Quick commerce, often referred to as Q-commerce is a rapidly
emerging trend in the world of E-commerce and delivery services. It focuses on
delivering the products to the customers in the shortest possible span and is
interchangeably also called on-demand delivery at times.
With quick-commerce companies do not aim to beat the biggest
stores in the city but the go-to store in an area, the warehouses are not
placed on the outskirts of the city, but micro warehouses are built throughout
the city near residential areas with the SKUs most in demand. A single dark
store usually caters to an area of 2 km in radius.
Q-commerce platforms have lately seized to opportunity to
capitalize by showcasing themselves as a great space for advertising campaigns.
The ads, content, and promotions are highly personalized to each customer and
their requirements & shopping behavior. This results in better offers and
better pricing for each customer individually. The use of data and analytics to
understand what consumers buy, from where, when, and exactly what they search
for and choose from the given options, these platforms have built
recommendation engines that work on AI/ML models.
Sharing a snapshot below.
After
careful evaluation, research, and analysis, it was found that approximately 65%
of customers prefer making monthly planned purchases using scheduled delivery
apps, while around 40% opt for Q-commerce apps for the same purpose. This
indicates a preference among a majority of customers for scheduled delivery
apps when it comes to planned, monthly shopping, highlighting the role of
different app categories in meeting varied shopping needs.
When choosing a quick commerce (Q-commerce) app to advertise
their products, brands consider several crucial factors. These include the
app's Monthly Active Users (MAU), which indicates its potential reach. They
also evaluate advertiser saturation to determine competition, the app's age,
with older players often viewed as more stable with a larger user base, and
user demographics to ensure alignment with the brand's target audience. Other
considerations include available ad placement options such as banners and
product listings, pricing, and ROI, including advertising rates and additional
fees, serviceable geographies for regional targeting, ad performance metrics
and analytics for campaign assessment and optimization, and the app's
popularity and reputation as reflected in user ratings and reviews. By
considering these factors, brands can make informed decisions about where to
effectively advertise their products.
There are various ways to advertise on quick commerce
platforms, such as through inorganic search results, brand collaborations,
banner ads, and video ads.
- Inorganic search results are promoted outcomes that show up
when users search for a particular product or brand.
- Brand collaborations are interactive promotions within the
app that feature specific brands or products and may offer discounts or deals.
These promotions can be presented as videos or banner ads and can lead to
in-app product listings on the homepage or in search results.
- Banner ads are static image ads that sometimes appear in a
carousel format after placing an order in the order tracking section.
- Video ads, which also show up after placing an order,
showcase brand videos and promotions, adding to the overall advertising
experience on these platforms.