We all are aware of the First Purchase we made if we compare the first purchase and now then you see a lot of changes. The perpetual advancement in the technology and changing phase in the Politics made e-commerce an analysis aspect for the customer as well as the seller. E-commerce came immediately and omnipresent. It can be shopped anywhere and everywhere. We can say that our digital shelves have become longer and larger, welcoming more e-commerce strategies for holidays.
What is E-commerce Strategies?
E-commerce Strategies is a buzzword, mostly the wholesale or the retail business that is traditional have faced this and depending on e-commerce. To many people, it is a simple process of establishing the offline business into the online platform.
Engaging people into your fancy Websites and creatively build e-commerce pages, that will allow the business person to sell all over the internet.
If we follow the recent Global Shopper Story that takes into account the opinion of 10,000 shoppers there are many key points found:
Omnishoppers are very crucial for the market that includes
Showrooming: here you see in the store and then buy from the online retailer
Webrooming: here usually, people searching the online and buy in the showroom.
Click and collect: people here buy online and go to the showroom to pick it up
Scan and Scram: Check the product in-store but buy it online from another retailer
Click and Ship: You check the product in the store but buy it on your mobile phone for your personal convenience
In today’s busy life both digital and retail world’s play a very vital role, while the omnishoppers may like to shop online in most of the time, but people also like to shop offline only when they have enough time. It is usually, about the experience and the discovery they can in the offline stores.
There is no less competition for the online sellers, because if we check the records then it is estimated that, 24 million e-commerce websites are there in the whole world. It seems like yesterday when the concept of e-commerce strategies blossomed in the business people’s mind.
As there are 24 million e-commerce website, out of which 650,000 stores are generating more than $1000 sales annually.
What is the current state of e-commerce?
The e-commerce state has shown an incredible growth curve if we check the last few years, the CAGR is even expected to grow to 11.1% from 2018 to 2025. One of the most popular activities in the whole worldwide includes Online Shopping. While the popularity may vary from region to region.
You can clearly see, the tremendous growth in the e-commerce marketing strategy that intensifies the competition in the business. If the competition intensifies this means that people are going to get more options to chose. It gives customers a chance to chose from even the niche categories and this can involve even both high and low level of purchase.
Increasing competition in e-commerce has led Brands attention predominantly towards user acquisition. Usually, innovative user acquisition strategies attract a number of people, however, this also requires a lot of sizeable investment. You may think, that once a customer comes up the battle is won. However, it is not, it involves post-acquisition work that has a different insight.
Once a customer comes on board, there is a high chance to drop off. Normally 70 percent of people drop off after a week and 96 percent of the users churn within 90 days.
We can surely say that if user acquisition is not coupled with successful user engagement and a perfect strategy, then there will be no results.
How can e-commerce attract new customers?
Nowadays, attracting customers is a huge task, and every e-commerce strategies involve these steps as every e-commerce business requires it. The first step to this is the having E-commerce automation checklist. Follow the below steps to have the best E-commerce strategies experience to your customers.
Trigger: For the beginning of the workflow, select a trigger, like Order Creation
condition: To keep the workflow going, set a condition, like Spend $500
action: Set an action that needs to be taken place, like Tag the Customer
This includes a few checklists that the marketers should consider for automating the e-commerce store.
Increase the customer worth
It includes having a marketing strategy in communication with your targeted customer. Reward the customer if they make more sales, gives discounts occasionally, set geo-specific promotions.
The first segment the audience according to their interest, and include personalized marketing communication. Segment the customer with the items they buy or add in the cart.
Send small handwritten notes who spend the most time on your website
Send a customized email, based on purchase history or when the items are in the cart are abandoned.
For every individual customer calculate the average spend on order.
Try to set threshold time, the time more than the average time they spend on the website. Offer the customers some gifts to add products to the cart and achieve the targeted time.
Target the incentive to drive conversions
Occasional offers to the customers, mainly target the customer birthdays
source: milled
Send the customized Birthday mails, earn the customer loyalty that helps to make the customer stay with you longer.
Geo-specific gift, filter the customer by region, place, and interest.
Decrease the cost of customer Acquisition
If you do e-commerce automation you will see a decrease in advertising spends, and reduce the customer churn, that will gradually increase the ROI of the campaigns
Keep a check on the campaigns, and pause those which are not giving any results, order more inventory before you run out of it, pause the campaigns until you are restocked.
Always keep in contact with your team, regarding every issue through channels such as Slack, Milanote, Trello, to avoid any miscommunication.
Deducing customer churning
Have criteria to pull out the customer, like time each customer spends, and the time is taken since the last session, last login, last purchase.
When a customer doesn’t show any action for some days, then start a win-back campaign for them.
Increase Conversions
You can boost your Conversions rates using this e-commerce strategies automation, make your site customized for your viewers, improve the search functionality of your website, add push notification to increase multiple purchases.
