The global footwear industry is predicted to grow at a Compound annual growth rate (CAGR) of 7.5 percent over the next four years. In light of the fast expansion of the footwear market, a promising business you can start to venture into is an online shoe store. 

Why Should You Sell Shoes Online?

Some company niches will always be relevant, no matter what is going on in the country, the weather, or other external factors that we can’t control. In addition to clothing, footwear is a product that will always be popular and will never be affected by such conditions. 

Here are some of the reasons why you should start selling shoes online:

• There is always a demand for shoes. Almost every adult, buys at least two pairs of footwear each year. And according to studies, a person from the US’s monthly spending on shoes costs around $392 a year. Furthermore, for some of us, the act of shoe shopping serves as a form of relaxation (especially for women).
• You have various options. You have complete discretion over what type of shoes you will sell and how you want to organize your product line to best compete with the other companies on the market.
• You can now sell shoes without having your own factory. Shoes can now be sold online without having to have a factory. There are already a lot of choices where you can source your shoe products without having to manufacture them yourself.  All you have to do is track down reputable vendors.

It is now very easy to start an eCommerce shop in this time and age of the internet. You don’t need to go to and fro either just to manage and maintain it.

So if you’re ready, let’s move on to our comprehensive guide on you can start a shoe business online from scratch!

A Step-by-Step Guide on How to Start A Successful Online Shoe Retail Store

Starting an eCommerce store is not an easy task and online retail stores always start with researching and learning about their target market. Thus, this is the first step in our list: 

Step 1: Conduct Market Research

It is entirely up to you whether you want to sell men’s or women’s shoes, sneakers, boots, or any other variety. It’s an excellent idea to conduct market research to figure out what works and what doesn’t. Assuming that you’re from Europe and wish to sell in the Asian market. Begin by asking, “What are the best-selling shoes in Asia?” Which product do I want to concentrate on? How will I keep my company going?

If your plan is to sell just any type of shoes, then you’re already making a bad decision. Of course, everyone requires shoes. However, in eCommerce, targeting everyone is a dangerous move. We recommend starting with a specialized product that addresses unique market demands. You may have worked it out by now, but in case you haven’t, here’s what you can do.

Rather than thinking, “I want to sell men’s shoes,” concentrate on a specific market like leather shoes, knee-high boots, sneakers, etc. Narrowing down your options and focusing on a niche will help your business get in front of the correct audience.

There are many ways how you can do market research to figure out what your niche is:

• Check out big shoe retail stores like Amazon, Etsy, and eBay. Find out what kinds and types, and designs of shoes are being sold there and which ones are flying off the shelves.
• Conduct surveys, polls, or interviews. This will help you determine what many customers like.
• Use Market Research Tools. Helpful tools like Google Trends, Google Keyword Planning Tool, and even Google’s Search Suggestions will help you find information about stuff relevant to selling shoes online.

Whatever specific shoe product category you choose for your shoe retail store, you have to make sure that you have enough data about your market. This will help you focus and succeed on the next step: knowing where and how to source your products.

Step 2: Know Where and How to Source Out Your Shoe Products

Now that you know what types of shoes you want to carry out and who your potential consumers are, it’s time to figure out where you’ll get them. Your sources could include used or pre-owned shoes, as well as bulk purchases from wholesalers, manufacturers, dropshipping vendors, or print-on-demand providers.

Here are some of the things you should consider when finding your shoe product source:

• Pre-Owned Shoes

In most cases, used shoes are less expensive than new shoes. There is no reason why you can’t buy as many pairs of old shoes as you can afford using this option. Useful for a costume party or other special event, worn shoes are more cost-effective than new ones.

• Wholesale

Purchasing wholesale shoes is a great method to get the greatest brands at low prices. Shoes are known by several names worldwide. With so many internet stores selling shoes in quantity, it’s easy to get cheap sneakers. Branded shoes are pricey but can be obtained at wholesale rates.

