Market research shows that even in the time of recession online stores continue to draw profit. There are a few proven methods that you can implement to derive more revenue from your existing e-commerce website. It is always necessary to keep your online store offering something fresh and exciting to the visitor surfing your website.
1. Update your site regularly
It is very important to browse your own website regularly and check for missing content, images, functions and links not working. Always update your content and images regularly to offer fresh reading and viewing stuff to readers. Remove seasoned products, promotions that are over, products that are out of stock. Always read visitor reviews and comments to improve sites overall composition. If you have a blog or a social networking page always monitor the comment and suggestions of the consumers and post fresh content on a daily basis.
2. Feature new and trendy products
Consumers are always in look out for recent and most up-to-date products. So make sure you have all those products plus the seasoned products are crucial in increasing sales. For eg. if the IPL season is going on make sure you have merchandise of all the teams as fans of these clubs are in search for them. Also have a category on your home page to display your new items and make sure they are easily visible. Another thing to keep in mind is be clever in identifying the trends that are going to last as you don't want to have an inventory after a while that no one wants.
3. Promotions and discounts
Generally the sales and discount page is the first place most visitors click on opening a website. If your regulars keep seeing the same offers every time then they stop noticing it after a while. Even in times of economical crisis consumers are always looking for good deals. Also having a clearance sale helps in getting rid of stock that is a low sale affair and taking unnecessary space in your inventory. An added advantage is that visitor end up buying other products as well and become regulars. So the right promotion strategy is a must to increase the number of repeated customers.
4. Modify navigation and theme of site
Redesign the navigation structure of the website after analysis from analytics about what path visitors follow to interact with your website. If there are some links that are not visited but you want them accessed then modify the links or route the customer to those pages. Changing the theme of the site keeping in mind the season is a good way to influence visitor. An example being using the red and white theme during Christmas. This way you can furnish a innovative look and feel to the website without spending much.
5. Target consumers as per location
Location is an important factor when it comes to marketing, so targeting the right audience as per geographical location is crucial. The products in your online store should match need of the consumer in your targeted location. So you need to focus on the changing climatic conditions and always make sure you always stay on top of inventory.
So be sure to assign some time an resource to your website from time to time, so that business is always on the rise throughout the year.
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