A Piece Of The eCommerce Pie: Tips To Run Your Ecommerce Website/App To Maximize Profits
The eCommerce world is only going to make life more convenient with options growing on what can be purchased. The goal of most businesses is to make as much in terms of profits as possible. The goal of eCommerce businesses is to earn profits but also to retain customers as repeat business is important. A company that throws customer service out of the door will lose customers at any point when an order is delivered late or a product is out of stock. Maintaining the right balance between keeping profitability high as well as customers happy can allow the business to grow at a steady rate. The following are tips that will help maximize profits when running an eCommerce business while maintaining a good reputation of putting the needs of the customer first.
Navigation Of The Site Should Be Intuitive
The website should either have an app or mobile-friendly version as many sales could be lost if the website just has a desktop version. Navigation should be intuitive with clear categories listed at the top or on the side of the page. Do not overload the homepage with videos or other media that will slow its loading time. Slower internet connections could freeze due to too many images or videos loading at the same time. Take the time to allow for website feedback from current customers as they will have valuable information about any pertinent changes that could be made.
Product Search Should Be Easy
People usually have an idea of what they want to buy when visiting a particular eCommerce website. Product search needs to be as easy as possible as the company does not want to lose a customer due to them having a hard time finding the product. Bigcommerce site search is a great example of an app that simplifies the product search process. Small things like autocomplete of information can cut down on the time it takes to purchase a product as well as reduce the time a buyer gets to change their mind.
Digital Marketing Will Help Products Climb The Search Engines
Digital marketing is a must in today’s eCommerce world as the competition to rank at the top of search engines is fierce. The process of building links back to sales pages as well as the website, in general, can be a lengthy one. A publisher agreeing to put links into an article can be tricky as many want compensation to do so. For this reason, it is important to create amazing content with a link that adds value to the article like that of a whitepaper or blog post. Links back to sales pages look unnatural and can lead a website to be penalized if they allow too many of these links. Take the time to look at the marketing of competitors as it is important to know what they are doing to create the best strategy possible.
Data-Based Advertising/Marketing Is Imperative To Keep ROI High
Advertising and marketing have to be guided by data from previous campaigns. Repeatedly putting money towards a tactic that does not produce results is only subtracting money from a tactic that has worked consistently. There are many tools available that can gather data and even translate it into an actionable plan. Far too many times, the management of companies tries to create a strategy based on a hunch. At times, these strategies can be great in terms of ROI but a combination of creativity keeping data in mind is the balance companies should strive for.
Focus On Customer Retention/Great Customer Service
Most eCommerce websites face customer-related issues. The client might get upset when a product arrives late, but shipping can vary depending on severe weather conditions or even natural disasters. A dedicated team of customer service professionals can help salvage relationships with customers. Customer retention is what huge juggernauts in the eCommerce industry look to aim for as it could mean a lifetime of purchases from one customer. Many customers take to social media to complain or ask questions. It is imperative to reply to both the positive and the negative comments. Most people who tag a company in a post to complain just want to be acknowledged and the situation to be remedied. Sending a coupon or giving a refund can be enough to allow the customer to feel comfortable to continue buying from a company that directly contacted them to solve their grievance.
Running a successful eCommerce business can be immensely profitable as the eCommerce industry spans the entire world. A product that doesn’t sell domestically could easily catch on abroad if the balance of quality and affordability is attained. Take the time to see where the site, as well as the marketing, could be improved as these are the perfect places to start.