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Business Startup Ideas E-Commerce Marketing

Online E-commerce Store: 4 Incredibly Powerful Ways to optimize your E-commerce business!

Without a doubt, the pandemic has changed the world operation. Society has changed the way in distinct ways due to Covid-19, and companies and businesses too joined in. And as the pandemic continues, be it a small or a large organization, all the companies have pivoted to online sales to not only survive and break through the challenges but also to keep their employees and customers safe.

According to a report by India Brand Equity Foundation, ‘the Indian E-commerce market is expected to grow to US$ 200 billion by 2026 which was US$ 38.5 billion in 2017.’

Entrepreneurs who are willing to embrace this change and prepping up to align with the dynamic market trends need to understand that it takes more than a digital storefront to create a successful E-commerce business. Unless every single visitor that comes to your website makes a purchase, there is always a scope for your improvement, and E-commerce optimization could be the key.

With the increase in internet and smartphone penetration, the number of internet users in India significantly risen to 760 million. These statistics have opened wonderful opportunities for those who know how to optimize their E-commerce business.

So how can you optimize your e-commerce business to boost sales?

Here are 3 effective ways that will give guaranteed increase your E-commerce conversion rate:

1. Make Remarkable Product Pages

Your product is what you are trying to sell, right? So, your primary step should be to create product pages that are clutter-free and showcase conviction for the visitors to purchase. Always try to keep it simple and easy to navigate for users, as the users tend to lose interest in sites that do not have an attractive and easy-to-navigate interface.

Don`t believe us, but the statistics, according to which 38% of people find websites with uninteresting content and layouts unattractive and will stop engaging. Result? Drop-in sales.

a). Product Placements– Try to make your business website as simple as you can. Place your products on both the hierarchy and history (where people have visited the site). You can also give your products catchy and SEO-friendly titles. This will help your website pages to rank in Google search and will bring more visitors to your website.

b). Product Images– Work on your product images too. The images of your products can encourage customers to purchase them. Include pictures of your product taken from different angles to give customers a good view of the product they are interested in.

c). Product Descriptions- A well-written product description gives all the necessary details that will help shoppers to see how the respective product will add value to their lives. At least, the best ones do!

2. Bring your Product Pricing on Point

It is essential to get your pricing right, or else no shopper will buy. There are few brilliant ways to do it. Here are the best three:

a). Place Two Products together- Did you know that placing two products side-by-side can increase the sales for lower-priced products? If you have a product that is not in demand and have fewer sales then you can put a premium version side-by-side. This will divert customer`s attention towards the lower-priced item and will double up your sales.

b). Have a clear CTA- Want more shoppers to buy your products? Then you have got to direct them to do so. This is why it is essential to have a clear ‘call-to-action that uses action, words and creates urgency amidst the customers to take immediate action.

c). Reduce Analysis Paralysis- ‘Analysis Paralysis’ is a term that describes the pattern of overthinking and overanalyzing that causes decision-making to become paralyzed. This happens on an e-commerce platform very frequently. With overwhelming choices to choose from, a visitor can get confused. Hence, it is best to keep the copy short and highlight the preferred option to reduce on the pricing page.

3. Win your Customers with Personalization

In this busy world, where people are always up to something, they hate seeing irrelevant content.

A report by Gartner says good personalization can increase profits by 15%. Hence, personalization can help shoppers to go directly to what they are looking for. Display relevant results, personalized offers, and content to your consumers in which they are truly interested. For instance, if a person is looking for a psychology book, showing him fictional books or mythological characters will not help him or her in any way.

This will result in losing a potential customer, who might decide never to visit your website again. Hence, use the data that you already have from the web and social analytics that shows who they are, what they like, and what they were looking for on your website.

Even if a visitor leaves your site without purchasing anything, you can send a personalized e-mail to them for your next promotional offers.

4. Optimize for Mobile

According to a survey by Sweor smartphones held a 63% share of all retail website visits. Hence, this is one E-commerce optimization that no online business store can afford to skip. Today, people use mobile devices than desktops. It is also one of the most vital channels for researching products and services.

Optimize your page titles and descriptions for mobile search. You can also integrate the voice search feature as well. You need to have a marketing strategy to build campaigns that will attract more visitors to your website and can increase boost conversion by 150%.

