversion via engagement: More than seven in 10 shoppers make a purchase after first discovering a product through organic content on platforms like YouTube, Instagram, and TikTok.