Increasing searching and merchandise the store
Give your customers a continuous merchandise shopping experience and make the shopping process easy and smooth
Show the options which are of the same color, fit, brand to continue the continuous product discovery
Add all those SKUs that have a similar description in the appropriate collection.
Add the collections tags in your site search solution, as it will be easy for the customers to filter
Push Notifications to increase the purchase
Browser push notifications are the best if you want to increase the customer’s flow and encourage them to buy.
Segment the customers according to their choices and purchase history.
Target those, customer who is always looking for new products.
Easy Payment options
Check the currency your customer prefers and tailor it accordingly for them.
Segment the customers according to their currency preference, based on their last purchase
Add promotions while they checkout, and while coming to currency add currency based on the countries.
What is Customer Experience?
It is a long journey that we are experiencing, and no journey is the same. Some people like to shop online, while others like to take advice from their family, friends, peers and then act. It is like a big puzzle that has different channels, that has both online and offline shops. However, it is up to the brands how they will create the best brand experience that is frictionless, customized and provide the customer best experience as possible.
New channels keep on adding so that the older ones could be replaced and give a better experience to the people. The higher the consumers are more the interaction is, and more the competition for the brands. Ideal customer experience should contain:
Customization
Quality Content
Omnichannel Experience
Streamlines checkout
Post-purchase experience
source: fico
How can e-commerce strategies build a strong Customer Relationship?
According to some Consumer Survey’s, 48% of the consumers left the site and made a purchase in the competitor’s site just because consumers experience a poorly customized site.
The key for a personalized experience is segmentation, it helps to create distinct journeys for the customers based on their shopping behavior. Whether the customer is a visiting the site for the first time or is a frequent buyer, there are few data points upon which a person and choices can be assessed. All these things will help create a custom persona for the customer.
66.7% of the top brands have a visually attractive homepage.
Suppose you have 3 categories of people coming to your site,
Let’s say the first category of customer to be “Type- A”, in this category, people are usually very busy and want to find the items quickly.
Then, the second category of customer to be “Type- B”, in this type, people are limited to a budget and use the navigation to find the right product that fits their budget.
The third and last category of customer, as “Type- C”, in this type, people are completely new and require a lot of information and content that will make them stick.
For Type-A category, you can add the “Add to Cart” button to all the products in the product listing page. Then for the second category “Type-B” have streamlined navigation and include more categories to the homepage. For the third category “Type- C” adding the user-generated content on the website, including all the how-to tutorials on the homepage.
You can for sure gain a good result, the conversion rate will increase to 10% and the revenue per visitor will increase to 14%
Strategy 1- Increase Loyalty by Personalized Promotions
The surveys say that 77% of consumers love discounts and encourage them to shop more. 48% of the people that discounts make them buy much faster and can take decision quicker.
source: pinterest
Do’s and Don’ts of Customer Experience
Write Bewitching Content
Do’s: Always have a variety of content, such as video, blogs, user-generated content, images, and infographics to make the people understand in details about your brand and the products that you are selling. There are a lot of infographic tools such as Visme are available which provide the best templates and tools to design amazing infographics.
Don’t: Remove all the irrelevant content, because it is one of the biggest reason, where 41% of the consumer’s back out from your website.
Engage using emails
Do’s: Post-purchasing sends the delivery updates and useful information related to the Purchase.
Don’t: Never, attack the customer with a lot of promotional emails, before they buy their first product.
Have promotions
Do’s: Place your promotions on the major locations on the homepage.
Don’ts: Avoid having inconsistent, promotions over social media sites, marketing page, and e-commerce sites.
Add “Finder” to find the store
Do’s: Include the detailed information such as the store hours, exact location, contact number, directions to store, in house services on the Store finder page.
Don’t: never add the Store Finder in the footer
Make returns easy
Do’s: Always have the return option in the product details page, so that it gives confidence that after buying a product, it turned out to be bad or wrong, they can return it anytime.
Don’t: Never add the return policy in the footer of the page.
Path Navigation to purchase
Do’s: The Purchasing path should be clear and easy for the customers to use, this encourages them to come back and buy again.
Don’t: Never launch a new website without proper A/B testing of various designs.
Strategy 2- User Generated Content (UGC)
Engage your customer with high-quality images, videos and Infographics, in addition to this have engaging content. It is the best way to nurture and educate customers.
Usually, there are two types of content that help in brand leveraging: User Generated Content and Branded Content.
User Generated content are usually customer reviews, photos, videos, that allows the brands to share genuine and authentic content from the customers after they use the product.
Branded Content normally keeps the brands on the top when the brand is going through the down cycle, it tells about the lifestyle and story of the brand.
Not just the content, we can say an image speaks a thousand words than the content. If you have checked minutely then you must have noticed that the fashion-related people who are selling their products online, use a lot of images, in different angles, with some closeup image that showcases the type of stitches, color, type of fabric. The video included provides how to use the items, and how it is made.
