Tuesday, July 22, 2008

Increasing Your Conversion Rates.

Increasing Your Conversion Rates: 50 Tips For Ecommerce Sites


You can convert More of Your Traffic into sales without having to spend a lot of money. There are hundreds of ways to improve your conversion rate and the persuasiveness/stickiness of your website, many of which can be done very quickly and most will cost you close to nothing to implement.



1. Use real customer testimonials with authentic customer photos... no stock photography. Shoppers can quickly tell the difference.



2. Make sure your marketing effort attracts qualified traffic. Example, if you sell Digital cameras, don’t advertise that you sell macro lens just to get more traffic to your site. This may drive more visitors, but they are visitors with no intent to purchase, thus decreasing your conversion rate.



3. Get a toll-free number and make sure the placement of that number on your site is prominent and consistent.



4. Include “points of reassurance” at every “point of action”. Example – if you are requesting that a viewer provide you with



their e-mail address, clearly state that privacy is very important to you and that you will not share that information with any other party.



5. Use SSL (secure server certificates from a well known SSL authority) and make sure that the user knows you are using it. Display a prominent "Secure server" note at the top of the page.



6. Build trust, subscribe to a service like VeriSign, Thawte or ScanAlert and Prominently place these logos to reassure your customer that you care about the security of their information.



7. Have a clearly defined privacy policy and link to it from all pages.



8. Include a physical address on your site.



9. Don’t always concentrate on just making the “buy now” buttons the most prominent on every page, but rather concentrate on styling the “primary action” buttons the most prominently on every page. Example – you sell books, and you provide the customers with the ability to select a few related books and compare them before they can buy now. Make that “compare button/link the same style as you would the “buy now” button/link on a page in which the “buy now” button exists. This will help herd customers through your sales funnel.



10. Clearly Define your return policy.



11. Make sure to include an “About Us” section on your site. The majority of my customers will visit or look for that section before making a purchase.



12. Make your site load fast, easy to navigate and user friendly. No need for horizontal scrolling, excessive vertical scrolling, large animation files or intrusive pop-up windows.



13. Keep your “buy now” button consistently and prominently placed on all product pages. The closer to the top of the page...the better. ”Above the fold if you want it sold” & 2. “Eye level is buy level”.



14. Provide clear good quality images of your products with an "enlarge image" option.



15. Make your checkout process as usable, intuitive, reassuring and simple as possible. Losing a shopper during your checkout process is a CRITICAL loss.



16. Don’t make people type their e-mail address twice. Get the site to remember and do it automatically.



17. Don’t force people to install crazy plug-ins just to make a purchase from your site. Stick with JavaScript, Flash and the other breads & butters.



18. Read your copy, make sure its compelling, yet not exaggerated and too loud.



19. Identify your unique selling proposition and exploit it. If you are the only seller of medium-sized green widgets in the UK, clearly state that and be proud of it.



20. Implement a “site search” box and make sure it is accurate. Not only it will allow users to find what they want quick, it will give you an insight as to what they are shopping for and what terminology(keywords/key phrases) they are using so you can tailor your copy (and ad campaigns) accordingly.



21. Don’t just focus on the many features of your product, but rather on the benefits those features will provide you customers with. Don’t just say “folding ladders”, say “Our folding ladders will save you valuable garage space”.



22. Display your prices, shipping charges and tax clearly BEFORE the checkout process is completed.



23. Don’t use a drop-down for the "country" or “state” list over your order form. Many people are using scrolling mice these days, many are sure to accidentally scroll off of their

 



correct state.



24. Let customers copy their shipping info to their billing info if they are identical, with one click.



25. Remove distractions as much as possible from the final checkout process such as the main navigation that existed during the shopping portion of your site.



26. Clearly provide a checkout process indicator. If your checkout process has 3 steps, clearly indicate at the top of the page what step they are on and how many steps there are to complete the order.



27. Clearly identify what info you really require during your checkout process. Eliminate unnecessary text fields/questions.



28. Use easy to understand, friendly error messages. No “INCORRECT USER INPUT IN STATE FIELD!” messages.



29. If your checkout error messages occur on a page other than the page with the errors, preserve the information that the user has already input and get the site to input it automatically.



30. Double check the spelling on your site. And the spelling on your error messages. "Ers in input filed" would look very unprofessional.



31. Try and get good reviews from shopping authority sites (shopping.com, epinions.com, bizrate.com, etc) and from previous shoppers.



