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Do you have an ecommerce store and aren't in the green?
Or are you thinking about starting an ecommerce store, there are many things that you need to plan for before running a successful company, from your product and prices to marketing your store on social media platforms.
On many occasions, we at AdepsSmiths seem to experience that the “bigger the better” approach does not work for ecommerce. That is why we determined 7 common mistakes made by entrepreneurs who wish to start a business.
Lack of Product Strategy
Missed Opportunities Because Of Weak Content
Non-Targeted Marketing Efforts
Design Overwork
Complicated Checkout Process
Bad Customer Service
Hidden and High Shipping Rates
Poor Site Security
It's important to put as much effort into your marketing efforts as you would if you were launching a physical store. You should focus on building a core audience and targeting mobile-first audiences. Leverage existing services that are already in place such as social media platforms and email list management tools. Get leads for low overhead by focusing on content creation and creating email newsletters with high open rates.
Don't forget about distribution channels! A lot of ecommerce sites focus too much on the product being sold at the expense of getting their products in front of potential customers. It's important to pick the right distribution channels so that your product gets seen by the right people at the right time. Here are the top five reasons why 30% of ecommerce stores fail at startup stage:
1. Lack of Product Strategy: The product strategy is the heart of a business and without one, you can't expect to make sales or keep customers happy. It's important to have a clear understanding of your target market and the kinds of products they are looking for before you start selling online so that you don't waste time chasing down products that aren't relevant to your audience.
2. Missed Opportunities Because Of Weak Content: Don't get me wrong—you need content on your site if you want people to come back over and over again, but it has to be good content! If you're producing content that doesn't resonate with your audience (or worse, using outdated information), then people will likely stop spending time on your site once they've seen all there is to see for their needs. This means less sales means less money for your business!
3. Weak Search Ranking: In today's world, search engines are a huge deal. They're how people find out about your business and connect with you. And if you have weak search ranking in Google, your business isn't going to do well.
Search engines are used by millions of people every day to find the information they need. It's not just about finding what you need; it's also about finding it quickly. Search engines are designed to help people find what they're looking for as quickly as possible—and that means that when users search for something on Google, they expect to see lots of relevant results from other websites that provide that information.
But if a website doesn't rank highly in Google searches, then those users won't see any of those results at all. Instead, they'll be shown results like "How to make pancakes" or "How to cook a steak"—and then they'll get frustrated because they don't know where else to go next.
The good news is that optimizing your search engine ranking isn't expensive or difficult—and it can have a big impact on your business' success!
4. Non-targeted marketing efforts: You can't just put your product in front of everyone and expect to succeed. You need to know who will be interested in buying it and then go after them specifically. In order to ensure your business is successful, it's important to have a clear vision of who exactly you're trying to reach with your product or service. If you don't have a clear idea of what your ideal customer looks like, then chances are they won't find themselves in your audience profile either! The average ecommerce store is run by a single person, and they spend more time on their own business than they do on helping the company grow.
Ecommerce stores must have a clear strategy that will help them build a successful business, but many don't take the time to develop one. They try to get as many customers as possible with no thought given to where those customers are or what kind of experience they want from their site.
If you're not going after the right audience, your store is destined for failure. There's just no way around it. And if you have a lot of trouble figuring out who your audience is, you may as well give up now and start a shoe store or something.
5. Design overwork: You need to create a store that looks great, but you also need to design a process for how customers will navigate through it and find what they want. If you don't like how your store looks or feels, then you won't be able to market it effectively, which can lead to failure. There's no need to overload yourself with design work at this stage—you have enough on your plate already! Make sure that every aspect of the look of your store is primed for success by putting in some serious effort into SEO optimization and making sure images are optimized for mobile devices as well as desktop browsers. Ecommerce stores often have too much design work to do before they can launch their site.
This is because designers often create multiple variations of their designs so that there is something for every possible audience. The problem is that this approach can lead to confusion among visitors and make it difficult for them to find what they need quickly.
Your design doesn't have to be perfect, but it should be good enough to make sure that customers can find what they're looking for quickly and easily—and that they don't get lost on their way through the site.
6. Complicated checkout process: Customers don't want to wait around forever for their purchases, so make sure there isn't an overly complicated process that brings up questions about what they're doing on the site (i.e., "What is this?"). Your customers will want an easy process when buying from you; however, if their checkout process is too complicated or too confusing, then they might just leave without buying anything at all! Many ecommerce stores have complicated checkout processes that require visitors to complete several steps before they get their order processed. This makes it difficult for new customers who aren't familiar with these processes.
The checkout process is a huge part of the customer experience online because it's where many people make their decisions about whether or not to buy something from you (and whether or not they'll recommend your brand to others). If it takes them ages to figure out how to make a purchase, they're probably not going to spend any money with you at all!
7. Bad customer service: This is something we've all experienced as shoppers—you have questions about something, but no one knows how to help you until someone else comes along with answers—and it's frustrating! If customers aren't happy with their experience with your business then they likely won't.
