Build an Effective Ecommerce Marketing Strategy
Just like brick and mortar, ecommerce requires a multifaceted, well-thought-out marketing strategy in order to succeed. Fifteen years ago, you wouldn’t expect to simply rent a storefront, throw up some signage, and have customers hand over fist. It’s no different when it comes to online sales. Online retailers have to create specific goals, identify productive strategies, and blend a variety of marketing tactics in order to create a foundation for long-term success.
Confused about where to begin? We’ve outlined the most common strategies and tactics to achieve your goal of increasing online sales. Please take note that this is a high-level overview — we recommend that you perform additional research before finalizing your approach, and ensure you and your team fully understand the terms in bold, as they are important to your ecommerce marketing strategy.
Before you begin.
If you lay an unstable foundation, any strategy you build on top of it will sooner or later fall. Set your foundation by knowing your audience; every element of your marketing strategy will only succeed if you can accurately identify your target customer.
Great places to conduct customer research include public forums, review sites, and social media. These users are clearly interested in your product category, and they tend to reveal a lot about themselves and what they’re looking for in their posts and when talking to other users. From reading these discussions, you should be able to glean basic demographic information, such as gender identity, age, occupation, if the buyer is married or has children, and so forth. Couple research from these outlets with additional data from customer interviews, focus groups, surveys, and your customer relationship management (CRM) platform to get a good feel for who your target customer is. What you learn about your customer base will inform the development of the rest of your marketing strategy foundation.
- Competitive landscape: You can get an accurate idea of your competition from product reviews and discussions, along with how your buyers feel about those competitors’ price points, key features, and product quality.
- Brand messaging: After doing your customer research, identify two or three main value propositions you want to incorporate into your messaging. Then decide on three to five specific data points or other facts you can use to support your message.
- SEO keywords: You must have an accurate list of the keywords you want to use for search engine optimization (SEO) before embarking on any marketing strategy. Thankfully, you have plenty of options for tools that can help you identify high-volume, low-competition keywords for your brand and your market.
Strategy development and execution.
Think of your approach toward both digital marketing and ecommerce user experiences as a journey. Your first step is to outline your goals, which you can think of as your final destination. Strategy is then identifying the roads that will get you there. The actual journey is made up of the tactics you employ along the way.
Your goal here is easy to define: Increase online conversions. Below are some key strategies and tactics to help get you to your destination.
Strategy: Search Engine Marketing (SEM)
Tactic 1: Pay-Per-Click (PPC)
Tactic 2: Display Ads
Tactic 3: Remarketing
Strategy: Organic (Free) Search Engine Optimization (SEO)
Tactic 1: Content Creation
Tactic 2: Influencer Marketing
Strategy: Better Quality Leads
Tactic 1: Email Marketing
Tactic 2: Conversion Rate Optimization
Tactic 3: Incentives
Strategize for success.
Unfortunately, you can’t just launch an ecommerce store and expect customers to flock to you. In fact, you can’t even implement a stellar digital marketing strategy and then call it a day. Digital marketing requires constant testing and innovation in order to get users to your site and convince them to buy. Choose your business goals, and then employ tactics that align with them.
As you try each tactic, keep an eye on metrics that measure the success of your marketing efforts. “Some of these will be obvious measurements of success, such as business growth or return on investments (ROI), but others may not be quite as obvious.” Look for improvements in bounce rates, page visits, conversions, and email open rates. Use social media listening to hear how customers feel about your company and marketing efforts. See what works and how customers are reacting.
If at first you don’t succeed, tweak and try again. And remember to be patient. Marketing takes time to reap results, just like anything else. Stay at it, educate yourself on the latest digital tools and trends, and keep the faith.