32. Don’t use complex formulas for shipping price calculations, Example - 'if you buy 13.5 kilograms worth of x", then multiply that weight by y shipping rate. Get the site to do the calculations and show the shopper the price.



33. Consider shipping the product free. This is often a very good selling point with online shoppers.



34. Display the stock status of the selected item and do so BEFORE the user puts the item in their cart.



35. If you don’t sell or run out/discontinued an item, remove it from the site.



36. If you are offering a lot of products, users should be able to sort them by important criteria...price, size, color, etc.



37. Provide an easy way for shoppers to compare details of similar products.



38. Use a custom 404 not found page to link people back to the important areas of your site



39. Give a clear estimate of the delivery time.



40. Accept a wide variety of payment options and clearly display those options.



41. Important information should not look like ad banners. There really is such a thing as “ad blindness” and people will automatically skip over this important information.



42. Make sure you have a “first-time visitor” page. This is where you are going to explain why and how you are different from your competitors.



43. Update your copyright statements on page footers. Make sure that the current year is displayed....fix that 2003 copyright statement.



44. Let customer make a purchase without having to register with your site.



45. Consider making every link the last part of the statement “I want to...”. Don’t just have a link that says “the privacy policy”, but rather “read the privacy policy”. Do you get it... the shopper wants to “Read the Privacy Policy”.



46. Don’t use too clever names for your shopping cart like “widget basket” or “widget box”. Call it "My shopping cart" or "My shopping basket".



47. Don’t make the shopper specify select an option when there is only 1 “option”. If the product only comes in red, don’t make the shopper select the “red” radio button or choose “red” from the drop down. Get the site to do it automatically.



48. Provide clear shopping instructions in an empty shopping cart. Don’t just say “your shopping cart is empty”.



49. Provide a "special sale” or "special clearance” section. This will attract the budget-conscious shoppers.



50. The most important golden rule...you must portray a lot of trust and credibility to instil shopper confidence and get them to make a purchase. Make sure you do.


About the Author: (c)2005 Gail Bellaiche. Gail Bellaiche is an Internet Marketing professional and webmaster at http://www.intelliwebtools.com as well as a number of e-commerce sites. Visit her website for articles and tutorials on Internet Marketing, Search Engine Optimization and other great webmaster tools.


Source: www.isnare.com



How To Set Up Ecommerce Software Tools To Handle Your Transactions

How to set up the ecommerce shopping cart software tools to handle your transactions and how to do in smart, efficient and cost effective way.
Utilizing a ecommerce shopping cart software solution frees
you of the burden of setting up and managing your shopping car,
credit card processing and sales management functions so you can
concentrate on what you do best, providing products and services
for your customers.




The cost of using professional financial management providers
who can set up your ecommerce shopping cart software pay you
back 10 times over by eliminating the worry if your cash flow is
being managed correctly, if your software is working properly
and if your ecommerce income is secure and under responsible
management.



By utilizing ecommerce shopping cart software solution, the
quality of service is significantly higher than a conventional
solution such as PayPal and the worry of having your account
frozen or service in some other way disrupted is completely
eliminated.



Creating a profitable web site is the dream of many of us. As
you begin to explore the technicalities of getting your web site
up and running, there are a lot of decisions to be made. Perhaps
one of the most daunting areas of research is how to handle
payments online. But getting paid is the bottom line of any
business. You need a reliable and trustworthy tool for
collecting payments for your goods or services and one that will
grow and change with your business and as your web site grows.
In the beginning, the questions outnumber the answers.



Of these many questions and the many more you may have, none are
more perplexing than how to set up that "ecommerce shopping cart
software" on your web site so you can accept credit cards.



Do I have to Apply to the Credit Card Companies to Accept Credit
or to set up my Ecommerce Shopping Cart Software?



The good news is that there are services that are already in
business on the web that can provide you with ecommerce shopping
cart software services and handle all of that overhead for a
small fee. These services have gone through meticulous scrutiny
and have been validated as trustworthy to handle your accounts.
As you start to research these accounts, you will learn how to
look for the proper authentication so you know you are working
with a reputable service.



But here is where a bit of caution is in order. Do your homework
and be a savvy web shopper. Merchant account handlers can be
very costly. Shop around for the right deal. You want an
ecommerce shopping cart software partner who has set up your
business relationship so your level of cost is directly related
to how profitable you are.



