According to research conducted by the World Bank, an astounding 27% of all global GDP is derived from ecommerce sales. That’s a staggering amount!
Despite the seemingly insurmountable obstacles in achieving exponential growth across multiple platforms, it is possible with the right approach and strategic planning. Here, we’ll provide you with all of the necessary knowledge so that you can achieve this goal within your business.
Growth is inevitable when it comes to ecommerce, but how quickly will you attain your goal? Is it possible to scale up overnight and ascend from the ranks of zero to top hero in less than a month?
For most startup ecommerce entrepreneurs, the answer is no. It can take years before you achieve success; however, it’s unnecessary for subsequent endeavors if you already have an established brand equity that customers recognize. There are multiple ways to leverage your latent recognition capital such as leveraging existing user bases, investing in brand advocacy or acquiring new ones – all of which can hasten the process considerably!
1. Craft Strategies to Lead Customers Through the Sales Funnel
As you can see, the sales funnel is an essential component of your ecommerce strategy. This step-by-step progression from lead to customer and finally their purchase should be considered when crafting any plan for success!
The ultimate goal of your ecommerce growth strategies is to create an effective and robust process for guiding customers through the sales funnel. That way, you’ll be able to expedite conversion rates and improve overall revenue!
2. Leverage the Latest Technology & Platforms
The advent of internet technologies has facilitated the expansion of e-commerce businesses into uncharted realms, creating new opportunities for growth in a multitude of ways.
With technological advancements like artificial intelligence (AI), machine learning and robotics at our disposal, it’s possible to amaze customers with flawless customer service and astounding site performance – all without any effort on their part! All it requires is purchasing the necessary software or hardware.