• Manufacturing

Spend as much time as you want on the business. If you enjoy the work and have some experience, you can start small and handle the entire company yourself. With everyday business and process changes, there will always be a need for new features, products, and services. You can also use a variety of business models and pricing tiers to reach a wide range of clients.

• Dropshipping

To fulfill customer orders using the dropshipping model, you will collaborate with dropshipping suppliers or wholesalers. When a customer places an order, you purchase the shoes from a supplier. The shoes will subsequently be delivered to your clients directly.

You can use ShopShipShake or other platforms to look for established shoe retail stores where you can source your products.

• Print-On-Demand

Lastly, we have a print-on-demand option. This option allows you to source shoe products from suppliers of white-label products where you can sell shoes on a pre-order basis with your own custom designs. Print-on-demand is more efficient and does not need you to handle shoe products physically. Examples of POD platforms for shoe products are Printify, InterestPrint, and Printy6.

Before selecting a POD platform, you must consider the following questions:

• Where are the shoe products from?
• What is the required minimum order quantity?
• What is the cost of a sample?
• What is the cost of production?
• What is the expected turnaround time?

You should have the answers for all these, so you can decide on the best fabric, type, and specifications that are best for your target market. So before making an account, make sure that they comply with the shoe requirements based on your market research. It is also a good idea to request a sample of the items to make sure that you can satisfy your target market with their quality and specifications.

We’re almost done with researching. So let’s discover next where you can sell them.

Step 3: Know Where To Sell Your Shoe Products

There are two main options where you can sell shoes online: on online marketplaces or on your own online store. 

1. Marketplaces

Marketplaces are platforms that allow people to establish their own shops in a so-called ‘online market’ and sell their products. Usually, these websites already have high traffic or visitors so you’ll products have higher chances of being discovered and bought. It does not cost a lot too because you only need to pay for the listing fees. However, there are also restrictions and regulations that you need to adhere to so you can be allowed to sell from these platforms. Some marketplaces include Etsy, Amazon, and eBay.

2. ECommerce Platforms

On the other hand, you can build your own eCommerce shop with platforms like WooCommerce, Shopify, BigCommerce, or Magento. These eCommerce solutions have a huge set of functions that can help you build, manage, and maintain your online store. The downside of this option is that you need to market and improve your site visibility hard on the search engine in order to be found by customers. However, this option also gives you the freedom to market and sell without restrictions which makes it a more viable option for big brands.

The best site to sell online depends on your niche, needs, and ambitions. For eCommerce newbies, online marketplaces are a great place to start because they reduce upfront costs, risks, and time.

You can also build up your eCommerce website if you already have a well-known brand and don’t want to split your revenues with the marketplace.

Step 4: Develop an Online Shoe Store Business Plan

To succeed in an online shoe retail business, you must have a well-defined and strategic business plan in place. Your online shoe store business plan will be the foundation of your business and will keep you focused on your goals and developing it is the most important step toward achieving your aim of launching an online shoe line.

Let’s take a closer look at the processes and things you must define when developing an online shoe store business plan:

• Write an Executive Summary: Write a brief introduction to your company, its owners, target market, the amount of credit you wish to take out, and the purpose for launching your retail shoe stores.
• Define Your Ownership Structure. Indicate the type of ownership, such as sole proprietorship, partnership, or corporation.
• List Down Your Products. List the items you wish to sell in your retail shoe stores whether they’re women’s shoes, men’s shoes, children’s shoes, or industrial shoes.
• Include Your Market Analysis: Specify the demographic you want to reach, such as fashion-conscious female customers, homemakers, professionals, and so on. Also, explain how you expect to recruit and address the needs of this demographic. It is also critical to demonstrate how you intend to contact them.
• Develop a Sales Strategy: Describe how you aim to increase sales. This involves appealing product displays, as well as selling online through your website, social media sites, or third-party markets. Provide a sales forecast and milestones, as well as a competitive advantage.
• Define Your Management Structure. Describe your organizational structure, the manager’s functions, the manager’s support personnel, their positions, departments, training costs, salaries, and benefits.
• Do a Financial Planning. Provide a break-even analysis, expected profit and loss, cash flow, balance sheet, and company ratios in your online shoe store business plan.

