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5 Emerging Trends that will Influence E-Commerce Businesses in 2018

5 Emerging Trends that will Influence E-Commerce Businesses in 2018

5 Emerging Trends that will Influence E-Commerce Businesses in 2018

Setting up an e-commerce store is not just about creating a website, uploading images and descriptions, integrating a payment gateway, and waiting for the customers to come and buy from the store. The times are changing, and you should too. As per Statista, the global retail sales via e-commerce platform will be worth $653 billion by the end of 2018.

E-commerce business is constantly undergoing evolution, just like other industries. One who adapts according to the emerging trends will reap the benefits. Have a look at the latest trends to strategize your e-commerce business strategy.

Shop on Social Media

According to a report on social media, a person had spent 135 minutes daily, on an average, on social media in 2017. This depicts the influence of social media on our lives. The e-commerce businesses can exploit the potential of social media for driving sales via their online stores. The social media platforms like Facebook, Instagram, Pinterest, and others offer a shopping option.

The users can inspect products from their social media accounts, click on desired products, and check out on the e-commerce website. Facebook Shop and Pinterest’s Shop For Look are examples of social media shopping. Whether you opt for paid marketing or showcase products to your followers; social media can be used for boosting e-commerce sales.

Chat Bots

People prefer one-on-one interaction that can impart a personal touch, a customized experience. The probability of sales increases when you personally cater to your audience. You can enable chatbots on your e-commerce store so that anyone can initiate a conversation with the representatives. There are various live chat tools that offer feature-packed services to engage your customers. You can also use Facebook Messenger for conversations. As most of the users are on Facebook, this seems a viable option.

Mobile Shopping

According to eMarketer, mobile e-commerce accounted for 58.9% of sales in 2017. Undoubtedly, this number is expected to grow across all continents. You should strategize your e-commerce business around mobile, be it developing a mobile app, investing in mobile advertising, or installing secure online payment systems.

We have one-click payment systems that simplify payment processing, thereby, rendering a seamless user experience. The ease of payments via mobile is a major driving factor for the increase in mobile shopping trend. Further, as users tend to spend more time on their smartphones and tablets, it becomes obligatory to target mobile audience.

Voice Assistants

Do you that know that 40% millennial rely on voice search when making online purchases on mobile?  As voice search is convenient and more accurate than text-based search, users are opting for voice search. Moreover, mobile users are increasing at an exponential rate and voice search is perfectly aligned with respect to linguistic search. These all factors compel e-commerce business owners to integrate voice search in their online stores.

Google Assistant, Amazon Alexa, Apple Siri, and Microsoft Cortana have made it clear that voice search is the future. Further, voice-based devices like Amazon Echo and Google Home rely on voice search mechanism for solving user’s queries. Optimize your e-commerce business around voice search to harness maximum benefits.

Artificial Intelligence & Machine Learning

Once a buyer visits your store and buys a product or service, you can showcase similar recommendations at the same time or send automated emails regarding same or similar recommendations. Other than this, you can deploy artificial intelligence for showcasing retargeted advertisements on social media and search engines. The voice search and live chatbots work on the same principles of artificial intelligence and machine learning, and there are endless possibilities for engaging with the visitors and increasing your sales if you lay emphasis on these two parameters.

 

With increased digital exposure, e-commerce has tremendous potential. If you can utilize the right tactics at the right time, you can take your online business to the next level. Optimizing according to the latest trends will assist you in preparing for the future. Therefore, you will always be one step ahead and will be able to maximize online sales via your e-commerce store.

All the Traffic but No Sales: 5 Things You Might Be Doing Wrong

All the Traffic but No Sales: 5 Things You Might Be Doing Wrong

Your e-commerce website site is shiny, ready, and that fresh marketing campaign is driving traffic like gangbusters. Newsletters are flying out, and your tweets are picking up tons of action. But, you do not see any pickup in sales.

All that marketing spending is just going in smoke, and it’s got you down.

We get it, and nearly every e-commerce store has been there. Driving traffic was supposed to be the hard part, so what’s gone wrong? Where’s the breakdown?

The bad news is that there are hurdles throughout the process that you might not be clearing. The good news is that you can definitely overcome them. Let’s look at five of the biggest to get you started in matching sales with the new traffic boom.

Getting the Wrong Traffic

Most e-commerce stores believe that traffic is the key. As long as they’re driving eyeballs, then they’re golden. Unfortunately, that’s often not the case because you have to drive the right eyeballs to make a sale. Your traffic must match the content of the site and the offer you provide.

