Strategies for Running a Pet Supply Ecommerce Store

by

19 August 2019

Marketing

ecommerce store

In the past few decades, there have been major changes in the world and our digital surroundings. While the geopolitics and social interactions of the world are in constant flux, since the beginning of the 21st century, there have been other types of changes that have occurred. Most of these alterations have come from the rise of Internet technologies around the globe. The web has totally revolutionized the world, from the way people interact with one another to the changes in the job market.

The most important driver of the economy in the 21st century is the Internet! Everything from local businesses to billion-dollar corporations uses web-based tech to survive. One part of the economy that the Internet has totally transformed is retail. Retail has in large part shifted to e-commerce, and people from around the world have been starting their own e-commerce stores.

Starting Your Own Ecommerce Store

Ecommerce Store

There are numerous reasons why people start their own e-commerce stores, from the flexibility of lifestyle it provides to the potential to have a lucrative business. There is a myriad of products, which can be sold online. However, finding a niche in your products is a sure way to be successful. This is why running a pet supply eCommerce store is such a great idea. People love their pets and pay serious money for them, so pet supplies is an excellent niche that will certainly lead your company to earn immense revenue. However, if you want to be truly successful, you need to see that your organization will stand out amongst all the other e-commerce stores.

Learning How to Set Up Your Business

Once you decide to get a website for your online store, one of the first steps is to invest in a robust and user-friendly e-commerce website. This involves selecting a platform, which will allow your website to look professional, run effectively, and will enable you to organize your products and services. After your site has been launched, the next step should involve designing and executing a strong Marketing Campaign on various digital platforms.

You need to ensure that your E-commerce store highlights the hero products of your brand. For example, if you have an extensive range of liver supplements for dogs, you need to ensure that you are placing these medicines on the banner of your E-commerce store page. This will help customers identify the same and click on the page that will take them directly to checkout.

The marketing campaign should aim to create a holistic and 360-degree digital ecosystem. This ecosystem should reinforce the belief and experiences of the users. For example, your e-commerce platform should be linked to your social profiles and vice-versa. This will help redirect traffic from different mediums at all times. You would also want to adopt a creative content marketing strategy.

Your e-commerce website needs to be-

  • SEO optimized.
  • Linked to Social Media Accounts
  • Have a great blog section (Inbound Marketing)
  • Be optimized to run Google Campaigns.

Learning about these numerous facets will allow you to effectively market your e-commerce site and will let you display your brand to the world.

Final Thoughts:

As the 21st century continues to progress, running an e-commerce store will become a more popular career option. In order to be successful in this industry, you need to set up an excellent site, and effectively build your brand with a quality marketing campaign.

Read Also:

I enjoy writing and I write quality guest posts on topics of my interest and passion. I have been doing this since my college days. My special interests are in health, fitness, food and following the latest trends in these areas. I am an editor at Content Rally.

View all posts

Leave a Reply

Your email address will not be published. Required fields are marked *

Related

Candlestick Chart

How to Read a Candlestick Chart

Every online trader knows that reading a candlestick chart is just part of their skillset. Without it, you won’t be able to glean all the information you need about the market in mere seconds. And while other charts offer a lot of data about stocks, trends, and market movement, candlestick charts are quite popular thanks to their ability to condense a lot of information in their structure and the way the body, color, and shape of the candlesticks are represented on the chart. To help you get up to speed with this important concept here’s a breakdown of candlestick charts as well as a guide to doji candlestick pattern. Unique Candlesticks: Shaped like a candle, data on the chart are represented by a candlestick shape called the body. That body could be hollow or filled each denoting a different piece of information. There’s also the long thin line above and below the body. They are called “shadows” and refer to the high and low ranges of the price. The top shadow represents the high end of the price while the bottom one is for the low range. A hollow body represents a stock that closes higher than its opening price. In that case, the top shadow refers to the closing price while the bottom shadow represents the opening price. On the other hand, a stock closing lower than its opening price is represented as a filled body with the bottom shadow depicting the closing price while the opening price is represented by the top shadow. Thus it is easier to interpret the candlestick charts compared to other charts and learn more about the market trading with just one look. Bodies Long and Short: When you look at the chart and see a long body you can tell right away that there’s a lot of trading on that stock. The opposite is true of short bodies where little price movement is involved. Whether the body is black or white also tells you more about the kind of pressure the stock went through. A long white body means the buying pressure was extreme. They refer to a bullish wave and you should take a closer look at the big picture to make a good decision regarding this stock. Along black body is the exact opposite. It means the opening price declined and selling is rather aggressive. It’s not a good sign for that stock and you might see a panic in the market. Shadows Long and Short: Since the shadows represent the highs and lows of the session, there’s a lot you can tell about the session by just observing those top and bottom shadows. Short shadows mean that the majority of the trading was restrained and within the opening and closing prices. Long shadows, on the other hand, mean that prices swung wildly going beyond the open and close. So if you see a long upper shadow and a short bottom one you can conclude that buying was aggressive of this stock with high bid prices but later the highs were tampered leading to a weak close. The same can be read from a short upper shadow and a long bottom one. Selling was dominating the trading of this stock but toward the end of the session buyers forced the prices up giving it a good close. Doji Pattern: Doji is another candlestick that represents neutral patterns. However as part of the big picture they can provide a lot of information. You need to take into account the preceding price and future confirmation in order to decide whether the doji points to a bullish trend or a bearish one. A doji means the open and close of the security were equal. But both the previous trend and following candlesticks can change that neutrality. A long white candlestick followed by a doji can mean the buying pressure is easing off. The same applies to a long black candlestick followed by a doji. It means the selling is not as aggressive as before and there won’t be a panic. In general, doji mean the market is stable and both the supply and demand are even around that security. Candlestick charts are a valuable way to get a lot of information about the trading of a certain stock. It’s a valuable asset in your trading arsenal and will help you become a more successful trader. Read Also: 7 Things You Must Know About Dow Jones Stock Market Chart How To Start Trading On The Stock Market And Profit?