Step 5: Get Your Business Registered and Understand the Legal Requirements for ECommerce

One of the most typical early mistakes made by a start-up business is failing to recognize the importance of legal requirements and existing law in conducting business. Before you even start an online business and have a website in place, you should always make sure that it is legal in order to avoid any legal issues in the future.

To guarantee that you are respecting patent, trademark, and copyright laws, the first thing on your list should be to validate that your selected business name is not already in use in the market. As a business owner, consulting state authorities or visiting government websites for the appropriate legal information can also assist you in gaining a sufficient understanding of the unique needs required for your eCommerce business.

It will take less time to do the right thing than it will remedy something that has not been done. No entrepreneur wants to see a thriving business fail due to legal concerns, so prioritize it first and foremost from the start.

Step 6: Setup Your Brand

Once you’ve dealt with the legal requirements for your eCommerce shop, you can now start building your brand.

A successful and complete brand strategy should include the following components as part of the process:

• Identifying a brand
• Analyzing competitors
• The target audience
• The voice of the brand
• The brand’s message and story

Branding comprises three major criteria: How are you unusual, trustworthy, memorable, and pleasant to your ideal customer? It will convey your mission, promises, and problem-solving skills. This is a crucial phase when building a brand from scratch (whether you are just starting or already established). You wouldn’t make a house without a plan, would you? Your brand is the same. Brand strategy is the blueprint for how the world sees your company.

You will never have perfect control over how your brand is seen by others. You can direct clients, make an excellent first impression, and maintain your reputation, but you have no influence over their perceptions (say, if they had a bad customer service experience). All you can do is put your best foot forward and work to establish a connection with your intended audience. However, you now have the necessary tools, experience, and resources to get started.

Step 7: Setup Your Online Shoe Store

After setting up your brand, you can now start building your eCommerce shop.

Let’s look at how to set up retail shoe stores on several platforms:

1. For an ECommerce Website: Buy a Domain and Develop your Website

In order to start a website of your own, you need to own a domain first. Your domain name will represent your website in the search engines and therefore is the first step before developing a website. You can buy domains from NameCheap, GoDaddy, HostGator, Bluehost, and more. You will be asked by eCommerce platforms about your domain name anyway, so make sure you have it before even trying to subscribe to them.

Next, you should now set up your own website. Whether you choose to create it using Shopify, Wix, WooCommerce, etc., we can assure you that everything will be easy to set up with the available themes already in place that you can immediately use for your store. 

2. For a Marketplace: Open a Marketplace Seller Account

It is easy to open a marketplace seller account. You only need to comply and provide the information required to register such as your business name, Tax Identification Number, Account Numbers, and any legal documents that are required by the platform. Once you finish setting up your seller account, you can start listing your products immediately.

3. Another Option: Set up Shops on Social Media

Selling shoes on social media is also a good idea. Most popular social media networks provide business-specific functionality. For example, you can use Facebook Shops to create a successful online shoe store for Facebook customers. Better yet, you can make your Facebook profile look like your own website. See our guide to selling on Facebook for additional details.

Step 8: Arrange a Photoshoot 

If you already have the stocks on hand, it’s time for shoe photography. Arrange a photoshoot to take photos of your shoe products. Shoe photography is an essential step because your shoe product photos will represent your actual products and will be used to display on your online shop.

Aside from the camera and high-definition lenses, there are several other aspects that will influence the final image. You may photograph them focused only on the shoes. You can use shoes editing app like Removal.AI, a background remover to give you the white background you need. You can photograph them while they are being worn to show the scale and the usability of the shoe product. You must strategize and take the right shoe photos to make it marketable and inviting to your customers. 

