Visit any popular
e-commerce store using best
ecommerce platform and you are sure to come across several different discounts,
offers, and more. While savings is one of the biggest reasons why people prefer
shopping online, these promotions make the deal sweeter for the customers and
can help drive more traffic and revenue.
As a matter of fact,
promotions is also one of the most effective ways to make new visitors your
long-term loyal customers. Here is a list of top 4-
1.
Free Shipping
One of the most common
reasons for cart abandonment is the additional shipping fee. A large number of
customers just don’t complete the purchase when they see the shipping fee added
during the checkout process. Online shoppers just love free shipping. If you
are looking for more traffic and sales, sitewide free shipping or for a
particular product category can be a great option.
When you offer free
shipping, it is not really necessary for you to pay the shipping costs from
your pocket. Simply add the shipping fee to the cost of the product. If you are
selling a $20 product with $5 shipping, sell the product for $25 with free
shipping.
2. Free Offers
Every online shopper
loves getting things for free. You can consider an offer like “Buy this and get
this for free” or something like “Spend $X and get this product for free”. This
can be done when the sales of a particular product category are not up to the
mark or when you want to encourage the customers to spend more.
Apart from helping you
get more sales and increase the average money people spend on your store, you
will also start having a more positive reputation among customers. In the long
run, this can prove very fruitful for your online business.
3. Discounts
You can consider
offering either a percentage-based or quantity-based discount at your online
store. While percentage-based discounts can be considered by every type of
e-commerce store, discounts on quantity are generally preferred by stores
targeting merchants and distributors. Apart from positively impact your
customers, such discounts are also an excellent way to beat your competitors.
From attracting new
customers, moving existing stock, to reaching your sales target during the slow
sales period, these discount offers can be useful in multiple ways. But before
offering such discounts, ensure that you first know your exact product margin,
breakeven point, and markup. Keep the discounts in such a way that you are
still able to make decent profits. If you are new to the business, prefer
hiring e-commerce SEO services to effectively implement this strategy.
4. Reward Points
A lot of online stores
have had great success with loyalty programs where the customers get to earn
reward points for their purchase. When the customers see that they are
receiving reward points for their purchase, your store would soon become the go-to
option for them every time they are looking for a product you offer.
You can also think about
creative ways in which the customers can redeem these points. You can offer
them discounts based on the reward points they have and even offer bonus reward
points for collecting a particular amount of points.
When Should You Use
Promotions?
There is no right or
wrong time to use these promotion strategies. You can use them as per the needs
of your online store. But they are generally known to deliver better results
for-
- Holiday
seasons
- Pre-launch
of a product
- Newsletter
offers
- New
customers
- Loyal
customers
- Increasing
engagement through social networking platforms
- Reducing
cart abandonment rate
How Can Professional Online Store Developers Help?
With the availability of
best ecommerce platforms like KPShopy, you can now create an
online store yourself with zero coding knowledge. However, it is always better
to hire professional e-commerce website developers. From creating promotional
strategies, SEO, inventory management, to creating product pages and handling
payments, their expertise in the industry is sure to help you in many ways.
Amid this cut-throat
competition
, the guidance of professional developers is necessary to make
your online store successful. Look for a reputed website development company
for creating your online store and implement the above-mentioned promotion
strategies.
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