Blog>Why eCommerce Will Benefit Your Brand
In the digital age, it’s more important than ever for businesses to have a strong online presence. eCommerce, or the buying and selling of products and services online, has become an integral part of this presence for many companies.
In fact, eCommerce sales in the UK are expected to push £185.22 billion in 2021. But why should your brand consider jumping on the eCommerce bandwagon? Here are five ways eCommerce can benefit your brand.
One of the biggest advantages of eCommerce is the ability to reach a much wider audience. Through an eCommerce website, a business can sell its products to customers anywhere in the world, without the need to open physical stores in each country. This not only increases the potential customer base, but makes it easier for businesses to enter new markets.
This increased reach translates to increased visibility. Brands have the opportunity to be found by potential customers through search engines, social media, and other online channels, which can help to drive website traffic and increase brand awareness.
Consumers of today are busier than ever, with less and less individuals having the time to shop. eCommerce enables customers to shop from the comfort and convenience of their own home or on the go, without the need to physically visit a store. This can be especially appealing for those who live in rural areas or have mobility issues, without easy access to a brick-and-mortar store.
eCommerce also allows for a more personalised shopping experience. Online retailers can use data analytics to track customers’ browsing and buying habits, which can then be used to make personalised recommendations and tailor advertising. Additionally, eCommerce websites often have built-in review systems, which allow customers to share their thoughts on products, giving potential customers a better idea of what to expect when they make a purchase.
It follows that increased customer convenience should lead to increased sales and revenue. In fact, studies have shown that eCommerce can lead to a 20-40% increase in sales for businesses. An online store enables you to sell around the clock, even when your physical store is closed.
eCommerce can help to improve CRM. In tracking purchases and interactions, you can gain a better insight into your customer’s needs and preferences. This allows you to personalise marketing efforts and offer targeted promotions to increase customer loyalty.
An online presence also makes it easier for customers to contact you with questions or concerns, meaning you can address any issues promptly, improving the customer experience.
Marketing and advertising can be expensive, especially for small businesses. However, eCommerce can be a cost-effective means of reaching potential customers.
Online advertising platforms like Google Ads and Facebook Ads allow you to target specific demographics and interests, ensuring that your ads are seen by the right people. This can be more cost-effective than traditional forms of advertising, as you pay per click.
Digital advertising also enables you to track the results of your marketing efforts, and in identifying which campaigns are driving the most traffic and sales, you can make informed decisions on where to allocate your marketing budget.
By leveraging the power of eCommerce, you can reach a wider audience, drive sales, and grow your business.
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