Step 9: Make Your Product Photos Ready for Web

Time is money, and many customers are unwilling to wait for an online business to load quickly enough. As a result, you must optimize your photos for the best possible quality while still keeping the page load speed in mind. Fortunately, there are free shoe editing apps available to assist you in optimizing your photos and striking that balance. Some of these tools are: TinyPNG, Kraken.io, and Compressor

Finally, ensure that you accurately label your shoe photographs and include metadata and keywords that can help enhance your search ranking.

Step 10: Know How to Market Them

After listing your shoe items, you need to exert your best effort in planning and implementing your excellent marketing strategy. The following are some of the most essential steps in the process:

• SEO. For your own eCommerce store, you need to optimize your website for search engines to increase its visibility.
• Contextual Advertising. An excellent method of promoting your platform to potential customers is making use of advertisements to boost your online shoe store’s presence.
• Email marketing. It is a great way to stay in touch with your customers and provide exciting news, such as a big sale or the debut of new products. Also, you can ask customers if they’re satisfied with the products they’ve already purchased.
• Social media. Invite your customers to like your social media pages and engage with them to build a relationship with them through your postings. Respond to user feedback, address their inquiries, and set up surveys. Also, don’t forget about advertising that is specifically targeted!
• Blog. Anyone can boost website promotion by running a blog with articles. It’s an excellent method to anticipate some of the user’s questions before they’ve ever been asked.

Step 11: Find Tools to Automate Your Business

As a result of business automation, brands can now achieve more with less and grow at a rate that has never been feasible before. The idea is that business size doesn’t matter so much, and automation can give an advantage to smaller brands, which can adapt faster than their larger competitors to new trends.

Automation isn’t just for large corporations, and online shoe stores will have access to more and more automation solutions in the coming years. 

You should now be ready how to establish a successful online shoe store. You now have a good idea of how to start one from finding the right shoes to developing a shoe retail store, preparing a business strategy, and marketing, among other things. Putting this knowledge into action is the best time to do it right now.

Wrapping up

We at ShopShipShake have been working with businesses like yours with fulfilling experiences. We offer one-stop services, including an efficient supply chain, over 10 thousand of China’s suppliers, and more. With a successful track record of over 20,000 clients, we are sure to deliver your orders requirements. Let’s get in touch to build, sustain, and grow your businesses.

If you would like to know more details about us, please contact with us:  www.shopshipshake.co.za

If you are interested in cooperating with us. Please register on: https://bit.ly/3ks0m1M

See the original article: https://removal.ai/how-to-start-an-online-shoe-retail-store/

It’s understandable that small enterprises have found themselves online out of necessity as e-commerce adoption accelerated by three to five years as a result of the Covid-19 pandemic, and online retail in South Africa in 2020 grew by 66%.

To help entrepreneurs who want to iron out the creases in their online presence, Peach Payments’ head of SME growth and marketing, Joshua Shimkin, highlights six mistakes SMEs tend to make online, and how to solve them.

1. Social media profiles, but no website

Social media is an easy way for many SMEs to get in touch with their customers, and sell to them. Most social media platforms – including Facebook, Instagram, TikTok and Pinterest – also offer some way of accepting payments.

“But if there is no website that customers can refer to when they’re looking for your business, they’re just as likely to buy from your competitor’s Instagram profile, which has an accompanying website to support their online presence, where they can see shipping policies and refund/return policies. Customers are still more used to finding those key signals of trust on websites,” Shimkin warns.

Instead, spend time putting together a basic website on Wix, WordPress or Shopify, and then link to it from all your company’s social media profiles.

2. All the socials – and all outdated

“Don’t think it’s essential to be on every single social media platform out there,” Shimkin says. He believes it is much more important to have one or two active and fun social media profiles than to have outdated and boring content associated with your business spread across ten different social media platforms.

