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Building an E-Commerce Business with Shopify

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This presentation was given in December 2015 at General Assembly. It provides an overview on both the Shopify e-commerce platform as well as fundamental strategies in building an e-commerce business. Topics include customer acquisition, conversion optimization, fulfillment management, retention marketing and analytics.

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Building an E-Commerce Business with Shopify

  1. 1. Why Are You Here? • You’re generally interested in e- commerce • You’re considering starting an e- commerce company • You’re already running an e- commerce empire and want to help it continue to be awesome
  2. 2. What Are We Going to Do? • Part One: Using Shopify to Set Up an E-Commerce Store • Part Two: Creating a Strategy for Your E-Commerce Business
  3. 3. Who Am I? • Founder of Growth Spark • Founder of MEB • E-Commerce Author and Teacher • BusinessWeek Top 25 Entrepreneurs • Babson College ‘09 Alum
  4. 4. What is Shopify? • Platform Released in 2006 • 200,000+ Merchants Across ~150 Countries • $12 Billion in Total Sales on Shopify • 100+ Themes • 900+ Apps
  5. 5. What Features Does it Offer? • Website Builder and Blogging Platform • Unlimited Bandwidth • Third-Party Fulfillment Integration • Built-In SEO and Marketing Tools • Inventory and Order Management Capabilities • Mobile and POS Capabilities
  6. 6. Setting Up Your Shopify Account http://bit.ly/GA-shops
  7. 7. Downloading Workshop Materials http://bit.ly/GA-shops-stuff
  8. 8. !!!Time to Play!!!
  9. 9. E-Commerce success is driven by four numbers . . .
  10. 10. Number of visitors to your website Percentage of visitors who purchase Average order size of their purchase Average margin per order
  11. 11. Number of visitors to your website Percentage of visitors who purchase Average order size of their purchase Average margin per order
  12. 12. Number of visitors to your website Percentage of visitors who purchase Average order size of their purchase Average margin per order
  13. 13. Number of visitors to your website Percentage of visitors who purchase Average order size of their purchase Average margin per order
  14. 14. How do you improve the performance of these four numbers?
  15. 15. Focus on your relationship with the customer and analyze the experiences they have across their entire buying journey.
  16. 16. We break this relationship down into five steps and have created a framework for analyzing them called the E-Commerce Customer Lifecycle
  17. 17. • Acquisition • Conversion • Fulfillment • Retention • Measurement
  18. 18. How do you get people to your website?
  19. 19. • Search Engine Optimization • Content Marketing • Social Media • Pay-Per-Click (PPC) Advertising
  20. 20. Write in Pictures
  21. 21. Track Content Campaigns
  22. 22. Think Responsively
  23. 23. Plug in SEO Canva MOZ
  24. 24. How do you get people to buy once they're there?
  25. 25. • Design and Experience • Social Proof • Promotions and Service • Customer Buying Tools • Omni-Channel Management
  26. 26. Provide Intelligent Search Tools
  27. 27. Merchandizing vs Categorizing
  28. 28. Integrate Social Activity
  29. 29. YOTPO Candid Swiftype
  30. 30. How do you get people the product once they’ve purchased it?
  31. 31. • Order Management • Shipping Management • Inventory Management • Financial Management
  32. 32. Develop Business Logic, Not Software
  33. 33. Think About the Packaging Experience
  34. 34. Provide Process Transparency
  35. 35. Wombat ShipStation Skubana
  36. 36. How do you get people to come back and buy again?
  37. 37. • Customer Support • Loyalty Programs • Referrals and Advocacy • Email Marketing
  38. 38. Reward Your Customers
  39. 39. Setup a 'Candy' Aisle in Your Checkout
  40. 40. Segment and Personalize Email
  41. 41. Help Scout Sweet Tooth Klaviyo
  42. 42. How do you measure these activities and build a better understanding of your customer?
  43. 43. • Performance Metrics • Analytics Management • Customer Hub • Conversion Optimization
  44. 44. Plan The Year, Measure the Day
  45. 45. Measure Events, Not Just Conversion
  46. 46. Profile Your Customers
  47. 47. Geckoboard Google Analytics Sauce

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