SlideShare a Scribd company logo
1 of 16
E-COMMERCE MERCHANDISING
JaydeepDesai
WHY E-COMMERCE IMPORTANT
In today's competitive business world, having an online presence is more important
than ever. This is particularly true if businesses wish to grow, extend their sales, and
reach customers they might not have reached before. Ecommerce sites enables
businesses of all sizes to reach their target range of customers without being physically
present.
Since the rise of the Internet in the mid to late 1990s, companies have listed their
products and services for sale online. People have caught on, and many enjoy the
benefits and ease of being able to browse for products on e-commerce marketplaces
from the comfort of their own homes. In effect, ecommerce marketing has become
more important than ever for businesses to stay afloat. In fact, businesses can lose
customers or revenue by not maintaining an online presence
ONLINE SALES GROWTH (YOY)
(Past ,Present & Forecast)
WHY CONSUMER PREFER SHOPPING ONLINE
FACTS ON WHY ONLINE SHOPPING IS
GROWING
 Throughout the world online buying has grown exponentially. The money spend
online is projected to increase by about $10 billion within the next five years.
 IBIS World research forecasts an 8.6% per year increase in online revenues over the
next five years.
 In the U.S., Forrester Research shows that $257.7 billion online sales are expected by
2014. A compounded growth of 10% is forecast for the next five years.
 In Western Europe sales are expected to reach 14 billion euros ($155.7 billion), a
growth of 11% percent annually.
 Apparel, computers and consumer electronics will continue to be dominant
purchases; these three areas make up 40% of the current online sales which won't
change in the near future.
 On average, retailers that have both a physical (store) and online presence have
reported an average of 23% growth. Online only retailers (including catalogue sales)
however have seen only 9% yearly growth. Online shoppers are beginning to think
that the best deals are available online (71%) and that they get better prices there
(66%).
SIMPLE STRATEGY FOR GETTING THE CUSTOMER
TO YOUR PRODUCTS
BROWSE
SHOP
BUY
PURCHASE FUNNEL
 Promote Online Presence.
 Create Customer
Confidence.
 Enhance Product Visibility.
 Keep Registration Short &
Optional.
 Rationalize Checkout
Process.
ECOMMERCE BUYING EXPERIENCE
Ecommerce is often considered completely separately from offline retail due to the
logistics of both channels. However, if you have worked in the offline retail world as I
have, you will know that many selling strategies that work offline to increase sales
and increase average transaction values can work online
 LINE OF SIGHT MERCHANDISING TECHNIQUES
 GIFT MARKETING.
 CHANGE YOUR ‘YOU MIGHT ALSO LIKE’ PRODUCTS.
 DONT FORGET ABOUT ADVERTISING AT
ELECTRONIC POINT OF SALE PAGE.
LINE OF SIGHT MERCHANDISING
TECHNIQUES
In many offline retail stores, the layout of the shop floor is governed by the line of
sight from the entrance of the store. Line of sight is the natural or common focus
points for a consumers eye to be drawn to as they enter a shop. It is within these focal
points that stores will place their top selling and highest turnover categories for the
season to help increase sales on these items.
This line of sight merchandising theory can achieved online using a number of simple
options:
 Promote top selling categories using banners or carousels on entry pages .
 Change your navigation structure to ensure that most popular categories feature
prominently on top level navigation automatically by monitoring top selling
categories and changing the navigation to reflect this.
GIFT MARKETING
In offline retail we have known for years that people tend to shop with budgets in
mind, particularly when shopping for kids in an effort to ensure that everyone is equal.
Think about the gifts sections in apparels which begin to pop up dripping with gifts
and stocking fillers.
With this in mind, consider introducing not only a Gifting Category, This will ensure
that the e-commerce shoppers who are on a mission to get in, get gifts and get out
very quickly with fixed mindset of purchase on a particular product on there preferred
ecommerce store on targeted category during the festive season.
CHANGE YOUR ‘YOU MIGHT ALSO LIKE’
PRODUCTS
 Most good ecommerce site platforms provide site owners with the option of
including related or recommended products along the side or on the bottom of
product pages users are viewing.
 This is loosely based on an offline merchandising technique that is often used to
increase average transaction values (ATV). In offline retail you will often notice that
matching accessories or complementary items are placed.
 This technique increases in importance. To maximise on opportunities here, ensure
that you review your “you might also like” options across your site. For example if
you sell a Laptop ensure that some of your recommended products on that page
are Laptop Accessories or Hard Drives. Or if you don’t have a match to complete
the look, think about pushing your stocking filler type gifts for your Ecommerce
shoppers.
“CUSTOMER WHO BOUGHT THIS ITEM ALSO
BOUGHT’’
DONT FORGET ABOUT ADVERTISING AT
ELECTRONIC POINT OF SALE PAGE
Ideal way to promote sales at the check out If your website provides a quick view/
quick add to cart option, placing the list of product which may also interest you can be
listed on the check out page similar to the products or a product which can also be
needful with that products may interest the customer to buy and additional set of
products from the ecommerce stores and this options at checkout review could help
you increase your ATV (Average Trading Value)
Tescos are achieving the ‘last minute purchase’ at checkout both offline and online
( Example in the next slide)
CHECK OUT PURCHASE
FUTURE OF ONLINE SHOPPING
 IN-STORE PICKUP.
 PICKUP DEPOTS.
 MOBILE APPS.
 LESS FLASH MORE FUNCTIONS.
 VIDEOS.
 SOCIAL NETWORKING.
 DAILY DEALS & FLASH SALES.
 DEAL AGGREGATORS.
 RETAIL BASED SOCIAL NETWORKS..
E-COMMERCE WEBSITE BEST PRACTICES
 KEEP IT SIMPLE.
 HAVE QUALITY PICTURES OF YOUR PRODUCTS.
 USE MORE THAN ONE IMAGE FOR EACH PRODUCT.
 GIVE DETAILS ABOUT THE PRODUCT.
 MAKE YOUR ADD TO CART PAGE LOOK GOOD.
 HAVE A NEWSLETTER.
 MAKE YOUR URLS SEARCH-ENGINE FRIENDLY.
 INCLUDE POPULAR SEARCHES URLS IN YOUR GOOGLE SITEMAP.
 HAVE A WIDE RANGE OF PAYMENT OPTIONS.
 LET THE USERS COMPARE PRODUCTS.
 HAVE A SIMPLE SHIPPING FORM.
 OFFER SHIPMENT TRACKING.
 GIVE THE USER SOME RECOMMENDATIONS.
THANK YOU