Today, users are keen to do online shopping and get products delivered to their doorstep. Hence, the E-commerce business has a brilliant future in India, and this trend is going to stay now!

If you want to start your E-commerce store or already have one, you can learn from premium quality of business courses provided by one of the best business consultants in India– Bada Bubsiness.

To know more, click here: https://www.badabusiness.com/psc?ref_code=ArticlesLeads

 

 

 

 

Categories
Sales

5 E-commerce Conversion rate Tips that will double your Sales

Whether you are an entrepreneur, solopreneur, or a businessman looking to boost sales through e-commerce websites, welcome to the real world of real challenges! Where having a business website appears all breezy, let us tell you the truth- a lot goes into designing, building, and launching an e-commerce website.

Though you may feel that your job ends there, the matter of fact is that your real task of attracting customers to your website begins right from that point. Not just that, you would also want your customers to buy your products.

Whether you are an entrepreneur who is just starting up, a solopreneur who is running the whole show yourself, an e-commerce manager, or a marketing director who has some massive goals to hit and KPIs to achieve, this theory applies to everyone.

In an increasingly competitive digital world of buying, when it comes to encouraging customers buying behavior, there are some critical dos and don`ts.

If you are planning to build, expand, and increase your business revenue, a good conversion rate is necessary.

So what is an e-commerce conversion rate?

The percentage of your visitors that land on your website and completes the desired action by purchasing your product or subscribing to your service, this whole act is defined as the conversion rate. The average e-commerce conversion rates are 1%-2%.

However, even if you have smart strategies and doing everything right, the conversion rate will turn around 2% of the time.

But how can you improve and double up your conversion rate? Here are 5 amazing tips that will help you double your e-commerce sales:

  1. Persuasive Website Design

A visually appealing website is the first step towards doubling your conversion rates. If your business website is not designed in a manner that keeps users engaged and to move forward with call-to-action, then nothing else will work out.

Visual persuasiveness is essential to pull your visitors! Hence, create a website that is simple, organized, and offers an interactive user experience.

  1. Need for Speed

No, we are not talking about the super-popular game! There are only a few things in the world that are more frustrating than waiting for a website.

According to Google Marketing Platform a slow website that takes more than two seconds to loads, can make you lose around 53% of your customers. Even a delay of a single second in website loading can result in a 7% reduction in customers.

  1. Check your Hosting Plan

If your site offers distinct hosting levels, always ensure that you have subscribed for the highest performing version. The extra money that you will spend on a hosting plan for your e-commerce website will be worth it if it helps you to boost your conversion rate.

  1. Use Optimize Images

No excuses! Why? Because optimized images can help to increase the number of visitors to your website. Many tools are available online and you can opt for both free and paid tools. Always ensure that your images are not killing your website`s performance.

  1. Pay attention to SEO & CRO

Search Engine Optimization (SEO) & e-commerce websites are like best friends! SEO can increase both traffic & conversion on an e-commerce website. While SEO optimizes content for search engines to rank your website higher, CRO (Conversion rate optimization) optimizes content for customers and users to drive them to finish the call-to-action.

If you are looking to double up your conversion rates, each of the bullets above is worth a guide all their own. However, there are more creative ways to attract and engage your customers on your website and make them buy your products or services.

Learn more with our Everything About Entrepreneurship Program that will boost your sales. Increase your conversion rate by 2X now! Click here: https://www.badabusiness.com/?ref_code=ArticlesLeads

Categories
Startup

Festive Season 2020 Sees Around 40% Rise in E-commerce Volumes Amid COVID-19 Pandemic, Growth Similar to Last Year

New Delhi, November 26: We have seen how COVID-19 has been a major roadblock to every category this year. The world saw the adoption of online technology and sales amid the coronavirus outbreak. A report by financial services major, Bernstein said that the festive season has seen a 30 to 40 percent growth in e-commerce volumes with overall growth similar to that witnessed last year.

The report further mentioned how in the festive season some categories seeing the strength and some others still down year on year. Another interesting read was that there were no major supply constraints this season suggesting adequate channel re-stocking.

Another interesting trend in the report was that tier 1 and 2 mainly comprised of existing shoppers who are buying more, while Tier 3 and 4 reflected new online shoppers. Apparel (including footwear and sportswear) continued to be the largest category in e-commerce. The number 2 category was filled by consumer electronics like mobiles, laptops and others.

