Some Effective Personalized Product Recommendations - Online E-commerce Store - PowerPoint PPT Presentation

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Some Effective Personalized Product Recommendations - Online E-commerce Store

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Customers like effective personalized product recommendations that are tailored for the best interest of them. We tell those and how to choose the right type. Through personalized product recommendations on an e-commerce store, you can increase sales and influence customers to purchase additional items and so it is termed as one of the best ways to make more money. Even don’t bother to chat with the representatives of a faster-growing Wordpress website design company - SFWPExperts if what you are doing for your online business is not working out as it should. With plenty of experience in eCommerce designing and development, we are going to well cure the technical glitch that your site is suffering from. Read more on – PowerPoint PPT presentation

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Title: Some Effective Personalized Product Recommendations - Online E-commerce Store


1
Some Effective Personalized Product
Recommendations - Online E-commerce Store
Through personalized product recommendations on
an e-commerce store, you can increase sales and
influence customers to purchase additional items
and so it is termed as one of the best ways to
make more money. This is the feature allowing
customers to check out some other items too that
is based on the products they have already
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purchased or are interested in any specific.
However, ways to suggest recommendations are
many and different, some of the ways are more
effective than others. To boost your sales the
most, and delivering the best user experience to
your customers, researching the different ways
of making personalized product recommendations is
a good idea. You will have to spend time
reviewing its data and then figure out which is
the most effective method out of all.
Even dont bother to chat with the
representatives of a faster-growing Wordpress
website design company - SFWPExperts if what you
are doing for your online business is not
working out as it should. With plenty of
experience in eCommerce designing and
development, we are going to well cure the
technical glitch that your site is suffering from.
Do researches and find out the most effective
method for personalized product recommendations.
In July 2015, a data report on different types of
product personalization methods and its
effectiveness was produced by Barilliance ( an
eCommerce personalization recommendation engine
). Using data came from eCommerce websites that
have put in use the Barilliance personalized
product recommendations engine, the data was the
collection of 1.5 billion shopping sessions in
more than three months in 2015. The data
included in the report was from a variety of
different stores in many countries, selling a
wide assortment of products.
Facts Stated In The Report Was -
3
The most revenue-generating recommendation is -
Visitors who viewed this product also viewed
  • Out of all the sites surveyed, showing customers
    the products that are viewed by other similar
    customers generated 68.4 of the total revenue.
  • Besides, this type of recommendation was used by
    57.5 of sites that made it the most used type
    of personalized product recommendation.

Visitors who viewed this product ultimately
bought was also successful recommendation
  • Using this type of recommendation, 25.1 of all
    revenue was generated by the eCommerce sites.
  • However, this type of recommendation was used by
    only 7.3 of sites.

The third most revenue generation recommendation
was - You might also like
  • This recommendation generated 16.1 of revenue.
  • And among all sites, 42.5 used this type.

In the real world, as you can see some highest
revenue-generating recommendations are not the
most common ones. On the contrary,
4
some most used methods are not the most effective
also. For consideration take
Customers also bought recommendation. 30.9 of
all sites have made its use but it generates
only 7.9 of the total revenue.
What do these stats show? Choosing the right type
of personalized product recommendations is
important than the most common ones.
Create effective personalized product
recommendations
  • As extracted from the above-presented data, the
    effectiveness of a product recommendation
    varies, and purely depends on the way it is
    presented. To boost sales of your e-commerce
    business, you will have to take the time in
    making sure that you create effective
    personalized product recommendations.

Relevant suggestions presentation
  • More likely customers purchase the relevant
    products and this obvious. However, you have to
    measure and react to the behavior and
    preferences of customers for making the relevant
    suggestions.
  • Taking an example, if a customer has developed an
    interest in large size shirts, that time
    currently available to order large size shirts
    should be only shown as the recommended shirts.
    The

5
suggestion of shirts that are currently available
in small sizes could frustrate the customers.
Using engaging recommendations
  • For the customers, it is important to make
    appealing recommendations. Numbers of ways are
    there to do it that includes showing
    high-quality images or product details on the
    recommendation page, rather than directing the
    customers to click through to a new page for
    finding this information.

Dont try to distract the customer
  • It matters when and how you make recommendations.
    Customers can get distracted or give a second
    guess to their purchase decision when you
    recommend other products on a product details
    page or the page of the customers cart. This
    could make a customer less likely to purchase
    from your site.

Give out options and control to customers
  • Many people feel wary, skeptical or concerned
    about the amount of their personal information
    available with the companies.
  • Holding on to this in mind, it is very important
    to give them privacy options such as the
    convenience for deleting their browsing history
    or a way to leave feedback on the shown
    recommendations.

6
Remember customer service
  • It could be a tempting step to set up a robust
    and effective personalized product
    recommendation system and make this system the
    sole way how you provide service to your
    customers, however, many customers dont want
    it.
  • Providing your customers other helping ways such
    as detailed FAQs, live chat or a 24/7 phone
    number for calling with questions is pretty
    crucial for delivering delighting opportunities
    to your users.

Understanding your target prospects is like
keeping yourself in theirs place and then see
what I want to have, what is getting shown to me,
which of the features are irritating me, how
cost-cutting tips are helping me while
purchasing, what will be a good service to me and
the most important what should I look upon for a
credible eCommerce website. Sometimes managing
all these for best can be the head eating task
so, what we have for you is the experts group
of web design Los Angeles company - SFWPExperts
- The Immediate Success Achiever. We dont want
your assignments to be hampered if already
scheduled. So be at your comfortable moment and
throw out your queries through phone or email
lines to us.
Contact Details 213-277-9177 la_at_sfwpexperts.com
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