With the E-commerce market in 20221 being worth over two thousand billion US dollars, this is the best time to get into E-commerce and make some money out of it. However, there are many people who enter into the E-commerce marketing space, and do not really succeed at it, because they do not have a comprehensive plan and marketing strategy to organically bring in customers and build up a loyal customer base. So, it is high time to face the competition, with the right marketing strategies and techniques to build a profitable E-commerce store that works in 2021.
See where you are and determine where you are going
Most e-commerce entrepreneurs live in a vacuum - they do not know what the competition is doing and thereby they cannot do it better. You need to get a head start on your competition right now. See what they are doing, analyze their marketing strategies, compare what you are doing with their results, compare wins and losses. With such information at the tip of your hand, you will be able to see your business with new eyes and develop a winning strategy for your e-commerce business.
2. What is your goal?
Starting an e-commerce business is very easy and can be done for a few hundred dollars. However, with no goal and concrete finish line, your business will go nowhere. With a clear vision, you will be able to scale your business up very quickly.
What is the revenue you want to achieve? And by when? How do you plan on scaling up inventory? Will you look for different suppliers to source products for you at a reduced cost? What are your profit margins right now and how do you want to improve them, and to what level? How much are you looking to spend on marketing and advertising campaigns? What is the most effective marketing strategy in your back pocket now? Where do you see your business in the next five years?
These and many more questions - when answered, will give you a clear vision and path for your business.
3. Make a stand-out website your
Website is your calling card. It can either make or break your chances at succeeding in the business. Most studies show that the design, aesthetic appeal, and informational clarity in your website attract people, and conversely, people are put off by a poorly designed website, as it creates trust issues for them. This is the one area that you must never scrimp on - building a great website that people can easily navigate and find the information that they seek might be a costly affair and should be seen as an investment into the business.
Make sure you use colors that are pleasing to the eye, fonts that are clearly legible and easy to read, and a menu link that is understandable. Also, ensure that your website is compatible and formatted appropriately for mobile devices, as many people browse on their mobile phones and tablets.
For more information contact Austin Stanfel is a digital marketing expert working in the industry for more than 23 years. Austin has built a stellar reputation based on good business ethics, a hunger for knowledge and infinite learning where a strong connection to the latest technology, resources, trends and tools is key to evolving.