More Related Content

What's hot

Oreo Plans BookFinal4-24
Oreo Plans BookFinal4-24Oreo Plans BookFinal4-24
Oreo Plans BookFinal4-24Miles Gantt
 
Wholesale Club Industry Analysis
Wholesale Club Industry AnalysisWholesale Club Industry Analysis
Wholesale Club Industry AnalysisDante Frontiera II
 
Radiohead - "Pricing"
Radiohead - "Pricing"Radiohead - "Pricing"
Radiohead - "Pricing"Irwan Arfandi
 
Costco Powerpoint Presentation
Costco Powerpoint PresentationCostco Powerpoint Presentation
Costco Powerpoint Presentationguest754917
 
Strategic Analysis of the Grocery Industry
Strategic Analysis of the Grocery IndustryStrategic Analysis of the Grocery Industry
Strategic Analysis of the Grocery IndustryTayler Reid
 
Milk - Integrated Marketing Communications Plan
Milk - Integrated Marketing Communications PlanMilk - Integrated Marketing Communications Plan
Milk - Integrated Marketing Communications PlanElizabeth Brennan
 
Ab InBev - BUD Challenge 2019
Ab InBev - BUD Challenge 2019Ab InBev - BUD Challenge 2019
Ab InBev - BUD Challenge 2019Arush Sharma
 
Markstrat presentation
Markstrat presentationMarkstrat presentation
Markstrat presentationphanquang144
 
59363626 wal-mart-strategic-management
59363626 wal-mart-strategic-management59363626 wal-mart-strategic-management
59363626 wal-mart-strategic-management9xHuyHoang
 
Young Marketers Graduation - Canifa Repositioning - Nhóm 2
Young Marketers Graduation - Canifa Repositioning - Nhóm 2Young Marketers Graduation - Canifa Repositioning - Nhóm 2
Young Marketers Graduation - Canifa Repositioning - Nhóm 2Giang Nguyễn
 
Goodyear - The Aquatred Launch
Goodyear - The Aquatred LaunchGoodyear - The Aquatred Launch
Goodyear - The Aquatred LaunchSameer Mathur
 
