Have you taken any good pictures lately and want to show them to your friends? - Go to Instagram.
Have you shot any funny videos and want to jump on a trend? - Go to Instagram
Is it your friend’s birthday, and you want to spam everyone you know with pictures of you two to celebrate? - Go to Instagram
Are you bored and want to see what everyone else is doing with their lives? - Go to Instagram
Do you own an e-commerce store and want to help your business grow?... Well, GO TO INSTAGRAM!
It seems that Instagram is the way to go for everything these days. With over 2.4 billion active users, Instagram has been one of the top social media platforms for a while. It may grab your attention even more when you hear that this number is expected to reach 2.5 billion by the end of 2024. However, these are not the only interesting numbers when talking about Instagram. It is also worth mentioning that more than 500 million users open Instagram daily, and the average user spends around 24 minutes on the platform (DemandSage, 2023).
As someone who owns an e-commerce store or works at one, these are numbers that should make your eyes sparkle. The huge number of users that Instagram currently has, the even bigger number it is expected to reach in 2024, and the amount of time these users spend on the platform represent endless opportunities just waiting for e-commerce stores to come and seize them.
Do we have your attention now? Good! Let’s discuss even more interesting statistics about Instagram for e-commerce.
We bet that you are already convinced of how important it is for you to leverage Instagram to grow your e-commerce business in 2024. All that is left now is for you to know how to start. However, you don’t have to worry because we’ve got your back in that too. In this article, we will introduce you to the best strategies you should follow to make sure 2024 is the year your e-commerce store benefits the most from Instagram.
Instagram has already been a popular player in the e-commerce sector for the past few years; however, every new year comes with new opportunities, technological advancements, and trends. The year 2024 is no different. In the following points, we will show you how to turn Instagram into a gold mine for your e-commerce store in 2024.
The first step you should take in 2024 is to work on the Instagram profile for your e-commerce brand. This strategy is a prerequisite to all the following strategies and to everything else you will think of doing on Instagram in 2024. The undeniable indispensability of this strategy comes from the huge impact that your Instagram profile can have on your target audience.
The profile of your e-commerce store on Instagram is what reflects the identity of your brand and shapes your customers’ impressions and thoughts about it. Therefore, it should be creative to attract people but also professional to look credible.
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The best way to start leveraging Instagram for your e-commerce store in 2024 is by using its shopping features. This can be done by setting up your own Instagram shop and also by making everything shoppable, which Instagram allows you to do.
The year 2024 should be all about making things easier and more convenient for your customers. It should also be about providing the best omnichannel experience possible. An omnichannel experience entails existing wherever your customers are, serving them whenever it is convenient for them, and ensuring that you are providing the same level of service across all your channels.
Hence, if you decide to enter the Instagram world, you will have to work on providing the same services that you provide on your e-commerce website. This is because the true omnichannel experience starts when the value your customers get from your website is the same as the value they get from your other channels, such as Instagram. Luckily for you, Instagram makes that very easy now.
At this point, we are particularly talking about setting up an Instagram shop; however, in the following points, we will be tackling other Instagram shopping features.
The Instagram shop allows you to create a digital catalog for your products, which gives your customers a chance to explore your store without having to leave the application, which represents the minimum of what your customers should expect to enjoy in 2024.
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** Check out this article to learn everything about how to take advantage of Instagram shopping for your e-commerce.
First, diversifying the organic presence of your e-commerce store on Instagram is essential for your brand to shine in 2024. The good thing is that Instagram delivers you the opportunity to diversify on a silver platter by giving you different ways to communicate organically with your customers.
It would be a shame if we reach 2024 and an e-commerce brand is still interacting with its customers on Instagram only through posts. That’s why we advise you to share your content with your customers wherever possible and in whatever formats available: posts, reels, stories, live, and anything else that Instagram might surprise us within the upcoming year.