“Choose the social media platforms you focus on based on what you know about each platform’s users,” he advises.

For instance, if you have gorgeous pics of the homemade food you deliver, Instagram and Pinterest are likely to be more useful for your business than a more staid LinkedIn post. Add a quick video and you also have content for TikTok and Instagram. Remember to include links to your profiles on your website, and deactivate all old profiles on social media platforms you decide don’t work for your business.

“That way people won’t see old content, and wonder if you’re still in business,” Shimkin says.

3. An outdated and clunky website

Once your website is up, it’s important to keep it updated with new blog posts, new products, and updated payments technology. This is what will make people come back, looking for your products and services.

Use the free templates in popular website builders like Wix, WordPress or Shopify to ensure your website is mobile-friendly because it’s non-negotiable in 2022. And it is particularly important in Africa, where mobile is the most popular way for people to access e-commerce.

“You don’t necessarily need to spend money on developing an app, but you do need to make sure your website is easy to read on a mobile screen,” Shimkin advises.

Also make sure you have an easy, reassuring checkout process with multiple payment options (credit and debit cards, QR codes and instant EFTs) so that customers have a number of ways to pay securely.

4. Ignoring local SEO

You may not be interested in landing on the first page of global search engines, but you should make sure that your business website hits the first page on any “near me” searches on Google,” Shimkin says.

This local search engine optimisation (SEO) can make or break your brick-and-mortar business, particularly if your business is the type that only services your local neighbourhood or city, and not the whole country – like a local restaurant that offers online ordering. It is also important if you’re an online business that isn’t yet ready to start shipping internationally.

Two of the easiest ways to improve your local SEO results are to embed a Google Map in your Contact Us page and to verify your Google My Business page. Also include these details on all your social media profiles as well, so your website becomes the hub for all your marketing activities, such as newsletters and special offers.

5. Not remarketing to your online customers

Take time to learn about and use the remarketing tools that come with all e-commerce website builders to your advantage. They will help you to better understand who your online customers are, where they’re based and how many people come to your website but don’t buy anything. It will also give you insight into how long they spend on your site, where they are getting stuck on your site, and which type of device (mobile or desktop) they are using – all useful to help you tailor your offering.

Google Analytics is a free and powerful tool to help you understand who your clients are – and not just who you dream or hope they are. That will help you serve their needs better. Shopify, Wix and WordPress all have easy integrations that incorporate Google Analytics seamlessly.

6. Be meticulous about checking your online pricing

Online mistakes can cost you – but none more than making a blunder like uploading a new product and leaving its pricing at R0 or R10 ,00, when it should be R100. This is something that happens surprisingly often and can be prevented with a quick double-check before making any product live.

“It may seem daunting, but it is pretty easy to fix minor mistakes that you may have made while rushing to get online. The difference it will make to your online business is likely to show very quickly,” Shimkin concludes.

Wrapping up

We at ShopShipShake have been working with businesses like yours with fulfilling experiences. We offer one-stop services, including an efficient supply chain, over 10 thousand of China’s suppliers, and more. With a successful track record of over 20,000 clients, we are sure to deliver your orders requirements. Let’s get in touch to build, sustain, and grow your businesses.

If you would like to know more details about us, please contact with us:  www.shopshipshake.co.za

If you are interested in cooperating with us. Please register on: https://bit.ly/3ks0m1M

See the original article: https://www.bizcommunity.com/Article/196/837/231442.html

Historically, spring is a busy time for small businesses, who have an unmatched opportunity to capitalise on the energy and positivity of the warmer months. This spring will be particularly unique – it will be the first warm season in over two years that South Africans can enjoy without needing to adhere to Covid-19 restrictions.

These five strategies will help you make sure that your small business is well-positioned for success, ahead of the busy season.

Weave the spring narrative into your marketing collateral

The season spring is associated with renewal and rejuvenation – a period of new beginnings. You can use these associations to encourage new sales by incorporating the spring narrative into your marketing efforts on social media, emails and website and blog content.

