How To Improve Warehouse Efficiency
An effective eCommerce operation allows for easy product packing and affordable distribution methods. There are many solutions for warehouse management, be it a human-controlled secure system or Al tools. In this article, we’ll look into how to improve warehouse efficiency for your online business. Optimize your return process It is very important to optimize your return policy. No matter how well you manage your supply chain, there would be some problems with customer orders once in a while. You have to make sure that you collect the faulty product and send out a return in time. The faster you take action, the more people build trust in your website and brand. Allow backorders A backorder option not only increases your sales revenue but also strengthens your credibility and commitment to customers. Allowing backorder means that your customers can purchase out-of-stock products and have them delivered on a specific day in the future. It creates a backorder item. Suppose, a customer wants to place an order for an item that is already sold out. Now, you open a backorder and convert that into a purchase order to your supplier. You will send the purchase order to the vendor and once the item arrives, you will place it with your customers. Use automation and inventory management system An inventory management system is indispensable to run a smooth online store. Manual stock management adds a lot of work to your staff every day. The solution is to implement an automation platform that helps customize order details and stock lines. You should be able to add new stock, remove old stock, and if you wish, analyze data using different devices as well. This way, you can find out very easily which product you need to reorder and you can do that easily. Conduct regular inventory audit You should conduct an inventory audit every one for two months to keep track of your performance. The audit enables you to identify high and low-demand products as well as your customer’s preferences. This information adds more insights to your future sales strategy. It also helps to create a balance sheet yearly and financial statement and help to calculate business profit at the end of the year. Use demand forecasting Based on your previous sales data, you can predict the type of sales you may get for this year. You should be able to use the data to identify the trends affecting your store. Then you’ll be able to keep sufficient stock for high-demand products and get rid of the low-performing ones. This will help you improve your warehouse efficiency without wasting beneficial resources. Final note Without an effective warehouse management strategy, you risk losing track of your inventory, which might result in failing your customer expectation. Therefore, improve your warehouse efficiency today to avoid this scenario!
7 Product Recommendation Strategies For Online Stores
Product recommendation is very important to boost sales and increase revenue. It encourages shoppers to buy more from your store. The key is to recommend relevant products so that it’s not too intrusive to your customers. 1. Previously viewed This recommendation is based on a customer’s browsing data. This includes products that are recently viewed by the consumer but not purchased yet. You might also want to look at the time they stay on such a page, and how often they come back to see how badly they want it. You can also offer a discount to this item on special occasions. In this way, you will be able to generate leads very easily. 2. Similar products Whenever customers buy some branded products, show them similar items within the same, below, and upper range. Consumers might not know what they need until you show them. Instead of waiting for them to look through the whole product catalog, introduce them to other items that can be used together. For example, you can recommend a bottle of toner to a customer who is going to buy a cleanser. It is essential to choose the right eCommerce app that can improve customer buying experiences while boosting average order value (AOV). If you are BigCommerce merchant, there are tons of free BigCommerce apps executing cross-selling and upselling to your customers such as Order Booster. The all-in-one solution that can increase your store AOV with pre-purchase cross-sell and upsell, product recommendation, quantity, volume upsell, etc. It is best for you to try out many apps to find the best one. 3. Best-sellers During purchase, it’s essential to show your best sellers products. As people are more likely to believe in others’ recommendations than the brand’s description, this creates a sense of credibility. It also helps potential customers to choose the best product from them. It directly guides them to suitable products and buys them instantly. In this way, you can able to generate more sales and increase your profit ratio. 4. Recommended for you On your eCommerce website, you are able to make a tab where you can put all the recommended items tailored to each customer on a specific page. Using a recommended search engine, you will be able to get their online purchase history and make this catalog more relevant. Then during their search, showcase these products and generate more sales. 5. People also viewed Other people’s reviews are always very trustworthy in online shopping. People always want to see what the community thinks about a product before purchasing. This helps them select the appropriate product while generating more leads for your eCommerce website. eCommerce product recommendation is always very important for sales. 6. Frequently bought together Another way to generate more sales for your store is to recommend the product that is frequently bought together. You need to store data about previous orders on your website. This information can be used to create personalized and seasonal offers in the future. You can also find out about your customer preference and notify them about the latest product collection. 7. New arrivals If you just added a new arrival collection at your eCommerce site, don’t forget to notify your existing customers via SMS, email marketing, or cold calling. This keeps your customers aware of your available offer. Most of the customers are excited about new arrival coming to their favorite stores. Thus this helps increase your sales ratio. The above-mentioned 7 points would help eCommerce stores to increase sales volume. Proper strategy always helps to achieve your sales goal.