21.4% of the consumers say that an appealing e-commerce strategies experience motivates them to come back again and again. While 85% of the customers said that Visual UGC that include images and videos are more influential than the branded content. As 95% of people believe in other consumers and their reviews who have already used it.
Leveraging a mixture of high-quality content that has images, videos, and user-generated on the homepage will let the people know about your brand and its products.
Strategy 3- Have the Right offer at the right time
These days people have stopped differentiating between online and offline shopping. The only thing that matters is the customer experience.
To avoid the channel conflicts, co-ordinate with all channels so that it doesn’t impact your physical location, be it with your retailers, or a seller or the brand stores those who are trying to sell at full price. In other words, you can say don’t cut down the brand store, by having a lesser price in the online store.
Check how the customer buys, track down his journey and identify at which point he is getting inspired. By using that inspiration deliver the same inspiration through the consumer-preferred channel.
source: milled
According to one latest report, 74% of the people said they are more likely to make a purchase online if they can have easy returns and exchange in store.
Below you can find an optimal checklist if implemented will give customers the best experience:
High-Quality Product Images
A product description that is informative
Informative Videos
How to do- videos, tips
Add to cart button
Return Policies
Clear Pricing and Promotions
Customer Reviews
Complementary or recommended products, while buying products
Provide an easy return option, never forget to include return instruction in the order. On the e-commerce site of the brand, mention clearly all the return policies. This will remove the need of the call to action or any further customer support.
Strategy 4- Provide a smooth checkout experience
How many times have you seen that people come to your site, and add items in carts and leave abruptly? I guess too many. This clearly states that your website lacks in providing flexible payment options.
75% of customers complain about the lack of flexible payment options. Usually, brands fall as a victim investing heavily on the website videos and images, but lack in providing a smooth functionality or checkout process.
When you are planning to have an e-commerce site, both website outlook and functionality are very important. Always keep in mind, once the consumer adds an item in the cart, then have a clear checkout button both above and below the order summary. It encourages people to complete the action and also makes it easy to have the next process.
Source: Behance
Using Chatbots for conversation is also a good alternative, as using these will make the consumers feel someone is there listening. However, only 25% of the brands are only this Chats and Chatbot service on the checkout page.
Connecting the chat functionality to your website, most importantly to the Checkout Page, it provides the consumers an easy way to get clear their last-minute queries, before abandoning the cart page.
Strategy 5- Most Brands fail past checkout
The first action which most of the brands incorporate immediately after completing the check out process is sending the automated confirmation emails. Consumers read the confirmation emails, with outmost attention than that of the normal emails. It is a kind of habitual, as the email serves as a proof or a receipt.
On average, the consumers spend 4 seconds looking at a banner ad, then 7 seconds looking at a display ad, 14 seconds watching a commercial ad. While major time people spend watching unpacking their box which is estimated to be 45 seconds, in which people spend 22 seconds just removing the product from the box.
Strategy 6- Unboxing
If we follow the analysis of top e-commerce strategies of any website, then it has been seen that people get excited about the order delivery, unboxing experience, returning the item, and receiving refunds.
People are these days are too much interested in unboxing and check a lot of unboxing videos before they go to buy something. Before an item is bought, people go to the video and check the unboxing videos. So a well-designed unboxing video from the brand will increase the best unboxing experience creating an impact.
Make the packaging attractive, so that people get excited while opening it. The excitement in people will increase, and the engagement will increase to 64%, and the chances of more positive customers increases.
Always keep in mind, the size of the product you are sending, people usually complain that small products get big packaging. Due, to this one-fourth of the customers, think that the retailer is careless.
Usually, people think that packaging showcase, how much interested and careful the retailer is about the product he is selling. If it is good, then people use the product for their unboxing video experience.
Never do extensive packing, this frustrates the user. normally people want to reuse the packaging for future use. 95% of the people like to reuse the packaging if packing is good people tend to come back more.
How E-commerce Holiday Marketing Boost your sales?
Optimize your e-commerce website, at least 7 days before the D day. Start sending promotional emails, messages for the holiday. Have the influencers to promote it in social media channels. Holidays are the best time to
Get the top ranking
Increase your CTR
Improve your position in Search Engine Page Ranking
Reset your whole Website and every detail page, with a holiday mood, that attracts consumers to buy from you. It is good to run some tests on the schema that will apply to the on-page SEO with good traffic.
As the holiday becomes a ritual for shopping, increasing sales during these times become important and bring a lot of loyal customers also. Take advantage of the holiday and attract new consumers, boost sales and increase brand visibility.
If you avoid having a holiday marketing campaign, then for sure you will be overshadowed by your competitors, who will, of course, promote during holidays. Gradually, you will vanish in the huge crowd.