Another internet concept that is good to know well is the idea
of having your ecommerce shopping cart software "hosted".
"Hosted" means that a third party is handling the transactions,
the credit card management (and fees) and the payment
authorization as we described earlier.



One alternative to having your ecommerce shopping cart software
transactions hosted of course is to set it all up yourself which
itself is a daunting challenge. A second alternative is to
download a free ecommerce shopping cart software module that can
handle that part of our business for us at no cost. Therefore,
before you go into partnership with a third party hosting
vendor, you need to have peace of mind that it is the right
decision for you.



Are There Some Tangible Reasons to Have My Ecommerce Shopping
Cart Software Hosted Rather Than Use Free Software or Do It
Myself?



What are the reasons for using a hosting solution for our
ecommerce shopping cart software that will be reflected in our
bottom line?



* Your focus is on what you do best. Your internet business, the
services and products you offer there represent what you are
really good at supporting. Let's face it, that is your real
passion, not the nuts and bolts of the infrastructure, the
bookkeeping and the financial details.



* Compare the cost to the investment of your time. In general,
the cost of a hosted ecommerce shopping cart software is under
$100 a month. Compare that to the effort and risk, you will take
by using unreliable software or doing it yourself and it becomes
painfully clear that this is the kind of service you need to
outsource.



* What do you do if something goes wrong? By subscribing to a
reputable business that does this kind of thing for a living,
you have that assurance that they will be there when you need
them.



* You need this job done right the first time! By using a hosted
ecommerce shopping cart software service, the installation and
maintenance of your shopping cart is handled by skilled experts
who are

 



installing well tested systems on your web site. That
alone is worth the monthly cost of the service.



* One word - Security. Financial transactions must be guarded at
the highest level of security, particularly in the online world.
A reputable hosting service not only has put in place rock solid
security measures, they are bonded and responsible to see to it
your accounts are managed in a secure fashion.



Should I Rely on PayPal for My Ecommerce Shopping Cart Software
Solutions?



PayPal is probably the most well known service for handling
online transactions. However, there may be good reasons to think
again about using PayPal as your primary ecommerce shopping cart
software service and to do some comparison shopping when that
time comes.



At the very least, consider keeping more than one ecommerce
shopping cart software option at your disposal. If for any
reason your account becomes unavailable, "frozen" or locked out
because the service has problems, that can have a dynamic impact
on your business and on your customer retention as we will
discuss I a moment.



What Are the Best Ways to Enhance My Ecommerce Shopping Cart
Software Presence to Improve My Web Visitors Experience and
Encourage More Business?



In addition to choosing the right ecommerce shopping cart
software vendor and keeping backup alternatives as we have
discussed, putting some thought into how your site will manage
the purchase processing will pay off in completed sales and
repeat sales.



* Use a secure sign authority (SSL certificate) such as Verisign
or Scanalert. Once you have set your site up with these
services, you can prominently display your authorization which
will give your business credibility as a legitimate member of
the internet business community.



* Put into place a site search function early in your web
visitors experience. Web shoppers love to use search engines and
it also gives you a point of contact to collect interest
information from them which can be used later for marketing
purposes.



* Be subtle in guiding your customers to the point of purchase.
So many sites put a "buy now" button on every page which is
pushy and tends to drive customers away. Instead, draw your
customer in and then when you know they are looking at what they
want, then guide them to the purchase process where your
ecommerce shopping cart software is located.



* Review your purchase process to assure that it is easy,
enjoyable and fast so the customer frustration is kept very low
or eliminated. Have your site reviewed by friends and associates
so they can give you an impartial review of how your purchase
flow works for the average web customer.



* Retain input. If you harvest their information early in their
visit, use that again later when they are signing up for a
purchase. Display on the screen the information you have
gathered.



* Give your customers a point of review before they confirm the
final purchase. Once they have made their product, shipping and
other related choices, display a summary page of their purchase
which represents their invoice.



* Make sure the customer is sure where they are in the purchase
process and how much is left. If there is a five step process to
the purchase, tell your customer what that is as they begin and
let them know where they are as they go so they know they are on
the right track and will be done soon.



* Communicate often with your customers about the purchase as it
is processed. Send a confirmation email with the invoice to
supplement the place online where they can purchase. As the
purchase is processed, send frequent emails letting them know
what is happening.



