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Facebook just launched *Shops*, their own eCommerce solution.
Here& #39;s what you need to know about it:
https://abs.twimg.com/emoji/v2/... draggable="false" alt="1⃣" title="Keycap digit one" aria-label="Emoji: Keycap digit one"> Available only in the U.S.
https://abs.twimg.com/emoji/v2/... draggable="false" alt="2⃣" title="Keycap digit two" aria-label="Emoji: Keycap digit two"> 160 million small businesses on it today
https://abs.twimg.com/emoji/v2/... draggable="false" alt="3⃣" title="Keycap digit three" aria-label="Emoji: Keycap digit three"> Facebook Checkout for all Shops
https://abs.twimg.com/emoji/v2/... draggable="false" alt="4⃣" title="Keycap digit four" aria-label="Emoji: Keycap digit four"> Hits @instagram in the summer
Key takeawayshttps://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Down pointing backhand index" aria-label="Emoji: Down pointing backhand index">
Here& #39;s what you need to know about it:
Key takeaways
1. Facebook Checkout & Pay
Facebook& #39;s rolling out a global checkout & payment solution across its entire network for consumers & merchants. Expect Facebook Pay to exceed 250M users adopting the new payment method by the end of 2020.
Facebook& #39;s rolling out a global checkout & payment solution across its entire network for consumers & merchants. Expect Facebook Pay to exceed 250M users adopting the new payment method by the end of 2020.
2. Centralized Messaging
Facebook& #39;s quickly becoming the de facto operating system for Customer Service in the *new age* of commerce. Its shopping solution will allow merchants to centralize communications across Facebook, Instagram, Messanger, WhatsApp & other owner properties.
Facebook& #39;s quickly becoming the de facto operating system for Customer Service in the *new age* of commerce. Its shopping solution will allow merchants to centralize communications across Facebook, Instagram, Messanger, WhatsApp & other owner properties.
3. U.S. Market Saturation
Ecommerce, for providers, continues to grow saturated within the United States market. Expect consolidation across platforms & support services to compete with Amazon & Shopify, but also the likes of Facebook now entering the game.
Ecommerce, for providers, continues to grow saturated within the United States market. Expect consolidation across platforms & support services to compete with Amazon & Shopify, but also the likes of Facebook now entering the game.
https://www.theverge.com/2020/5/19/21263567/facebook-shops-instagram-shopping-e-commerce-small-business-loyalty-program">https://www.theverge.com/2020/5/19...
4. International Markets are $$$
No eCommerce provider, Marketplace or SaaS, has cracked the international side of eCom.
Aside from North America, Australia, & Western Europe, markets such as Africa, Latin America, & Southeast Asia will be the *new* battlegrounds for growth.
No eCommerce provider, Marketplace or SaaS, has cracked the international side of eCom.
Aside from North America, Australia, & Western Europe, markets such as Africa, Latin America, & Southeast Asia will be the *new* battlegrounds for growth.
