Consider this: Currently valued at approximately $3.34 billion in 2024, India's quick commerce market is projected to reach $9.95 billion by 2029, indicating a CAGR of over 23% during this period according to a report by financial services firm Chryseum.
With a projection that is almost triple the present numbers, India’s quick commerce market is set to create some major changes. And, digital marketing has been at the heart of this major shift from brick-and-mortar stores to “delivery in under 10 min”.
Digital marketing has played a crucial role in the rise of quick commerce (q-commerce) in India, significantly altering consumer behavior and expectations. Here are the key ways it has contributed:
The popularity of influencer marketing has been instrumental in building trust and driving engagement for Q-commerce brands. Collaborations with influencers on platforms like Instagram and YouTube showcase quick delivery services in real-life scenarios, encouraging adoption.
Digital marketing strategies backed by data analytics have enabled companies to understand customer preferences, peak ordering times, and regional demands. This has helped optimize operations to promise deliveries within minutes.
The discount on a bouquet of roses on Valentine’s Day or easy gift options for special occasions is driven by analytics that boost sales and help build the brand.
Social media campaigns and email marketing with time-sensitive offers or discounts have created a sense of urgency, driving more consumers to try Q-commerce platforms.
Digital marketing campaigns emphasizing user-friendly app interfaces and simplified checkout processes have made consumers more likely to explore quick commerce platforms.
To be part of the quick commerce (q-commerce) ecosystem, small businesses need to adapt their operations and leverage technology effectively. Here's how they can get started:
Integrate digital payment systems for seamless transactions. Many Q-commerce platforms require vendors to accept cashless payments to streamline operations.
Use digital marketing to promote your store's availability on Q-commerce platforms. Highlight fast delivery and quality products to attract customers in your locality. Understand your target audience and make data-driven choices.
Build trust by ensuring the quality of goods, accurate product listings, and proper packaging. Consistency in service leads to repeat customers and better ratings on platforms.
By aligning with the operational demands of Q-commerce platforms and using digital tools, small businesses can tap into the growing demand for ultra-fast delivery services in India.
23-12-2024
31-07-2024