If you can't meet the needs of your customers, then you won't have a business. In fact, we'd go so far as to say that if your customer service is bad enough that people don't want to return, then they'll never come back.
For example, let's say that you're an ecommerce store owner and you're trying to get someone else's product listed on your site. If the process isn't easy or painless for customers, then they'll just keep looking around until they find something that makes sense for them—and maybe even go somewhere else entirely. Bad customer service will kill any chance at success for your store.
In the beginning, your focus should be on building a strong brand, creating a great experience for customers, and attracting more traffic. If you're not as focused on customer service as on these other aspects of running an ecommerce store, then you're going to miss out on important opportunities to build up your reputation and grow an audience.
8. Hidden and High Shipping RatesShipping costs can be a major issue for new businesses, especially if they don't have the necessary infrastructure in place yet—and even if they do have it in place, there's still no guarantee that their rates will be competitive enough for customers who are looking for low shipping costs without sacrificing quality or service. This is why it's so important to have a clear pricing strategy from day one (even if it's just based on what kind of items you're selling), so that customers know exactly what they'll pay for every type of order they make!
Shipping rates will always be one of the biggest expenses for any ecommerce store. While some might argue that shipping should be included in the price of goods or services as opposed to being added separately, there's no denying that shipping is an unavoidable cost for any online retailer—and it's important to factor it into your overall profitability equation when calculating how much profit per sale you'll make from each product sold through your site (which we highly recommend doing!).
If your website is poorly designed, it could have a huge impact on your ecommerce business. If you don’t believe us, just look to the stats:
-40% of online shoppers will abandon a website if they encounter poor design and functionality. (1)
-39% of consumers say that poor design is a turnoff when shopping online. (2)
-The average ecommerce conversion rate for sites with clean, well-designed websites is 7.4%. The average rate for sites with cluttered, poorly designed sites is 3.8%. (3)
That means that if you want to sell more products online, you need to make sure your website design is top notch!
The impact of a poorly designed website on your ecommerce business is significant.
A poorly designed website will leave you with low conversion rates and decreasing sales…
That means that if you want to sell more products online, you need to make sure your website design is top notch!
The impact of a poorly designed website on your ecommerce business is significant.
A poorly designed website will leave you with low conversion rates and fewer sales. A poorly designed website can also make it difficult for customers to find what they are looking for and leave them feeling frustrated, confused, and frustrated with the business.
The way that a poorly designed website affects your ecommerce business is by lowering your conversion rates and decreasing sales numbers. Conversion rates are the percentage of visitors to a website that convert into buyers. If you have a good conversion rate, it means that more people who visit your site are buying from you. If you have a bad conversion rate, it means that fewer people who visit your site are buying from you.
If someone visits your site and doesn't know what they're looking for or get lost in the layout of the page then they're not going to buy anything from you because they don't feel like they were able to find what they were looking for or didn't feel like they had enough information about what was being sold on the page before making a purchase decision.
They'll just leave and go somewhere else where they feel like their needs are better met by an ecommerce site design that matches their expectations better than yours does!
As an ecommerce business owner, you have a lot of things on your plate. You have to manage your inventory, keep track of orders, and make sure that everything is running smoothly. It can be easy to take a shortcut with your website design and let someone else handle it for you. But is this really the best strategy?
The truth is that a poorly designed website can cause serious problems for your business. If the design isn't attractive or easy to navigate, then customers might not even bother visiting the site at all. If they do visit the site and find it difficult to use, then they may leave before making any purchases—even if they were interested in buying from you in the first place!
The bottom line is: if your website isn't up to par with other ecommerce sites out there, then you're losing out on potential sales every day. So what can you do about it?
When choosing a designer for your ecommerce website, make sure that they have experience working with ecommerce stores before so that they know exactly what works and what doesn't work when designing for them specifically such as using colors schemes specific for their industry or using images that represent their brand
It's important to remember that your website is not just an online store—it's also a marketing tool. If it doesn't look professional, if it doesn't communicate clearly, or if it doesn't make your brand memorable, then you're missing out on opportunities to generate sales.
Additionally, the people who manage your ecommerce business are also responsible for managing your website. If they aren't skilled in this area, they may not be able to take advantage of all the benefits that come with having a professional site.
And yes: some companies have taken matters into their own hands and designed their own ecommerce websites. This is something we recommend against—if you're not already an expert in design, it's unlikely that you'll be able to create a site that will do justice both to your brand and the visitors who visit it. We at Adeps Smiths will be Glad To Help.
Everyone has something they can sell, whether it is a service, a good, or some important knowledge.
However, gaining clients and increasing sales from that service, item, or piece of knowledge are the only ways a business can prosper.
However, you can't just sit back and hope that someone would come across your product and buy it.
Sales growth is the outcome of carefully thought-out sales tactics that are designed and put into action. You can either expand the quantity of people you sell to, better the product you sell, enhance your messaging, or do all of the above to increase sales.
You can significantly increase sales if you can even slightly enhance each step of your sales process.