Encourage your customers to ’embrace the new, put a spring back in their step, spread the good vibes’ or ‘spring into the season’ by purchasing your product or service – perhaps at a once-off discounted rate or with an added incentive to drive repeat buying.

Use spring as a launchpad for a new product or service

The new season is the perfect time to launch a new product or service offering. Spring provides a way to get your marketing message across strongly and to begin pushing sales on new items so that these products and services are well established in the market before the festive period.
Remember that spring is a highly competitive time of year, particularly in the retail industry. So when launching a new offering, refine your value proposition to focus on one or more of these key differentiating factors: price, value and service.

Leverage outdoor markets and events

Increased sunshine and longer daylight hours are associated with positive emotions, which makes spring the best time of year to return to the outdoors. This year in particular, the relaxation of Covid-19 restrictions may encourage more customers to attend outdoor functions and networking events.

Bear in mind that at an outdoor event, your display or promotional area will need to stand out in a crowd of other vendors. Conduct extensive market research to ascertain whether an investment into aspects such as signage, equipment and mobile fittings will produce a worthy positive return.

Due to the availability of a larger space, outdoor markets and events also lend themselves to product demonstrations, sample giveaways and experiential elements that will give your audience a taste of what you are offering. Leverage the ‘buzz’ and activity of these types of events to engage with customers face to face, spark conversation and add an element of tangibility to your product or service offering.

Build a content community

With more people venturing into the outdoors during spring and sharing their experiences on social media, you can use this time of year to engage with your audience online and build a community around your product or service.

You could do this by hosting competitions, posting positive reviews, profiling your customers, and using micro-influencers to promote your offering. Heading into the last quarter of the year, the rise of ‘social commerce’ will provide small and medium enterprises (SMEs) with an opportunity to use the power of social endorsement to drive sales and get people talking about what you do.

Collaborate with seasonal small-sized enterprises

A number of small-sized enterprises rely on specific seasons to generate sales and drive profitability. During spring for example, small businesses supplying items such as artisanal ice-cream, swimwear, outdoor gear, exercising equipment and clothing and travel accessories are in high demand.

You can take advantage of this spike in demand by partnering with other small businesses that can complement your offering. Collaborating in this way will allow you to combine forces and tap into another small-sized enterprise’s established audience, while adding value and promoting the element of fun and whimsy with which the season is associated.

Wrapping up

We at ShopShipShake have been working with businesses like yours with fulfilling experiences. We offer one-stop services, including an efficient supply chain, over 10 thousand of China’s suppliers, and more. With a successful track record of over 20,000 clients, we are sure to deliveryour orders requirements. Let’s get in touch to build, sustain, and grow yourbusinesses.

If you would like to know more details about us, please contact with us:  www.shopshipshake.co.za

If you are interested in cooperating with us. Please register on: https://bit.ly/3ks0m1M

See the original article on: https://www.bizcommunity.com/Article/196/841/231266.html

Economic uncertainty and changing consumer behaviours are exposing a complicated reality. For retailers, it’s never been more important to deliver excellent customer experiences alongside competitive prices on in-stock products.

But even in a best-case scenario, a major shift in consumer sentiment is likely. What does that mean for retailers as they prepare for the 2022 holiday shopping season?

As companies try to drive profitable growth by optimising their promotional calendars, they are asking one question: How can we attract new shoppers and keep existing ones coming back for more? This year, retailers will focus on developing data acquisition strategies, bridging the physical-digital divide, and building stronger partnerships.

On a bigger scale, though, they will need to invest as heavily in the post-purchase experience as in the path-to-purchase, combining test-and-learn tactics with proven revenue drivers such as flash sales and special promotions.

Here, we provide the insights and methods you’ll need to prepare for your peak-demand activities, including the holiday shopping season and door-busting special events.

