Home Base: Milking the Post-Pandemic Shopping Shift
There’s no place like home. The infamous line out of an iconic film tugs on emotional heart strings, but its practicality is inescapable. Perhaps no time in modern history have so many people around the world been reacquainted with the importance of establishing a livable, enjoyable home space as they are now doing more than a year after a global pandemic halted both outside and inside public activities.
The transition from a frightening experience in early 2020, when exterior areas that once bustled with activity were practically ghost towns, to a new hope for reopening, has been gradual and welcomed. That said, few expected the various lockdown mandates to last this long. Coping has been a struggle, between setting up remote workspaces, keeping kids entertained between online learning, and just generally curbing options for pursuits such as shopping.
But something else happened along the way. Consumers increased the already growing rate of online shopping – not just for staples, but for infrastructural home goods aimed at turning a living space into a pleasant permanent shelter. This was an unanticipated boost for merchants peddling related items. And the news gets better: estimates say up to 40 percent of customers who rarely bought online are now seriously considering it as a way of life.
Whether it’s textiles, décor, furniture, hardware, or anything else in the home goods category, shoppers have found the silver lining in COVID-19’s dark cloud by skipping annoying trips around town, in search of the right item. Spending so much time indoors has drawn attention to the living experience people want to enjoy, and this is a golden opportunity for online retailers of home-centered merchandise.
Home goods retailer Bed Bath & Beyond, for example, reported a rare uptick in 2020 sales, despite four consecutive prior years of losses. Their digital sales increased 80 percent. That’s gargantuan, and inspiring.
Your online business may not be in the league of a BB&B or a Lowe’s, Target, or other big-time entities. But you have a product to offer, and if you pay attention to strategy, you may reap the benefits of this mass conversion to digital commerce in the home goods sector.
It’s critical to strike now, while the proverbial iron is hot. Large-scale job losses have spurred government unemployment spending, including decent-sized federal subsidies. Those are slated to end in August, but they already have been extended twice. What happens next is anyone’s guess. Your job today is to meet the needs of shoppers with capital.
The lesson here is to learn how to reach this new brand of consumer. Use the standard strategies of strong marketing, updated product inventory, catchy advertising, and fiscal health checkups to be sure your mechanics are in place. Tailor your advertising (and all communications) to those who have reevaluated the state of their home centers, and pitch with provocative language geared toward making permanent the current focus on home sweet home.
For inspiration and ideas on how to make your online store work for you, hit up Shopify. They’re always good for fresh, motivating content.