Here are three of the most common disconnects in this space:

  • Targeting the wrong people for your product (right product, wrong people)
  • Sending your target audience to pages or content they aren’t interested in (right people, wrong product)
  • Targeting people not interested in your core offer and sending them to landing pages that don’t focus on your core offer (wrong people, wrong product)

You’ll need to do some customer research to find out who is most likely interested in your products. Start with this data and get as much demographic information as possible. Use that to build your ad campaigns and your social targeting.

Next, review your messaging and sales funnel to ensure that this new audience of people who need your core products are being sent to pages highlighting those products. If you’re sending someone to the wrong stuff, they’re more likely to click back to the page they came from instead of browsing around your site.

Having a Complicated Site

Another big sales killer is a website that’s hard to use. Most office this means it is too complex for the visitor. Complexity hurts in a few ways.

First, it can make your site load slowly. More than one-third of visitors will leave a site if its images don’t load quickly and about half of your audience thinks your site should load in two seconds or less. Second, complicated sites can impact how they display on mobiles. This can harm you if you’re in one of the categories where mobile accounts for at least half of total ecommerce spending.

And the final note about web design is that 75% of your audience will judge your credibility and trustworthiness based on your web design.

When sites get too complicated to use easily, they cut against the engagement and trust required for a sale. Address this by simplifying your website, working to reduce load times, and keeping your product images and “buy” buttons clearly visible toward the top of each page.

Missing Pertinent Product Details

If you were buying a product you’ve never tried before, would you get a small, medium, or large?

We know what you’re thinking: “It depends. Tell me more about the product.”

That’s exactly right. You need a wide range of details to understand any product. Plus, you also need information about why it is a right fit for you and, often in the e-commerce space, if this product is the right style for you too.

Customers who don’t understand your offer or get these details aren’t going to buy.

Approach each one of your products and the pages that host them to see if you’re providing the right details. Here are some of the bases to cover:

  • What problem does the audience have?
  • How does this product solve that?
  • Are the available options able to do that for this particular visitor?
  • What do they need to narrow down the options? (Think size charts, how much liquid a cup holds, etc.)
  • What does it look like? What will this visitor look like or feel like using the product?
  • Why do they want to look/feel like that?
  • How can they easily buy it from you?

These questions will give you the structure to present the customer with an idea about their problem and how you solve it, convincing them that you have the right solution based on how they want to look or feel after the purchase. Everything else is designed to help them make their choice.

The faster you can do this, the better.

No Clear Differentiation

Many e-commerce stores offer a similar selection of products — this is even more true if you’re drop shipping.

Do a quick online search of your business area and specific products to see how your competitors are describing the products and how close their offers are to yours. If you’re one of many talking about products in the same way, or are using the same stock photos, you won’t be creating a clear reason for a visitor to make a purchase from you.

Tell a story that highlights what you like best about the products and match it to your overall personality. Align that with your target market, because it may create a personal connection with a site visitor who would then be more willing to buy.

You need to show brand and product personality to stand out. It can be difficult in the e-commerce space to do that because you’re often working with limited products. However, the design you give your site and the way you talk about your products can go a long way. If you need inspiration on how to feel different, look at websites from the brands themselves. Don’t copy their style but find things you can emulate while adding your own flavor.

No one needs just another bland catalog on the Internet.

Problems at Checkout

The final place to check is your purchase process. Messy, complex, or broken checkout systems are often a cause of failed sales. Again, you want to be as simple and straightforward as possible.

Show users the price of the goods and have their cart follow them throughout. You can indicate expected costs like taxes or add a note to the cart overlay text that says, “plus shipping and handling.” This way there is less of a surprise jump in price when checkout time comes.

If you offer free shipping or have a partner who guarantees speedy ecommerce delivery, then note this information on the page to help customers feel more comfortable with the purchase.

Breaking the process into multiple steps also helps people stick with it, instead of getting overwhelmed by long forms. You can see this practice on most leading e-commerce sites, especially Amazon. Another trick to grab from Amazon is to show product detail summaries on your checkout pages, including things like size, color, and quantity.

One final note to consider is that you might not want to force customers to create an account. Ask for an email to send the receipt, but wait on making them choose a password. You can use the receipt or “thank you” email as a place to ask them to create an account. It reduces the burden and can increase your overall subscription volume too.

Here’s hoping these 5 tips will help you onto the path of greater sales.

All the Traffic but No Sales: 5 Things You Might Be Doing Wrong

About the author

Jake Rheude is the Director of Marketing for Red Stag Fulfillment, an ecommerce fulfillment warehouse that was born out of ecommerce. He has years of experience in ecommerce and business development. In his free time, Jake enjoys reading about business and sharing his own experience with others.

6 Effective Ways to Boost E-Commerce Conversion Rate

6 Effective Ways to Boost E-Commerce Conversion Rate

If you are running your e-commerce business, you don’t just want traffic; you want as many conversions as you can. So how do you actually get the traffic to convert without looking desperate. Here is a list of ways you can use to boost your conversions when your budget is restricted and the year is winding down.