The major, upcoming holidays this year, if targeted then it will help you in increasing your sales:
31st October 2019- Halloween
11th November 2019- Veteran’s day
11th November 2019- Remembrance Day
28th November 2019- Thanksgiving Day
29th November 2019- Black Friday Day
2nd December 2019- Cyber Monday
24th and 25th December 2019- Christmas Eve and Christmas Day
26th December 2019- Boxing day
31st December 2019- New Year’s Eve
Below you can read in details about some useful e-commerce holiday strategies that will help increase your sales.
Facebook Messenger Marketing
Up your holiday marketing strategy with Facebook messenger marketing. It’s currently one of the untapped channels that are truly a gem.
You can think of Messenger marketing as similar to email marketing.
But Messenger marketing’s engagement rate is 80% within the first hours, there are a lot of tools like Mobile Monkey, is available which will make your work easy.
The real benefits you can get from messenger marketing comes when you use Messenger chatbots, that allows you to send messages to your Facebook page fans.
Other than that, you can also:
Build a contact list
Nurture leads
Send drip campaigns
Segment your audience
Schedule appointments
Transition to a live operator on demand
Remarket to contacts
Perform e-commerce transactions
To create messenger chatbots, you’d need to build using an easy-to-use chatbot builder like MobileMonkey
Holidize your website
Converting your whole website to holiday mode triggers people’s holiday emotion that essential for that point of time. This makes visitors stay longer and spend more time with shopping enthusiasm.
It should be memorable, not just an ad in the product detail section or special offer sections. Bring the emotional context to your website and to the elements present in it like the header, footer, CTAs, and even in the payment page.
Discounts and Sales
People expect a lot of discounts and sales on every product they are going to buy. Make sure that it is the first thing you have on your website. As you can see Black Friday is just a few days away, it is best to start promoting for the black Friday eCommerce sales.
Showcase the shoppers what they really require, as soon as they log in to your e-commerce site. This keeps them engaged and stops them from going to a competitors site.
Email Campaigns
As Black Friday is on the door, start doing Black Friday Campaigning. Promote your brand, call out for your loyal customers, increase the customer experience by providing the best customer service.
Have emails for the early birds, encourage people to buy, provide amazing discounts for the limited time.
Send some exclusive discount codes, to avail the coupon.
Provide a discount code, after a purchase is made, so that people keep on coming.
Final email, send a greeting email for the Holiday.
Social Media Engaging
Use all the Social Media platform, such as Facebook, Instagram, Twitter, Pinterest to promote your Holiday Offers and deals in the social media platform. However, it is important to connect or communicate with the people in social media, because when a person watches it he becomes curious and has questions to ask.
Use the special Holiday Hashtags and encourages the Holiday atmosphere. Ask people to use the hashtags and gift them some giveaways, discount coupons or holiday offer.
Pinterest and Instagram work wonders for visual interactions. People mostly looking in both of there sites for gift inspiration, reviews, new ideas, best place to buy, greeting cards and entertainment.
If you want to keep following with the two channels then follow this:
Instagram Planner: It gives your complete year, holiday list, date and time, including the hashtags that you use.
Usually, in all these implementations and improving the brand visibility somewhere, the Customer Experience Lags behind. While a lot of e-commerce companies have understood the importance of Consumer Experience and are looking for various options in which they can implement to increase the Customer Experience.
This is a complete guide for E-commerce Websites and the strategies that the companies can implement. Including the customer experience that most of the people forget, but is the key to keep your business going.
We hope that you like all these strategies and implement in your e-commerce site to increase the sales as well as the consumer experience.
If you want us to write, more about these different kinds of strategies to improves sales and experience, do write to us.
Facebook hiding likes count on your post after psychological effects on Youngster. Yes! you hear that right, soon the Likes on your post will be hidden, the Like button behaves as a central part of Facebook since it is in the market. Facebook will not hide the Like button, however, it will not showcase or hide the number of likes you got.
According to this, the user would still be able to check how many times a particular post has been liked. Accept for him, no one else could be able to check the number of likes the post got. The company gave confirmed information regarding like hiding stating that Facebook is considering a test that will help remove like counts from the post, but not sure when this will be removed.
Facebook hiding likes mission has already started testing for some of the users. First, it started with Instagram, the photo-sharing app which is being owned by Facebook, started to hide the number of likes, it started with Canadian’s in the month of May then expanded to trial to some other countries in the month of July.
I observed that Facebook has recently begun to prototype this hidden like/reaction count for a few places in the world. The count that feature in the Android app is being reverse engineered and underneath playing with the code.
Source: Twitter (Jane Manchun Wong)
Presently, this feature is still not completely in the social media platform, when it gets into the market the likes or the reactions are hidden from all others, and will be visible to only the creator of the post or page. The same way how it works for Instagram. The list of the people will be still visible to everyone but the number or the count will not be visible.
