Key Highlights
- 78% of merchant businesses prioritize social media marketing to attract new customers
- 65% of consumers say they have made a purchase based on a social media post from a brand or merchant
- Email marketing yields an average ROI of 42:1 for merchant businesses
- 60% of merchant industry marketers use Google Ads for online advertising
- 45% of merchants believe that local search engine optimization (SEO) provides the highest ROI
- Mobile marketing accounts for 70% of all digital marketing efforts in the merchant industry
- 55% of merchants report that online reviews influence more than half of their new customer acquisition
- E-commerce transactions made through mobile devices grew by 35% in the merchant sector in 2023
- 82% of merchants use content marketing to engage their target audience
- 30% of merchant industry marketers plan to increase their marketing budgets in 2024
- 68% of merchant marketers use data analytics to optimize their marketing campaigns
- Video marketing is employed by 73% of merchant businesses to promote products and services
- 42% of merchants participate in influencer marketing campaigns
In a digital landscape where 78% of merchant businesses are harnessing social media to attract customers, the latest statistics reveal how innovative marketing strategies are transforming the merchant industry in 2023 and shaping its future.
Consumer Engagement and Behavior
- 65% of consumers say they have made a purchase based on a social media post from a brand or merchant
- 55% of merchants report that online reviews influence more than half of their new customer acquisition
- Loyalty programs are used by 59% of merchant businesses to retain customers
- 48% of merchants say that personalized marketing improves customer engagement
- 70% of consumers say they discover new brands through social media
- 33% of merchants participate in loyalty or referral programs as part of their marketing strategy
- 80% of merchant businesses believe that online reviews influence their sales
- 65% of merchant marketers rank customer retention as their top marketing priority
- 50% of consumers say personalized emails influence their purchase decisions
- 65% of merchant businesses utilize loyalty apps to engage consumers
- 49% of merchants say that omnichannel marketing enhances customer experience
- 74% of merchants value customer feedback for campaign improvement
- 84% of merchant marketers say that their digital marketing efforts have led to increased customer engagement
Consumer Engagement and Behavior Interpretation
Content Marketing and Brand Awareness
- 82% of merchants use content marketing to engage their target audience
- Video marketing is employed by 73% of merchant businesses to promote products and services
- 49% of merchants have integrated user-generated content into their marketing strategies
- 57% of merchant marketers believe that influencer collaborations increase brand awareness
- 66% of merchants consider content marketing crucial for brand building
- 80% of merchant marketers say that content marketing has increased their brand visibility
Content Marketing and Brand Awareness Interpretation
Data and Technology Utilization
- E-commerce transactions made through mobile devices grew by 35% in the merchant sector in 2023
- 68% of merchant marketers use data analytics to optimize their marketing campaigns
- 52% of merchants use chatbots on their websites to enhance customer service
- 41% of merchant businesses have integrated augmented reality (AR) into their marketing mix in 2023
- 54% of merchant marketers plan to invest more in digital marketing tools in 2024
- 35% of merchants actively use automation tools to streamline their marketing processes
- 41% of merchants use customer segmentation to better target their campaigns
- 38% of merchants report that their marketing automation has increased efficiency by over 30%
- 43% of merchants use analytics dashboards to track marketing performance
- 69% of merchants believe that personalized product recommendations increase sales
- 48% of merchants report that integrating multiple channels improves overall campaign success
- 53% of merchants say that data-driven marketing enhances personalization efforts
Data and Technology Utilization Interpretation
Digital Marketing Strategies and Tactics
- 78% of merchant businesses prioritize social media marketing to attract new customers
- Email marketing yields an average ROI of 42:1 for merchant businesses
- 60% of merchant industry marketers use Google Ads for online advertising
- 45% of merchants believe that local search engine optimization (SEO) provides the highest ROI
- Mobile marketing accounts for 70% of all digital marketing efforts in the merchant industry
- 30% of merchant industry marketers plan to increase their marketing budgets in 2024
- 42% of merchants participate in influencer marketing campaigns
- The average click-through rate for merchant industry PPC ads is 2.8%
- 44% of merchant businesses report increased sales directly attributable to digital advertising efforts
- 58% of merchant companies use video advertisements on social media platforms
- 72% of merchant businesses have increased their social media advertising budget over the past year
- 67% of merchants consider their email marketing campaigns effective in driving sales
- Online advertising spending by merchants increased by 21% in 2023
- 47% of merchants say that SEO efforts result in measurable increases in sales
- 74% of merchant marketers plan to explore new digital platforms in 2024
- 79% of merchants include seasonal campaigns as part of their marketing strategy
- 53% of merchant marketers find that influencer marketing generates high quality leads
- 61% of merchant marketers plan to increase their investment in social media advertising in 2024
- 54% of merchant businesses have adopted chat marketing strategies
- 62% of merchant companies plan to expand their digital advertising spend in the next year
- 69% of merchants leverage influencer marketing for brand awareness
- 55% of merchants use social media stories features to promote their products
- 40% of merchants utilize SMS marketing for customer outreach
- 71% of merchants reported an increase in conversion rates after implementing targeted advertising strategies
Digital Marketing Strategies and Tactics Interpretation
Local and Social Media Marketing
- 60% of merchant industry businesses report that their local SEO efforts have increased foot traffic
Local and Social Media Marketing Interpretation
Sources & References
- Reference 1STATISTAResearch Publication(2024)Visit source
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- Reference 3MAILCHIMPResearch Publication(2024)Visit source
- Reference 4NEEVOResearch Publication(2024)Visit source
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- Reference 6EMARKETERResearch Publication(2024)Visit source
- Reference 7CONTENTMARKETINGINSTITUTEResearch Publication(2024)Visit source
- Reference 8HUBSPOTResearch Publication(2024)Visit source
- Reference 9WIBBITZResearch Publication(2024)Visit source
- Reference 10INFLUENCERMARKETINGHUBResearch Publication(2024)Visit source
- Reference 11BONDBRANDCHATResearch Publication(2024)Visit source
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- Reference 13GOOGLEADSResearch Publication(2024)Visit source
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- Reference 18GERENTResearch Publication(2024)Visit source
- Reference 19CHATBOTSResearch Publication(2024)Visit source
- Reference 20SMSGLOBALResearch Publication(2024)Visit source