Customer data is the fuel that ignites loyalty – and growth

The rapid rise of e-commerce in 2020 and 2021 may not be repeated in 2022. Tightening margins, however, make it more crucial than ever for retailers to embrace digital to accelerate their customer acquisition strategy. Today, operating a website alone is insufficient; data and personalisation are what convert new clients into devoted shoppers.

Exclusive experiences drive loyalty

In order to gather first-party data before Google and other digital platforms stop supporting cookies in 2023, retailers are relying on loyalty programmes. But retailers need to make the data-for-rewards trade valuable if they want to increase loyalty membership in a year when customers are probably going to purchase less and at fewer stores.

To achieve this, they must adapt their programmes to speak to the rational and emotional demands of consumers. How? By putting member experiences ahead of transactional arrangements. This is crucial to remember as shops battle for the money of younger generations. Millennials and Gen Zers place a greater value on exclusive access to limited products and experiences than Gen X and Baby Boomers do.

This looks like:

• Early access: Giving members the chance to shop Black Friday deals before Black Friday, ensures they have access to products that are likely to sell out (while avoiding crowds, too)

• Free expedited shipping: Nothing says stress like realising you’ve forgotten a gift when the holiday is two days away. Help members be holiday heroes with complimentary overnight shipping so they save time and money.

• Exclusive events and products: Keep it festive online and in-store with a members-only holiday shopping party that includes limited edition products, or one-night-only deals. Consider online waiting rooms for blowout digital events.

• Gamification: Stay top-of-mind (and keep them coming back) by rewarding members for taking actions beyond transactions. That could be earning badges for downloading an app or leaving a product review.

• A net zero focus: 78% of customers say environmental practices influence their decision to buy from a company, so they look for retailers to reward loyalty members when they engage in environmentally friendly behaviours.

Connect customer data

The average retailer engages customers across digital and physical touchpoints with 44 different systems. Put yourself in the position of a time-crunched holiday shopper who has repeated her question to three different customer care representatives. Shoppers notice the disconnection resulting from internal data silos: In reality, 54% of customers believe that information is not shared between sales, service and marketing.

The pressure is on retailers to deliver the personal and consistent experiences you want your brand to represent. Companies that do this well unify customer profile data across channels, from social media to stores, enabling efficiency. Employees from any department can view data in real-time on one screen. Communications stay up-to-date and accurate, avoiding repetition, no matter how a customer chooses to interact.

Operational data intelligence

While 66% of customers expect companies to understand their unique needs and expectations, only 32% of retail executives say they have the full ability to turn data into personalised prices, offers, and products in real time across channels and touchpoints.

For retailers, using their data to connect the dots between social media, website, and app experiences is getting more complicated. However, investing in the information infrastructure to pull it off is worth it: Data-driven organisations are 23 times more likely to add new customers and 6.5 times more likely to retain them.

Here’s why: Retailers that do this well are able to anticipate their customers’ needs and preferences – removing friction during a busy time of year. Using data to personalise shopping journeys makes it easier for customers to find the products they want and check out with the payment options they prefer.

This looks like:

• Customised site search and product sort: Embed AI into search dictionaries to surface the most relevant term and customize the order in which they appear based on behavioral and customer data. That makes it faster for your customers to find the products they want – like seeing a landing page of headset images after only tapping “he” in the search bar.

• Related product displays: Engage your customers with relevant recommendations and watch conversion rates increase. If a shopper is searching for a new gaming controller, for example, it makes sense to display related products, like batteries, alongside. That also gives shoppers the chance to create their own gift bundles and takes an otherwise time-consuming merchandising effort down to a few clicks.

• Intelligent product bundling: Customers who buy wrapping paper might also need tape, ribbon, and gift tags. By analysing past purchase behaviour, you can pre-configure product bundles that increase units per transaction.

• Relevant post-product messaging: Personalised emails are a great way to cater to busy holiday shoppers – for example, when that out-of-stock gaming console becomes available just in time for holiday delivery.

