Internet has changed the way now we do business. With the rising trend of smartphone users, online shopping can be done from anywhere with just few clicks. Your customers may search for a specific product online, but they may not know that you have it in your online store. You should make people know about your offerings. In the competitive industry, where everyone is fighting to grab the market share, what an e commerce business should do to survive? The answer will be: choose the right ecommerce strategy and market. In this ever increasing competitive world, for keeping stability in business, you have to aim for the right opportunity.
Making a complete digital marketing strategy is the core of all business. Almost 90% of the total internet users use search engines to find out information and these have the huge capacity to drive traffic to your website. Still very few entrepreneurs know the basic rules to tap into this resource. Proper SEO, engagement in social media channels, webpages with rich content, PR, Pay Per Click advertising are some of the major factors to be considered to get a good traffic on your website.
According to Mary Meeker’s 2014 Internet Trends report, because of the growth of smart phone usage over the past few years, now, 30% of the total mobile users are smartphone users. All of us know that, as a part of the larger retail and commerce industry, e commerce is growing fast but do you that m commerce is growing at an even faster rate? If you fail to provide mobile friendly shopping experience to your customers, then you are missing something for sure. It will be a disadvantage for your business as well.
Source: Google Mobile Ads Blog
The majority of the e commerce business is also sufferingmainly because of the inability to offer real customer service in the online stores. Most of the online stores leave visitors alone to figure out products or services by themselves, which experiences like walking to an empty store without any sales person. One solution for this could be adding live chat to the e commerce website. It specializes in offering real-time assistance to the website visitors and thus drawing most of the revenues by selling products to them.
If you own an online store and want to be differentiated amongst your competitors, here’s the 10 ecommerce business ideas which you should keep in mind:
1. Deal with shopping cart abandonment
Shopping cart abandonment signifies the loss of a customer who was going through the check- out process to buy products in an online store. There are several reasons due to which many people leave the shopping cart, some of them are:
- In case you are offering the same product which your competitors also offer, people will choose based on the price
- High shipping and delivery charges
- Hassle: If you ask for too much info/ forced registration
- Doubts like, “Will it fit me? “or “Can I return the product and get refund” etc
- Your website is too slow
So what will be the solution? Use live chat’s ‘Proactive Chat’ feature to engage with them proactively. It enables you to offer assistance at the right time and stop themfrom abandoning your website.
2. Offer instant assistance
People come to your website and may get confused with your products and offerings. Worried?
Add live chat solution to your website and start chatting with them to solve their queries. Live chat offers ‘Analytics’ feature which helps you to know your website visitor’s geographic location, IP address, country, past visits, etc. So now you can start personalizing chat sessions with them in their own way.
3. Be prompt
Implementing live chat assistance in your website’s checkout page will certainly bring great improvements in the sales conversion rates. At the buying stage, you want all your eggs to remain in your basket. If an egg jumps out with doubts like related to your delivery or refund policies, it can be caught and consolidated with the help of live chat. Traditional support solutions like email or phone are not applicable in this context because of the high response time and they also include a media-switch which may lead to cart abandonment of the buyer.
4. Compete on customer service
In some cases, you may have a better set of product features than what your competitors offer, but you will find it very tough to tell your clients about the difference. So in that case,competing on customer service is often the best way to win. Add live chat and enable your customers to chat with your agents whenever they need any assistance. Your excellent customer service may turn the game and make your brand most popular amongst all of your competitors.
5. Attractive product images and description
One single thing that would be considered for selling a product online is images. It also would not work vice versa if you design your e commerce website with images but no product description. Don’t forget that people want to see it before they buy. One of the main ingredients of increasing e commerce conversion rate is having high quality images of your products with description. Display your products from different angles and make them zoomable.
6. Offer multiple payment options
Seems good? But it has two issues:
• Because of the credit card info scandals, some people avoid using credit cards for online transactions (especially on a new website they are first time buying)
• As per the 2009 survey on 2000 online British adults, commissioned by Click and Buy, a leading internet payment system, 50% of those who regularly shop online said that if their preferred payment method is not available, they will cancel the purchase.
So, adding payment options like PayPal or Amazon payments, and COD (Cash on Delivery) mode makes you win over at least some of the customers you would lose otherwise.
7. Increase the trust for your business
Suppose you are not as big and popular as Amazon and you also don’t have the 6 digit budget at your hand for your ecommerce business strategy, monthly marketing and website development expenses.
Now, is it still possible to build trust and accumulate a loyal client base? Yes, it’s possible!
Start building strong and meaningful relationship with your clients. Be it a small or medium size online business, live chat will help you to take on the role of a friendly salesperson. It enables you to give a face to your online store and provide it with a sales person who can vow for your products and services.
8. Make your employees the product experts
When all of your employees will act as support, your customers will get their questions answered promptly.So make each one of your employees, the PRODUCT EXPERT.
9. Build an App World for your customers
According to a research, conducted by comScore’s Media-Metrix® Multi-Platform, “Consumers spend 51% of their digital time using apps as compared to mobile web at 9%.” So, an e commerce enabled mobile app is very necessary to offer your customers a top-tier purchasing experience. Without it, you are surely going to lose sales. So Opt for it today. Apart from that, as mobile is becoming more popular, you should also make an effort to make sure that your e commerce website is also mobile responsive. As per Google, if your website is not mobile friendly and misconfigured, you may see a drop in your search engine rankings.
10. Deliver what you promised
Your customers don’t want you to do impossible things for them. All your customers want is to get what you promised. So deliver your products on time with a big smile.Don’t make them disappointed. For example, once I ordered a dress from an online shopping site. They promised me to deliver the same with 7 ways. But I did not get that within their promised time. After waiting nearly 2 weeks I cancelled that order and never visited the site. So you see, keeping your promise is very important for customer retention.
In e commerce business, the big giants have a huge advantage over you- They are known. Now they don’t need to fight for trust and security issues like most of the small and medium sized online stores because they have already built their loyal customer base. People are already confident about their products and services.
You still need to go a long way to win customers’ trust. So follow your own e commerce business ideas and try to learn from those big giants. Just don’t copy them.