You may find it interesting, as the number of likes and reactions on the post are hidden, however, the likes and reaction on the comments are not hidden. But, this can be due to the reason that the feature is still in the early stage of development. After some time it is expected to be polished and eventually with time.
Psychological Effect on Social Media Users
Social media platform these days has become like a lifeline to people without which as if people can’t survive. Mostly, for the youngsters, it like the day starts with Social Media and ends at Social media. The number of people using social media sites has just increased and will increase.
According to the Bureau of Labour Statistics, for an average time spent on a lifetime, a person spends 6 years and 8 months being engaged in Social Media.
Source: GlobalWebIndex
When the time is divided on a daily basis, on an average daily time spent on Facebook is 58 minutes. Facebook still tops the list with the most number of people spending the most time on Facebook. In this, 59 percent of the people are between the age of 18-34 years. With 1.4 billion users are active daily on Facebook and daily 300 million photos are being uploaded on Facebook.
All these, things indicate one thing, Social Media has become a part of major portion of life. It can even be said that the photos, videos, posts on Facebook are very important for the users, so the Likes, Comments, Share mean a lot to the user.
On the other way, we can say that this social media addiction is not completely because of you, this also has some involvement of the two chemicals: Dopamine and Oxytocin.
Dopamine
According to the scientist, Dopamine is a pleasure chemical, that actually creates “Want” in our mind. In simple words it makes us seek, desire and search.
Source: Harvard
Dopamine is actually secreted by unpredictability, with small pieces of information and reward cues that create a situation to utilize social media. The Dopamine pull is very strong, that leads to a situation where it will easy for you to resist alcohol than resisting Tweeting or posting.
Oxytocin
This chemical which may otherwise call as “Cuddle Chemical” it is a hormonal spike usually, released when people get intimate or start socializing. It can even be said that it just requires you to stay 10 minutes online to increase your Oxytocin level to 13%.
This symbolical to love brings- lowered stress levels, feeling of love, trust, and loyalty, generosity with the addition of love for Social Media to an individual.
If we compare normal Internet users and Social media users, then social media users have showcased more trust. A person using Facebook is 43% more likely to trust the social media platform than internet users.
These two chemicals make the social media platform “a hard to stop wanting” place.
Effects of Social Media
A lot of studies prove a connection that states that more Social Media presence increased the negative impact on the brain. That includes increased depression, anxiety, loneliness, narcissism, compulsive behavior.
In early, 2012 Rosen, Chever, and Carrier coined a term “iDisorder” a bad relationship between technology or internet usage and psychological health of a human being
Social Media Depression
The studies revealed that the amount of time spent on Social Media site increases the level of depression in an individual. On the other hand, intense Facebook usage will lead to major loneliness.
According to researcher Kalpidou, Facebook users who are having a lot of friends on Facebook are the loneliest ones. Further, the people who spend more time on Facebook have very low self-esteem
Narcissism Personality Disorder
In some special cases, it was found that people with a higher level of narcissism, and a higher number of social activity are less depressed. Whereas, if we excluded this special case, rest all are showcasing the negative impact.
Usually, Narcissism disorder is due to, grandiose sense of importance, fantasies of ultimate power, self-promoting and superficial relationships. This means, suppose a person has uploaded images and desires to get 10,000 and if that person doesn’t achieve to get it, then he gets a Narcissist Personality Disorder.
How to hide likes on Facebook
These days you can find several types of likes on Facebook. Do you know that you can even control your likes on Facebook or keep the likes count private! This means you can decide to showcase or hide your likes. While, it is very easy to keep your thoughts to yourself, you just have to follow the below steps:
For Desktop Version
Log in to your Facebook account
Select your profile image in the top bar of the page
Just under your Cover Pic select the More option.
Then in the drop-down list select Manage Selection option.
You will get a list of options, select Likes in that and check the box present on the left side.
Click on Save option.
Now, the likes in your posts are hidden, so no one will be able to click on it and access it.
For Mobile Version
Open the Facebook app and Log in to Facebook, go to your profile
Below your profile picture, you will find a More option to select it.
Tap on the Activity Log Option
On top, there is a Category option select it.
Select the Likes and Reaction option
Select the post that you want to be unliked, click the arrow button beside it.
Select unlike option
This is a Manual way in which your Facebook hides like count. While you can also use an automatic way or a tool that came up in 2012, known as Facebook Demetricator to hide your like counts.
It is not a new thing in the market, back in 2012 the bias by metric was first introduced by Ben Gross a Professor of University of Illinois who created a tool called to be Facebook Demetricator a Google Chrome Extension that removes the visibility to the Like Counts in your Facebook account.
Conclusion
It might take time to develop, research and experiment on people, these type of experiments have come in a lot of times. But, this is can be one of the beneficial factors for the wellbeing of future and present days, youth who are more conscious about the number and assess themselves based upon it.