Country of Origin
Country of Origin Country of Origin
Country of Origin Maha H
 
Smm presentation print
Smm presentation printSmm presentation print
Smm presentation printLo Liang Hian
 
Whole Foods Market-brand activation plan
Whole Foods Market-brand activation plan Whole Foods Market-brand activation plan
Whole Foods Market-brand activation plan Avril Shih-Ching Chang
 

What's hot (20)

Oreo Plans BookFinal4-24
Oreo Plans BookFinal4-24Oreo Plans BookFinal4-24
Oreo Plans BookFinal4-24
 
Wholesale Club Industry Analysis
Wholesale Club Industry AnalysisWholesale Club Industry Analysis
Wholesale Club Industry Analysis
 
Radiohead - "Pricing"
Radiohead - "Pricing"Radiohead - "Pricing"
Radiohead - "Pricing"
 
Costco Powerpoint Presentation
Costco Powerpoint PresentationCostco Powerpoint Presentation
Costco Powerpoint Presentation
 
YETI Coolers
YETI CoolersYETI Coolers
YETI Coolers
 
Strategic Analysis of the Grocery Industry
Strategic Analysis of the Grocery IndustryStrategic Analysis of the Grocery Industry
Strategic Analysis of the Grocery Industry
 
Milk - Integrated Marketing Communications Plan
Milk - Integrated Marketing Communications PlanMilk - Integrated Marketing Communications Plan
Milk - Integrated Marketing Communications Plan
 
Ab InBev - BUD Challenge 2019
Ab InBev - BUD Challenge 2019Ab InBev - BUD Challenge 2019
Ab InBev - BUD Challenge 2019
 
Markstrat presentation
Markstrat presentationMarkstrat presentation
Markstrat presentation
 
Biopure
BiopureBiopure
Biopure
 
Target Co.
Target Co.Target Co.
Target Co.
 
59363626 wal-mart-strategic-management
59363626 wal-mart-strategic-management59363626 wal-mart-strategic-management
59363626 wal-mart-strategic-management
 
Panera
PaneraPanera
Panera
 
Harrington case
Harrington case Harrington case
Harrington case
 
Young Marketers Graduation - Canifa Repositioning - Nhóm 2
Young Marketers Graduation - Canifa Repositioning - Nhóm 2Young Marketers Graduation - Canifa Repositioning - Nhóm 2
Young Marketers Graduation - Canifa Repositioning - Nhóm 2
 
Best buy
Best buyBest buy
Best buy
 
Goodyear - The Aquatred Launch
Goodyear - The Aquatred LaunchGoodyear - The Aquatred Launch
Goodyear - The Aquatred Launch
 
Country of Origin
Country of Origin Country of Origin
Country of Origin
 
Smm presentation print
Smm presentation printSmm presentation print
Smm presentation print
 
Whole Foods Market-brand activation plan
Whole Foods Market-brand activation plan Whole Foods Market-brand activation plan
Whole Foods Market-brand activation plan
 

Similar to E commerce merchandising by Jaydeep Desai

MARKETING TECHNIQUES THAT WILL HELP YOU E-COMMERCE JUNGLE Shine IN THE
MARKETING TECHNIQUES THAT WILL HELP YOU E-COMMERCE JUNGLE Shine IN THEMARKETING TECHNIQUES THAT WILL HELP YOU E-COMMERCE JUNGLE Shine IN THE
MARKETING TECHNIQUES THAT WILL HELP YOU E-COMMERCE JUNGLE Shine IN THERajkumar Mushkara
 
17 Tips, Tricks And Growth Hacks To Sky-rocket Your Conversions Using On-site...
17 Tips, Tricks And Growth Hacks To Sky-rocket Your Conversions Using On-site...17 Tips, Tricks And Growth Hacks To Sky-rocket Your Conversions Using On-site...
17 Tips, Tricks And Growth Hacks To Sky-rocket Your Conversions Using On-site...WebEngage
 
Crafted Media - the state of ecommerce
Crafted Media - the state of ecommerceCrafted Media - the state of ecommerce
Crafted Media - the state of ecommerceCrafted
 
Trends 2018 eCommerce for US
Trends 2018 eCommerce for USTrends 2018 eCommerce for US
Trends 2018 eCommerce for USBasil Boluk
 
