Showing posts with label ecommerce updates. Show all posts
Showing posts with label ecommerce updates. Show all posts

Tuesday, June 16, 2015

5 Personalization Tips to Grow Your Ecommerce Business

We all know that personalization and customization can go a long way toward building a relationship with potential buyers. The thing is, personalization is so much more than just greeting the customer by name when they visit your website. That’s a great first step, but it’s not the only benefit you can get out of gathering information about your customers. Want to know what else you can do? Here are some tips.



Offer Custom Content

No matter what you sell on your ecommerce site, we’re sure that you haven’t shared all the possible information about every single product. The things you can’t fit on your website don’t have to languish forever. Instead, create helpful guides, ebooks, white papers, case studies, checklists, how-to instructions, tutorials, and anything else you can think of to get that information into the hands of your buyers.

When you have information that buyers are searching for specific products, offer them the applicable content to help them make up their minds. After they make a purchase, provide them with the tutorials and instructions they need to make the most of their products.

Sell scarves? Offer an ebook with ten different ways to wear that new scarf. Sell lawnmowers? Give a spec sheet that compares the various mowers each customer researches. There really will be something for everyone at any point in the buying journey.

Move Buyers Through the Journey

Speaking of the buyer's journey, personalization helps you guide those buyers through every point from awareness to delight. The ultimate faux pas after meeting someone is to introduce yourself again the next time you see him or her as if you’ve never met before. If only you had some way to remember who you’d met before, how many times you’d met, how interested they were in what you had to offer, and how close they were to making a purchase.

With personalization options on your ecommerce website, you can track each and every customer through every step of the buying process. You’ll know when to start greeting them by name, when to send them more information about the products that interest them, and which products to recommend. 

Provide Better Product Recommendations

Oh, the product recommendations! Most ecommerce businesses attempt upselling and cross-selling with product recommendations. What are those recommendations usually based on? In many cases, they’re based on what previous buyers purchased. Since not every buyer is created equally—and sometimes people just buy really weird stuff—the recommendations aren’t always relevant.

By using the information you gather on each and every buyer, you can craft much more relevant recommendations. For instance, if someone is searching for lawnmowers, you could show them various mowers with similar specs. It wouldn’t be way off base to show them a weed trimmer, either. If, however, you threw in a patio table umbrella just because the last person who bought a mower also bought an umbrella, you’d only succeed in confusing your current customer.

Improve Segmentation

Because consumers aren’t all created alike, you’ll need to work hard and often on segmenting your buyers according the wants, wishes, tastes, income, and any other descriptor you can think of. Absolutely every segmentation you can think of will apply.

For instance, Molly and Sue may both be female, between age thirty and thirty-five, and have roughly the same income. Does that mean they’re always lumped together? Of course not. Molly is married with kids and lives in the Midwest. Sue is single and ready to mingle and living in Manhattan. The amount of income they have to spend on online purchases, the types of items they’ll buy, the weather where they live—all of these things are different, and they’ll affect the marketing messages they react to.

Use Segmentation to Your Benefit 

When you can segment your buyers with every bit of information you know about them, you have the ability to use that information at any given time. For instance, what if you had a pop-up message for all buyers experiencing sunny weather offering a discount on your best sunscreen moisturizers just for that day? Those who have rain and humidity would probably appreciate a frizz-control hair product ad instead.

You can use segmenting a million different ways, and all of those ways will help you build strong relationships with loyal customers. It’s yet another way you can surprise and delight consumers so they stick around for more and bigger purchases.









Thursday, May 21, 2015

Ecommerce aggregator iPrice raises $550,000, sets sights on Southeast Asian markets

After global financial services firm UBS came out with a striking projection for ecommerce in Southeast Asia – a fivefold growth to US$35 billion by 2020 from about US$1.1 billion today – startups operating in this space are making sure they won’t miss out.


Malaysia-based iPrice, a site that aggregates a multitude of ecommerce sites in Southeast Asia into a single shopping destination, is upping its game. The startup has raised US$550,000 in seed funding from Asia Venture Group (AVG) to double down on its machine learning algorithms and compete with the likes of Pricepanda and Save22.

Established in October 2014, co-founder Heinrich Wendel says the website aims to create an enjoyable shopping experience by giving consumers not only a visual but intuitive way of discovering products. Whereas other sites in the space are all about comparing prices, he explains that iPrice focuses on narrowing down – through an easy-to-use search and filter interface – the vast volume of products online to suit a user’s preference.

“No matter whether you are looking for a blue and black dress, three-inch high heels, a solid backpack, or a classic Chesterfield sofa, we will show you where you can get the best offer,” he adds.