READ MOREDetails
How To Choose The Best Broker For You

How To Choose The Best Broker For You

Choosing the right Forex broker can make a big difference in launching a successful investment career in the trillion-dollar forex market. However, choosing the best forex broker is no easy task given the overwhelming number of brokers all gunning for people’s money at any given time. 1. Types of Forex Brokers : When it comes to online foreign exchange trading, an important consideration is opening a trading account with a reputable forex broker. There are three types of forex brokers ranked based on how they handle transactions and how they execute market orders. No Dealing Brokers : As the name implies, No Dealing Brokers lack a dealing desk and instead, strive to offer the best composite quotes from multiple forex quote providers. In this case, providers will post their best market prices that NDD forex broker will have to choose to execute transactions. NDD brokers charge a commission or widen the bid-offer in order to make profits from trades entered by traders. Market Makers : A market maker is a type of forex broker that offers a two-sided customer market. In this case, the broker always ends up taking the other side of trade depending on the side that a forex trader has taken. In case a trader makes a buy, the broker is obliged to take the sell-side. Electronic Communication Network : An ECN forex broker provides a platform whereby forex traders from all walks of life regardless of skills congregate to place trades. 2. Features of a Reliable Forex Broker : Regulatory Compliance : In a sector where the number of international forex brokers can be overwhelming, scrutinizing regulatory compliance can be the only way of ending up with a reliable forex broker. Going through forex brokers reviews do not a sure way of ending up with a reputable broker as such reviews can be manipulated. Highest rated forex brokers are always in compliance with the highest level of regulation depending on jurisdiction. For example in the U.S, regulated forex brokers are members of the National Futures Association and are registered by the U.S Commodity Futures Trading Commission as well as the Retail Foreign Exchange Dealer. A flashy forex broker website cannot be used to rate a broker. Trading with a regulated broker is essential if one is to rest assured of the security of their deposits as well as the integrity when it comes to trade execution. Trading Platform : The best forex trading account is one that comes with a trading platform that is pleasing, easy to use and has a variety of indicators and tools for technical analysis. Legit forex trading companies offer trading platforms that have clear-cut buy and sell buttons. Some go the extra mile and provide panic buttons for closing all open positions at once. Conversely, trading with a forex broker offering a poorly designed platform can lead to costly mistakes such as opening a trade when one intended to close or going short when one meant to go long. Customer Service : Highest rated forex traders come with a robust customer service team that is always on dial any time of day to address forex trader’s needs. When choosing a forex broker, it would be essential to give them a random call just to get an idea of the service they are likely to offer once an account is opened. 3. How to Identify a Good Broker : A good forex trader is one that charges lowest transaction costs when opening and closing trades. Spread and commission charges can significantly eat into one returns if caution is not taken. Legit forex trading companies allow people to deposit and withdraw funds hassle-free. Any broker that comes with restrictions on when one can withdraw or the amount of money one can withdrawal should be a big no. Execution of trades is another aspect that one should always pay close attention to when selecting forex brokers. Under the normal market condition, a forex broker should allow trades to get filled, at or very close to the market price on the screen. Going through forex broker reviews is of utmost importance prior to opening a forex trading account. Such reviews provide clear-cut information about the kind of forex trading service one is likely to experience based on other forex trader’s experience. In addition, trading with a regulated forex broker is a must. Read Also : How Real Estate Factors Into Business Decisions Protecting Your Business From Retail Theft 6 Tips To Help Your Business Stay Ahead Of The Competition

