How to increase sales on an eCommerce site? We always begin by examining where the business stands today, what their current revenue is, and what their goals are for growth.
Now let’s say the company would like to grow its eCommerce website capabilities and revenue from $3 million to $10 million. First, we’d investigate the feasibility of growing the company to $10 million in revenue and then deliver a plan of execution.
Of course, you should have a well-developed site build by one of the top eCommerce Development Agencies. The second important thing is your marketing strategy.
The best eCommerce marketing strategy focuses on three important goals, and many eCommerce Marketing Agencies know what these goals are:
Today we will talk about how to increase sales in the eCommerce business working with their clients, not only product.
The more prospects your sales team can generate, the higher the chances of closing a sale. Although finding valid prospects for your business can be tedious and time-consuming, doing so can increase your conversion rate and result in more sales victories.
Our approach (and this is the right online marketing strategy for eCommerce websites) is to direct marketing efforts to the places prospective customers focus on. In other words, wherever prospective customers are searching for products or services (or information) like the ones your eCommerce store sells.
Typically, prospects channel the majority of their attention on Google and Amazon. We assess how much demand there is for the products in your category and figure out a competitive strategy to divert that attention to your eCommerce store instead.
This involves competitively positioning your products so that customers will actually find you instead of your competition.
Once a prospect is on your landing or product page, our goal is to ensure that every product page is optimized to the hilt, so it has the highest probability of converting.
And below, you will find 5 simple ways to optimize your eCommerce store, bring in more customers and increase your customer base:
Keep customers updated via email on your current offers and happenings. A free newsletter is an easy way to push seasonal products and remind consumers that you’re only a phone call away.
Hearing feedback from your customers about what your business is doing well and areas that it can improve is a simple tactic to better your business.
Customer service is one of the most important aspects of running a successful company. Make sure to respond to customer inquiries and quickly as possible and offer support for your customers across multiple touchpoints.
Your website is the hub of your business. Make sure you’re taking the time to keep content engaging, new, and relevant to prove yourself as a valuable resource to your customers. Doing so will naturally have a positive impact on your SEO strategy.
Social media is an integral part of your business’ online presence. Keep your profiles fresh and updated with posts, images, and promotions to engage with your audience and continue building your brand.
The next strategy we implement is to increase the number of transactions with the same customer. Typically, our clients achieve 20% to 40% in repeat business. The same customers who bought once will probably buy products in that same category again.
Since you already have many accounts that rely on your services, why not lean into this established relationship and upsell? Upselling accounts means you’re making additional recommendations to the client that result in more sales.
Upsells can also strengthen your relationship with each client and build trust with them. Giving them a personal recommendation isn’t only convenient, but it boosts revenue and acts as a building block toward long-term client happiness.
Another tactic to forge lasting relationships with loyal customers is cross-selling, which means that you use the customer’s current interests or services as a guide to pitching them supplementary goods or services from your business.
Your customer may not be aware of the additional product or service, or they may need a small push to make a purchase. Encouraging them to consider another product or service shows that you’re looking out for their best interest and helps build a stronger client-customer relationship.
As long as the eCommerce store provides great service and delivers great products, the marketing strategy has the desired outcome. But this part falls in the hands of the business owner and/or management team and not the eCommerce marketing agency.
However, what we, the agency, do control is the channel of communications between the eCommerce business and its customer. We ensure that we communicate with those customers as frequently as necessary without pushing the boundary of being annoying.
The primary mode of communication is email. We do follow-up with existing customers when it makes sense and deliver them promotional emails, encouraging them to do more business with the eCommerce store.
We also focus on abandoned shopping carts because we know that people who have visited your website once and put something in the shopping cart have a very high probability of converting later. And we make sure that we follow up with those prospects, usually with promotional offers, even when they don’t provide an email address.
Why are we so adamant about converting these customers? Because our approach is to make a sale to acquire a long-term customer, not acquire a customer to make a single sale.
Our goal is to generate as much repeat business as the market will bear by intelligently following up with existing customers to assure that when the timing is right, they buy more products from our clients.
The third important way in which we help eCommerce stores generate more revenue is by increasing the amount of each transaction.
Some ways are simple and straightforward, like suggesting complementary products or other add-ons, sending follow-up emails after the customer already made a purchase, and so on. But for more expensive, complex products and services, we even train our clients to follow up with customers by phone and ask them whether the product fits, if they are satisfied, etc. This all builds trust and a solid relationship between our client and their customer to ensure that this customer buys more and more from the same place in the future.
Once again, follow-up is critical in building a loyal customer base that keeps on giving you more and more business. So to sum this up again, the primary aims are to:
The close ratio is the number of deals that were closed compared with the number of informal sales quotes that your team sent. For example, if you send 25 quotes in a month and you gained 5 sales as a result, the close ratio is 20 percent.
Measuring this data can provide you with useful insight into the types of deals that close the most. Using this critical information can increase future month’s close ratios and unveil information about the relationship between sales and marketing.
After one of the Top eCommerce Web Design Companies builds you a high-performance website, enlist an expert digital marketing agency to implement the above-mentioned strategies successfully, and your business will grow. It is possible to double or even triple your eCommerce business in a very cost-effective way. Besides that you may also need to choose the right platform for your eCommerce store. There are a lot of opinions, for instance: BigCommerce vs. Shopify – eCommerce Leaders Weigh In.
While you might be deciding which eCommerce web development company to choose, we are happy to announce that Comrade has been ranked among the Top 20 Shopify development companies, so if you work with us, you can be sure that your eCommerce website will actually bring in more business.
If you want to boost revenue from your e-commerce business, you can do it using one of these 4 methods: increase the average transaction size, increase the frequency of transactions per customer, increase the number of customers, and raise your prices.
There are many methods to attract customers to your e-commerce store. Still, the most effective ones include making your website more user-friendly, keeping your customers engaged on social media, and running an e-mail marketing campaign to keep your customers informed about your products, discounts, special offers, etc.
Your e-commerce store may not be selling for many reasons, but most likely because you have either traffic or conversion problems. You may be getting irrelevant traffic, that is, users not interested in your products, or your website is missing crucial user experience elements. The way to fix that is to improve your online store design and optimize your website content or paid ads for the right keywords to get better SEO and PPC results and more conversions.
Do you want a marketing plan that fits your individual needs? Let us craft a strategy that drives results to your company based on your objectives.
Please fill out the form to the right, and we will contact you within one business day for a free initial consultation.
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