If you any related queries, with this topic, do write to us or comment below, we will be glad to answer you!
Setting up an e-commerce business is often not as easy a task as it is made out to be. Expenses on running production lines, buying supplies, staff salaries, sales, and distribution, as well as advertising and marketing, have to be met even though there are no physical stores to be set up.
Typically, the cash flows of e-commerce business in its early days are not sufficient. So, they require entrepreneurs sometimes to borrow heavily as well as to use credit cards to nurture the business.
It is not uncommon for business revenue projections to go awry in any industry as dynamic and competitive as e-commerce leaving business owners to grapple with large amounts of debt that can cause the businesses to fail unless proper action is taken to get them back to a secure financial standing.
Some useful tips for getting out of the clutches of debt:
Evaluate the Prevailing Financial Situation and Recast the Budget
Even before, you set out to tackle the accumulated business debt; it is essential first to assess the current financial situation of the business. This will entail a detailed analysis of the business environment, the cash flows, and profitability.
From the information gathered, you should make out an operating budget that will override the existing budget that has failed. The budget will need to identify all sources of income of the e-commerce business as well as the various costs incurred on a daily, weekly, monthly, and annual basis.
If you are not competent in casting a workable budget, you should ideally ask your accountant or even a professional financial consultant to help you. Some resources offer free counseling and online workshops on budgeting techniques. According to Forbes, only half of the businesses survive beyond the fifth year; among other reasons, the shortage of cash is a big reason for failure.
Eliminate or Reduce Expenses
When you need to pay back debt urgently but are not able to spare the cash, you should take a very close look to find out where all the money is going. You should try to identify expenses that are eliminated straight away. If you are having any effect on the company’s revenues or profits and try to reduce unnecessary costs.
Typically, you can make significant savings by eliminating unnecessary business travel to have meetings by using modern techniques like video conferencing. Subscriptions to magazines, professional bodies, as well as taxi rentals and entertainment are some of the expenses that can be usually eliminated to generate more surplus cash.
Even utility expenses can be slashed by keeping lights, fans, air conditioning, etc. switched off when not required. Also though staff expenses are a sensitive subject, it may be possible to tighten your belt to save on unwarranted costs.
Consolidate Your Debts
If you have loads of credit card debt, it can be a good idea to hunt out a new credit card. As it offers an extended zero-percent balance transfer facility preferably with no transfer fees.
You can also approach one of the many private lenders like National Debt Relief for a debt consolidation loan. This you can pay off all your existing debt.
You gain not only because you have only one obligation to monitor and repay. However, it can be because you can save substantially on the interest expense. As these loans are far cheaper than the average credit card APR if you have a decent credit score.
The success of your negotiations depends on several factors. That is not just you should be able to convince them that your financial difficulties are real but also that they are temporary and you are serious about repaying the debt. If you find the number of debts too large to handle, focus on tackling the ones with the highest rate of interest first.
Stop Using Credit Cards or Lines of Credit
When you are struggling to pay off debts to survive, it can often be an excellent ploy to stop using your credit cards. However, you can line the credit that has been taken out with banks and private lenders. By trying to pay for business expenses only with cash, you will be less likely to incur the costs. This may not need as having you to reach for your wallet every time will remind you of how little money there is to run the business.
By stowing away your credit cards, you are less likely to take on additional debt even as you are trying to figure out how to get out the present mess. However, in some instances, it may be better to conserve as much cash as possible. While, when you are trying to settle with lenders and using the cash reserves to prove your intent.
Communicate Regarding Your Cash Crunch to Lenders and Vendors
It is essential not to alarm lenders and suppliers of materials and services by stopping or delaying their payments. Since you will require their support continuingly, it is better to communicate clearly. Regarding your financial difficulties so that they are not tempted to pull the rug under your feet by getting to know of it from someone else.
Explain the reason why your e-commerce business is having a difficult time and try to negotiate with your lenders better terms, including a lower rate of interest and a more extended repayment period. Even banks can see as non-tractable can be arranged with for lowering the rate of interest at least until such time the e-commerce business bounces back.
Conclusion
E-commerce startups do require to access debt funds until such time they can go in for an IPO or get venture capitalist interested.
However, easy access to credit card debt and personal loans mustn’t create a situation. As the business inside a mountain of debt and its very existence comes under threat due to the inability of service debt. Strict financial prudence from day one and corrective steps to tackle debt before it gets out of hand are crucial to the long-term survival of the business.
Social media has emerged as a massive driver of brand awareness and customer engagement, but brand managers are often disappointed with the results and the poor return on investment of their campaigns. Some tips to get the posting strategy and timing right:
Test and Test Again
Even though there are plenty of studies regarding the best times for sharing media content, brand managers will discover that it is next to impossible to find any commonalities. What will work best for you depends on many factors like the industry you are in, the demographics of your target population, their location, and even social he social network?
