Posts Tagged ‘mybuys’

Enticing Shoppers to Buy More - 8 AOV Boosting Tips

Friday, August 28th, 2009

lisa_rosner_72dpi1In this world where “flat is the new up,” it is critical to make each visit of every shopper count. With fewer shoppers coming to your site, you have to be instantly engaging, catering to your shopper, making your site a destination. And, you have to get your shoppers to put as much as possible into their cart and then actually check out.

The question is - how can you take the flat or even decreased traffic and turn it into profit? Here are eight tips to help you entice your shoppers to buy more.

 

1. Shipping Offers - Lets start with getting people to your site. Shipping is something that shoppers are always concerned with. Free shipping, if you can afford it, always moves people to buy more. If your model does not support free, shoppers are also happy with flat fee shipping or even shipping with a minimum purchase (they will buy just one more product to qualify).

 

2. Incentives and Bundles - So, you got them to your site with a shipping offer, next, motivate them to buy more with incentives. Who doesn’t like getting a gift with a purchase or a special bundle of products for an extra discount? The shopper feels like they’re getting a bargain while you get to move more products.

 

3. Rebates - If you can’t offer discounts, another tactic to entice shoppers is to offer rebates. People get wide-eyed about rebates and will buy more to get them. Even if they do not actually redeem the rebate, they will be more loyal to your site for the service.

 

4. Personalized Product Recommendations - Next, lets turn to the customer experience. Today’s savvy shopper expects merchants to know them. Serving personalized product recommendations helps customers find what they’re looking for (and sometimes things they did not even know they wanted). The product detail page is the most logical location, but place recommendations throughout your site and most importantly in the shopping cart - it is a good place to put those impulse purchases - just like candy at the store check out.

 

5. Video - Another way to enhance the customer experience is to tantalize and engage your shopper with video. This medium can be used to demonstrate how a product works, show how apparel fits, or even do a virtual wine tasting. Video can answer questions shoppers have so that they buy even more than expected.

 

6. Ratings and Reviews - Lets face it, shoppers are social creatures, and love to talk and get advice from one another. Rating and reviews helps people get feedback from each other. Some shoppers can’t resist the temptation; they have to buy top rated items and will fill their cart.

 

7. Customer Service - Speaking of people talking , another thing that really helps is something just so simple - offer stellar customer service, and you will not believe how far that will get you. People talk and when they have a great experience, they will tell everyone they know. I do all the time!

 

8. Alternative Payment Methods - Okay, you have used tips 1-7 on your site and the shopper has stuffed their cart - this is when you are at risk for the dreaded cart abandonment. There are many things you should do to motivate your shoppers to click submit, maybe that is for a dedicated article. Suffice it to say, make it easy to check out. Alternative payment methods make it easier for anyone to check out - so make sure you offer them.

 

The bottom line is that you need to employ many different tactics to boost your average order value; it is the only way to take flat traffic and turn it up!

 

Lisa Joy Rosner is MyBuys‘ vice president of marketing.

 

10 Tips for Recession-Proofing Your e-Commerce Site

Wednesday, October 8th, 2008

bob-cell.jpg The economic decline is top-of-mind for everyone – especially retailers – as consumers place an even stronger hold on their wallets. In such a volatile marketplace, retailers must employ creative tactics to gain a competitive edge and remain profitable. With escalating gas prices, now more than ever, shoppers are going online which puts multichannel retailers at an advantage. That considered, simply having an online channel is not enough – it’s how you market your site and engage customers that makes the difference.

Here are 10 tips and tricks you can apply to your e-commerce site to survive the recession and boost website sales.

1. Smart Merchandising - Promote Groups of Low-Cost Offers: Find inexpensive, appealing items and bundle them in a creative way as a special promotion that gives shoppers an incentive to fill their carts with many low-cost items.

2. Instant Couponing for Multiple-Category Purchasing: Drive shoppers to buy more by offering them a reasonable discount on items from other categories if they buy immediately.

3. Minimum Purchase Free Shipping: Look at your margins and offer free shipping at a purchase threshold where it makes financial sense. Shoppers will fill the cart for the reward.

4. Personalized Recommendations on the Shopping Cart Page: Personalized product recommendations (PPRs) are a recession hit: they’re important on the category page, on the product detail page and everywhere else on the site you can afford the real estate. Putting them at the point of purchase—on the shopping cart page—is a highly strategic placement that moves shoppers to buy. PPRs are recession-proof because leading vendors like MyBuys offer them on a pay-for-performance basis.

5. Value Exchange (Gift with Purchase): Offer a small gift with a minimum price purchase to help move more product, increase customer loyalty and motivate customers to sample other products to increase cart size.

6. Use E-mail Creatively: Use e-mail alerts to recommend products that shoppers want and while you’re at it, remind them of abandoned shopping cart items, which have high conversion rates.

7. Ratings and Reviews: Create a sense of community and loyalty by adding ratings and reviews to your site. Shoppers trust one another and this functionality is not expensive to implement. Also, highly rated products tend to convert at better rates.

8. Creative Use of Widgets: Make widgets highly accessible from your webpage and your Facebook page. Offer different size choices and make them easy to download. Turn your fans into advertising affiliates by having them add these widgets to their social networking pages or blogs and give them points toward purchase for click-throughs or conversions.

9. Create Special Membership Clubs: Companies like SKECHERS, Clinique and many others have successful clubs for building loyalty and growing their lists. Get shoppers to sign up, become part of your community and give you permission to market to them. Reward them with free shipping, special coupons and discounts.

10. New Customer Programs: Coupons or other incentives to turn people into first-time buyers aren’t expensive to create or manage and once you bring shoppers to your site, you can employ the rest of the tactics mentioned above to bring them back for more.

Robert E. Cell is CEO of MyBuys.