There are many ways you can customize the purchase experience
for your customers so their interaction with your ecommerce
shopping cart software is enjoyable and rewarding to them. They
will never know they are working with a third party service but
by combining the professionalism of your ecommerce shopping cart
software provider with your own high priority on customer
service, you are building a web site sure to be a on the book
mark list for your valuable customers.



About the author:


Since 1998 Sandro has been helping ordinary people achieve
"extra-ordinary" results in business and in life. He lives in
Vancouver, BC - Canada and he's one of the late Corey Rudl's
protégés teaching internet marketing at the IMC. Learn to
supplement your income, get free weekly tips and how-to advice
by visiting
http://www.sandrosalsi.com/articles/ecommerce-shopping-cart-softw
are.html


How To Create A Money Magnet Ecommerce

How to Create a Money Magnet Ecommerce Web Site
If you've been online for more than a day you've probably
heard some "guru" somewhere recommend that you create a
Money Magnet Web Site - a site that is highly automated and
helps you make money 24 hours a day. While that might
*sound* great, what they often forget to tell you is HOW to
do that.


Well, I'm going to tell you right now, in this article!


First, what IS a Money Magnet Web Site? A Money Magnet Web
Site can be defined as one that is equipped with an
integrated suite of both e-commerce and internet marketing
tools in a fashion that will allow you to be the most
profitable with the least amount of effort.


Most e-commerce systems are equipped with the following
essentials:


- A shopping cart.
- Acceptance and processing of credit cards.
- A maintenance system that allows you to add/change products.
- An order-retrieval system that enables you to fulfill orders.


However, what most of them are lacking are marketing tools.
There are several marketing strategies that are essential in the
creation of a successful e-commerce web site:


- Email marketing (broadcasting) of prospects/customers
- Effective use of autoresponders (generate automatic email
messages)
- Online Newsletter
- Online Form / Survey to capture your prospect's email address
- Electronic Product Delivery (if you sold a digital product)
- Advertisement (Ad) Tracking
- Back End Sales
- Affiliate program


Now, if you had a system that would support the integration of
ALL of these marketing tools in addition to the necessary
e-commerce essentials, then you would have a Money Magnet Web
Site. After all, it has been shown that it often takes 7 or
more ad exposures before prospective customers actually make a
purchase. Consider the following scenario:


A prospect clicks on an advertisement in an online magazine.
This action increments a counter for this particular ad to
help you determine how well it's working. They don't decide
to buy as of yet but join your newsletter. They are now
considered a prospect. You begin to send them a monthly
email newsletter. Additionally, an autoresponder kicks in
to thank them for joining the newsletter as well as
scheduling them to get email twice a month for the next 90
days reiterating your product benefits and inviting them to
purchase.

Upon sending them one of your "juicy" offers that they
couldn't refuse, they finally purchase. They will
automatically be removed from your prospect list and added
to your customer list.

Based on the particular product or service they've
purchased, they will receive a series of emails every two
weeks for the next 6 months offering complementary products.
This will be the engine that will drive your back end sales
and keep your customers coming back to your web site.


Being able to play out a scenario such as this using

 



one
integrated system would be pretty impressive don't you think?
The internet big boys do this with expensive e-commerce platform
suites produced by vendors such as IBM, Microsoft and Oracle.
Having your system automatically perform these follow up tasks
frees you up to spend more time on your business, your health
or your family!


=====> What can you do to obtain a money magnet web site?


Fortunately, there are ways that you can automate your website
in much the same way that the big boys do. The best and most
cost-effective way would be to sign up with one of the handful
of Application Service Providers available on the internet which
provide a shopping cart integrated with a full suite of
marketing tools. Normally, the shopping cart and tools are very
flexible and can be incorporated into any website.


=====> Are there any other ways to automate your business besides
working with a total solution provider?


You can accomplish some level of automation without an
integrated shopping cart system, however, it will require manual
intervention and of course it would be incomplete. I believe
that the most important asset of your e-commerce business is
your email lists. Therefore, concentrate on the implementation
of a good autoresponder/list server system to "enhance" your
present e-commerce website. There are several good ones on the
market. Look for providers that allow you to:


- Create multiple lists.
- Add prospects via a web form, email, or manually through a
management console.
- Send out an unlimited number of autoresponder messages.
- Send out an unlimited number of email broadcasts.
- Set up and distribute a newsletter.


