Set your ecommerce business for success with these 5 tips
Running an ecommerce business isn’t easy.
You’ll need to invest in the right tools, leverage the best strategies, and even learn some tips and tricks from experts before you start seeing some form of success.
While achieving ecommerce business success can take some time and effort, there are ways to shorten the learning curve so you can see meaningful results sooner than later.
Continue reading to learn five tried and true tips to help you run a successful and, and in turn, profitable ecommerce business.
1. Use a reliable website builder
A critical part of your ecommerce business’s success is your website.
However, creating an ecommerce website can be challenging if you don’t have a lot of web development and coding skills.
You could always work with professional web developers, but if you’re still starting or don’t have the budget, this could get expensive quickly.
The good news is, there is a solution through easy-to-use website builders.
Popular ecommerce tools such as Wix let you build your website quickly and easily with no coding required.
The platform’s Artificial Design Intelligence (ADI) feature can pre-design your website for you based on your product types, preferred layout, and more.
Wix also provides a library of website templates you can easily customize using the platform’s drag-and-drop website editor tool.
To create a stunning and functional online store, you can add the pages, sections, elements, and features you need.
A user-friendly website-builder helps you get your site up and running in no time.
It also makes managing your ecommerce store efficient since you’ll have all the necessary functionalities you need. This includes payment processing and product inventory management tools.
2. Publish compelling content
One of the essential aspects of running a successful ecommerce business is publishing relevant content.
After all, your website content can help you engage your potential customers, drive traffic, and ultimately, help compel visitors into acting on your conversion goals.
Leverage these effective tactics to help you create compelling content.
- Evoke emotions with your headlines. Hitting your target audiences right in the feels is an excellent way for your headlines and content to make an impact.
Draw your potential customers’ attention by leveraging emotional power words into your headlines. This can help spark your audience’s curiosity and compel them into action.
Use the Sharethrough Headline Analyzer to create engaging and compelling headlines.
- Write introductions that hook in your audience. Hook your audiences in from the get-go by writing compelling opening paragraphs. This helps you entice readers to read on and stay on your website.
You can use the Pain, Agitate, Solve (PAS) formula to draw potential customers and spark their interest quickly.
Using the formula should help you identify your reader’s common problem, agitate readers to evoke emotion, and solve the problem with your service or product.
- Avoid using jargon. Using business-specific language can alienate your audience and even cause them to abandon your site altogether.
Use language your target audience will understand to make your content easy-to-read and engaging.
Additionally, streamline creating compelling content by using an editorial calendar. If you use WordPress, use the Strive editorial calendar plugin.
The tool lets you schedule your posts on a content calendar that displays your whole publishing schedule directly on the WordPress dashboard.
This allows you to edit, add, and reschedule your posts easily from one place.
3. Manage your product inventory efficiently
Managing your ecommerce product inventory often takes a lot of work.
After all, you’ll need to find reliable suppliers to fulfill your stock requirements, manage inventory efficiently, and optimize your product categories and descriptions (among others).
Streamline your product inventory control and management with these tips.
- Balance your inventory. Avoid over and understocking by balancing the number of items you need on hand. This helps you keep the right number of supplies based on demand.
- Predict future stock by looking at past purchases. Past purchase patterns help you determine the products that sell fast and stocks that need reducing or boosting. This allows you to anticipate demand and manage your inventory more efficiently.
- Use reliable software. Leverage reliable product management tools such as Jira or Wrike to seamlessly manage your product-related tasks.
This includes managing your product releases and analyzing product data, which impacts your inventory management processes.
4. Create buyer personas
Not targeting specific audiences can be one of the reasons why your brand isn’t generating sales online.
After all, you’re not likely to gain massive success when you promote feminine products to men aged 25 to 40.
Identify your target audience by creating buyer personas.
Doing so can give you a good idea about your ideal buyers. This helps you focus your marketing efforts, shape your strategy, and target potential customers effectively.
Start building your buyer personas by asking these questions.
- How well do specific buyers know my product?
- What type of media does my ideal buyer consume?
- Are my target audiences using my products to solve problems?
- Does my product impact my ideal buyer’s overall life?
- What items do I offer that are better than my competitors?
- Who influences my ideal buyer’s buying decisions?
- What communication channels do my potential customers prefer?
Simplify creating buyer personas with HubSpot’s MakeMyPersona tool.
You can create your buyer persona easily by going through the steps and choosing or filling out the demographics, characteristics, interests, and preferences accordingly.
5. Conduct split tests
Performing split tests can help you determine which ecommerce marketing, promotional, and other materials work.
It can also help you optimize your efforts, ensuring you don’t waste your marketing budget. This also lets you test your ad campaign ideas before investing your time and resources in them.
Use tools such as Google AdWords to test one or more of these elements.
- Target keywords within your ad
After launching your ad campaigns, wait for around 100 conversions to test out their effectiveness.
The split test should help you track click-throughs and the number of leads to assess their performance.
You can also split test your landing pages, email marketing content and subject lines, and blog post titles.
For example, you can split test variations between blog post titles such as “The difference Between a Summit and a Conference” against “Summit Vs. Conference.”
Determine the best variations of your ad campaigns and site elements to see which ones get you the best results. This can help you optimize your efforts and budget while improving your outcomes.
Equip your ecommerce business for success
Achieving ecommerce business success won’t happen overnight.
However, combining the right tools, strategies, and tips in this guide can improve your chances of succeeding and, in turn, grow your business.