Your Ecommerce Business Is Dead Unless You Apply This Long Term Strategy
After lengthy discussions with my support team, who work actively with over 500 new ecommerce businesses, we have unanimously agreed that these are the 5 biggest mistakes individuals and small businesses make when opening an ecommerce store. This new paradigm presented by Amazon spurred a novice category, which combined all three -technology, media and retail-becoming known as ecommerce And because of its far-reaching implications, ecommerce spewed out many and various competitors at a rapid rate.
ECommerce marketing today is typically made up of several creative or unique mixes of traditional and new-age marketing strategies that can include techniques related to direct mail, email marketing, search engine optimization, CPC or sponsored listings, building related links, establishing brand recognition and social media marketing.
In this article on Predictive Analytics World , author Robert T. Mitchell interviews experts from three analytics consulting firms, and finds that the most common mistakes with deploying predictive analytics solutions are from not having end goals in mind, not removing junk data (due to lack of understanding) & having a company culture that is unwilling to test changes.
Since 2010, our global team of researchers have been studying the patterns of the latest eCommerce software purchases by customers around the world, aggregating massive amounts of data points that form the basis of our forecast assumptions and perhaps the rise and fall of certain vendors and their products on a quarterly basis.
The continuous evolution in the Ecommerce segment has given and will further offer new business strategies and simultaneously we will offer new business generation tools to generate more sales, increase business reach, track product, pricing and channel competition.