7 Strategies to Help Grow Your E-Commerce Sales
It’s no secret that consumers’ shopping behaviors are changing. A reliance on shopping in brick-and-mortar stores has given way to a cross-channel approach, with consumers increasingly turning to e-commerce sites to ultimately make purchases. Consider the following research from comScore: E-commerce sales in 2011 reached a record high of $161.5 billion, a 13 percent increase from 2010. The fourth quarter of 2011 alone generated $49.7 billion in online sales, compared to $43.4 billion in the same quarter in the previous year.
Armed with the knowledge that consumers are more comfortable and willing to make purchases online than ever before, retailers must take the next step and take advantage of this trend. Here are seven tips to help you get on the right track:
1. Keep customers on the hook. Consumers have gotten familiar with the retail game and will use their skills to get the lowest price possible. Make sure consumers who have searched and browsed your site keep you top of mind by using site or search retargeting. If they’ve abandoned a shopping cart on your website, there’s probably a good reason why. An email program with a customized promotion can help get them back.
2. Add interactive videos to your website. Giving consumers the ability to buy a product, shop related products, read ratings and reviews, and click on interactive links and hotspots all within a video player creates an interactive shopping experience that will increase conversions.
3. Give your customers deferred delivery choices. Consider adding deferred residential ground shipping alternatives to your website — UPS SurePost, FedEx SmartPost, Newgistics and EquaShip. These delivery methods may add days in transit, but at significantly lower pricing than FedEx and UPS air and ground services. While the goods being purchased often dictate the shipping method, when presented with a choice, many online shoppers choose the low cost or free delivery option, even if it means a longer wait.