It is, therefore, vital that you test for the best engagement times by setting up a distributed content calendar and measuring the engagement level at various points in time using analytics tools. Be sure you do this several times over some time so that aberrations do not mislead you.
Extensive research will reveal not only the best days of the week for content posting but also, the peak times when your target audience is most active on the various social channels. Incorporate the results into your content management strategy but make sure that you do not focus on only the best times because then you would be missing out on the other audiences that are also important for conversions.
It is vital to remember that the window of activity on social media can be quite short and the attention of users can wane so getting the content posting frequency right is also essential for getting real Instagram likes.
You should never rush to publish some news because not only it may have something negative that you may not have anticipated or it may end up reducing the impact of some content that you have already planned on posting. Biding your time before sharing anything significant can be wise because nobody knows what additional opportunities are waiting to uncover.
The TMI Factor
While sharing information, the most effective way is to increase engagement, well too much of a good thing can be wrong. Brand managers need to keep in mind that the TMI (Too Much Information) factor can annoy social media users when your brand dominates their news feeds. Too much detailing of what the brand is up to becomes boring to the audience who then tend to tune it out of their minds and end up missing the more important news too.
Set Objectives And Destinations:
Reliably posting great substance is the correct approach, yet you additionally need to assess your general internet-based life system. While sometimes, you may not have a clue for what reason you’re posting, you won’t know whether your posts are fruitful or not. So venture backs a moment and asks you: “What would I like to accomplish via web-based networking media?” Could it be you need to?
Increment brand mindfulness?
Direct people to your site?
Sell an item or administration?
For example, if your goal is to direct people to your site, yet instead you get a great many preferences and no snaps on your post, at that point, it was ineffective.
Best Practice For Posting Content Via Web-Based Networking Media:
Given these three ideas, we should take a gander at how you can augment your web-based life posts. In the first place, there are always a few general proposals, trailed by some stage explicit tips: Tailor your substance to suit each system and request to its group of spectators. It’s awful reordering your LinkedIn post to Instagram.
That won’t work. Indeed, the fitting will take somewhat more, yet recollect you need to post quality substance. Sendible’s Smart Posts highlight gives you a chance to tailor your post to various systems so you can alter the content, include or expel hashtags, notices, and emoticons as required. Connect with your group of spectators.
Posting substance is one portion of a discussion. You should be accessible to participate in the exchange when individuals react to your posts. If you’re utilizing online networking, the board apparatus like Sendible, at that point, uses the further examination.
Produce a quality a substance that is fit to the stage and that you’re open to making. There’s no reason for making low-quality recordings suppose you’re immensely talented at composing or visual computerization. On the other hand, we have a go at broadcasting Facebook Live Videos if you feel that suits your image. Analysis with your substance plan until you find what works best for you and your group of spectators.
Shift your substance to keep things new
Make posts with pictures, GIFs, or recordings.
Pose inquiries to incite discussions.
Offer statements to move.
Use hashtags and refers to for more extensive reach
Minister content from different sources in your industry
Post content on various occasions to perceive what works best for you and your customers. You can even now use booking instruments to post nonstop when you may rest yet your group of spectators is conscious. Make sure to catch up on discussions when you’re back and stay credible.
Track your investigation on Twitter to perceive what’s working – and so forth – with your tweets and your group of spectators. Exploit new online life revealing apparatuses to burrow further. Take your group of spectators off camera. Give them a sample of what it resembles to work at your organization. Or then again, what occurs in the bottle. Breathe life into your image photographs with genuine encounters. Have a go at utilizing Instagram Stories to post crisp substance consistently, as they vanish following 24 hours.
The narratives show up at the highest point of the newsfeed, so you have a unique chance to get your crowd consideration when they open the versatile App. Furthermore, if your substance is first class, you’ll have individuals longing for your day by day update. Break down your presentation. You’ll discover what works for you and your customers through testing and estimating results.
Conclusion
Evolving a content management strategy requires a thorough understanding of the demographics and the psychographics of the target audience. Brands need to post at the times when their audience is most active to increase the engagement rate. Deciding on the subject of the news and the frequency of posting is also significant factors that affect the generation of website traffic from social media.
With deep learning of when the pinnacle times are for your group of spectators, you can expand the effect of all that you compose. Conveying content at the correct time is the mystery sauce that will surrender you a leg over your rivals. What’s more, in the field of web showcasing, little subtleties like speaking with your group of spectators at only the ideal time can have a significant effect.
The Americans with Disabilities (ADA)Act was introduced for giving equal social rights, justice, and opportunities for the people who possess some kinds of physical or mental disabilities. Under this act, ADA compliance becomes an obvious social duty of a business organization. Not just successful organizations, non-profit organizations should also follow the guidelines for ADA compliance; otherwise, they may have to face penalties.
