Therefore, it's no surprise that global eCommerce sales are expected to hit $5.5 trillion in 2022, according to Statista. But while you have more potential customers, more competitors are also trying to take their share of the eCommerce pie.
So, don't expect internet users to land on your website and launch a buying spree without your effort. That's why marketing is vital to any successful eCommerce business's operations.
Now, there's no single strategy that works for every eCommerce business. So how do you know the best for your business?
ecommerce app development company guide will show you the most effective marketing strategies and how to identify the best for your needs.
How do you know what strategy is best for your eCommerce business?
As I mentioned earlier, every eCommerce business's marketing strategy is unique according to various factors. Nevertheless, here are three critical considerations to help you discover the best marketing strategy for your eCommerce business.
Your ideal buyer
While billions of users are online, only a few profiles of people qualify as your ideal customer. Therefore, defining your ideal buyers will determine most of your marketing and even business decisions.
You can define your ideal buyer by creating a buyer persona, which will include details such as:
• Name
• Gender
• Age
• Income
• Favorite marketing channels
• Location
• Pain points
• Ambitions
• Hobbies
These pieces of information will determine elements of your marketing campaigns, such as marketing channels, brand voice, targeting criteria, and more. Here's an eCommerce buyer persona example from Drip:
Your marketing goals
Although your overall goal is to acquire more customers and revenue, there are many stages of that journey. Your marketing campaigns at various buyer journey stages will have different goals.
Common marketing goals for eCommerce businesses include:
• Brand awareness
• Lead acquisition
• Customer acquisition
• Customer retention
Once you have a goal for your marketing campaign, it will inform your marketing messages, channels, and tasks. You must also define the metrics to measure your goal during the goal-setting process.
Without setting a goal for your marketing campaigns, you can easily fall into a scattergun approach. As a result, there'll be no way to measure the success or failure of your campaigns.
Your marketing budget
First, your overall budget will determine the channels you'll focus on. With a big budget, you can have more space to experiment. However, a small budget will restrict you to only a tried-and-tested strategy.
Whatever your budget, it's vital to optimize it to obtain the best result possible.
Considering these factors, you can create a unique ecommerce app development company marketing strategy to meet your business needs.
The best eCommerce marketing strategies
Below, we'll consider six proven strategies to help you reach more customers. Of course, you can combine some of these strategies to achieve your marketing goals.
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