Strategies to Generate Revenue

Transcription

1

2 Introduction 2 The Internet is a flourishing industry. With the development in technology people to a greater extent are exposed to internet. Progressively they are learning to make use of the Internet for their day-to-day needs. As a result, Ecommerce websites take a front seat getting out to the billions of people in search of your kind of services or product online. Ecommerce means trading of, either services or goods on the internet. Therefore by having an ecommerce shop you can spur your sales and generate noticeable profits for your company. The key of getting clients to buy online is having an ecommerce website that inspires audience to stay around. Also, if company is unable to put up a good website, then it is likely that your company cannot deliver better services or products.

3 Strategies to Generate Revenue 3 Here, we are going to discuss some of the vital strategies that will help you to generate revenue with your ecommerce store:- Strategy 1 Improve your store design Poor design drives customers away Good design means good first impression It increases usability & user experience Strategy 2 Make an exit offer Exit offer pop-up when customers are about to leave your store By offering discounts & free shipping, you can encourage buyers to shop from your store

4 Use Carefully Strategy 3 is the best channel in online marketing It drives traffic to your store, enhances content marketing and outperforms both Facebook & Twitter for generating sales Keep in touch frequently Strategy 4 It s good for you to keep your customers informed about the status of their orders Send out daily newsletters with deals & discounts to keep your customer involved

5 Strategy 5 Optimize Ad-spending Try to use different keywords, so that you can check which works best for your business Run via small variations in keyword to find out good niche for business Strategy 6 Product Review Matters 61% of customers read product review before buying online This option help buyers to get satisfied that the product offered by you already opt by other customers and are satisfied with it

6 Anticipate Future Sales Strategy 7 List products as out-of-stock with good text and appropriate photo to which items your customers mostly want to buy It facilitates to take order in advance, ship products to your customers once they are ready Up-sell Products Strategy 8 Up-selling is truly effective than cross-selling online Make your up-sells linked to the original products and be thoughtful to the price range of your customers Note: Product up-sell apps provides you the capability to offer a different product during checkout based on the contents of the shopping-cart of your clienteles. Integrate it with your store to sell one or many greater-margin products.

7 Strategy 9 Minimize Cart Abandonment Cart abandonment means that your sales are not as per as it could be recovery campaign is the solution that can attract your customers to return to their cart Strategy 10 Wish-List Reminders Wishlist reminder enables the customer to take the final step and make the purchase Send an to customers that the items selected by them are sold out or it is on sale Wishlist + Reminder facilitates you to customize the look and feel of wish list and remind your customers that there is something in your store that they like

8 Include a Gift Section Strategy 11 Exchanging gifts is has been the interactive glue of human society for thousands of years Selling gift combos or sets can yield higher profit, exclusively when you have a range of selections for your customers to choose from Launch a Facebook Store Strategy 12 Facebook is the leading social media platform in the world. This makes it, a great source of traffic Merchants can sell directly to Facebook users when they launch a Facebook store By owning Facebook store you will interact and communicant with your customers in different way, and of course more social

9 Strategy 13 Engage with Instagram Engage your audience by running contests Expose behind-the-scenes work Make use of pictures of your customers with your items to earn social proof By engaging with Instagram, you get 25% more engagement than other social media platforms Strategy 14 Promote Word-of-mouth Word of mouth have immense influence, as customers trust family & friends more than marketers Build a greater audience by finding power influencers who already have your target audience s attention

10 To Know More 12