Not just a hefty financial penalty, an organization can be purchased by the cancellation of its registration if it continuously fails to get the Americans with Disabilities Act (ADA) compliance.
Like any traditional profit and non-profit organizations, an online based business and a website should also obtain ADA compliance.
For ensuring that your website is ADA compliant, you need to follow a few simple steps. Those steps are as discussed in the following section.
Find an ADA Agency
For ADA compliance for your website, you need to learn or understand the ADA guidelines. A lot of instructions are there, and also, they get updated with the advent of time. So, ADA compliance is something that should work under the consultation and supervision of the experts.
Not all website developers, but a few specific web developers are only aware of the ADA guidelines. You need to find an experienced website developer that can provide you service to make your website turned into ADA compliant.
Auditing the Website Coding
For ADA compliance, website coding needs time to time checking. For auditing website coding, you need an expert. Auditing process will take some time. Once the auditing completes, a report is done. You need to check this report. Once the report reviewed, you shall understand the flaws and potential areas where ADA compliance implements.
The process of implementing the ADA compliance is not simple. A person who has experience and knowledge in HTML coding, as well as website development, can provide the best assistance to the website owners in this regard.
Planning for Compliance
Compliance has designed with perfection. Good planning includes proper budget calculation and other aspects of compliance planning. You need to understand the efforts that would be required to attain compliance.
Once you have a clear picture of the efforts that you need to give and the budget you should allot, you can move to the implementation of the ADA compliance process with perfection. You can check out Site Improve to understand ADA compliance in details.
Follow the ADA Compliance Updates
Once you have made your website, ADA compliance does not mean that you should not carry out any further actions to make the website compliant. You need to stay updated with the compliance guidelines, as ADA compliance guidelines for the sites are updated frequently.
With the advent of time, technology gets changed. Innovative methods of website development come into the picture. As a result, compliance rules or guidelines require a timely update in that manner.
At the conclusion note, it is essential to understand that ADA compliance is kind of necessary for every website, especially if you run a business website. For achieving compliance, there are some systematic steps.
Define Your Current Site
First of all: What is the condition of your present site? You can rate your very own site utilizing projects like WAVE or Lighthouse, and by physically testing the site with screen peruser programming. To be ADA-consistent, a website must fulfill guidelines inside four classes:
Distinguishable
Operable
Justifiable
Vigorous.
Utilize the ADA rules as a beginning stage to outline your very own site.
Choose the proper Graphics
Deliberately picked designs are a significant piece of available sites. When you include illustrations, they ought not to streak multiple times each second. Any additionally blazing, and you could incidentally incite a seizure in somebody who is perusing the page.
Designs ought to likewise have a portrayal/subtitle that can be perused resoundingly to the outwardly hindered. On the off chance, you will have a fabulous time visual substance; you need everybody to have the option to appreciate and gain from it!
Add Alt-Text and legible Fonts
Making your site discernible for every potential client takes plenty of insightful decisions. An assortment of things falls under the umbrella of recognition. To begin, give alt-content to all pictures in your code. Alt-content subtitles permit site perusers to portray your views discernably.
Textual styles are another significant segment of openness. Use the text styles that are anything but are difficult to peruse, for example, Georgia, Open Sans, and Quicksand. Abstain from putting a light textual style shading on a light foundation; a blend like yellow content on a pale foundation makes individuals strain to peruse it. Similarly hazardous is a pale text style on a distinct dark foundation. Stick to light foundations with dull for the vast majority of your substance.
Website characteristics Logical
An ADA-consistent site should likewise be justifiable to a broad group of onlookers. The site ought to work predictably and have accommodating marks over squares of substance and media.
For instance, put an unmistakable “x” in the upper corner of spring up to tell clients the best way to close the window. The site needs to work in a manner that stays away from client blunder and has discernible guidelines on all structures where clients are relied upon to enter data.
Keyboard- and Pause-Friendly
The essential capacity of the “operable” classification of ADA gauges is to guarantee your site can be explored utilizing a console alone. Not all clients can collaborate with a touchscreen or grasp a mouse. This classification likewise identifies with the general route. For example, perusers ought to have the option to respite substance or hinder programmed, looking over/slideshow developments.
Take out any recordings that autoplay and have a period limit. What’s more, ensure that all video cooperations and stopping can be finished utilizing console capacities.
Utilizing web writing’s best practices while developing content.
Keeping your site content basic and conversational can enable clients to sweep content simpler. Utilizing features and sub-features can likewise help break out substance into little nibbles or segments. For contractions and abbreviations like FBI, incorporate periods between the letters, to help screen perusers articulate them appropriately.
Check your website’s styles and elements, such as headings, buttons, and links.
Remember “all” sorts of clients who access your site, including the individuals who experience incapacities. For instance, if your site’s route joins lighter, littler text styles on light foundations, this might be incomprehensible for individual clients.
