“Yeah, continue straight to Spending Avenue, pass the point of the Lowest ROI Ever, and you will find it right there, on the shore of the Red Ocean.”
The naked truth is that it’s hard to stand out nowadays in the ecommerce
game. There’s a lot of noise, high customer acquisition costs, increasing competition and, on top of all that, low conversion rates.
I’ve played this game for 10 years. After I struggled and managed to build my own ecommerce
business (with more than 100,000 customers), I have also had the immense opportunity to consult and assist nine different growth marketing teams from various industries such as fashion, cosmetics, electronics, and home and decoration. I suffered beside entrepreneurs who, despite their drive, passion, and commitment, had failed because they started data-driven decision management too late.
I also have the immense opportunity to see hundreds of experiments that ecommerce
websites have been making with our conversion rate optimization
platform (CRO), Omniconvert, which I built in 2013. That convinced me that there’s plenty of room to grow for ecommerce
is the only trillion-dollar industry
growing at a double-digit percentage each year.
From assortment to user experience
and from demand generation to fulfilment, there’s always a missed opportunity to tackle.
In my journey so far, I’ve identified three important lessons to keep in mind if you want to grow your ecommerce
1. Ask yourself the right questions
This is the very first thing you should do if you want to grow. What are the factors that will grow your business the most?
This is an excerpt from the article published on Tech In Asia. You can read the full article here.