Sales Boost Strategies
Strategies to increase sales
Date: Mar-2007
The company YYY Inc. had a website for e-commerce and was happy
about their shopping cart software: the system was robust and
reliable, and every now and then a new order was posted. However,
the store owners believed sales could increase if they applied
certain marketing strategies, just like they did in their brick
& mortar stores.
When they contacted the shopping cart vendors, they were told
the software was three years old and no updates had been released
ever since. Their existing shopping cart could do exactly what
was included in the specifications: nothing more and nothing
less.
So if they wanted to apply marketing strategies they would
have to hire a programmer to customize the default software.
The shopping cart didn't have complete documentation, and the
estimates by programmers proved too expensive to be even considered.
The store owners ultimately decided to migrate to Comersus.
They hired a local Reseller's data import services and purchased
a Power Pack from comersus.com
Immediately after migration they started implementing the following
strategies to increase sales:
1. Newsletter: They had implemented a newsletter before, but
customers seldom subscribed since they suspected they would
be spammed and were afraid not to be able to unsubscribe afterwards.
Comersus allowed them to create a newsletter with automatic
discount distribution and self-removal for customers whenever
they wished to stop receiving information. In a short period
they gathered many subscribers who received news and special
offers, resulting in higher sales.
2. Reward Points: Comersus allowed them to set up a reward
system. They configured the system so that customers would receive
5% of every purchase as a reward for future purchases. Customers
can use their points right away or choose to accumulate them.
Earned points can count toward the price of products but shipping
and taxes for each order must be paid separately, making the
reward system a useful and profitable tool. Store owners soon
realized customers were coming back for more purchases: reward
points had been a great way of creating customer loyalty to
their company, and to the online store in particular.
3. Gift Certificates: On the order form, customers were inquired
about their birthday and sent $20 gift certificates for orders
over $200. This offer had a great repercussion since it made
customers feel appreciated and that they were getting personal
attention.
4. Recommendations: The company's catalog is quite large, and
sometimes customers don't have the time for detailed searches
and getting to products they might need. Comersus includes a
system of automatic recommendations. From the user menu, Comersus
tracks ordering history and produces a list of recommendations
sorted by several criteria: categories, prices, products on
sale, etc. The company promoted this feature in one of their
newsletters, and sales for the month increased 12%.
5. Affiliates: At one point they found a need to increase sales,
but this time without resorting to their current customer base.
They needed new customers and more traffic. Thanks to Comersus
they created an affiliate program. Soon many other websites
were signing up for their affiliate system. Affiliates can sign
up automatically and get a URL with banners and code snippets
to post on their websites. They can even log into the BackOffice
to see sales details and commission payments.
6. Last Chance Listing: With this feature, the company created
a list of products nearly out of stock.. At first they didn't
expect this to increase sales, but soon they realized that it
was appealing to customers to purchase the last items in stock.
Sales of some products increased with no need to lower prices,
just by informing a shortage of stock.
Conclusion: the main purpose of a shopping cart is to sell
for a profit. Features related to sales boost strategies are
therefore not minor: they can make the difference for a successful
implementation, compared to a merely satisfactory implementation.
Related information:
1. Power Pack details at http://comersus.com/store
2. Estimate requests for data import and export at http://comersus.com/contact.html
3. Resellers list at http://comersus.com/resellers.asp