Ecommerce Shopping Cart Software System With Cross-sell Features
So you’ve signed up for an ecommerce shopping cart software system and you’ve got a store running. You also have a healthy pool of loyal customers and everything seems peachy. Sales are perfect..but they can always be more impressive.
A large number of merchants don’t usually consider the obvious when figuring to improve sales figures. Always start with the resources you have because they are most probably free, familiar, and do not require much effort.
Statistics have proven that people have a tendency to buy more from a store they have previously purchased from. As matter of fact, merchants can boost their sales by as much as 30% by concentrating on existing customers alone. This is not to say that you should abandon all efforts of getting new customers. Targeting existing customers is merely another avenue to improve sales.
So what can you do to raise your sales figures with what you already have? A typical ecommerce shopping cart provider usually provides ecommerce solution shopping cart software that consists of a few helpful selling functions. A relatively large number of merchants overlook these functions because they do not understand the possible impact they might have on their sales. Not surprisingly an ecommerce shopping cart software system provider will not have provided these features if they didn’t think it would be useful to their merchants.
So what should you do?
Cross-Sell
Amazon are experts at this. To mere mortals, it may not make much sense to cross-sell, for example, a DVD to someone who has just bought a bar of soap but evidently it makes a lot of sense to Amazon. Who are we to argue? The final point is, cross-selling items encourages impulse buying from customers. It tries to milk the “Since I’m already here, I might as well buy this too” frame of mind. It probably helps to pitch customers products that are related to what they already have in their shopping carts, though. Try to offer cross-sell items that could be useful in combination with whatever your target customers are showing interest in.
Up-Sell
Up-selling is a bit of a challenge as it demands persuading a buyer to purchase items which are sometimes more expensive than the item they’ve just bought or are interested in, in order to render the sale more profitable. These items are typically from the same product category and comprise of upgrades, add-ons or non-tangible items like insurance, service packages, apps, or extended warranties. Merchants usually present the argument that purchasing the items suggested at this juncture will cost less than if a customer buys them separately.
Re-Sell
As mentioned earlier, once a person buys from your store, they will ultimately shop there again. If the product is a consumable or needs to be consistently replaced (e.g. contact lens cleaners, vitamins, magazines or shaving blades) you can actually make it more convenient for the customer by using the recurring billing/product subscription function. This function allows you to re-sell and re-bill the customer for the same product on a fixed timescale. This saves the customer from having to repeatedly re-order products manually each time they need to replenish their supplies.
All the methods above are not only excellent for increasing revenue from existing customers but also help establish the image of your store by making it seem more customer-friendly (one-time related product purchases and product subscriptions save time and money) as well as help build a long term customer following.