Shoppers browse through millions of products on the site by categories, brands, models, and colors, among other attributes. All products are automatically linked to special promotions and coupons offered by ecommerce stores.

iPrice is already live in Singapore (iprice.sg), Malaysia (iprice.my), Philippines (iprice.ph), Hong Kong (iprice.hk), Thailand (ipricethailand.com), Indonesia (iprice.co.id), and Vietnam (iprice.vn). It offers more than three million products from over 10,000 local and international brands sourced from different ecommerce stores.

Free online marketing

iPrice has already signed up more than 30 ecommerce stores such as Lazada, Zalora, and Luxola. It sources the products on its site using a combination of data feeds stores provide, its own crawler, and an automated classification system. This model appeals to the stores, especially the smaller ones since they no longer need to build up expertise in online marketing to compete against incumbents.

“We know that online marketing services can support retailers in expanding their reach to new target markets and growing their customer base. Therefore, iPrice works with ecommerce sites in the region, offering them an additional channel to market and advertise their products,” notes Wendel.

iPrice assures its partners of a real revenue opportunity, claiming it only sends highly targeted traffic or online shoppers who have a clear intent to buy.

Since its launch, Wendel says traffic on iPrice has been doubling every month. “We have seen tremendous traction – quarter of a million monthly sessions,” Wendel says. While not all of these sessions are successful leads, the conversion rates are high, according to him.

iPrice gets a commission of between five and 15 percent of every sale. Over the last three months, it has booked a revenue of US$1 million.

International expertise

iPrice largely attributes its initial success to the technology it built and to the help it received from investor AVG. “Through them, we quickly acquired international know-how, expertise, and talent in the fields ranging from technology and online marketing to the business side of things.”

AVG is a hands-on, private internet holding firm that focuses on digital distribution models. Its portfolio includes successful investments like iMoney, Trusted Company, and Happy Fresh.

iPrice plans to use the capital it obtained from the VC for two key things. First, it will improve its site by adding more filters so users can really find what they’re looking for and building out its algorithms. “We’ll try to personalize the experience, wherein based on the behavior of the user on the site, we will make personal recommendations. We want to make sure conversion rates for stores are high.”

Second, Wendel says they’re ramping up their sales team to get more ecommerce stores on board.

A universal checkout system is also in the cards, but he says this may take as long as four years.

Curated content

The ecommerce sector has been partly held back by consumers wary of buying stuff online for fear of getting scammed. iPrice addresses this concern by making sure only trusted stores are featured on its site. “We will follow a similar approach and aggregate information about ecommerce platforms. Are they trusted companies? Are they quick in addressing consumer concerns?”

iPrice goes a step further by incorporating valuable content to help consumers in their purchasing decisions. “We’ll provide editorial content such as tips on how you can find out if a product is fake or real.”

Wendel recognizes that every market is a different culture and perspective in terms of what the community wants. Therefore, it employs local talent in all countries it operates in to learn more about those markets.

“We are targeting all 600 million people across Southeast Asia. Every day a new online store opens, there are hundreds in each country, the potential is huge,” he says.

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Thursday, May 14, 2015

3 More Tips for Better Ecommerce Video Results



A good ecommerce product video can help online shoppers learn more about a particular item, make an emotional connection to some products, and, ultimately, make a good buying decision.

The premise for this success is relatively simple. Videos can convey more and better product information than text alone. In fact, ReelSEO, an online publication for video marketing, reported that nearly three quarters of online shoppers believe that video content had influenced a buying decision. Given the potential impact, it can make a lot of sense to try to optimize ecommerce video to boost sales.

Back in August 2014, I described three tips for making ecommerce videos more effective.

In this article, you’ll find three more tips or suggestions for making the most out of your product videos. These more recent tips are based on a report from Google, which was largely aimed at video advertising but may offer insights about how to get even better results with videos placed on an online store’s product detail pages.

1. Use a Large Video Player

The Google report, “Are Your Video Ads Making an Impression?,” looked at an approved Interactive Advertising Bureau advertising measurement called a “viewable video impression.” This measurement considers a video ad to be viewable when half of its pixels are visible on the screen for at least two consecutive seconds.

Google wanted to understand what made a video ad more viewable, using this definition. For an ecommerce product video, one would hope that customers would be looking at more than half of the available pixels for a mere two seconds. Nonetheless, the things that make an online video ad viewable might also apply to videos more generally.

For example, Google found that, in general, folks were more likely to watch video ads that played on relatively larger video players.



Of the video players measured, sizes that were larger than 640 pixels by 480 pixels had video viewability rates of better than 80 percent. As an example, players that were 848 pixels wide by 477 pixels high had a video viewability rate of 88.6 percent.

