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Product Sequencing in Magento & Shopify - Arrange your online store aisles exactly the way you desire

Shane
|
April 1, 2023
|
Min read

In physical stores, the retailer always arranges the products in two ways. One that is visually pleasing or in an order that he finds best to increase sales. The arrangement of products in an aisle at an online store is called product sequencing.

This is usually based on quantitative and qualitative store data.

Product Sequencing in offline stores

(Products sequenced for display in a physical store)

Why sequence products in online retail?

Over 25% of visitors across most online stores drop off after every page. In order to reduce customer acquisition costs, retailers have to ensure that online visitors click through a product page within the first three page scrolls. Product sequencing gives merchants unlimited flexibility in showing the diversity of the product category across its attributes.

For Example, consider an online fashion store that has a product listing page for New Arrivals under $99. These new arrivals include different types of products such as dresses, shorts, tops, trousers, etc. Merchants expect to display all these types within the top three pages. This will help the visitors to easily discover the trending products within their choice.

Product Sequencing in online stores

(The category page aisle is sequenced using Tagalys by a unique product type one after other, namely dresses, shorts, tops & trousers)

Leading retailers also prefer Sequencing the products by different attributes such as colors, sizes, sleeve style, fabric, etc. to increase visitor engagement and conversion.

Challenges in Manual Sequencing

In online stores, retailers either do not have complete control over product sequencing or they spend more time to manually pick and position every product. This becomes nearly impossible for retailers who have a large catalog. Also, this becomes much more difficult in the case of small and medium-sized retailers who end up consuming all their productive time in sequencing.

Manual sequencing is also disadvantageous in the fact that it is static. Hence this requires constant monitoring and a dedicated resource to follow up on the changes which eventually increases the operation cost.

Sequencing by Tagalys

Tagalys has the ability to automatically arrange one or many products in sequences, based on tags or attributes. It involves less manual effort and the desired sequencing can be achieved within a few seconds. Retailers can apply multiple sequences to a Category / Collection based on price, color, inventory, tags, revenue, new arrivals, bestsellers, etc. The sequence order can be changed simply by drag and drop. If sorted by Tagalys’s Trending score, local boosts can be applied to those sequences.

The flexibility provided in the Tagalys dashboard in Sequencing includes setting the number of products to be displayed per sequence, having a unique sort order for each sequence. The pages sequenced by Tagalys are dynamic in nature. This means the products added in the future would also be sequenced automatically if it matches the sequencing condition. The sequence in Tagalys can also be converted into a Global Sort Option (GSO) for retailers to use it on other categories | collections.

Tagalys maximizes conversion rate & gives merchants visual control of products displayed in Site Search & Category pages at their online store. To know more about our solutions and features, get in touch with us now.

The Evolution of KYC

KYC is a fundamental regulatory requirement aimed at preventing money laundering, fraud, and identity theft. Historically, KYC involved manual verification processes that required customers to submit physical documents, leading to delays and potential errors. The advent of digital KYC has transformed this space, enabling faster, more accurate, and seamless verification processes.

Image courtesy of Vlada Karpovich via Pexels

Vision and Approach

Neokred is at the forefront of this digital transformation, offering cutting-edge solutions that simplify and streamline KYC procedures. Their approach is rooted in leveraging advanced technologies such as artificial intelligence (AI), machine learning (ML), and blockchain to create a secure, efficient, and user-friendly KYC process.

“In a world older and more complete than ours they move finished and complete, gifted with extensions of the senses we have lost or never attained, living by voices we shall never hear.”

Key Features of Digital KYC Solution

  • AI-Driven Verification
    Neokred uses sophisticated AI algorithms to verify customer identities in real-time. By analyzing patterns and detecting anomalies, AI ensures that only genuine documents are accepted, significantly reducing the risk of fraud.
  • Seamless User Experience
    The platform is designed with the end-user in mind, offering an intuitive interface that guides customers through the verification process effortlessly. Users can upload documents, capture selfies, and complete verification steps from the comfort of their homes.
  • Blockchain Security
    Blockchain technology enhances the security of KYC data by creating an immutable ledger that is resistant to tampering. This ensures that customer data is protected and can be audited with transparency.

Success Stories

Neokred is at the forefront of this digital transformation, offering cutting-edge solutions that simplify and streamline KYC procedures. Their approach is rooted in leveraging advanced technologies such as artificial intelligence (AI), machine learning (ML), and blockchain to create a secure, efficient, and user-friendly KYC process.

Conclusion

Digital KYC solution represents a significant leap forward in the way businesses approach identity verification. By harnessing the power of AI, blockchain, and seamless integration, not only simplifies the KYC process but also enhances security and compliance. For businesses looking to stay ahead in a competitive market, embracing innovation could be the key to unlocking greater efficiency, cost savings, and customer satisfaction.

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In physical stores, the retailer always arranges the products in two ways. One that is visually pleasing or in an order that he finds best to increase sales. The arrangement of products in an aisle at an online store is called product sequencing.

This is usually based on quantitative and qualitative store data.

Product Sequencing in offline stores

(Products sequenced for display in a physical store)

Why sequence products in online retail?

Over 25% of visitors across most online stores drop off after every page. In order to reduce customer acquisition costs, retailers have to ensure that online visitors click through a product page within the first three page scrolls. Product sequencing gives merchants unlimited flexibility in showing the diversity of the product category across its attributes.

For Example, consider an online fashion store that has a product listing page for New Arrivals under $99. These new arrivals include different types of products such as dresses, shorts, tops, trousers, etc. Merchants expect to display all these types within the top three pages. This will help the visitors to easily discover the trending products within their choice.

Product Sequencing in online stores

(The category page aisle is sequenced using Tagalys by a unique product type one after other, namely dresses, shorts, tops & trousers)

Leading retailers also prefer Sequencing the products by different attributes such as colors, sizes, sleeve style, fabric, etc. to increase visitor engagement and conversion.

Challenges in Manual Sequencing

In online stores, retailers either do not have complete control over product sequencing or they spend more time to manually pick and position every product. This becomes nearly impossible for retailers who have a large catalog. Also, this becomes much more difficult in the case of small and medium-sized retailers who end up consuming all their productive time in sequencing.

Manual sequencing is also disadvantageous in the fact that it is static. Hence this requires constant monitoring and a dedicated resource to follow up on the changes which eventually increases the operation cost.

Sequencing by Tagalys

Tagalys has the ability to automatically arrange one or many products in sequences, based on tags or attributes. It involves less manual effort and the desired sequencing can be achieved within a few seconds. Retailers can apply multiple sequences to a Category / Collection based on price, color, inventory, tags, revenue, new arrivals, bestsellers, etc. The sequence order can be changed simply by drag and drop. If sorted by Tagalys’s Trending score, local boosts can be applied to those sequences.

The flexibility provided in the Tagalys dashboard in Sequencing includes setting the number of products to be displayed per sequence, having a unique sort order for each sequence. The pages sequenced by Tagalys are dynamic in nature. This means the products added in the future would also be sequenced automatically if it matches the sequencing condition. The sequence in Tagalys can also be converted into a Global Sort Option (GSO) for retailers to use it on other categories | collections.

Tagalys maximizes conversion rate & gives merchants visual control of products displayed in Site Search & Category pages at their online store. To know more about our solutions and features, get in touch with us now.

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