• Staying top of mind: Deepen customer relationships by going beyond the buy button. Show you care about their satisfaction by inviting them to rate their purchase or their experience with customer service.

Wrapping up

We at ShopShipShake have been working with businesses like yours with fulfilling experiences. We offer one-stop services, including an efficient supply chain, over 10 thousand of China’s suppliers, and more. With a successful track record of over 20,000 clients, we are sure to deliver your orders requirements. Let’s get in touch to build, sustain, and grow your businesses.

If you would like to know more details about us, please contact with us:  www.shopshipshake.co.za

If you are interested in cooperating with us. Please register on: https://bit.ly/3ks0m1M

See original article here: https://www.bizcommunity.com/Article/196/160/231223.html

When retailers were creating an online presence, they initially excluded low-income consumers on the basis of a number of assumptions. First, these consumers were assumed to have limited access to resources; and second, retailers also assumed that delivering items to low-income consumers was difficult, given where they lived.

Historically, low-income consumers were content to purchase their products in a physical (‘brick-and-mortar’) store. However, as they became more accustomed to using the internet, their expectations changed (Gao and Su, 2017). During the Covid-19 pandemic, consumers had restricted access to traditional brick-and-mortar stores (Kibucha, 2021) and online shopping increased. The low-income segment is now growing rapidly and has become an important market for retailers to understand better.

A recent research report by the W&R Seta Leadership Chair: Gauteng revealed several important insights into low-income consumers’ online shopping behaviour and needs, which are highlighted below.

Travel costs

Travel costs are a major consideration for low-income consumers. These customers often have to travel long distances in order to purchase the items they want/need and, as they typically don’t have their own transport, they sometimes use Ubers to take them home when they have made a substantial purchase.

Travel costs can also be a major frustration, such as when these consumers travel to a retailer, only to discover that the retailer does not have sufficient available stock.

As the cost of transportation increases further, online shopping is regarded as an appropriate alternative to visiting physical stores; and so, this is a driving factor to engage in online shopping. According to the research, quite a few participants specifically stated that online shopping was more cost-effective in respect of travel (referring to taking an Uber vs paying for delivery).

Convenience drives online shopping

Consumers often prefer online shopping because of the convenience associated with it, but convenience is especially highly valued among low-income consumers.

They have limited time, they are sometimes unable to go to the stores, they work long hours, the travel time to stores is often long (because the stores are far away), they want to avoid queues and overcrowded areas, they don’t want to go to a mall, they might have a baby, or weather conditions might not be ideal. These are some of the factors that make online shopping an attractive option. A focus on communicating the convenience of online shopping can therefore be an efficient way to motivate more online shopping among this segment.

Product type

These consumers still prefer to buy certain product types in-store. These include perishable items such food that doesn’t stay fresh for very long (veggies, fruits, meats), cosmetics, and over-the-counter medication.

Most respondents said that they were not willing to buy these products online. One commented that s/he would purchase medication online if the returns policy were simple and easy to use; while in relation to cosmetics (such as make-up), participants wanted to feel and see the textures and to test the colours of products on themselves.

Regarding fresh food such as vegetables and meats, respondents feared that the goods might go off or rot during transportation, or that they might be damaged because of a delayed delivery, or that the delivery process itself would damage them. They also expressed the need to see and select the fresh items they wanted or needed in person, and not trust a store attendant to select the correct or best fresh options on their behalf.

Brick-and-mortar and online

Some consumers prefer to inspect, touch, and feel products before purchase. Others consider the selling price, the product’s quality, and the retailer’s return policy. When comparing brick-and-mortar stores with online shopping, the low-income consumers sampled in the research preferred to receive their information in the brick-and-mortar store first, and only then to order the product online.

An element of showrooming therefore takes place with this segment. Specifically, their familiarity with brick-and-mortar stores seems to drive their confidence to shop online. The physical store therefore plays an important role in supporting the move to online.

Wrapping up

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