Customizing Checkout Experience

Based on a study conducted by the Baymard Institute, the average cart abandonment rate is 69.89%. If you can optimize checkout experience, you can drastically boost the conversion rate.  There are various options to do so. If the customer plans to exit at the last moment, you can give an exclusive offer like a discount coupon. Ensure that the integrated payment gateway offers enough payment methods to take payments online. In addition to these, let users log in using their social media credentials, and keep the checkout process short and simple.

Make Product Pages Look Better

The website layout plays a crucial role in the user experience, and when it is an online store, product pages must be organized neatly to boost conversions. The most prominent aspect is to include influencing visuals, comprising of images, 360-degree photos, videos, and so on. Adding a countdown, depicting the number of units left of a product, works wonders by instigating visitors to buy at the earliest. Focus on filters so that buyers can streamline products as per their requirements. At the same time, avoid adding too many filters to avoid confusion.

Call-to-Action Prompts

The aim of call-to-action (CTA) is to engage visitors and prompt them to take an action. The simplest way is to add sharing options, ensuring an extended reach of your online store. If the visitor decides to bounce off the website, a popup should emerge showing exciting deals or exclusive discounts or other product options. Placing a floating “Add to Cart” button impels buyers to conveniently add a desired product in the cart, thereby, boosting conversion rate.

Welcome Offers

A new customer or a visitor is a special person because this is the first interaction of yours with the visitor. Be ready with welcome offers such as giving freebies, sign up discounts, and so on. You can also give them a referral code. If they promote or share your online store link with their contacts, they will earn a commission or a gift voucher. One of the most effective strategies is to offer free delivery on the first few orders.

Sell on Marketplaces & Social Media

Other than selling on your e-com store, you can exploit social media platforms for selling products and services. Social media sites like Instagram, Facebook, Pinterest let you add a “Shop” option on your website’s social media page. Once a user clicks on the shop icon, the link redirects to the payment gateway process, allowing the user to check out instantly. And since mobile e-commerce is on an exponential rise, it is wise to expand your presence on social media apps.

Enabling Customer Reviews

Humans are influenced by humans, at least when it comes to online shopping. Enabling reviews and ratings on your store assists in building connections with your visitors. When real humans, not robots, leave genuine reviews, whether positive or negative, buyers become aware of product attributes. This further convinces them to buy. Let customers log in using social media credentials to write a review of their purchase or send them a personalized email asking to write their views.

 

Now we cannot say that a particular strategy will work for you if it has worked for others. It is recommended to continue with A/B testing to identify the right strategy for increasing conversion rate. And this is an ever-going process since the online shopping experience is always evolving.

Quick Secrets to Successful User Onboarding

Quick Secrets to Successful User Onboarding

The rapid development of the e-commerce industry necessitates equally fast adjustments from business owners. One of the most important aspects of an online business is user experience and this is where your business will fail or succeed.  By embracing new technologies, online businesses can now provide a seamless user experience, thus gaining a competitive edge. Online payment platforms are among these critical technologies every online business must embrace in its endeavor for improved UX. If you plan to leverage a new payment platform on your website, it is important to consider user onboarding. This entails increasing the chances that new users become successful when adopting your application. It is the most crucial yet frustrating element of a product launch because it determines the first impression. As they say, first impressions are crucial and for this reason, developers and website owners must learn how to improve user onboarding. This article tackles some crucial things a software developer should consider to help users find new value and success when using their product. Read on.

Why User Onboarding Matters

When thinking of customer retention in e-commerce, most business owners adopt a wait-and-see approach. The idea is to wait for a few weeks after a product launches on the website and start making changes that will hopefully retain users.

  • Sells Your Products Value Proposition

Now, internet users have an infamously short attention span and this is enough reason to develop an intuitive onboarding experience. Such an experience enlightens users in the essentials of the payment solutions system. User onboarding sells your product’s value propositions and helps users experience the benefits as fast as possible thus reducing the possibility of dropping out.

  • Greater Conversions

It is important to appreciate that great conversions are about proving to customers your product’s value and full potential in the product launch and trial. User onboarding is crucial not only in improving the growth rate of users on your e-commerce platform and revenue but also in customer retention.

  • Customer Retention

Customer retention has now emerged as a more important business objective surpassing acquisition. In essence, user onboarding is a chance to create a great first impression. In this case, once the software user installs your product, they expect to get value and that’s what user onboarding is about.

  • Setting the Tone Of Interactions

Remember, the first experience a user has on the software sets the tone for your relationship and determines whether this will be a long-term interaction.

