How to make the Right choice of a digital eCommerce platform
In 2019, there are as many as 2 billion digital shoppers worldwide .
Digital eCommerce is clearly big business and the opportunities for those brands that do it well are significant. For businesses to survive and thrive in this competitive market they need to be agile and able to adapt to ever-changing trends and evolving customer expectations.
Engaging with consumers online
Your website is so much more than a vehicle for sales. Remember that only 2% of users will convert on their first visit to your site, and around seven out of every 10 will leave products abandoned in their baskets.
Sales and conversions is clearly one fundamental challenge and the lifeblood of your business, but you also need to consider how you engage with your audience across multiple touchpoints.
Your onsite content needs to be an extension of your brand and offer tailored answers to your customers’ queries, guiding them through the purchase funnel. Acting as a platform for consumer research is vital for both the online and offline element of your business. That means your website will also need to work in tandem with any brick and mortar stores you have; don’t forget that as many as 39% of digital consumers research online before visiting a brand’s store .
The importance of the customer experience
Digital savvy customers will also expect instant content replies that are personalised to them as a baseline of the customer experience you provide.
Consumers will share their experiences with a brand (positive or negative) via social media or review sites, and they even expect to be able to purchase your products via Instagram.
They are also not afraid to switch from one brand to another due to the poor customer experience the previous brand provided .
If you get this wrong, it can hit your business hard.
Choosing an eCommerce platform
As an online retailer, your eCommerce platform needs to cater for your current, future and ongoing requirements. Selecting an eCommerce platform that suits your budget, type or size of business (for both now and future aspirations) as well your audience, will stand you in good stead for future success. A bad choice can cost you money, waste your time and disengage your audience.
Map out your business priorities first
Before you begin evaluating the available platforms and technology, take some time to analyse your current business. How well is your website performing? How efficient is your team? How successful were your marketing campaigns? What data do you have and how is it being used?
These are all important questions you’ll need to answer.
Make sure you map out your business objectives, goals and KPIs for the here and now as well as further down the line. Only when you’ve done this, should the process begin.
Look for essential innovation
The pace of change of the market means that any decisions you make today will impact the future success of your business. A platform therefore needs to work now, but it must also cater to your future needs.
A platform provider that is continually innovating and evolving in line with new technology is essential. Consider the following:
Artificial Intelligence or AI (Cognitive capabilities): More than 80% of information is visible to IT systems or computers, and with the rise of AI, they are now beginning to understand and learn from it.
Predictive Analytics: This will help your business correlate real-time information with customer data, helping to personalise customer interactions with relevant content turning statistical analysis into predictable, actionable insights.
Personalisation: According to recent data, 80% of shoppers are more likely to buy from brands that offer a personalised experience, while 71% of shoppers express frustration when a shopping experience is impersonal .
Mobile: Shoppers are increasingly using multiple devices during their purchase journey, with mobile devices often being the preferred method of final conversion. Specifically, over £21million worth of UK shopping sales will be completed on tablets in 2019, and just shy of £10million on smartphones .
OMNI Channel: Consumers have different mindsets throughout the day, and this is reflected in their online habits. They may browse on their way to work, look for quick deals on their lunchbreak and spend their time researching in the evening. It’s crucial to provide a consistent customer experience across devices and multiple consumer touchpoints.
One thing to always consider when choosing an eCommerce platform is to look for a provider that offers the best available technology, as well as being agile and able to evolve, but that integrates this with your current business in a smooth, seamless and intuitive way.
The best solutions are those that make the complex simple.
Dig into their ecosystem community
eCommerce platforms need an extended community of participants, both from a partner and user perspective. Without these, you may be left in the cold when it comes to resolving issues or requiring additional help to overcome business challenges.
Analyse platforms that have a good ecosystem of both technical and business contributors. These will be invaluable to creating a fast and repetitive delivery model to take your business forward, as well as being able to help accelerate your time to market for functionality that may be unique.
The more partners there are, the more choice you will have when trying to find the right partner for the job.
Consider commercial agility
Your online business will be continually evolving. If you stand still, things will stagnate, and you won’t be able to compete.
A platform that has an extensive roadmap of change planned, together with a good indication of what the future looks like, is a great start when making your choice.
Look for functionality improvements released incrementally and regularly as opposed to large annual releases, as this means you can begin to enjoy the benefits ahead of your competitors.
Check for system compatibility
Your website is likely to be in place already, with plenty of existing product databases ready to be integrated with your chosen eCommerce solution.
As mentioned previously your chosen solution needs to be intuitive and work alongside your existing systems. It needs to make the complex simple. Fundamental to a smooth onboarding process will be to choose a platform that is compatible with your existing resources, that integrates well with back-end systems, and plugs into how you work operationally.
A fundamental criteria must be an ability to import your existing data, reports and spreadsheets from a variety of compatible systems.
Evaluate the commercial viability
How and where you spend your all-important budget will always be central to the success of your business.
When first looking for the right eCommerce platform for your needs, you’ll be offered a range of service packages with varying prices. Accounting for the hundreds of available platforms, it can feel like a minefield at first.
Evaluate the various commercial offerings that may suit your business as it grows. Consider the following:
- Pricing models based on a percentage of your revenue might first seem attractive, but they can soon spiral if you are successful.
- Order line pricing on the other hand, enables you to grow quickly at a manageable cost making it a desirable solutions for SMEs with less than 10 lines per order.
- A fixed price service model could be a better solution for bigger businesses.
Map out your business objectives, priorities, and roadmap for future growth as well as analysing the commercial model that will work best for your current, ongoing and future needs. Only then can you begin to make an informed decision on the best eCommerce platform for your business.
At DeeperThanBlue we have years of high profile success delivering both bespoke and large-scale eCommerce solutions to brands with complex and demanding infrastructures. To learn more about our approach and client successes get in touch with us today.
Digital Solution Specialist
t: +44 (0) 114 399 2820
m: +44 (0) 7894 496 043
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