As a D2C startup founder, it’s important to stay ahead of the curve and leverage certain trends to your advantage
By staying informed and being strategic in your approach, you can achieve exponential growth and reach new heights in the coming year
Here are five trends that I believe will help D2C founders achieve exponential growth in the coming year
As we start a new year, I wanted to share with you my thoughts on the game-changing trends that I believe will shape the industry in 2023. As a fellow founder, I understand the challenges and opportunities that come with growing a brand in today’s marketplace. That’s why I want to share some insights that I believe will help you leverage these trends to the fullest and achieve exponential growth in the coming year.
First, influencer marketing is set to undergo a significant shift as D2C brands will prioritise product seeding over traditional influencer collaborations. This shift is driven by a need for more authentic and effective ways to reach consumers. By sending products to a targeted group of influencers and having them share honest feedback with their followers, brands can build trust and drive sales.
Increasing Adoption of AI
Next, the adoption of AI will change the way D2C brands work. According to Grand View Research, the global AI in retail is expected to reach $7.3 Bn by 2025. By involving AI in their operations and strategies, brands will be able to automate tasks, analyse customer data, and make more informed decisions. This will lead to new tools and technologies that will help brands work more efficiently and effectively.
Meme marketing is also set to become a trend in 2023, as GenZ consumers drive its popularity. By incorporating memes into their marketing strategies, brands can connect with their target audience and stand out in a crowded marketplace. As per a Pew Research Center report, 72% of GenZers use memes to communicate with friends.
The use of video ads is expected to become a trend as it is an effective way to capture the attention of consumers and build brand awareness. Additionally, video ads tend to stick in the long-term memory of consumers, making them more likely to remember the brand and consider it in the future. The use of video ads will help brands to build an audience with higher intent and increase their chances of converting them into loyal customers.
In 2023, conversation commerce will become more prevalent as brands adopt more engagement features on WhatsApp for 1:1 personalisation. Brands that provide useful communication without interrupting will see the most success. A 3:2:1 message framework (3 helpful, 2 soft sales, 1 direct offer) can help D2C brands. By implementing this framework, D2C brands can increase their customer engagement, conversion rates, and sales.
As you can see, there are many trends that will shape the industry in 2023, and as a D2C brand founder, it’s important to stay ahead of the curve and leverage these trends to your advantage. By staying informed and being strategic in your approach, you can achieve exponential growth and reach new heights in the coming year.
D2C House’s Tool Of The Week: GoKwik
– When you are a founder of a $30,000+, every RTO bothers you. It’s better to identify the potential fake or irrelevant order to save your delivery costs. Founded by Chirag Taneja, GoKwik helps to solve this by improving conversion rates and reducing RTOs.