Important Tips To Keep in Mind To Scale Your Online Store
With eCommerce at an all-time high, more small businesses are realizing that they have to consider scaling up. A larger online presence is more important than ever before, due to the technological revolution and recent world events. Which is making it important for every business to leverage these opportunities before getting left behind!
We realize that growth in the online business world has a whole slew of challenges associated with it. Your concerns are likely manyfold and include how to deal with an increase in traffic, a surge in payroll, social media engagement, public visibility, and the expectations that come with your newfound size. Scaling your online business may seem daunting at first, but we've outlined a few tips that'll help you get started!
Tips On How to Scale Your Online Business
1. Devise a Marketing Plan
It all starts with a good strategy on how to market your business effectively. If you scale up your infrastructure and productivity, but your customer base does not scale with it, then you're effectively out of business. Without a robust marketing plan in place, your scaling attempts will be for naught. So how do we market our businesses effectively?
Paid media - utilizing paid marketing on social media and other platforms can help you reach a wide audience; far wider than an organic approach. This could very well be the shot in the arm that your business requires! You could even leverage social media analytics to ensure that your paid ads are optimal.
Repeated engagement - also known as "retargeting", this strategy will help you connect with customers who were on the fence about purchasing your product in the past. Perhaps you've started to grow, and the customer would reconsider buying your product. Retargeting them will give them a reminder that you exist and offer something great for them! Even something as simple as running a meaningful story ad will help turn your retargeting efforts up to eleven.
Harness SEO - SEO, or Search Engine Optimization, is exactly what it sounds like: it's the process by which you tailor your website's content in such a way that search engines will be more likely to recommend your webpage to potential customers. The more robust your SEO, the higher your pages will appear on the search engine.
2. Automate!
The larger your business, the more labor will be required for the firm to function. Thankfully, some systems can help automate a lot of the more tedious tasks. This would free up a sizable portion of time (and money) for you to focus on other tasks. Investing in automation, especially on your backend, may become a net positive for you when your start scaling your online store.
3. Keep Customers Happy and Engaged
A delighted customer base is one that you retain and one that spreads the word about your great offerings. The happier they are, the more loyal your buyers will be, and the larger your business will grow.
Here's how:
Provide great customer service.
This should be common sense. If you provide poor service, customers will look elsewhere. Nobody wants to feel like they are being used for the money, after all.
Focus on outsourcing fulfillment.
The larger your business gets, the slower it will be to fulfill the orders yourself. Outsource this delivery process to experts to ensure that customers get their orders quickly and accurately, thus retaining their satisfaction or even enhancing it!
Engage in social media analytics and customer review analysis.
It's important to know that your social media presence is as robust as it could be. If your management is lacking, customers may lose interest in your products. Moreover, if your customers are leaving poor reviews online, they aren't happy and something needs to be done.
Don't fight customers on the review pages or ignore reviews, like a lot of smaller firms do: as you're scaling, you must understand that perception is key. The larger you become, the more visible your faults will be. Customers always come first!
Build a solid foundation to become referent of eCommerce!
Tips On How to Scale Your Online Business
As mentioned, backend management is a huge part of scaling, because it reduces payroll expenses and time sinks. Seeed has a great tool for automating inventory systems in the digital realm: PIIM CLOUD.
In short, this app is a robust tool that helps you:
Sync your inventory catalog
Keep track of eCommerce sales and other metrics to help grow your platform
Fulfill orders seamlessly
Ensure fast delivery times across all channels
Increase the accuracy of your inventory
Obtain marketplace support via BigCommerce
Analyze data effortlessly and quickly to boost your growth
With PIIM handling the inventory side of things, you will be able to focus on engaging with customers and growing your brand.
How To Choose Your New Payment Processor
Payment solutions are important to consider when scaling your business. We've all heard of the small mom-and-pop restaurant that only takes cash. They never seem to grow because they're constantly turning down potential customers who would rather find somewhere else to eat than drive to the nearest ATM.
The same concept applies to eCommerce as well. Companies that fail to take popular payment options like PayPal, Google Pay, Apple Pay, etc. are losing potential sales, and also failing to scale their online stores. Yes, some of these options may require a small investment; however, the potential gain in client acquisition, far outweighs this expense.
Do not fall into the trap of failing to scale your payment options as you scale the rest of your business! SaaS platforms are likely the way to go.
Wanda by Seeed, is one of many SaaS options and payment processors that specializes in companies that are scaling their eCommerce presence.
How To Automate the eCommerce Process
Payment solutions are important to consider when scaling your business. We've all heard of the small mom-and-pop restaurant that only takes cash. They never seem to grow because they're constantly turning down potential customers who would rather find somewhere else to eat than drive to the nearest ATM.
Automation is the future of eCommerce. It can help retailers to increase the speed of their workflow, reduce cost and time, and improve customer experience. In order to truly grow and scale your online store, you can automate processes such as:
Order acceptance
eCommerce websites can automate the process of accepting orders from customers. This is done by gathering site visitor information and using it to generate personalized offers for them.
Customer information
Collecting customer information enables companies to tailor their services and products to suit the needs of their clients. Collecting information on a potential customer can also lead to better marketing strategies, which in turn helps companies retain customers and boost revenue.
Repetitive tasks
A business's reliance on manual processes too much often causes more harm than good. Automate the process, then delegate more control to your staff.
Go Headless to improve your site performance with the help of Seeed
Headless eCommerce will unlock your scaling potential. But what exactly is it?
A headless (or "decoupled") CMS blends the power of API with a serverless (aka "headless") infrastructure. In other words, all of your CMSes will be combined into a single entity that is not anchored onto one particular server. With cloud computing at an all-time high, leveraging a headless system will ensure that your business is future-proofed to the max: and it won't be bogged down by those inconvenient backend servers. If it sounds complicated, there's no need to struggle: Seeed offers plenty of headless solutions here.
Conclusion
Scaling your online business is pretty daunting at first. We've outlined some tips on how to scale your store, but most entrepreneurs need a deeper dive - or, better yet, an ally in the whole process. Partner up with LLC, experts on the scaling process and eCommerce as a whole.