When setting up your autoresponder system, create one list for
your "prospects" and another one for your "customers". Now,
here's where you come in: when a person orders your product,
you will have to perform the extra task of logging into your
autoresponder system and manually remove them from the prospect
list and add them to the customer list. This action will then
trigger your customer autoresponder series of messages to be sent.


Remember, the key to building a successful e-commerce web site is
to automate your marketing engine as much as possible and drive
your prospects and customers back to your web site. This will
certainly create a money magnet e-commerce web site for you!


****************
To learn more about website automation, visit Izzy Camacho at
http://www.internet-marketing-made-easy.com.
About the Author

Izzy Camacho is an accomplished software developer with approximately 20 years of experience. He has a degree in computer science from a distinguished university. For the last several years he has been involved in the creation of web site applications for corporate America.


Developing a Winning Ecommerce Marketing Strategy

p>Developing a Winning Ecommerce Marketing Strategy

One bright spot on the economic horizons around the world seems to be continued consumer spending and ecommerce is clearly a part of this, with sales estimated to be in excess of $9.9 Billion in the next three months according to ACNielsen. But, there is a dark cloud hovering over this landscape called poor ecommerce web site design. Let’s explore some of the reasons why consumers are not reaching for their credit cards after perusing an ecommerce web site.

There is a huge knowledge gap about how the web is really driving online and offline commerce. A recent eCommercePulse survey of more than 33,000 surfers conducted by Nielsen/Net ratings and Harris Interactive indicates ecommerce sites are driving more purchases offline (phone, catalogue, retail store sales) than online. Consumers are using the web to effortlessly compare features and pricing – then, calling the company or visiting their local retail store to make a purchase. Clearly many companies need to factor this information in when they analyze their online and offline marketing expenditures and related ROI.

Unfortunately many firms have allocated a disproportionate amount of resources for advertising and not enough on good web site design and back end infrastructure. It’s critical to make the market aware of a site, but if the potential customers are not presented with the right navigation and menus (read information architecture) they will not buy. Case in point, according to recent Dataquest surveys (and others) between 20-40% of most users don’t purchase because they can’t figure out how to easily move around the web site.

Many companies fail to properly integrate their ecommerce components with the overall site design. The in-house developers or outside design firm concentrate on the sexy parts of the web site design process (the graphics, branding, look and feel) and only focus on the ecommerce process after the primary web site design is completed – making ecommerce an afterthought.

Many ecommerce web sites don’t even list a phone number, arbitrarily forcing people to contact the company electronically – this is a real problem, as many people don’t want to use e-mail or forms as their primary means of communicating, they want the immediacy of the telephone.

It's surprising, but approx 30% of ecommerce sites don’t have a search capability that actually works – in many cases it just returns gobblygook. This is a real irritant for many online shoppers who want to find goods and services quickly and efficiently – the need for speed should be the ecommerce merchants marketing mantra and a good search capability gives users a way to quickly find products.

One of the most important parts of any web site is

 



the home or index page, as it aggregates the design elements and information architecture. So many index page are cluttered and poorly designed, loaded with poor graphics, bad menu structures, oddball words or my absolute least favorite, 30-60 second Flash animation sequences which force the user to sit and stare at a blank screen while the animation loads.

According to a recent Zona Research and Keynote Systems Report released earlier this summer over $25 Billion (USD) was lost in ecommerce due to users abandoning the web site prior to a purchase being made or during the process. The users just gave up because the load times (how fast it takes a page to be displayed in a browser) were painfully slow. Today’s online shoppers aren’t a real patient group, they want information presented in 12-18 seconds, or they are off to another site that works.

Privacy statements are about as exciting as filing taxes (unless you know your getting a refund) – they are out of necessity filled with legal terminology that needs to be addressed succinctly and in a way that makes a consumer feel comfortable about doing business with an ecommerce web site. Unfortunately, many ecommerce web site privacy statements look like an afterthought or are so “attorney driven” (three pages – who has time to read this?) people are turned off by them. It’s very important that a privacy statement be a compromise between legal and marketing.

We are a full service ad agency so I don’t mind shooting arrows in the direction of my peers – too much attention is being placed on web site advertising metrics (clickthrough rates, certified traffic to substantiate ad rates, etc.) and not enough on how people find and use an ecommerce web site. The industry standard web site analysis tool is Web Trends, but one of the least understood aspects of this product is tracking how people find and move around a web site via reports which can be pulled from the server log files; i.e. where did the visitors come from, what pages do they visit, how long do they stay, what are their traffic patterns, etc. Ecommerce companies should be analyzing these “digital customer tracks” to better understand how to improve their front end marketing processes and back end web site design.

