Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Technology

3 Marketing Tips for E-Commerce Retailers in 2021

e commerce zkHJ0HP - Global Banking | Finance

By Andy Bojko, Director at Hidepark Leather

With many retailers hit hard this year by the pandemic, businesses are turning to ecommerce to regain lost sales in 2021 as their customers move online to conduct their shopping.

The events of 2020 have caused a significant shift in buying habits, meaning online sales will become a lifeline for many businesses over the next year. To help ecommerce retailers set up for 2021, Andy Bojko, Director at Hidepark Leather, has listed 3 tips below on how businesses can successfully implement small changes to their website to succeed over the next year.

1. Focus on the personal connection you have with customers

Amazon dominates the ecommerce market with its competitive pricing and rapid delivery options, with the service being particularly popular among students who can sign up for a student Prime account for just a small fee each month. To compete with this, your business must focus on its unique selling point with customers if it wishes to set itself apart from competitors and retailing giants like Amazon.

Although young generations are keen to capitalise on speedy delivery, they also seek more interpersonal connections with brands in a sea of faceless corporate giants. With the pandemic putting many businesses at risk, consumers are looking to help out local firms so you should ensure that your business is on the radar of the local community. Providing vouchers or discounts to these customers can be a great way to ensure you are instilling loyalty and can help convert this audience to make a sale.

2. Use the data available to you to improve customer experiences 

When planning for 2021, ecommerce retailers should take the time to analyse their Google Analytics traffic from previous years during periods that are expected to be busy, to see which products have previously received the most interest or performed best. Businesses can use this data to place these products as readily available through paid social or present them as hero products on the website so customers can easily find the product.

Businesses must also ensure the way they engage with their customers in 2021 is seamless if they wish to stand out from the sea of communications that their audience will receive. This may be by offering special offers through targeted email marketing or creating a series of paid adverts that re-target customers who have previously engaged with your brand. By using a sense of repetition, businesses can work to instill loyalty in their customers and attempt to create a unique brand experience for their audience.

3. Ensure your website design is flawless

With the vast array of competition which businesses are facing online, they must ensure their website is simple and easy for customers to use if they wish to avoid losing them to a competitor’s site. Having strong calls to action on your site can ensure users are not lost along their journey and that they can check out efficiently. Your website should also have clear contact details or a contact form so that customers can easily get in touch with any queries they may have when using the site.

Online security is incredibly important to customers who are wary of their personal information being stolen whilst they pay for a product or service. To ensure customers feel comfortable when using your site, you should ensure your business has the latest secure financial technology to help reassure customers that their money will be safe once they have handed over their details.

Services such as PayPal and the new ‘buy now, pay later’ offerings from Klarna can act as trust signals to customers when they are looking to convert, so businesses should consider adding a section to the site, perhaps in the header or footer which shows the payment options available to consumers.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post