Small Tweaks to Make User Onboarding Work 

While user onboarding remains a nascent aspect of website development, some trendsetters have already charted the way. Some of the little things you can do make your online payment gateway work during the launch phase include:

  1. Setting realistic expectations: Show users where they are in the process of using the payment system and how far they have to go. Through the Endowed Progress Effect, you will motivate them to complete the steps and own the process.
  2. Map User Journeys/Tailor the experience: You need to understand the users’ persona to map their journey when using the product. What are the user’s needs, goals and motivations when using the payment application on your site? Are they worried about the cost? Do they need some education about the product? Try tailoring the product to suit the diverse needs of target users.
  3. Offer a compelling value proposition early: You must communicate the value proposition early enough through a simple, clear description of what makes your payment system unique. Make sure you help the user understand cost implications and benefits of the software early to spur further interest.
  4. Simplify: Simplicity is underrated in website development, yet it makes the difference between a successful system and a failed one. Keep things simple in the free trial form, a name, an email, or a social login such as Google or Facebook will work great for user onboarding.
  5. Choose a specific end goal for your user to reach: Make sure you understand where you want users to end the process and what is to be achieved there. Remember always to put the user’s goals first and not your product’s goals.
  6. Reduce friction: A poor sign-up process can ruin the onboarding. While friction will occur due to questions and permissions, you can reduce it through good interface design. Try to decrease form completion time through online form validation and build trust through customer reviews, and testimonials throughout the process.
  7. Use guided interactions: This educates and familiarizes users with the core features of the software.

These are just a few of the little things you can do when learning how to integrate payment gateway.  It will make the onboarding process successful leading to increased customer retention.

How to Use Customer Feedback for improving User Experience?

How to Use Customer Feedback for improving User Experience?

According to a report by Lee Resource, for every customer who complaints, there are 26 other unhappy customers who have remained silent.

This data shows exactly how important it is to understand what your customers are thinking. The only way you will know that is when you listen to your customers. Once you know what they want you to improve, you can decide how you can do it.

There are numerous ways to collect customer feedbacks, such as surveys, emails, product reviews, analytics reports, and so on. The question is how do you leverage customer feedback data to offer value to the users? Here we discuss ways to utilize customer feedback to derive maximum value and ultimately, enhance user experience and propel the growth of your organization.

Creating customer-oriented Products

Evolving trends and data analytics can give you an insight into what to create for the consumers. But customer feedbacks will provide extensive data like desired features, defects in products, problems with the processes, and so on. As customers are using products and services on a daily basis, they can identify areas that have a scope of improvement. They can give you ideas that you might have skipped in the planning stage. Identify customers who leave detailed and practical feedbacks, and invite them to collaborate and innovate with your team.

Discover New Possibilities

Reading customer feedbacks lets you analyze the demands of the consumers, thereby, instigating you to develop a new range of products and services. The emerging needs of the society compel consumers to ask for more. They discuss their problems and write about ideas or features in the reviews, surveys, and feedback forms. It’s your responsibility to assess available information, have a discussion with the team, and determine the future course of action.

You can also engage with the customers on the community forum, blogs, and ask technically-inclined individuals to review and submit feedback. This is a great way of accumulating crucial information.

Engage with Customers

Customer feedbacks are not just about spearheading innovation and development. You can actually use customer feedbacks to strengthen bonds with your existing and new customers. For example, if customers leave either a positive or a negative feedback on the product listing, engage with them, appreciating them for rendering a positive response and addressing their grievances in case of a negative response. When you engage with the customers, you build trust that will be fruitful for your business in the long run.

Moreover, you can request satisfied customers to refer your products or services to their contacts on social media or by personally communicating with them. This is an excellent technique of mouth publicity to grow your sales.

Addressing Bugs

The research and development wing maybe doing a commendable job when it comes to designing products, releasing updates, and integrating new technologies. But the customer feedback shows the real image when it comes to overall experience with respect to a product or service. For example, if the majority of the customers complain about the payment gateway process, you should dig further and identify the weak areas. Based on reviews, you can learn about the bugs that can be addressed. This will improve the quality and also prevents any blunders in the future.

Building a Roadmap for the Future

If you are a businessperson, you must have a long-term vision to establish your brand. However, your roadmap may not be aligned according to the customer expectations. You have deployed everything to be on the right track. But if customer feedback is not on your list, do it right away. The feedbacks will generate enough data for you to determine and implement the future course of action. Let’s say you are into payment gateway services, and you have got some feedbacks about integrating UPI payments. You can consider this suggestion and incorporate UPI options for taking payments online, a clear sign of product improvement.

 

Your customers are human beings, influenced by emotions. Try to engage with them emotionally to know about their genuine views, ask for ideas and improvements, and enhance their experience. This will establish your credibility, thereby, paving the path for your success.