I created a new Wordpress Ecommerce site that sells more than 70 jewelry items.
What is the best available advertising channel that can help my new Ecommerce site get started and make revenue?
When it comes to ecommerce, Facebook dominates as the source for social traffic and sales. In a study done by Shopify, Facebook drives nearly two-thirds of all social media visits to Shopify. An average of 85% of all orders from social media were from Facebook. Specifically for the jewelry and watch category, 92% of all orders from social media came from Facebook. Facebook also had the highest conversion rate at 1.85%. Information gathered from http://www.shopify.com/blog/12731545-which-social-media-platforms-drive-the-most-sales-infographic
If you need help setting up Facebook ads for an ecommerce store, please reach out.
There is no silver bullet to answer this question, and there is no right answer until you identify a number of factors about your customer base.
I'm happy to do a call with you and help apply some tactics and channels that have worked for others!
Excellent question - the short answer is you should be doing everything possible and then once finding a "soft spot" in the market take advantage of it until it dries up. A more targeted response is I would consider building out a massive email/newsletter list and starting some drip email marketing/re-targeting campaigns so you can get people who have visited the site to return and actually complete an order. Given your target market (jewelry buyers) I would say having an opportunity to continue the discourse is absolutely critical; especially with people's patterns on luxury goods being what it is )(the majority of aren't going to make their final purchasing decision the first time you visit their site, but rather over several instances hitting the page and then also doing off-site research as well.) This also lets you extend your website conversion funnel further by allowing a key interaction/conversion point not only be visiting the site, then the catalog page, then adding to cart and then checking out, but also allows you to get people give you valuable data earlier in the chain just by putting up an email sign-up form (perhaps a light-box roadblock pop-up on the main page?)
My hunch is that fashion and lifestyle blogs – aimed at women and with plenty of image sharing – would convert well for your e-commerce website. How to get their attention or forge relationships is another question – and not for me to answer.
Social media platforms ought to be evaluated on the same basis – demographic and reliance on pictures. Facebook advertising would be something to consider, I imagine.
I think you are asking the wrong question. The focus should not really be in the best channel. It should be: Who is my ideal customer? What is the best way to present my product to them and where is the best place to reach them?
if you understand your messaging well and what is unique value proposition, you can experiment and test different channels.
Hi, I've driven an eCommerce business to $4.5 million in annual sales.
There are 2 approaches to promoting your Webstore:
1. Paid - Instant traffic, must keep ROI positive, low "long lasting" effect.
2. Free - Building a long lasting brand and authority in your space, takes at least 3 months to see substantial results.
The correct approach is balancing between the two.
Your final goal is to drive highly relevant organic traffic, while constantly improving your conversion rates by doing A/B tests.
I recently helped my wife launch her own online jewelry store.
It really depends on budgets but in her case, she didn't have a huge one. Here's what I told her to do:
1) make sure to build an email list from day 1
2) Use instagram to engage with your target clients (don't sell, but inspire)
3) Start promoting your store with friends on Facebook and have them like your page. Then create facebook ads targeting friends of friends who like your page with your picture on the ad since they're familiar with you.
4) Consider adding your products to marketplaces to generate income faster (Etsy, Amazon, ebay)
That's what she started doing and slowly implementing things.