How to make your eCommerce business successful and overcome stiff competition

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AuthorRupesh KumarProject Coordinator

Rupesh excels in managing projects and databases across diverse business applications, with a keen interest in client/server and relational database design utilizing MYSQL and MS-SQL Server. Leading the open-source database development division, he specializes in everything from CMS to large-scale CRM solutions, showcasing his prowess as a systems analyst and tech mentor.

Ecommerce business

As customers are increasingly turning to Smartphones and the Internet, to make their purchase decisions, it has significantly become more important for business houses to accommodate the changing trends and step ahead to fulfill the evolving needs of their users.  Here are some key practices to follow to make your eCommerce website successful and stay ahead of the intense competition.

Customer Experience

When developing a rich eCommerce experience, everything about your portal should be user-oriented. As you do not offer brick and mortar experience, the design becomes a critical feature of your portal to influence conversions and sales.  It is important to bridge the gap between in-person and virtual interactions with enhanced features, design, and aesthetic value, to inspire your customers to buy. A user-oriented website not only helps you to attract new customers, but also helps to retain your loyal customers–the key to a successful online business.

Checkout process

Your checkout process is one of the most important features of your eCommerce website. The simpler the process, the more your conversion rate is. It is critical to capture online payment instantly, and offer quick payment process. If your checkout process is not simple, your potential customers will quickly lose patience and look for other options.

Differentiate from competitors

It is important to create a unique identity of your store. Understand your target customers and design your web store, keeping in mind the taste of your customers. Correct branding can help your business make huge sales and create strong recall value among your targeted customers. Attractive display, clean design, and catchy content can help you create a powerful image.

Multi-channels

Shoppers are increasingly looking for multiple mediums to simplify their shopping process. In 2014, over 1.75 Billion users had switched to smartphones and the trend has only skyrocketed. The demand for creating valuable eCommerce apps has augmented like never before.  Also, as more and more users are using Smartphones, optimizing your website for mobile usage is no longer a luxury, but a prerequisite.

Right information

The amount of information can hinder or help your web store. Make sure you just put enough information to give all the vital details to help with the smooth transaction. Try to put all the information in crisp, short sentences without boring your customers.

eCommerce software

Your eCommerce software is the base for your website. Choose software that is easy to manage and fits your business requirements. It is important to analyze wisely and invest in the one which allows you to not only meet your present requirements, but can accommodate your future business needs. Your success of the webstore greatly depends on the security, flexibility, and the customization allowed in your software. Consumer expectations are higher than ever, the overall performance of your technology has the power to make or break your online business. A great vendor will assist you right from planning your website to implementation to upgrading it with the changing needs of your business.

Get Social

A social media strategy is something today’s business cannot do without.  It is the most cost-effective way to reach target audience and drive traffic to your web store. Social media networks such as Instagram, Facebook, and Pinterest can expose your business to a new audience and help you stay in touch with your target audience. Social media is perhaps the most beneficial way to get the word of mouth momentum going and take your advertising strategy forward.

Simplify your website

Ensure that your website is very simple for your users to navigate. Easy navigation is the key to attracting your visitors and also retaining them. Make sure that your user easily finds the information that they are looking for and it is optimized for user friendliness. Also, verify that your website has  prominent call to action buttons, suggesting the users to take the next obvious step. If any point in the transaction, the user feels insecure or unconfident, they won’t think twice before clicking that cross button.

Evolve with the changing time

As the online marketplace change and progress, it is important for businesses to keep pace with the changing times to remain a step ahead of the stiff competition. Keeping up with the evolving trends, monitoring customer feedbacks, doing in-depth research to stay at the forefront of the technology, and devising strategies to understand the changing dynamics of the online marketplace can help you overcome competition.

The bottom line is that it always pays to listen to the customers and revolutionize your strategy in real time to accommodate the shifting needs of your users.  An ongoing effort to improve the experience of your end users is the only way to sustain the lifelong loyalty from your customers.

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