READ MOREDetails
image001

Oh, Crop! Killer E-commerce Mistakes You Need to Conquer

One of the most lucrative and fast-growing industries is the e-commerce industry. It has risen in popularity over the years due to the convenience and accessibility it provides for the consumers, and even for the sellers themselves. A lot of people have been trying to start their businesses from home, yet they don't know where to start, and they have no idea about the wide variety of industries they can invest in or the right tools they should use. Aside from knowing what to do with your new venture, you also need to know the common mistakes and blunders you can commit. Lapses, no matter how small, can be highly detrimental to your business. But as worrying as it all sounds, don't worry. You can learn how to spot, avoid, and remedy these mistakes with this simple guide. Without further ado, here are five mistakes you need to avoid to keep your e-commerce business bug-free and in full swing. Mistake #1: Forgetting Your Market One of the biggest and most common mistakes online entrepreneurs make is forgetting what their market looks like or who their target audience is. Aside from spending most of your time and effort in honing the perfect product, without actually creating a need for your customers, you also have to know your customer demographic. Wouldn't it be ideal to have customers before creating a product, rather than having a product beforehand and then looking for clients? All of your efforts will be rendered fruitless. Know how to target your audience or your buyer persona. A buyer persona is a representation of your customer's demographics, such as age, gender, profession, and social status. To paint you a clearer picture, if you're a designer in the print industry, you need to know your target audience before you begin selling. You won't sell cheap business cards to upper-class professionals looking to spruce up their portfolios just as you wouldn't sell overly-priced prints for low-quality products. Mistake #2: Lack of Social Media Presence The regular person owns at least five social media accounts. And on average, we spend about an hour and 40 minutes browsing these sites. Can you believe that the number of online shoppers in the United States alone will reach 224 million in 2019! Numbers aside, the stats are telling us to leverage social media in getting our brand out there. Say hi to social media. Brands are using social media marketing for some highly useful and practical reasons. Some even devise different loyalty program for their avid followers on social media channels. Some of these are because it provides: Low-cost solution. Social media platforms are an excellent way to get bang for your buck advertising and brand exposure. Customization. From Facebook Insights to Google Analytics, you can customize your pages to your heart's content and receive detailed reports on your customers' demographics and browsing behaviors. Excellent customer service platform. According to a recent study by Venturebeat, 51 percent of the respondents say businesses need to be available around the clock. If e-commerce brands are now adopting customer service chatbots with 24/7 messaging services, so should you. If you’re still not convinced, you can think of your social media accounts as your company’s very own affordable business cards, showcasing your brand and the services you offer virtually. Mistake #3: Neglecting Mobile Optimization Mobile is everywhere, and the world is accessing the internet through their smartphones. With 80 percent of internet users owning a smartphone, failing to recognize the need for mobile optimization, could mean losing half of your potential e-commerce market. Poor user experience can negatively impact your conversion rates. If you shift your focus on creating the ideal mobile user experience for your customers, you can increase your brand reputation and customer retention, and avoid losing 61 percent of your clients due to the poor website experience. As an internet-based entrepreneur, use whatever tools you have at your disposal to provide an optimized user browsing and shopping experience. Bank on your best assets and give yourself an advantage over your industry rivals. Mistake #4: Faulty Shipping Flexibility When you first decided to run an e-commerce business, I'm guessing you did for the flexibility it gave you in doing your daily tasks. You didn't have to meet people face to face, and you could make your timetable to suit your needs. You can now do all of your work at home, and nobody would have to see you in sweatpants. The same principle goes for your consumers. All customers like to have options, especially when it comes to shipping. According to research, only 1 in 4 online shoppers complete a purchase? 44 percent of cart abandonment cases are due to high shipping costs, and a whopping 93 percent of online shoppers say they'll buy more if they got free shipping. Free shipping can increase sales and improve customer loyalty. According to a study from E-tailing, 73 percent of purchasers consider unconditional free shipping as a decisive factor in shopping online. But like all other business aspects, weigh the pros and cons of your business before making a decision. Mistake #5: Failing to Measure Performance If you want to succeed in the competitive world of e-commerce, you need to know how to gauge and evaluate your performance. Take note of your business habits, particularly regarding expenses and marketing. Use your business plan as a roadmap to help you steer your way throughout your business venture. Check your statistics regularly. Update your ledger and see if your business is thriving or failing. Look at your consumer insights and keep up with the masses' latest trends. Be as specific as you can with your data. Don't inflate your figures and understand the areas you lack to improve them further. By monitoring your performance, you are helping your business achieve greater heights compared to passive management. And the good news is, there's always room for improvement, be it for you or your business. Takeaway As John Sagel said, "What we do know now is that the 'E' in e-commerce doesn't stand for 'easy.' Opening an e-commerce business can be overwhelming and nerve-wracking, but it can also be a highly worthwhile and profitable venture. There is no guarantee of overnight success. However, you can set yourself up for the best chance at succeeding. To do so, grasp the basics, learn from seasoned entrepreneurs, and watch out for their mistakes to avoid committing them yourself.

READ MOREDetails