It is also worth mentioning that diversifying your organic presence on Instagram in 2024 can give you the following benefits:
Second, MAKE EVERYTHING SHOPPABLE! Because… why not benefit from the Instagram shopping features to the maximum?
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Paid ads never get old; all e-commerce businesses can still benefit from them in 2024. Due to the skyrocketing competitiveness in the market, an e-commerce brand needs all the help and support it can get to reach its customers and engage with them. It is highly unlikely for this tough competition to ease in 2024; therefore, relying solely on organic methods will not be enough. You will also need to support your efforts with Instagram paid ads, which can offer you more reach and better targeting.
By the way, Instagram-paid ads generated around $50.58 billion in 2023 and are expected to generate $59.61 by 2024 (Growth Devil, 2023). These numbers prove that Instagram paid ads should be part of your 2024 plan.
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Did you know that, in 2023, 76.6% of marketers have used Instagram for influencer marketing and that this percentage is expected to reach 80.8% in 2024? (Demand Sage, 2023). That means that Instagram influencer marketing is definitely one of the things that will be staying with us in 2024.
What’s special about Instagram influencer marketing is that it provides all the necessary social proof that your customers on this platform need.
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Around 79% of customers say that user-generated content impacts their purchasing decisions (Search Logistics, 2023).
Instagram influencers are not the only source from which your customers can get social proof in 2024. User-generated content (UGC) is another powerful source of social proof. It increases the transparency, credibility, and authenticity of your e-commerce brand.
This can also be part of the diversification strategy we discussed earlier because encouraging UGC results in a diverse variety of content generated by none other than your own customers. In other words, you can think of this as a way of allowing your customers to help you in the organic content diversification process.
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If you think that hashtags have become outdated, think again. Instagram hashtags are entering the year 2024 with us with as significant an impact as they have always had.
Studies show that Instagram posts that include 11+ hashtags have the highest interactions, with a 79.5% increase for accounts with less than 1,000 followers. Additionally, most hashtags on Instagram are branded hashtags relating to a specific business or product (Search Logistics, 2023).
So, if you have been wondering whether Instagram hashtags are still relevant in 2024, the answer is YES.
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In 2024, there is no room for boring e-commerce marketing strategies. So, always work on making it fun!
When it comes to Instagram, you can’t say the words contests and giveaways without thinking of the word “fun,” and when it comes to providing an exceptional customer experience, you must ensure that your customers are having fun.
We understand that most e-commerce businesses prioritize the value that their customers get from their products or services. However, given that everyone is working on that, it will not be enough in 2024. You will need to stand out and differentiate your brand by going the extra mile.
By going the extra mile, we mean not only ensuring that customers receive the original value but also providing the added value of a unique and fun experience they can't find anywhere else.
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Now, why don’t you start today by launching a giveaway to celebrate the new year?
If you haven’t heard about Instagram AR ads, we are here to ensure that you learn about them before you start 2024. Instagram AR ads will allow you to create more immersive customer experiences. By adding AR effects to mobile ads, you will encourage customers to try out your brand’s products. This will highly increase interaction and engagement with your brand.
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The concept of trends is one of the things that will never become obsolete. Trends reflect patterns of change, and change is inevitable in our world. That is something that you can’t change. However, what you can do here is stay aware of these changes by regularly monitoring the trends.
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Final Words:
To sum up, it is important to highlight that every year comes with opportunities that e-commerce businesses wish to leverage and threats that they wish to mitigate. In this article, we discussed one of the biggest opportunities that e-commerce stores can take advantage of in 2024: Instagram.
This platform has opened many doors for e-commerce businesses, and its benefits are expected further in 2024. It is also worth mentioning that the evolving landscape of the e-commerce sector in 2024 presents an opportunity for e-commerce businesses to leverage the power of Instagram.
Finally, we would like to remind you of the importance of using automation wherever possible. Speaking of automation, the marketing automation tool that we mentioned above and that is offered by Converted.in can help you do the following as well:
Book your demo now and GET READY FOR 2024!