Top 10 proven ways to boost your e-commerce revenue
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There are always two high-risk situations for an e-commerce business that wishes to get more e-commerce sales. First: sales are going so well that it doesn’t seem necessary to require any new action. Second: sales go badly or suffer a sudden drop and therefore the alarm pops.
Curiouser and curiouser: both scenarios have identical solutions.
Resting on your laurels maybe even worse than experiencing a small decline in your e-commerce sales, as this might be due to seasonal reasons and fluctuations that any omnichannel business has. Whether your online conversion and sales rates seem OK or they give the impression of being risky, we provide you with 10 strategic actions that you just can undertake to extend your e-commerce sales from now on.
Also, our Web Design Jacksonville professionals always suggest you the best Web Design Ideas.
10 ways to boost up your e-commerce sales
1. Take excellent care of your loyal customers
When online sales freeze, our first thought is that customers now do not want us, which they need to flee away. However, it’s much easier to retain and convince customers who already know your brand and products than to induce new buyers from scratch.
It’s very likely that you simply have neglected taking care of your most loyal clientele. How often does one study them and hear them, discovering new needs, trends, or segmentation among your main audience?
An existing customer spends on the average extra money, adds more products to their handcart, and grants more sales conversion in each visit to your online store. You ought to develop marketing actions that refresh these loyal customers’ memory and make them feel cared for, like mailings with recommended products supported previous purchases or searches in your store, information about products without stock or that may be launched soon, coupons, and congratulations for his or her birthday.
Now identify your clients’ favorite products and target them on your platforms (80% of your profits come from 20% of your product catalog). If this stuff has satisfied such a lot of customers, they will convince more users with identical profiles. In addition, it’s easier for a replacement client to find your catalog through some highlights.
2. Launch a replacement product
It’s the foremost expensive action to extend online sales, but expanding business may be a thanks to make your e-commerce conversion rates grow. However, you would like enough resources and time, because a replacement product takes up to 12 weeks before launching. Of course, if your business or retail is selling products that are easier to manufacture and need regular new collections (such as clothing or shoes), this action is important for avoiding an outdated brand and e-commerce site.
If you’re terrified of launching a product from scratch and you prefer to check some reactions first, you’ll publish product pages with pre-sell or out-of-stock products. This way you will collect information about what percentage of people are basically inquisitive about that product (you may also activate a “Notify me when it’s back” button).
3. Expand your cross-sell and upsell strategies
Related products account for 35% of Amazon’s profits. Apply this rule to your own online store and give some thought to offering more information about your catalog on each product page and each shopping process. It’s also useful to use this strategy for marketplace online sales, trying to find listings and trade book products where you’ll be able to add your own products as related suggestions.
Upsell implies that you offer the next category product or an upgrade to clients. E-consultancy states that upselling is up to twenty times more practical than cross-selling, so you must always include visual and textual strategies to grant customers a choice to improve their purchase.
4. Implement a solid email marketing strategy
The obvious next step to assembling an email list is to create it as an integral part of your marketing strategy.
You could favor sending the identical weekly newsletter to each subscriber, but that isn’t the most effective way to get the foremost out of your list since that information won’t be as relevant to all or any of your audience.
Instead, segment your audience in step with their personal actions — what variety of products have they purchased from you? What are their preferences when it involves receiving email promotions from you?
You can implement the personalization and more using your email list provider. for example, when asking visitors to substantiate their subscription, you may add checkbox options to induce a concept of:
- Some category of products they like from your store
- What kinds of promotions they’re curious about hearing about?
- How they heard about your store
When you segment your subscriber list, you’ll be able to send newsletters and promotions that are more relevant to every person. With personalization, your audience is more likely to interact together with your brand and remain subscribed.
Here is a complete guide on e-mail marketing that might help you.
5. Optimize your store for mobile
People love shopping on their phones, which trend is on the increase. Statista estimates that 44.7% of people’s e-commerce sales in 2019 will happen on mobile, compared to 39.6% in 2018.
But you will be surprised to be told that while people are shopping on mobile, they’re not buying! Last year, desktop conversion rates were at 3.91%, while mobile conversions are at 1.61%. Uh oh! So what does this mean exactly?
Ecommerce store visitors are using their mobile devices to buy, but not enough stores are providing a frictionless mobile experience that’s optimized for conversions. Many sales opportunities are lost due to this.
If you wish for more sales, make your website user-friendly for all platforms. Also, don’t forget to optimize your pop-ups for mobile, too!