Conversely, the most common player size for video ads — 300 pixels by 250 pixels — produced the lowest video viewability rate at just 19.8 percent.

For video ads, this data is telling, especially since Google drew its data from a sample of video ads shown on a variety of sites and devices.

Assuming that there are at least some similarities between what makes an online video ad viewable and what encourages online shoppers to watch an ecommerce video, consider giving product videos more on-page space.


Online fashion store ASOS uses this approach. Many of the store’s product detail pages include a “View Catwalk” link that opens a relatively large video player.

2. Place Your Video Front and Center

Google also found that video player placement impacted video ad viewability. Videos placed at the center of the screen and within 250 pixels of the top of the page enjoyed the highest video viewability rates.

Again, assuming that the principles that make a video ad viewable are similar to what makes an ecommerce product video get attention, it might make sense to place video players in a prime position on product detail pages.

For online sellers, one good way to manage video position may be to share space with the main product image.



Online kitchen supply retailer Williams-Sonoma includes its ecommerce product videos as a link just below the main product image. When a shopper clicks on the link, the video replaces the main image. While this is probably not as effective as having the video player loaded (full-size in the middle of the page), it does put the video link in a high visibility area and conform to product detail page conventions.


3. Have Faith, Make It Obvious, and Test

To a certain extent, the Google findings are not earth shattering. Rather they point toward making video obvious on your site. But these suggestions do require a certain amount of faith.

Before an ecommerce marketer places large product video player in the middle of important pages, that marketer needs to believe that product videos will, in fact, boost sales.

While there are several anecdotal reports and case studies that show videos can increase ecommerce conversions, the estimated impact can vary greatly, with some saying video produces amazing 40-percent increase in sales and others reporting more modest 4-percent increase.

So my final tip really has three parts: have faith, add obvious video content to your site, but measure the results. Consider using an A/B testing format to decide if ecommerce product videos make sense for your site. And don’t skimp on the testing, measuring things like video player size, player position, and video content.

e-commerce

Our successful eCommerce software solutions deliver an optional shopping experience for targeted prospects. Our solution creates fast, easy browsing and simple ordering and checkout process.Pixotri technology is a  creative house developing quality web designs, E-Commerce solution. SEO services and Gaming development .

Contact us for your online shopping requirements email-info@pixotritechnologies.com. Visit our website: www.pixotritechnologies.com

Wednesday, April 29, 2015

How Ecommerce Can Capitalize on How Men and Women Use Pinterest




Pinterest has long been recognized as a female-centric social media platform with 80% of its total users identifying as female, but the times are changing. One of the biggest differences we see lately is the ability to narrow search results for males, so search results show men's watches or women's watches, based on your interests. Since users are able to select search results to more closely reflect their interests (whether shopping for themself or someone else), this benefits all users. And, this is just a first step in making Pinterest more appealing to men. With this particular task out the way, Pinterest still has a few more steps to attract and keep male users.

Understanding the differences between how men and women shop is a great place to start.

Shopping Actually Makes Men Happy

It’s a fact that shopping makes 64% of women feel happier. That’s probably why Pinterest was such a success with the female demographic right away. However, we must take into account the fact that 40% of men also say that shopping lifts their mood. With that many men excited about shopping, why would any ecommerce platform or social network make men feel left out?

Men Are More Decisive

One of the biggest differences between male and female Pinterest users is the users’ intent. Men figure out what they want and then buy it, often without regard for the brand or the price. Women spend their time on Pinterest seeking out different options, better prices, cheaper brands, and more creative ways to get what they want.

In other words, Pinterest is a scrapbook and dream board for women. For men, it’s a shopping list. Once Pinterest adds that buy button, men everywhere will likely take over the network to get their shopping done in one simple step. 

Men Love Images

Rich Pins with prices and other information do well with women who want to comparison shop for a while before making a choice. Men, though interested in the price of any object they want to buy, definitely react more to the image itself. It’s just science.

Because they’re more interested in finding exactly what they need, men are also more likely to pay higher prices for name brands. Lists of similar products by various brands probably won’t show up in most men’s Pinterest feeds.

Understanding how men and women use Pinterest gives the platform a chance to appeal to a much wider audience. There are already more than 70 million users, and the numbers grow each day. But understanding what men find valuable in Pinterest doesn’t just help the social network.