Another positive factor highlighted in the report was that people have been increasingly comfortable buying things online. The sharp reduction in return orders which declined by over 25 per cent, and is a good indicator of increased consumer engagement with the online platform and also reflects the quality of growth.

Categories
E-Commerce MSME

Flipkart Wholesale Expands Operations to 12 New Cities to Help Digitally Transform Retails, Kiranas, MSMEs

Bengaluru, September 25: E-Commerce firm Flipkart Wholesale on Thursday said that it expanded its operations to 12 new cities ahead of the festive season. With this, now the Flipkart will be operational in Ghaziabad, Faridabad, Mysuru, Chandigarh Tricity, Meerut, Agra, Jaipur, Thane-Bhiwandi-Ulhasnagar, Greater Mumbai, Vasai-Virar-Mira-Bhayanadar, Thane (Kalyan-Dombivli) and Thane (Navi Mumbai).

With an aim to digitally transform kiranas and micro, small and medium-sized enterprises (MSMEs) to help them grow faster, Flipkart is mulling to expand the fashion category in these cities. The e-commerce firm is also looking forward to retaining their customers and improve their profitability.

Issuing a statement, Senior Vice President and Head – Flipkart Wholesale — Adarsh Menon — said, “As we enter the festive season, we are excited to be scaling up our offerings across 12 cities, aiming to create more opportunities for MSMEs and Kiranas.” Adding more, he said, “From trendy Jaipuri Kurtis to evergreen Mysuru silk saris, we aim to help small businesses embrace the digital transformation and emerge as more robust businesses.”

Apart from retail, Flipkart Wholesale is also planning to expand into categories such as home and kitchen, and grocery. Through its expansion, Flipkart Wholesale claims customers will have access to easy credit facilities in partnership with leading banks and non-banking financial companies to manage cash flow. Earlier in September, Flipkart had launched Flipkart Wholesale’s operations and stated that the platform was available for fashion retailers, especially footwear and apparel, in Gurugram, Delhi and Bengaluru.

Categories
E-Commerce MSME Startup Strategy

Amazon India Helps Women Entrepreneurs, Artisans and Weavers to Double Their Sales in 10 Weeks Under ‘Stand for Handmade’ Initiative

Bengaluru, September 23: Amid the COVID-19 pandemic, Amazon India came up with ‘Stand for Handmade’ initiative, to help over 10 lakh artisans and weavers and women entrepreneurs. On Monday, the e-commerce portal stated that customers from more than 12,000 pincodes in India purchased a product from the ‘Stand for Handmade’ store front. Due to this, artisans, weavers and women entrepreneurs were helped to double their sales in the 10-week period.

Amazon further added that the ‘Stand for Handmade’ initiative enabled sellers from Amazon Karigar — for weavers and artisans and Amazon Saheli — for women entrepreneurs — to register 3.2 times and 2.1 times growth. Adding more, it said that 32 sellers crossed Rs 1 lakh in sales during the 10-week period while two sellers crossed Rs 1 crore in sales.

Issuing a statement, Director of MSME and Seller Experience at Amazon India — Pranav Bhasin — said, “We are humbled by the response to this initiative as customers from more than 12,000 pincodes purchased a product from the specially-curated store front. With the festive season coming up, we remain focused on helping our sellers further accelerate and grow their business.”

Bhasin added that more than 200 new sellers joined the Karigar programme and benefited from 100 per cent SoA (sell on Amazon) fee waiver. Categories which witnessed the highest overall sales included apparel, grocery and home decor. Also, 508 Sambalpuri weaver families from Orissa were able to seller sarees than could span over 17,738 yards while more than 4,500 Pochampally weavers from 56 villages of Telangana have recovered and were able to resume their handloom weaving business.

Amazon said, “More than 5,200 weavers from Bengal are now back to weaving exquisite weaves on their looms and the lives of 200 Banarasi weavers were positively impacted through sales of handloom Dupattas and Sarees.” It added that more than 8 lakh artisans and weavers from Amazon Karigar program and more than 2.8 lakh women entrepreneurs from Amazon Saheli program benefited from a 100 per cent SoA fee waiver for 10 weeks.