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In times of uncertainty like now, people cut down their shopping. They might be cautious about their cash flow month in and month out, or they might think most purchases can wait. Whichever the reason, your ecommerce business may be hurt.
How to drive sales in times like this? How to make customers more at ease with spending money now?
In short: by asking for less money upfront.
Buy now, pay later (BNPL) tools give you an alternative payment method for those insecure shoppers that would not convert otherwise. It lets them pay for their purchase in installments while you get your money immediately from the provider.
You are the owner of a relatively small ecommerce business with just a few employees or even doing it all by yourself. Productivity is probably one of your main issues. Nothing happens if you don’t take care of it.
But in order to be competitive, you need certain things done: good promotions in place, emails sent out, ads running effectively…Not to mention making business decisions based on current numbers like adding or dropping a product, ordering inventory, fixing marketing spend, working with influencers and so on.
To stay on top of things and stay sane (I know how it feels!), here’s a list of all the things you can streamline to increase your in-house productivity. Those are things small teams and one-man-shows should not waste time on – here’s how to get it done and focus on more important tasks.
Statista estimates the CBD market size at 1.15 billion USD sales in 2020 and reaching 23 billion in 2025. And yet, working with many CBD brands, we know CBD marketing is hard and very strictly regulated. Can you advertise CBD on Facebook? We will try to answer the most pressing questions and help you sell more CBD products online.
As the coronavirus spreads across the globe, industries feel its effects. Let’s see how it impacts eCommerce.
Personalization is now everywhere and people are used to seeing ads about what they just browsed for.
But the rise of ad blockers and after the Cambridge Analytica scandal, they are less likely to overshare personal information such as locations, work place, education, etc. on social media. We collectively as marketers have overused the tools at our hands and now the public is sick of it, driving costs of acquisition up with their inactivity.
In one recent survey, only 17% of internet users say it is ethical to collect data for personalizing experience and offers. In another, 51% of people said they didn’t want to trade privacy for personalized ads.
Note: This is an opinion piece by the Metrilo marketing team. Its purpose is solely to offer a new angle of looking at things. It’s healthy to challenge our ingrained beliefs from time to time!
Ecommerce store owners struggle to increase traffic to their sites all the time. Traffic is probably the most popular topic in any seller discussion group. The first question newbies ask is, “How do I get traffic?”
Well, maybe that’s wrong. Maybe that’s the wrong thing to focus on.