  Ecommerce companies who not only know how men and women like to shop but also know how they use their Pinterest accounts can make advances now before the buy button even gets here. A place to do all their research, comparisons, and shopping in one place seems to be exactly what men really want. If Pinterest can provide that, we have a feeling the platform will take over the world—one man at a time.

e-commerce

Our successful eCommerce software solutions deliver an optional shopping experience for targeted prospects. Our solution creates fast, easy browsing and simple ordering and checkout process.Pixotri technology is a  creative house developing quality web designs, E-Commerce solution. SEO services and Gaming development .

Contact us for your online shopping requirements  email- info@pixotritechnologies.com. Visit our website: www.pixotritechnologies.com

Monday, April 20, 2015

India's e-commerce warzone: Six cut-throat skirmishes underway between global giants & Indian top dogs


Amazon, America's largest etailer, began as an online bookstore in 1994. Two years before Jeff Bezos pored through the dictionary and picked out the world's biggest river as his brand name, lesser known (at least as of today) Charles M Stack founded books.com. Today, Stack's online stores (also known as Book Stacks Unlimited) will be difficult to locate — they were gobbled up by Barnes & Noble over 15 years ago.

Contrary to popular perception, Amazon wasn't the first mover (by some accounts it was second, by others even fourth). Also contrary to popular perception, the first mover doesn't always emerge the winner. 



Marketing gurus will tell you about the first-mover advantage, which is typically the head start the first entrant gains by capitalising on a monopoly-like situation to rake in fat profit margins. 

Lesser-talked-about is the second-mover advantage, the competitive advantage an entrant gets by learning from the pioneer's mistakes, copying his successful strategies and stealing his share (instead of wasting time creating a market). 

The $12-billion ecommerce battlefield in India is littered with first movers; and second (and third, and even last) movers. Fascinatingly, many of the leaders are ventures founded India by Indians (albeit fuelled largely by foreign venture capital and private equity). For instance, etailer Flipkart and online travel firm MakeMyTrip are both ahead of their global peers Amazon and Expedia. 

So can the order of the first mover being first ranker change? For sure, an aggressive Amazon India will insist as it goes about the task of closing the gap with Flipkart (and Bezos may gleefully remind you of the Book Stacks example). Beyond Amazon, too, in the classified marketplace for used goods, the global giant (OLX) moved into India two years before today's leader (Quikr) got going. Today, the Indian second mover claims to be in first place — although OLX too maintains it is the market  leader.

But then these are early days of ecommerce in India, with businesses growing on the back of ready and willing investors, and profitability a mere gleam in the eye of the Indian founders. "Wellfunded global players can easily absorb millions of dollars in annual losses and this can put Indian ecommerce players in trouble," says Sanchit Vir Gogia, chief analyst and group CEO of Greyhound Research. 

So will the local leaders be able to keep the global giants at bay? Can some of the second movers take first place? ET Magazine takes a look at six cut-throat skirmishes underway between global giants and Indian top dogs on different parts of the ecommerce battlefield. In many of these encounters the winner may have already been decided — and it's not necessarily the two brands slugging it out but the Indian consumer. 

Mydala vs Groupon

When Groupon entered India in 2011, the Chicago-based daily deals giant had numbers on its side — 120 million subscribers globally. After four years, that number has got more formidable, climbing to 260 million. For good measure, monthly unique visitors stand at 160 million, it has sold 900 million units so far and the per customer annual spend on the site works out to $155.


The picture in India, though, doesn't look that impressive — not at least when stacked up against the local leader in the country. While Groupon India has just 5 million unique users and 25,000 merchants, its nearest rival and largest player in the segment Mydala has 10 times as many unique users and eight times as many merchants. If that wasn't enough, the Indian No. 1 has 4 million transacting customers every month, and mobile users download roughly 150,000 vouchers from Mydala every day.


If such numbers aren't fazing Groupon, perhaps it's because they're looking at a bigger picture. "India is the fastest growing amongst 48 countries where Groupon is present," says Ankur Warikoo, regional head, APAC emerging countries (India, Indonesia, Thailand, Philippines). 


Groupon has had its share of learnings from the India market and has been using to finetune its strategy. For instance, India is the only country where Groupon has the cash on delivery mode of payment. While globally wellness is the biggest category for Groupon, in India it's food and beverages. And almost 90% of the deals closed are face-to-face, says Warikoo, who managed to get Sequoia Capital to invest $20 million in the Indian unit in March this year. The investment, though nothing compared .. 


e-commerce

Our successful eCommerce software solutions deliver an optional shopping experience for targeted prospects. Our solution creates fast, easy browsing and simple ordering and checkout process.Pixotri technology is a  creative house developing quality web designs, E-Commerce solution. SEO services and Gaming development .
Contact us for your online shopping requirements email-info@pixotritechnologies.com. Visit our website: www.pixotritechnologies.com