Students In E-Commerce: 6 Simple Tricks To Run A Successful Online Store
Online shopping has never been as trending as it is now. According to Forbes, it’s projected that 20.8% of all retail purchases will be made online this year. Due to this and a number of other factors, the e-commerce sales industry is expected to have a 10.4% growth in 2023. Thus, if you are looking for a stable and promising business, that must be it.
E-commerce has plenty of benefits for students. First of all, Amazon, eBay, and other popular marketplaces let you start selling online with minimum time and investment. Moreover, sites like WordPress enable young entrepreneurs to create their own online stores with ease. Besides, running an online store can be combined with your studies if you find yourself a reliable professional custom writing service that will take care of the hard academic tasks for you.
The only question is—how do you run a successful online store as a student? Read on, and we will share a few handy tips with you!
Keep Your College Tasks Covered
As was mentioned earlier, it’s possible to combine this venture with studying. Still, you must remember that managing an online store is a full-time job that requires attention, dedication, and commitment.
As a student, you might find it hard to run a store and, at the same time, keep up with all your college assignments. But there is a smart solution to this problem. All you need is to check out honest essay service reviews and find a professional academic help service that you can rely on. This trick will help you ensure that all your tasks are completed, all deadlines are met, and you receive high grades at all times, even when you are busy managing your store.
Delegate Order Fulfillment
As a student, you must be on a budget and not have much money to invest in your store. Thus, it can feel pretty obvious to undertake all responsibilities on you, at least at first. But the truth is that effective delegation is the key to success. When your store is finally up and running, you will have plenty of tasks by default, trying to attract and convert more prospects. Thus, it’s important to delegate the boring stuff to others.
The easiest way to do this is to partner with a professional dropshipping merchant. This way, your merchant will handle everything related to order fulfillment, including inventory management, packaging, etc. And you will have more time to focus on customer satisfaction and sales.
Feature a Live Chat or Helpdesk
It’s a no-brainer that customer satisfaction is the key to high ROIs and sales. And the key to customer satisfaction is proper customer support. If you check out a few trending online stores, you will see that every single one has a live chat or helpdesk feature to provide prompt care for their customers.
You should do the same if you want your store to succeed! And you don’t even need to hire a large team of support agents from the start. These days, there are smarter ways to deliver excellent customer support. Namely, you can rely on chatbots and AI-powered virtual assistants.
Build Social Media Presence
The 2020 Sprout Social Index report revealed that 89% of consumers prefer to buy goods from brands they follow on social media, and 8% will choose it over a competitor, thanks to a good social media presence. These numbers indicate the huge role of social media in e-commerce. So here’s one more tip for managing your store—get on all major social media networks that your target buyers use and build your presence. This will help you boost awareness and drive plenty of traffic and sales to your store.
Keep an Eye on Abandoned Carts
As an owner (or manager) of an online store, you should really keep an eye on every customer who abandons the cart without making a purchase. These are your warm leads that can still be converted if you add more effort to this matter.
To turn the situation in your favor, prepare an effective email reminder and send it out whenever someone abandons the cart. This will help you stay on top of their mind and minimize the number of lost leads.
Focus on Data
In large quantities, data can be confusing and even terrifying. However, it’s still your most powerful weapon for success in e-commerce, so you should never ignore it. Choose a suitable CMS platform and integrate your favorite analytical solutions into it to know more about your buyers, their behaviors, interests, and more.
This information will give you valuable insights needed to boost engagement, conversions, and sales. So don’t hesitate to delegate your college tasks to the top paper writing services to have more time and focus on collecting and analyzing customer data ASAP!
Of course, these aren’t all things you need to know to successfully run an online store. Still, these are some of the most effective and time-tested pieces of advice. Start using them now to get on the right track in e-commerce and ensure your success!