Lee Traupel has 20 plus years of marketing experience He is the co-founder of a Northern California and Brussels Belgium based, privately held, Marketing Services and Software Company, Intelective Communications, Inc. http://www.intelective.com Intelective focuses exclusively on providing services to small to medium sized companies that need strategic and tactical marketing services. He can be reached at Lee@intelective.com

Choosing an Ecommerce Shopping Cart

Choosing an Ecommerce Shopping Cart




Choosing an online shopping cart is a big decision. Unlike a traditional brick and mortar business, your website is your only chance to impress potential customers. It needs to project a professional image to capture the trust of your visitors. The shopping cart is a particularly important part of your website because it deals with people’s personal information and credit card numbers. People are nervous about online purchases and need to be assured that they are giving their credit card numbers to a reputable company.

There are several types of ecommerce shopping carts available. They range from merchant services, which require no programming skills, to fully integrated shopping carts that require custom programming. The three main categories of shopping carts are:



  • Merchant services such as eBay and 2Checkout

  • Hosted shopping cart services

  • Fully integrated shopping carts



Merchant Services

Most shopping carts require you to have your own merchant account and gateway. A merchant account is a bank account that allows a business to conduct credit card transactions and the gateway allows the transaction to be conducted over a secure connection. It’s okay if you don’t have a merchant account or gateway. Merchant service shopping carts allow you to use their merchant account, gateway and shopping cart for a higher cost.

Merchant services are beneficial for very small businesses or those that are just starting and don’t have a lot of orders. Merchant services provide the merchant account, gateway, hosted shopping cart and will maintain your customer’s personal information. They usually require a set-up fee between 50 and 200 dollars, transaction fee between 30 and 75 cents, and 5% to 10% of each transaction. Because you are using their merchant account, your customer’s credit card statement will show the merchant services business name not yours. In some cases, customers will not recognize the charge and may dispute it.

Merchant service shopping carts have an administrative interface, which allows you to login to your account to add products, prices and shipping options. The shopping cart generates the html for the purchase buttons and you simply copy and paste the html into your web pages. When your customer clicks on the purchase button, he is taken to another website to enter the credit card information. This indicates to the customer that you are a small business. Some potential customers will abandon the shopping cart rather than enter their credit card information on a website they know nothing about.

Once your business grows to the point where you are processing over $1000 a month, it’s more cost effective to apply for your own merchant account and switch to either a hosted shopping cart (little or no programming) or a fully integrated shopping cart (programming required).

Hosted Shopping Cart

The hosted shopping cart is a great solution for a small business that is processing over $1000 a month but does not have the resources to create or customize a fully integrated shopping cart. Hosted shopping carts are similar to the merchant services because they provide an administrative interface for you to enter products, pricing and shipping options. They will generate the html for the purchase buttons, which can be copied and pasted into your html pages.

Hosted shopping carts face some of same problems

 



as merchant service carts because your customers will be transferred to a different website to enter the credit card information. Some hosted shopping carts allow you to customize the shopping cart so that it has the same look and feel as your websites. Customizing your shopping cart may require some programming skills, but it could also prevent customers from abandoning their shopping carts.

The main difference between the merchant services shopping cart and the hosted shopping cart is the name that appears on the customer’s credit card and pricing. Hosted shopping carts allow you to use your own merchant account and gateway, which means the customer’s credit card statement will show your business name next to the charge. This can decrease your charge backs.

If you are using your own merchant account and conducting over $1000 of transitions each month, the hosted shopping carts can be less expensive than merchant services. Your merchant account will probably charge a monthly fee between 20 and 60 dollars, transaction fee between 10 and 50 cents, and a percentage of the transaction, usually ranging between 2% to 3.5%. In addition to the merchant fees, your shopping cart service will also charge a monthly fee between 10 and 30 dollars and could charge a transaction fee. These fees sound more expensive than the merchant service option, but if you are processing over $1000 a month and growing, it’s better to pay flat monthly fees than continue to be charged 5 to 10 percent of the each transaction.

