Consumer expectations and shopping habits are constantly evolving. How brands adapt to the constant evolution, from logistics and staffing to marketing strategy and tactics, ultimately determines whether they stay relevant in consumers’ eyes and their business continues to grow.
We’re witnessing another evolution in purchasing behavior, ushering in a new breed of consumers — the "buy it now" consumer. What exactly is the "buy it now’" consumer, what propelled their emergence, and what do brands need to know about them in 2022?
The Rise of the 'Buy it Now' Consumer
This evolution has been happening over the past several years and COVID may have been the tipping point for its ascension. Both email and SMS conversion rates have steadily grown, but saw a significant jump in early 2020, despite the fact click rates declined over this period — indicating more intent-based shopping where consumers identified products and made an immediate purchase. But that’s just the beginning.