Scaling an E-commerce Business: The 5 Non-Negotiables
Starting an e-commerce business requires a lot of focus to get those first few winning customers, but as time goes on and we look to scale our business, it soon becomes apparent that efficiency and sustainably growing a business is vital for continued success.
Scaling is a pivotal practice, but what are the key steps to successfully scale your e-commerce business? There’s more than you think.
Understand Your Value Proposition
While we can spend a lot of time trying to understand our customers, we should clearly understand ourselves as well. This means that you’ve got to gather the right evidence. The great thing is that these days, whether you are on WooCommerce or Shopify, there are a number of fantastic features.
Shopify analytics can help you to scale in terms of your platform, but when you use the right tools to understand your products and what makes them unique, you can then improve your offerings.
Choose the Right Platform
A scalable e-commerce platform can make a huge difference to the quality of your offerings. Platforms like Shopify and Magento can provide a huge wealth of support, but you need to ensure that the platform of choice can handle the increased traffic. Additionally, look for built-in features.
In addition to analytics, you could also benefit from mobile responsiveness and SEO tools, the latter being particularly important in terms of creating the right content but also ensuring your products rank well on Google. It’s also vital to remember that the future needs of your e-commerce business should be taken into account. Smaller organisations seldom think beyond a year, but what’s going to happen when your audience diversifies across international channels? From there, you’ll need things like multi-currency support or international shipping capabilities.
Invest in Marketing
Marketing should encompass a comprehensive strategy. We’ve already mentioned search engine optimisation, as this can improve organic search rankings, but you also need to look at other components as well, such as the right social media platforms to increase engagement and brand awareness. Additionally, email marketing campaigns are still one of the best ways to keep customers, which is something many smaller businesses do not think about.
The benefit of having an email marketing campaign is that you can slowly, over time, fine-tune your approach so it becomes more personal, for example, through A/B testing your cold emails. There are also paid advertising options, like Google Ads, but to do this effectively, you’ve got to be very savvy with your budget.
Marketing can absolutely blow your operations wide open, but remember not to throw the kitchen sink at it, particularly if budget is a problem. The focus should always be on the product and the customer and enhancing what you already have.
Prioritising Customer Service
Your customers are the people who will keep coming back if you treat them right. It’s a common mistake to think customers will buy from us once and be gone forever. We need to think that the right customer will keep coming back because they like doing business with us.
This means, beyond the products you offer, having a number of support channels, whether it’s through your phone or online chat, and focusing on as much autonomy from the customer’s perspective as possible. For example, FAQ sections or a knowledge base can make for less work on your part.
Automating Processes
It’s the best bang for your buck, and when we’re talking about efficiency, automation is always the winning practice. You can set up a number of automated processes, for example, chatbots for basic customer enquiries or utilising AI-powered product recommendations and even automated accounting or financial reporting systems.
We have to remember that as our business expands, we may not necessarily be able to bring in more staff members, and we should always have a focus on the finances. But remember that we can go too far. We shouldn’t continue to focus on cost-cutting exercises but rather be more customer-focused.
There are things that we can do in-house that will make life easier, and these days, there are so many different automated tools and practices that we can implement, for example, setting realistic growth targets that are part of the SMART structure while also balancing growth with maintaining product quality.
By thoroughly addressing each of these areas, you will absolutely be in the perfect position to scale your e-commerce business effectively. Scaling is not something that we do once; it is an ongoing process. Therefore, we should adapt, but with analysis and understanding at the forefront.