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| August 18, 2018

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How to Monetize from an E-commerce Business

How to Monetize from an E-commerce Business

| On 25, Aug 2015

There are numerous examples of how people get rich very fast by selling stuff online. Nowadays, it appears that this could be your real story if you put 101% passion, motivation and read the next few ways on how to monetize from the biggest E-commerce platforms.

  • The most important detail for every business is the Data. We are not talking about how to collect generic data, but how to analyse it correctly for your business niche. If you don`t have time to manage this process, hire an expert in the field of data scientist. The measurement of the market, how people interact with your product, where they come from, what their buying behaviour is and more.
  • Get your Search Engine Optimization to work for your online store. You have to be able to optimize your store to be visible in the major search engines, and to be able to generate high ROI. Each listing, and each product requires special “treatment” in order to be unique and to convert visitors to buyers. Make it simple and experience oriented for users.
  • Improve your e-store design. People may not judge books by its cover, but they sure do judge websites by their covers. In order to make your customers stay on your website, they need to like it, and it needs to grant them with a comfortable experience. Also, make sure the “ease-of-use” element is available, it is significantly important for creating the “comfortable experience”. We assure you that the combination of an attractive and easy-to-use website will satisfy consumers and eventually end in an increased monetization.
  • Last, but not least is to improve your Conversion Rate. The landing page strategy is a driven element here, because it doesn’t matter how much traffic your E-commerce store will have, if the end result of the conversation rate is lower than what you expected. A simple way to improve it, is to experience with A/B split testing. Try different slogans, button color and structure information and find out, where your shop can be improved for better conversion.

The most important tip of all is to push, test and improve your online store. Check out your competitors and see what they are doing. Never stop improving, always seek for new ways to attract customers.

 

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