The eCommerce industry in Australia is growing and we have seen a dramatic shift in the industry post-pandemic. Technology is making purchasing effortless, and it is changing the way the consumer shops.Recent statistics show that the Australian eCommerce market is to reach US$46.68bn in 2022 with a projected market volume of US$69.35bn by 2025.So eCommerce stores are in a great position to grow and generate revenue. The only hurdle, however, is the equally increasing competition. As is the case with any industry, as the demand increases, so does the number of suppliers.Competing for visibility is not a challenge. Technology has made it easy to increase audience reach. There are social media platforms, organic optimization techniques, paid advertisements, and many more strategies that an eCommerce brand can use to increase brand visibility.The challenge eCommerce stores face today is not with creating awareness but with increasing conversions. Converting a user who has already come into the eCommerce store. The immense competition within the eCommerce space gives users a huge number of options, which is increasing bounce rates.So what can eCommerce stores do to make the best of every single store visitor? We answer that in this article.
Knowing a shopper’s thought process from intent to purchase will help put the strategies we present into context.
Each step indicates the consumer’s interest level and willingness to make a purchase. Each of these steps is also a possible drop-off point, which means the eCommerce store needs to engage the visitor/shopper at every point in their journey.
Increased shopping options have made consumers lazy. They want to find the right product fast, or they are willing to check elsewhere. Your store has to make sure that the effort spent in finding the right product is minimal to ensure the consumer continues to move forward in their purchase journey.Make sure your eCommerce store checks the following boxes-
There are 3 ways visitors will find products on your eCommerce store. Optimising each of these will help you increase user engagement-
Consumers often compare prices before checkout. ‘Am I making the most economical choice?’ is usually the last mental hurdle they face before making a purchase. Providing a discount/offer code right at checkout helps push this dilemma out of their mind. Offering discount codes also ensures repeat visits. Consumers will want to check if any other discount is currently running.
It was estimated that Australians spent over $8 billion across the four days from Black Friday to Cyber Monday in 2021, with Victoria spending approximately $190 million, ranking as the biggest spender over the sales weekend. What makes sales during festive seasons like Cyber Monday, Good Friday & Easter Weekend Sales, and Black Friday popular? The fact that they offer regular products at a discounted price. You can capitalise on this inherent love for a good discount by creating sale pages with select products offered at a discounted price.
All these strategies require an intelligent merchandising solution. Dynamic listing pages, advanced sorting, searching with synonyms, etc. require a fair bit of automation to achieve. That is where Tagalys comes in.We provide an integrated solution for search, sorting, categorization, dynamic sequencing, recommendations, and more, specifically for eCommerce stores. Our solutions help you engage every user at every step of their shopping journey.Don’t just take our word for it; try Tagalys for free by opting into our 28-day trial period.
Vanja S
Sheike
"Tagalys makes merchandising effortless. Their data driven sequencing and sorting drastically improves our effectiveness. Tagalys takes the guesswork out of merchandising and product recommendations."
Ryan R.
Camilla
"I love that Tagalys listens to customer needs and has an innovative + agile team around them which can support addressing those needs and adding improvements to the roadmap."
Rafaelle C.
Blue Bungalow
"Tagalys is the powerful and reliable data-driven solution that we were looking for when it came to search & merchandising for our Shopify Plus store. There is no limit as to how custom you can get with your merchandising, which is exactly what we were after!"
Tiarne Warren
Meshki
"The dedication of Tagalys team is evident from the feature developments. I appreciate their effort in understanding our business needs and feedback. We have saved numerous working hours and achieved great performances."