How to Boost your Ecommerce Revenue More and More Every Quarter?

1
How to Boost your Ecommerce Revenue More and More
Every Quarter?
2

• Few years back Pizza Hut had hit headlines not
  for any mouth-watering variety of pizza but by
  telling twitter that the first-ever online
  purchase was a Pizza Hut pizza in 1994.
• However, there is evidence that the Net Market
  Company in Nashua, New Hampshire had beat Pizza
  hut to the punch by a week or so by selling a
  copy of Stings album Ten Summoners Tales in
  early August.

3
Let data do the talking

• A lot has transpired in the ecommerce industry
  over the past few years Economic Times reports
  that the worldwide market worth is 22 trillion.
  According to Statista, around 42 of consumers
  make online purchases globally and this number is
  estimated to rise to 50 by 2020. This online
  statistics portal further states that B2C
  ecommerce will inflate to an astounding 1.5
  trillion in annual sales by 2018.

4

• Are these stats inspiring you to venture in the
  ecommerce realm? Get in touch with our team
  of ecommerce development specialists to make a
  profitable web presence. Once you get e-store
  developed you can follow the below mentioned tips
  to increase your ecommerce revenue.

5
(No Transcript)
6
Leverage influencer marketing

• Its high time to take advantage of influencer
  marketing by building strategic partnership with
  celebrities or industry experts. Eventually these
  key individuals take on the role of influencers
  as they can pull large number of potential
  customers.
• Sid Bharath of Thinkific states that as
  advertisements and other traditional sources of
  traffic generation are getting tougher,
  influencer marketing is starting to become
  mainstream.

7
Practice multi-channel selling

• One of the best ways to boost sales revenue is
  by participating in multi-channel selling. One
  study from Stitch Labs shows that merchants who
  sell on just one marketplace (in addition to
  their own online store) experience a 38 increase
  in revenue,

8

• compared to when they sold exclusively on their
  site, affirms Liz Hull of Merchant Maverick.
• You can make the most of your ecommerce
  platform by diversifying across internet.
  Although managing different channels can be
  challenging but once properly integrated it can
  give a boost to your revenue.

9
Focus on converting prospects
10

• Do you focus only on your web traffic? This is a
  grave mistake because it is meaningless unless
  and until your web visitors perform the action
  you actually want them to perform. Therefore, you
  must equally focus on converting visitors into
  customers. It could be done in many ways like
  implementing one page checkout, an exit offer,
  etc.

11
Never ignore branding

• Always keep in mind that you should never let you
  customer get confused about who you are and what
  you do. It is true that products and services
  have lifecycles but brands do have perennial
  staying power. Therefore, let you logo, website
  and customer communication reflect your brand
  message because it is imperative to your
  business.

Being an outsourcing ecommerce development
agency, we have always exceeded our clients
satisfaction and enabled them to engage their
ecommerce customers effectively.
12
Build relationships with customers

• Nothing is more important than maintaining good
  customer relationships in business and ecommerce
  is no different. If you can alleviate the pain
  points of your customers by your website or add
  value for them with your blogs then your
  customers would love to visit your site.
• One way to get more web traffic and engagement
  is having a blog and offering your customers help
  rather than just a sale, explains Charlotte
  Lynch of Modern Retail.

13
Increase security

• If your site gets hacked then you are ruined for
  your lifetime because consumers never like to get
  robbed of their credentials and personal details.
  Therefore, it is wise to secure your website and
  payment gateway by implementing SSL
  certification.
• David Decorte of Chargebacks 911 advises,
  Merchants should look at other ways to increase
  security and defend revenue streams which wont
  impact conversion, such as chargeback mitigation,
  better reporting, ensuring MID health and
  reducing operational costs.

14
Use video marketing
15

• Video marketing is essentially an effective
  medium to get your message and market your
  product across your online audience. Its
  benefits are better explained by Miljana Mitic of
  GoodVidio. In her words, SEO-savvy ecommerce
  marketers use rich media to attract visitors. One
  such example is videos, which on average lead to
  157 more organic search traffic.

16
Wrapping up

• Hope it was a useful read. Did you notice any
  difference in your sales by implementing these
  tips? Also let us know if anything else has
  worked for your e-store. We would love to include
  your tips in this list. Happy and successful
  selling!