Imagine your site is a bucket with holes, and money is pouring out of it.
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E-Commerce Site: All sites lose earnings. One of the keys to optimizing for conversions and achieving your goals is identifying these losses and making hypotheses to test.
Various software can help you do this, but it is important that you set yourself the goal of becoming an expert, a master. Today, knowing Google Analytics in depth can m ake a difference. My advice is to study, study and study.
If, on the other hand, you are starting now, I recommend the Google guide to the basics of Analytics (in English), or you can find material in Italian on youtube.
The most useful software, however, consider that is your analysis skills. Software is programs that give you metrics, but no one knows your site and your target better than you.
Before measuring, knowing exactly WHAT YOU WANT to measure is important.
Let’s now analyze what information you can “pull out” from the abovementioned software.
Obviously, the tracking of the various objectives of e-commerce must be correctly configured. The main metrics (monthly traffic, pages visited, average times on site, etc.) can be interesting, but up to a certain point.
The fascinating data is the specific data for increasing conversions and achieving the pre-set KPIs.
All this information is beneficial to understand your visitors’ behavior and creating hypotheses to test to improve the design/layout of your site.
All this information will also be useful for improving your Value Proposition, copywriting, and user experience over time.
I want to point out two other tools, Qualaroo and WebEngage, useful for understanding why your visitors left the site without purchasing (through online surveys) by “interviewing the visitor” by recognizing the moment before leaving the site. I refer you to the official websites for more information.
Poor Usability kills your conversions. These four approaches to data analysis (Web Analytics, Click and Heat Maps, Online Surveys, and User Testing) will help you fix your losses!
There is no predefined scheme or list, or rather perfect, to follow.
Every time I carry out a consultancy for e-commerce, I set up an ad hoc framework according to my client’s type of business, target, and offer.
It is essential to do a lot of brainstorming and analysis in the initial phase and to define what you want to analyze and which KPIs to improve over time.
Once you have defined your goals, you can research the causes to produce the desired effects.
I won’t tell you about the micro points to analyze (I will do it in other insights) but about the macros, the reasoning to be done on individual pages. In fact, there are some recurring key points to be analyzed in every project and web page of e-commerce, and they are:
If you want to learn more, I refer you to the dedicated article; in short, it is the main reason a visitor arrives on your site and buys from you, not from one of your competitors.
What is it for:
The Value Proposition usually consists of the following:
Every high-traffic (and converting) page must contain a clear and compelling value proposition, not just the Home Page.
A slogan (for example: “L’Oreal because I’m worth it) is not a value proposition.
The time and attention span of a visitor on a website is drastically low; therefore, it is essential that in a few moments, he understands as much information as possible about your business, products, and offer and to do this, I advise you to use very well distributed layouts in the spaces between value propositions, images, and contents, but above all a clear, simple language within everyone’s reach.
Whether you sell luxury boats or hardware or B2B or B2C, whoever buys your products is always a person.
Avoid business language, catchphrases or redundant phrases that are difficult to understand, or generic phrases (such as “we are the industry leader”) that do not identify what you do, what you sell, and what the benefit is for your customer.
Try to be as clear and persuasive as possible. Your conversions will benefit.
The more choices you give your customer, the more difficult it will be for him to choose. In the indecision, you don’t buy either one or the other.
I’m not talking about how many products you can have on your site (actually, the more you have, the better, the important thing is that they are well filterable), but how full your layout is of useless “stuff.” How many qualitative design elements are there?
For example, if your visitor is on the checkout page, focus on eliminating all the distractions that can divert them from your goal, the purchase!
Another example: The social share button under the “BUY NOW” call-to-action on the product sheet is a distraction. Is your goal on that page to add the product to the cart or share?
Years ago, in a consultancy, I met a client who “complained” about the many, too many phones calls that his e-commerce received, how he couldn’t handle them, and how the staff was overwhelmed by managing them.
My answer was to insert a live chat for commercial and support information, to work on the value proposition and on the contents of the site, and finally on the images and the guarantees offered on the purchase (free shipping, free returns, 24-month warranty, money back guarantee, guaranteed payment methods SSL and Paypal, etc.).
Beyond this, I have designed a customer ‘My Account’ section packed with information and information guides.
He reduced incoming calls by more than 80% in just two months.
It is almost impossible to remove doubts 100%, as there will always be a percentage who will contact us or call us, but it is our job to drastically reduce these restrictions on purchases.
The first question to ask yourself is: If I receive so many phone calls or questions, is it probably because I need to be clearer, specific, and transparent in my purchase proposition?
Consumers ask themselves a thousand doubts before buying.
Know your customer, know his doubts, and provide him with as much information as possible, a clear and navigable site, and you will be able to convince him to buy.
Another point to analyze is whether, in your e-commerce, you are “exploiting” more or less with the sense of urgency to purchase. There are three ways to create urgency:
But be careful; use this strategy only on some products or offers and be credible; if all your products are “limited,” it will be easy not to believe you.
I’ve already talked about it in depth in another article; for now, know that the call to action is an essential factor in analyzing and improving your layout.
Your customer must never ask himself: What do I do now?
Your buttons should be clear, with an attractive design and text that convinces you.
I have determined the main factors for which a site loses money or does not convert enough. Data analytics is really important, and if you want to become a Master’s in e-commerce, I recommend you specialize in that.
If your site already has a monthly traffic of 50/100,000 visits, to increase your turnover, you don’t need to increase your advertising investment, or rather it can be useful, but only after having thoroughly understood which elements need to be improved, where “they are losses,” know your customers because if your strategy starts from an analytical approach, you will be able to increase your conversions by eliminating “losses” and above all not increasing or decreasing advertising investments.
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