6. Use SEO plugins
Optimizing your e-Commerce Website for search engines will increase your organic traffic, especially if you manage to rank on the primary page of Google for a given keyword.
And who doesn’t love free traffic?
If you’re tempted to run away at the mention of SEO, I buy it — SEO could be a beast to tackle in and of itself.
But SEO for e-commerce stores isn’t really that time-consuming, and you’ll select from several great plugins to simplify the method. Some are paid and a few are free but ultimately, these plugins are mostly affordable and can provide an excellent ROI when they want to their maximum potential.
Think of it this manner — whenever someone lands on your website via an organic search, you’re saving on paid promotions.
If you’re a whole newbie and wish guidance, here is a detailed article to assist you to optimize your Shopify store for SEO step by step.
7. Minimize cart abandonment
Every e-commerce store owner has had this happen: you get a notification saying that somebody filled up a cart with goodies from your store.
You get all excited about the hefty sale coming your way and begin thinking that things are finally taking a turn for the higher. But your visitor will suddenly abandon their cart without finalizing the sale. Aww, shucks.
This probably happens more often than you’d like and should leave you feeling helpless. But there are effortless ways to reduce cart abandonment.
For instance, exit-intent pop-ups can make your visitor consider before clicking that ‘x’ button on your store’s tab.
You can check out these strategies to reduce your shopping cart abandonment rate.
8. Use Brilliant Product Descriptions
So how does one make product descriptions that make the sale?
First, think about it as writing to 1 one that completely embodies the buyer’s persona.
What are this person’s hobbies? What are their interests?
These are a number of the questions that you simply should answer to understand the tone of writing that you simply should use. Do you have to be funny and conversational or do you have to be business-like and direct? This may depend upon what your buyer finds engaging. MailChimp has come up with an orientate using the correct voice and tone betting on your users’ needs.
Next, target the format. Research suggests that users only scan words on websites and infrequently read the whole page content. This implies that you just should make your product descriptions easy to read. Use subheadings, bullet points, large, readable fonts, and plenty of white, uncluttered space which will make reading a breeze.
9. Use Product Reviews to Your Advantage
A shopper knows that he needs your product but he’s a touch skeptical. Now he looks at another website and feels better about purchasing your competitor’s product.
This is a standard scenario in online shopping. This might be avoided if you used item numbers 3 (product description) and 5 (great photo) and if you had product reviews on the page.
Product reviews are social proof for the item or the service works. A hesitant buyer who wants to buy can read product reviews and immediately be converted. So how does one get customers to review your products?
Web Design Jacksonville experts teach us ways how we could gather reviews:
- Put a many thanks note within the delivery package plus the link to your review page.
- Offer a big amount of money or store credit as a gift for lucky customer reviews.
- Send an email to your customers after purchase to ask them to review their items. to stop a 1-star or 2-star review from making it online, include a sign that they will contact for complaints and concerns.
If a nasty review makes it on your page, address the review properly and promptly. If the rest, you may be displaying excellent customer service.
10. Sell More with Personalization
We all prefer it when the barista in our favorite cafe knows what we would like even before we are saying it. It’s a plus too if they will recommend a pastry to travel with our drink.
That’s how it works with online selling too. Statistics also show that 10-30% of revenues come from product recommendations.
To do this effectively, choose the features that you just would love to target in upselling. Is it a further functionality or a more robust material for a rather higher price? Use the data from customers’ previous purchases and searches to strengthen your up-selling, add-on sales, and cross-selling strategies.
Web design Jacksonville experts provide an insightful tip on cross-selling: Follow the rule of 25. Making recommendations within 25% of the customer’s total purchase. Any upsell or cross-sell beyond 25% of the worth will bump into the user as ridiculous. Also, keep your recommendations to a minimum too.
Together is better! The more strategic actions you add; the higher e-commerce sales you’ll achieve. But it’s essential that you simply study your weaknesses and choose the foremost convenient strategies for every stage. There you have it — 10 tactics that may boost your e-commerce sales without burning you out. On their own, each of those tactics is kind of effective. However, when implemented together, they’re an explosive charge for your e-commerce sales.
Try implementing only 1 of those tactics today advises theWebsite Design Company — you’ll be able to measure the difference in sales and see what all of those techniques could do for you over time.
The journey of an entrepreneur, an explorer looking to shape his own destiny, maybe a deadly one and sometimes fruitless.
However, seek guidance and wisdom from fellow entrepreneurial adventures to set yourself up for fulfillment. Take the tactics and methods outlined above from successful entrepreneurs to assist you to increase your e-commerce sales and keep your business growing so you’ll be able to succeed.