SEO is a critical necessity for e-commerce websites. Your products need to rank higher than your competitors, and they need to display the right way so potential customers can find the products they need in the SERPs and choose your site to click on.
By completely optimizing your website for search engines, you'll be increasing your opportunities to rise in organic rankings and drive more traffic to your site. Traditional SEO articles and blog posts can also bring in more viewers; just make sure it's easy to navigate from them to the specific product pages.
For full Search Engine Optimization for your eCommerce store, landing pages and websites, Contact Us Now For Free Consultation and get an extra care for yourself. We'd be Glad To See You At The Inbox Section Soon
Here at Adeps Smiths, we specialize in helping for online retailers by building and growing their brand as well as converting their customers into loyal customers through our customized marketing strategy.
With your permission we'd like to ask you few questions about your business, so that we can help you better understand your needs, and how Adeps Smiths can help you with them. Our early bird offer ends on 30th October, and after that our prices go up by 20%. Give us 30 minutes of your time and let's explore how we can help with increase traffic, email open rates, customer lifetime value etc.
These days, dropshipping is very common; many Shopify merchants and e-commerce companies profit greatly from it. The best benefit is that your inventory won't be under any pressure.
With the help of the dropshipping business model, entrepreneurs can outsource the manufacturing of the goods they plan to sell online.
Finding vendors whose goods are identical to or comparable to those in your niche is all that is required. After that, upload your new SKU and watch for orders to come in.
The following steps can be used to summarize the dropshipping business:
Step 1: Customers order something from your shop.
Step 2: Your Shopify store automatically notifies your dropshipping supplier of the order information.
Step 3: The order, including packaging and labeling, is handled by your dropshipping supplier (if necessary.)
Step 4: The order is delivered to the customer by your dropshipping supplier.
Now that you are aware of what Shopify is all about, are you interested in learning how to build your dropshipping business to stand out from the competition ? Contact us right away for a free consultation:
Racking up abandoned shopping carts is a common problem found in 99% of e-commerce stores. In 2014, the average retailer lost close to 7.5% of revenue due to abandoned shopping cart. This means that e-Commerce websites lose about $4,000 of potential sales monthly for every 100,000 visitors. And this number does not include the money spent on attracting new customers. And of course there is no guarantee that the customer will convert on the second or third visit.
Racking up abandoned shopping carts is a common problem found in 99% of e-commerce stores. In 2014, the average retailer lost close to 7.5% of revenue due to abandoned shopping cart. This means that e-Commerce websites lose about $4,000 of potential sales monthly for every 100,000 visitors. And this number does not include the money spent on attracting new customers. And of course there is no guarantee that the customer will convert on the second or third visit.
We'd like to explain our top tips how to reduce your shopping cart abandonment rates and increase ROI on marketing efforts.
Not only is it the place most of your potential customers are, but if you're not there, you're losing valuable visibility among potential buyers and missing out on potential profits.
Regardless of the industry, a company's internet presence can significantly affect how successful it is. Some companies today are still unaware that the bulk of their clients will visit their website prior to completing a purchase.
For producing more income, having a good online presence—especially a website—can make all the difference. Yes, the caliber of your website affects results, but the point of this post is to emphasize how crucial it is to have one.
I've assisted countless businesses of all sizes in developing their online presences. Sometimes businesses are hesitant to get online because they believe they lack the technical know-how and website management skills. Sometimes businesses are worried about cost.
Credibility
Without a website, customers could doubt your company's validity. Having a website gives you the chance to make a fantastic first impression and reassure potential customers that you are a legitimate company.
Brand
One of the most crucial things you can do is present your brand to potential buyers.
Leads
The possibility of increasing your possibilities of generating leads is possibly one of the most appealing arguments in favor of having a website for your company.
Natural Traffic
If you are online and have a website that is optimized for SEO, you may appear in Google search results. This implies that there is a possibility that your website will appear in the search results when people are looking for a certain good or service.
Time-saving and customer service
Many companies receive calls from potential or current clients that have straightforward inquiries about the location and operating hours. When you don't return a call, the client is not satisfied. Additionally, calls can prevent your employees from concentrating on the most crucial aspects of your company. These calls can be cut down, and internal productivity can go up. Additionally, it enables users to find pertinent information without having to contact, which enhances their overall user experience.
Announcements And Updates
It's simple to upload updates and notifications to your customers because your website is available around-the-clock. It serves as a tool to inform them of all you are doing. When something is especially pertinent to them, the likelihood to upsell them gets eeasy
Online Marketing
You'll probably want to drive traffic to a website or landing page if you intend to use digital marketing to boost leads and expand your business. Utilize historical website traffic to efficiently accomplish this, target the most qualified clients, and maximize the return on your advertising investment. Since this cannot be set up after the fact, it is better to launch your website as soon as possible, even if you have no immediate plans to run advertisements.
Nowadays, websites are crucial to doing business. If you don't already have one, I highly advise doing so. The most important thing is to begin. You can make improvements afterwards. Need help setting up A top Notch Website ? Don't hesitate to drop us a message for free Consultation