Fully Integrated Shopping Carts

The fully integrated shopping cart is a great option for any business that can afford it. The shopping cart will be dynamic and will have the same look and feel as your website. The ZIP Baby Potty Training Store is a great example of a fully integrated shopping cart. Fully integrated shopping carts like this contain features that are not found in merchant service or hosted shopping carts. For example, you can discount items, display customer reviews, assign products to multiple categories, display out of stock notifications, sort products and prices, and display shipping estimates without requiring the customer to create an account.

Integrated shopping carts require advanced programming skills and can often be used with your own merchant account or with a service that allows you to use their merchant account for a higher fee. There are many integrated shopping carts available. Free carts require the most programming skills, but if you don’t have the programming skills necessary to customize a free shopping cart, there are many companies that specialize in customizing fully integrated shopping carts.

Your choice of a shopping cart can have a dramatic impact on your business. Your website is the first and only impression you get to make so you’ll want to make it as professional as possible. While shopping for a shopping cart system, put yourself in your target customer’s shoes and browse the Internet. Review your competitor’s websites as well as those outside your industry. Make a list of shopping carts that you find appealing and research them thoroughly before choosing one.

Copyright 2004 Danna Henderson. All Rights Reserved.



Danna Henderson started ZIP Baby in order to provide parents with comprehensive potty training information and a large selection of potty training products. For more information visit the ZIP Baby Potty Training Store .

Tuesday, July 15, 2008

Ecatalog - A Key Component Of Your Ecommerce Intiative

eCatalog - a Key Component of Your eCommerce Initiative


In recent years, Internet virtually has become major driving force of economic and technological growth in many industries. It is fundamentally changing the way companies operate, do their trade and interact with each other and it is giving birth to new processes and business models that were previously unimaginable.



First type of the Internet business models that created a different business method was Business to Consumer (B2C) eCommerce. Business to Business eProcurement systems and web-based storefronts were two other models that emerged next. The eProcurement systems became widely popular instantly due to the factor that Internet-based automated buying solutions are capable of considerable reducing Maintenance, Repair and Operating expenses, which, in turn, makes direct impact on the bottom line of a company. Web-based storefront, on the other hand, provides a low-cost channel for the global marketing and sales of goods and services.



The next business model that changed the perception of doing business online was eMarketplaces. An eMarketplace is an online venue which brings together multiple buyers and sellers and makes it easier for them to communicate, collaborate and trade as members of a large community.



The fourth online business model has combined key aspects of all the above mentioned business methods and is known as Enterprise B2B Portal or Private B2B Exchange. The business world sees enormous changes across industries due to the emergence of this unique solution. Enterprise B2B Portal with supply chain management features is capable of streamlining procurement and sales processes, cutting overhead costs, increasing efficiency, while maximizing profit and helping bottom line savings for companies.



No doubt that B2B eCommerce presents enormous new business opportunities. But to realize these massive opportunities businesses must overcome some significant technical impediments. The most extreme and critical of these challenges involve creating, managing and distributing product content. All four of the above mentioned online business models face this crucial problem.



Product Content and eCatalog


Accurate and complete product content improves quality and speed of purchasing decisions by giving buyers the vital information needed. For sellers content differentiates their products and enables them to participate in multiple eMarketplaces, eProcurement systems and in their very own B2B Portal. The eMarketplaces and eProcurement systems must deliver content, with value added information such as ratings, reviews, regulatory compliances and service information to attract new users, retain the old ones and fulfill the needs of their diverse buyer and supplier communities.



Creating high quality product content is difficult because different suppliers use different descriptions, attributes and parameters to describe the same item. Managing product information becomes even more complex with the addition of value-added content such as editorial articles, service information and third party reviews.



Moreover, Buyers and Sellers have totally different approach and require different functions from a product content management solution. Buyers need a comprehensive content management system which allows them to take conclusive buying decision with minimum of effort and cost. Suppliers want a system that enables them to manage their brand, control their product descriptions, pricing, and discount policies.


The need for an advanced eCatalog




Despite its critical nature, product information management has been grossly underestimated by most of early eCommerce projects, which tend to focus on more high profile technologies, such as transaction engines and user interfaces. However, few of these B2B projects put required emphasize on the management of product content. As a result, many of them are beginning to realize that they have condoned the challenge

 



of managing product information and that such oversights are hindering the overall effectiveness and scalability of their eCommerce initiatives. Actually, very few of eCommerce initiatives today have the right resources to support the activities required for aggregating, maintaining, and delivering high quality product content. In order to overcome this major hurdle eCommerce initiatives have to improve their ability to acquire, manage and update product content with the help of an advanced eCatalog system.


