You are in the: Small Business Computing Channelarrow
Small Business Technology
» ECommerce-Guide | Small Business Computing | Webopedia | WinPlanet

ECommerce-Guide to Advertising & Marketing Solutions   News, reviews and practical solutions for your online business  
Home News & Trends Solutions Resources eBiz FAQ Selling on eBay Forums Video Products Glossary About
Advertising & Marketing Technology Affiliate ECommerce Building Secure Payment Processing Web Design Customer Relations


Search
ECommerce-Guide

ECommerce Glossary
Enter a Term:

Free Newsletters
Small Business Tech Daily

Webopedia

You are in: ECommerce-Guide > Solutions > Advertising and Marketing

ECommerce-Guide Essentials
eBiz FAQ
Everything you need to know to start your own successful e-business.

Selling on eBay
How to make money in the online marketplace.

PayPal Payments and More
What's new in secure payments for your online store.

Shopping Cart Software
Solutions to close, process and track your online sales.

ecommerce-guide solutions

Retailers Mixing Up E-tailing Tactics
By Clint Boulton

January 27, 2005


Online retailers used new tactics to boost sales during the end of year holiday shopping season, according to the results of a mystery shopping study conducted by the e-tailing group.

The e-commerce consulting firm said retailers using the same old practices from year to year have reason to fear, as more and more shoppers will turn to vendors with more innovative sales charms.

To provide guidelines to help conservative retailers snap put of their doldrums, the e-tailing group provided a list of metrics culled from 100 retailers showing what perks may have led to improved sales from 2003 to 2004.

"To achieve best-of-breed status, merchandising tactics need to be customer-centric and multi-channel," said Lauren Freedman, President, the e-tailing group, inc.

For example, advertising Internet-only sales was a key way to garner new customers and sales for 14 percent of all retailers surveyed. Incentives such as buy one/get one free, or a savings on the next purchase were also used by 23 percent of the merchants in 2004 versus 12 percent in 2003.

Though an age-old standby, suggestive selling also proved popular among vendors to boosting purchase orders. Forty-nine percent of sellers upsold last year versus 22 percent in 2003. The number of retailers who issued recommendations in the shopping cart stage also grew from 50 percent in 2003 to 56 percent in 2004.

Outfits used viral marketing to spread word of the goods they sold, with a quarter of retailers asked saying they provided a forum for customer feedback to sell products.

Sixty-one percent of retailers surveyed offered a holiday shipping deadline in 2004 as opposed to 56 percent in 2003, while more companies offered conditional free shipping as the Christmas deadline grew closer.

Also, 86 percent of the sites in 2004 offered gift certificates or gift cards compared to 77 percent in 2003. This highlights a convenience factor for time-constrained consumers who may not have time to shop traditional brick-and-mortar stores. More sites also offered gift wrapping in 2004 than in 2003, 55 percent to 50 percent.

In other valuations, the study determined that it is crucial for retailers to use a manufacturer's "brand" as a selling point and that aggregating products by vendor is becoming more important: this was done by 83 percent of retailers surveyed in 2004, versus 75 percent in 2003.

Offering exclusive products is another way sellers can differentiate themselves, with 26 percent hawking goods unavailable elsewhere in 2004, as opposed to just 13 percent in 2003.

This article originally appeared on InternetNews.com.

Tools:
Add ecommerce-guide.com to your favorites
Add ecommerce-guide.com to your browser search box
IE 7 | Firefox 2.0 | Firefox 1.5.x
Receive news via our XML/RSS feed