Ultimate Guide to B2B Personalization for Ecommerce Business
Personalized marketing has gone a long way, but it still requires a significant amount of time and effort. This is especially true if you’re a rapidly expanding business dealing with enormous amounts of data and a variety of people. However, B2B personalization yields the best results. Your eCommerce business will be more successful if you tailor the optimal consumer experience successfully. A tailored strategy, on the other hand, delivers a better experience that leads to increased conversions and great relationships with potential customers. Following we have provided the most comprehensive and most efficient guide to B2B personalization for eCommerce business: Create Different Segments First of all, you need to create different segments for the clients. When there are segments of customers, it becomes easier to identify a particular person in a specific group. The action of breaking consumers into groups with unique characteristics is known as creating custom audience segments. Thus, organizations can divide their customers into groups based on age, interests, gender, marital status, or industry. Recommend Products Based On History Product suggestions are a type of eCommerce customization approach. According to this personalization step, products are dynamically generated for a user. The data – related to the product – may be directed towards a webpage, app, or email based on data such as customer traits, browsing behavior, or situational context. Therefore, it results in a tailored purchasing experience. Differentiate Price Based On Segment Price segmentation entails charging various prices to different clients for the same or similar goods or services. Those people, who are not capable of purchasing the product at that price, cause greater loss to the Company. Companies d9ifferentiate based upon the price, segment the audience as well as material. If you are facing a similar problem, we urge you to utilize the price segmentation technique. Leverage Contents Content leverage is the practice of utilizing each piece of content in various ways in order to maximize the return on investment. Content isn’t worth anything unless customers are aware of it and interested in it. This necessitates content delivery in a unique, intuitive, and helpful manner. The leverage content is the best lesion to instill while personalizing a strategy for B2B business. Use Email Marketing Email marketing also helps in reaching a wider audience and attracting the right audience. This is how customers will get access to the rightful and needful content regarding the brand’s sales or any other hot deal. So, use email marketing and personalize the marketing strategy smartly. Merchants should leverage customer segments to personalize email marketing. Since it is possible to analyze consumer needs from their purchase behavior on your site. Set up chatbots Chatbots are the most amazing ways to personalize the B2B eCommerce Business. Chats remove the necessity of customer support groups and increase the savings of the Company. It assists the Company in delivering the appropriate message to the appropriate audience and enhances the brand experience. Conclusion It is the ultimate guide to B2B personalization that would help you in building the best B2B E-commerce business platform. So, use these techniques while establishing the best and the most comprehensive B2B eCommerce platform. Personalization is no longer a struggle with the help of technology. After finding the right formula for your business, you can always integrate workflow automation for effortless personalization. If you’re a BigCommerce merchant, make sure to try out Atom8: Atom8 helps store management tasks effortless thanks to automation
How To Handle BigCommerce Preorder using BackOrder
Preorders are becoming increasingly popular in the eCommerce space, with nearly 75% of U.S. consumers trying new shopping behaviors and many planning to continue, emphasizing the need for businesses to stay adaptable. Preorders allow customers to purchase items before they are available, offering businesses valuable insights into demand while keeping customers engaged. BigCommerce simplifies preorder management with its BackOrder app. This post will guide you on how to manage BigCommerce preorder effectively using the BackOrder app. Understanding BigCommerce Preorders Preorders in eCommerce allow businesses to take orders before a product is ready to ship. On BigCommerce, this can help boost sales and maintain customer interest. In fact, the global eCommerce market is set to generate $5.8 trillion in revenue in 2024, with preorders playing a significant role in capturing early demand for new products. But what exactly is a preorder, and why should you use it? What is a BigCommerce Preorder? A BigCommerce preorder lets customers buy items that aren’t ready to ship yet. This is different from regular purchases where the product is in stock and can be shipped immediately. Preorders are especially useful for products expected to be in high demand. This can be a significant growth driver for businesses; in fact, according to McKinsey, successful consumer goods companies are seeing more than double their sales