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Facebook just launched *Shops*, their own eCommerce solution.
Here's what you need to know about it:
Available only in the U.S.
160 million small businesses on it today
Facebook Checkout for all Shops
Hits @instagram in the summer
Key takeaways
Here's what you need to know about it:
Available only in the U.S. 160 million small businesses on it today Facebook Checkout for all Shops Hits @instagram in the summerKey takeaways
1. Facebook Checkout & Pay
Facebook'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'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'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'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.
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.
