Ever wonder why customers abandon their carts just before completing a purchase? Do you feel like buyers get lost in the maze of tabs and options? Are you lacking time to develop your store because you're drowning in repetitive tasks? If you answered "yes" to any of these questions, this article is for you! You'll find tips here to help you avoid mistakes and increase the chances of success for your online store.
Running an online store is a demanding task - it involves simultaneously managing various areas (e.g., customer service, inventory, promotion). Additionally, it requires standing out from the (continuously growing) competition and meeting (equally dynamically growing) customer expectations. So how can you achieve success in eCommerce?
One of the key factors is avoiding common mistakes that can negatively impact the condition of the e-store, as well as sales and profits. In this article, we'll present 5 frequently occurring mistakes made by online store owners. We'll discuss their causes, effects, and practical tips on how to avoid them. Let's dive in!
Imagine starting a new business but having no strategy, just feeling your way through. While there's a chance you might succeed, it could as well be a matter of chance without monitoring results. That's precisely why data analysis in an online store is crucial to gain a full picture of what's happening and what can be improved. Making significant decisions based on intuition or guesswork can lead to missed opportunities for growth and even financial losses. Data analysis plays a crucial role in understanding customer behaviour, shopping trends, and the effectiveness of marketing strategies. Properly conducted analysis allows identifying weaknesses in the online store's operation and leveraging strengths for further business development.
How to avoid this mistake?
Maintaining customer attention is a demanding task that involves many stages. Initially, it's essential to generate interest and then maintain it throughout the entire purchasing process. However, customers should also feel cared for after placing an order, encouraging them to revisit the store. How to effectively guide the user through all these stages?
Developing a sales funnel can be a crucial tool in achieving this goal. A funnel is a model that helps identify customer needs, organise the various stages of the sales process, and increase the efficiency of customer acquisition. But what if you don't include a funnel in your plan? Then you're largely dependent on external factors such as competition, market trends, or even chance. The lack of a clearly defined sales funnel can lead to the loss of potential customers who get lost in the maze of information and options. Additionally, it can result in wasting time and resources on activities that don't yield the expected results (e.g., directing marketing campaigns to the wrong audience).
How to avoid this mistake?
If you think about how your customers place orders, it quickly becomes clear that there isn't one universal method. Online shopping isn't limited to the time spent at home in front of a computer screen. Buyers increasingly visit e-store websites while commuting to work, waiting in line at the doctor's office, or traveling by train. Therefore, more and more of them expect the ordering process to be quick and intuitive - so that completing it is possible under any circumstances. So if your store still has a multi-step shopping cart with many fields to fill out, you're making a serious mistake that can lead to an increase in abandoned carts.
According to Baymard Institute data, the cart abandonment rate for eCommerce is over 70% (2022 data). This means not only lost profits but also missed opportunities to gain loyal customers who would stay with your brand longer if you provided them with more intuitive shopping experiences.
How to avoid this mistake?
In every business, there are repetitive tasks that still require time and resources to complete (which could otherwise be used for more conceptual activities). In an online store, this could include tasks such as sending out newsletters about new offers, managing inventory levels, or responding to simple customer questions. Manual execution of these tasks can reduce efficiency and increase the risk of errors. How to avoid this? Introducing appropriate tools for process automation will save time and resources and optimise the store's operation.
How to avoid this mistake?
Everywhere you hear that artificial intelligence is essential for your eCommerce? Are you considering changing your website design to be more "trendy"? Or perhaps you've heard that everyone must sell on social media now? After all, if the industry leaders are doing it, you should too. This kind of thinking is another mistake - while it's important to stay up-to-date with eCommerce trends, you shouldn't blindly follow everything new and popular. Not every trend will be suitable for your store, and what's more, it might even do more harm than good.
You now know what mistakes to avoid to achieve success in running your online store. However, achieving success in eCommerce is not just a one-time action; on the contrary, it requires patience, commitment, and continuous development. Therefore, it's worth constantly analysing data, tracking market actions, and experimenting (in line with your own strategy!) with new solutions. If you're wondering what else you can do to improve the efficiency of your online store, contact us! We'll conduct a professional audit of your online business and identify areas that need improvement.