coming from online channels, including preorders, as they strategically manage product launches across various platforms. This allows businesses to build anticipation and secure sales even before the product hits the shelves. BigCommerce preorders are a simple way to manage demand and keep your customers happy. By understanding what a preorder is, you can better manage your stock and meet customer needs. BigCommerce BackOrder app by GritGlobal can be a valuable tool in managing preorders. It allows products to be available for purchase even if they are not fully stocked, ensuring a seamless experience for both preorders and backorders. Why Use Preorders on BigCommerce? Using preorders on BigCommerce can help your business in several ways. They not only help predict how much product you’ll need but also keep customers excited about what’s coming next. However, there are some things to watch out for. RaceFX used BigCommerce preorders to increase their B2B sales. They used the BigCommerce BackOrder to continue taking orders even when items were not in stock, helping them avoid missed sales. This strategy allowed them to keep their customers informed and their sales steady. Using preorders on BigCommerce is a smart way to keep sales strong and customers engaged. By knowing the benefits and challenges, you can use this feature to grow your business and satisfy your customers. Setting Up Preorders in BigCommerce Setting up a BigCommerce preorder is straightforward but requires attention to detail. This part will guide you through the steps needed to configure a preorder button in your store. It will also explain how to customize settings to make the process smooth for your customers. Step-by-Step Guide to Configuring Preorders Configuring a BigCommerce preorder button involves several steps. These steps will help you set up the button, making it easy for customers to preorder items that are not yet available. One limitation to note is that BigCommerce does not currently support bulk setup for preorders, meaning each product needs to be configured individually. To make this process more efficient, consider integrating the BigCommerce BackOrder. This app can automate the process, allowing out-of-stock products to still be ordered without requiring manual updates. Customizing Preorder Settings Once your BigCommerce preorder button is set up, the next step is to customize the settings. This includes setting up preorder messages, expected release dates, and stock notifications. Dollylocks, a company that experienced supply shortages, effectively used customized BigCommerce preorder settings, along with the BigCommerce BackOrder by GritGlobal, to maintain their sales. By clearly communicating with their customers and setting accurate expectations, they were able to capture more sales even during challenging times. Customizing your BigCommerce preorder settings ensures a better customer experience. It helps keep customers informed and satisfied, which is crucial for maintaining trust and encouraging repeat business. Leveraging the BackOrder App for Preorders The BackOrder app is a useful tool that works with BigCommerce to help businesses manage BigCommerce preorders and out-of-stock items. It makes it easier to keep selling even when products aren’t available right away. Introduction to the BackOrder App The BigCommerce BackOrder app by GritGlobal is a powerful tool designed to seamlessly integrate with BigCommerce stores. It helps businesses manage out-of-stock products and BigCommerce preorders, ensuring that customers can continue purchasing items even when inventory is low. This app is particularly useful for keeping sales consistent, as it allows products to be available for purchase, whether they are fully stocked or not. The BackOrder app is a must-have for any BigCommerce store that wants to keep sales steady and customers happy, even when products aren’t immediately available. How BackOrder Enhances Preorder Management BigCommerce BackOrder does more than just handle out-of-stock items, it also enhances how you manage BigCommerce preorders. This app ensures that your store can continue selling products, even when they are temporarily unavailable, by automating many aspects of the preorder and backorder processes. MDT, a company specializing in precision rifles, found the BigCommerce BackOrder to be the perfect solution for their inventory management challenges. By using the app, they were able to efficiently handle preorders and maintain a steady flow of sales, even during periods of high demand. This case study highlights how the BackOrder app can be an important tool for businesses looking to streamline their preorder and inventory management processes. Best Practices for Managing BigCommerce Preorders Managing BigCommerce preorders effectively can help boost sales and keep customers happy. Following best practices ensures that you handle preorders smoothly, from promotion to post-sale follow-up. Marketing Your Preorders Effectively Promoting your BigCommerce preorder is essential for generating interest and driving sales. A well-planned marketing strategy can make a big difference in how successful your preorders are. By marketing your BigCommerce preorders effectively, you can ensure that