What is an eCatalog?


An eCatalog is an Online product content management solution with powerful user interface which provides efficient navigation, searching and integration capabilities to organize and publish product information and enable real-time handling of business processes related to buying and selling.



An eCatalog stores product content in a single database and organizes product information under a certain categorized hierarchy. An eCatalog also have sophisticated searching opportunities so that buyers can locate products easily.


Classifying products


Usually product information is acquired from different sources and is often classified under different taxonomies. This makes product indexing difficult and in many cases products end up being listed under several categories. International Harmonized Codes, a taxonomy used by many countries for customs tariff purposes, is one of the example of such systems. Because of this problem, HC and similar taxonomies are not really suitable for eCommerce.



That's why, most advanced eCatalog systems use classification system like The United Nations Standard Products and Services Code® (UNSPSC®), which provides an open, global multi-industry standard for well-organized and precise classification of products and services.



In e-catalogs the product content also has to undergo a normalization procedure to comply with a uniform product naming system. This uniformed nomenclature makes it easier for buyers to compare products and prices, and ensures exact match for relevant product searches. Depending on the quality of product information available, the eCatalog also requires rationalizing abbreviations and acronyms, synchronizing terminologies, converting unit of measurements, etc.



How businesses are loosing opportunities


Early eCatalog adopters made a crucial mistake by assuming that catalog integration is a fairly easy task in comparison to the other parts of eCommerce development. This misapprehension of reality occurred mainly due to lack of practical knowledge in this field and is based on the false assumption that one method fits for describing all similar products and it is possible to constrain product content with finite number of attributes and values. Observation shows that in many cases buyers are unable to take key procurement decisions due to poor content of the product, which results in lost business opportunities for eCommerce companies.


Benefits of using right eCatalog


An advanced eCatalog system similar to Rusbiz.com delivers a compelling value proposition. Using this type of solutions companies can integrate eCatalog capabilities into their business processes rapidly and manage sourcing, classifying, syndicating and publishing product content data effectively.



The return on investment from these solutions is also significant! Companies can expect increased revenue, better customer satisfaction, and shorter sales cycle.





About the Author

Nowshade Kabir is CEO of Rusbiz.com, a global B2B portal for small and midsize companies. Our distinctive web stores along with many outstanding features like e-marketplace, e-catalog,  



the home or index page, as it aggregates the design elements and information architecture. So many index page are cluttered and poorly designed, loaded with poor graphics, bad menu structures, oddball words or my absolute least favorite, 30-60 second Flash animation sequences which force the user to sit and stare at a blank screen while the animation loads.

According to a recent Zona Research and Keynote Systems Report released earlier this summer over $25 Billion (USD) was lost in ecommerce due to users abandoning the web site prior to a purchase being made or during the process. The users just gave up because the load times (how fast it takes a page to be displayed in a browser) were painfully slow. Today’s online shoppers aren’t a real patient group, they want information presented in 12-18 seconds, or they are off to another site that works.

Privacy statements are about as exciting as filing taxes (unless you know your getting a refund) – they are out of necessity filled with legal terminology that needs to be addressed succinctly and in a way that makes a consumer feel comfortable about doing business with an ecommerce web site. Unfortunately, many ecommerce web site privacy statements look like an afterthought or are so “attorney driven” (three pages – who has time to read this?) people are turned off by them. It’s very important that a privacy statement be a compromise between legal and marketing.

We are a full service ad agency so I don’t mind shooting arrows in the direction of my peers – too much attention is being placed on web site advertising metrics (clickthrough rates, certified traffic to substantiate ad rates, etc.) and not enough on how people find and use an ecommerce web site. The industry standard web site analysis tool is Web Trends, but one of the least understood aspects of this product is tracking how people find and move around a web site via reports which can be pulled from the server log files; i.e. where did the visitors come from, what pages do they visit, how long do they stay, what are their traffic patterns, etc. Ecommerce companies should be analyzing these “digital customer tracks” to better understand how to improve their front end marketing processes and back end web site design.

Lee Traupel has 20 plus years of marketing experience He is the co-founder of a Northern California and Brussels Belgium based, privately held, Marketing Services and Software Company, Intelective Communications, Inc. http://www.intelective.com Intelective focuses exclusively on providing services to small to medium sized companies that need strategic and tactical marketing services. He can be reached at Lee@intelective.com

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