Hi Stackers
if you are looking to join and start your journey with eCommerce, or if you are already into that great vertical i have gathered some great Tips and articles for you to read.
there will be lots of twist and jumping from subject to subject so make sure you don't get lost and try to get it all.
Starting:
25 eCommerce Conversion Hacks to Make Your Website Profitable
There are roughly 47 billion web pages competing for our attention. Of these, about 12 to 24 million are eCommerce websites, though only 650,000 (or 3 percent) actually net more than $1,000 per year in revenue.
To get noticed through this saturation, Technorian, an eCommerce website developer that provides high-quality "valet-type services" to its businesses has developed a list of 25 powerful eCommerce conversion hacks all entrepreneurs can use to increase traffic and improve conversion rates.
1. Speed up to amp up conversion rates.
2. Maximize on-page SEO.
3. Use responsive design.
4. Test different website layouts.
5. Show contact information.
6. Make your 'Call to Action' bold and clear.
7. Create smooth navigation between pages.
8. Improve site search and recommendations.
9. Provide social proof.
10. Actively pursue reviews.
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Source - https://www.entrepreneur.com/article/275146
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eCommerce Basics: 10 Questions to Ask When Creating an Online Store
You could be missing out on an incredible revenue-generating opportunity. U.S. online retail sales grew 12.6 percent to $176.2 billion in 2010, and they're expected to reach $278.9 billion by 2015,
Is your business ready to reap some of those online sales? Launching an online store can be challenging for small businesses, which are often short on time, budget and staff. But ecommerce vendors can help you make designing and maintaining an online store relatively simple and affordable.
Here are 10 important questions to ask when creating your company's first online store:
1. How do I start building my online store?
2. How can I best customize the overall look of my online store?
3. What type of payment system should I use?
4. How will I handle customer service?
5. How should I determine shipping costs?
6. How do I create the best product images and descriptions?
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Source - https://www.entrepreneur.com/article/227034
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How To Find Your eCommerce Business Niche
For most people, this is one of the biggest hurdles to getting started.
You shouldn't overthink the research process, but you need to be strategic in your choice. If you don't strike a healthy balance, you'll either rush into an unprofitable business that will eat away at your precious resources, or you'll take too long to get into a business that could have started making you money a long time ago. Worse, a competitor may beat you to the punch.
Here are several tips for finding just the right eCommerce business niche:
1. Gauge customer interest.
2. Analyze the competition.
3. Figure out your margins and pricing
4. Buy an existing eCommerce business.
5. Take Advantage of Amazon FBA
When possible, get feedback on your startup idea. If you know what you're doing, you can make educated guesses at what's going to work. However, gaining insights from people already in business allows you to leverage their experience and build on their knowledge.
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Source - https://www.entrepreneur.com/article/275029
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4 Fundamental Strategies for Launching a Successful eCommerce Startup
There’s no guaranteed 1-2-3 formula but, despite growing competition and consumer sophistication, startups can gain a competitive edge and build successful businesses. Applying certain ingredients and attitudes will make your startup journey worthwhile, with a good chance of success.
1. Go the extra mile to realize mobile's potential
2. Establish working systems from Day One
3. Your low budget, high impact marketing strategy
4. Ecommerce and brick-and-mortar belong together
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Source - https://www.entrepreneur.com/article/237847
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What's Next for eCommerce in 2016?
This year will be a defining one for eCommerce, in terms of mobile domination. Sources predict that 2016 will mark the consolidation of the mobile era, with half of all consumers using their mobile devices to make transations.
The numbers are already impressive: U.S. mobile commerce sales last year totaled $104.05 billion, up 38.7 percent from $75.03 billion in 2014,
So, what’s next for eCommerce in 2016? Here are three of the biggest trends in play this year:
1. Mobile dominance is permanent.
2. Videos are key for descriptive product sharing.
3. Concerns over content saturation persist.
The bottom line
This is the year for consolidation and creativity. Online retailers need to first cover their bases, asking such questions as, is my website mobile-friendly? Is my site content optimized for all aspects of mobile search, including voice command search with Siri? Is my checkout process streamlined for mobile use?With the competition gearing up to stand out more fiercely than ever, and with traditional bricks-and-mortar retailers continuing to lose ground, a competitive and creative eCommerce strategy is essential for your business in 2016.
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Source - https://www.entrepreneur.com/article/269933
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Happy Ride Stackers, hope you will get some great insights and turn them into Revenues.
Please feel free to contact me should you have any questions, or looking for new eCommerce offers to promote.