Do you think it is time to get An All-in-One eCommerce Solution? -
If you're selling apps, digital content, or software, you will come to a time when you need think about what you can do to monetize your product or service, and grow your business.
Subscription? One-time payment? Will my product or service be accessible to anyone in the world? What will the purchase experience be like? What will be the process for collecting payments? There's a myriad of issues that could be in your mind when you start exploring the ecommerce opportunities for your business.
The cost of investing in tools that are homegrown and collecting point solutions from third-party vendors will only get your company so far. How do you tell when it's time to invest in a comprehensive online store?
For your convenience, here are some aspects of both internal and external things to take into consideration when deciding if an all-in-one ecommerce solution is right for your business.
External Factors: The State of the Ecommerce Industry
The consumer is embracing the digital world of.
There is a clear possibility for businesses to profit from the market that is growing. It all comes down to focusing on the customer experiences.
Businesses need to focus on global consumer preferences.
Cross-border ecommerce is growing rapidly. Forrester estimates that international commerce will make up 20 percent of all e-commerce transactions by 2022 which will be worth $627 billion. Consumers are no longer concerned with the location of an organization when it comes buying on the internet. And they have high expectations about their experience shopping.
The key to be successful in the increasingly globalized world is accepting global payment methods that offer localized prices, various languages, and maintain international and local compliance with tax and regulation. The right ecommerce solution will manage localized purchase experiences every time for every buyer around the globe.
Internal Factors; Your business
Increasing costs through DIY or point solutions are leading to disjoint e-commerce experiences.
On first look, it may appear to make sense to invest your internal funds into creating a homemade online shopping solution. Actually, a customer, Nelio tried the DIY route before deciding on 's the complete platform for ecommerce. However, these internal systems typically consume a substantial period of time as well as money to keep. Your internal teams can be better utilized for more important things--like building new services and products to help scale your business.
On the other hand the other hand, there's no limit to the variety of points that your company can buy to handle every aspect of the ecommerce experience. Yet, all of these tools could cost your business more in the long run, and will limit your organization's ability to offer the optimal ecommerce experience consumers have come to anticipate.
Insufficient conversion rates can limit the potential of your earnings.
When it comes to low conversion rates, it's usually you, not the customer. Are site visitors surprised by unexpected taxes? Are they worried about website data and transaction security? Are they annoyed by the insufficient payment methods?
There are a myriad of factors that contribute to the low conversion rate of your website. And all-in-one ecommerce solution will empower you with best practices and industry standards which will boost confidence among your site visitors. If you're not getting the amount of sales you were hoping for, it may be time to consider making an upgrade.
Outdated checkout flows are interfering with scaling your business.
Third party hosted checkout pages or clunky checkout processes won't cut it anymore. Consumers expect a seamless, branded experience throughout the entire checkout process. If they don't get the experience they expect then they'll look to rivals. Relying on development resources for updates to your product pages wastes precious time and resources.
Do an audit of the check-out process. Heatmaps can help you identify areas where customers are dropping off prior to making purchases. Take that data and combine it with an e-commerce platform of the top quality that will help you build modern purchase experiences featuring popup checkouts right from your page of products, as well as the ability to add discounts and special offers, along with cross-sells as well as up-sells. This is all without having to count on the support of developers!
Do you have some external and internal forces affecting your business right at home? You may want to make the switch to an integrated e-commerce platform that can manage all aspects of the online shopping experience for your company. Schedule your custom demo today.