Increasing Conversions with Relevancy, Merchandising & Actionable Insights
Increasing Conversions with Relevancy, Merchandising & Actionable InsightsIncreasing Conversions with Relevancy, Merchandising & Actionable Insights
Increasing Conversions with Relevancy, Merchandising & Actionable InsightsMiva
 
Amazon Effect on B2B eCommerce: How to Keep Up
Amazon Effect on B2B eCommerce: How to Keep UpAmazon Effect on B2B eCommerce: How to Keep Up
Amazon Effect on B2B eCommerce: How to Keep UpHandshake
 
Moz holy grail of e commerce conversion optimization
Moz holy grail of e commerce conversion optimizationMoz holy grail of e commerce conversion optimization
Moz holy grail of e commerce conversion optimizationBitsytask
 
Amazon at covid crisis case analysis
Amazon at covid crisis case analysis Amazon at covid crisis case analysis
Amazon at covid crisis case analysis Akhilesh Krishnan
 
Connected Commerce
Connected CommerceConnected Commerce
Connected CommerceBeka Rice
 
Retailer information | The 360 Mall
Retailer information | The 360 MallRetailer information | The 360 Mall
Retailer information | The 360 MallThe 360 Mall
 
Recipe for the Perfect E-commerce Homepage
Recipe for the Perfect E-commerce HomepageRecipe for the Perfect E-commerce Homepage
Recipe for the Perfect E-commerce Homepagepixelbuilders
 
How to Rock The Future of Retail – 2020
How to Rock The Future of Retail – 2020 How to Rock The Future of Retail – 2020
How to Rock The Future of Retail – 2020 Saket Toshniwal
 
Where Did You Go? Why You’re Website’s Not Converting and How to Fix It
Where Did You Go? Why You’re Website’s Not Converting and How to Fix ItWhere Did You Go? Why You’re Website’s Not Converting and How to Fix It
Where Did You Go? Why You’re Website’s Not Converting and How to Fix ItNirvana Canada
 
Surf Your Way To Success in E-Commerce
Surf Your Way To Success in E-Commerce Surf Your Way To Success in E-Commerce
Surf Your Way To Success in E-Commerce Ogilvy
 

Similar to E commerce merchandising by Jaydeep Desai (20)

What Is E Commerce
What Is E CommerceWhat Is E Commerce
What Is E Commerce
 
Ecommproject
EcommprojectEcommproject
Ecommproject
 
Shoppable Social
Shoppable Social Shoppable Social
Shoppable Social
 
MARKETING TECHNIQUES THAT WILL HELP YOU E-COMMERCE JUNGLE Shine IN THE
MARKETING TECHNIQUES THAT WILL HELP YOU E-COMMERCE JUNGLE Shine IN THEMARKETING TECHNIQUES THAT WILL HELP YOU E-COMMERCE JUNGLE Shine IN THE
MARKETING TECHNIQUES THAT WILL HELP YOU E-COMMERCE JUNGLE Shine IN THE
 
Ecommerce
EcommerceEcommerce
Ecommerce
 
17 Tips, Tricks And Growth Hacks To Sky-rocket Your Conversions Using On-site...
17 Tips, Tricks And Growth Hacks To Sky-rocket Your Conversions Using On-site...17 Tips, Tricks And Growth Hacks To Sky-rocket Your Conversions Using On-site...
17 Tips, Tricks And Growth Hacks To Sky-rocket Your Conversions Using On-site...
 
Crafted Media - the state of ecommerce
Crafted Media - the state of ecommerceCrafted Media - the state of ecommerce
Crafted Media - the state of ecommerce
 
Trends 2018 eCommerce for US
Trends 2018 eCommerce for USTrends 2018 eCommerce for US
Trends 2018 eCommerce for US
 
Increasing Conversions with Relevancy, Merchandising & Actionable Insights
Increasing Conversions with Relevancy, Merchandising & Actionable InsightsIncreasing Conversions with Relevancy, Merchandising & Actionable Insights
Increasing Conversions with Relevancy, Merchandising & Actionable Insights
 
Amazon Effect on B2B eCommerce: How to Keep Up
Amazon Effect on B2B eCommerce: How to Keep UpAmazon Effect on B2B eCommerce: How to Keep Up
Amazon Effect on B2B eCommerce: How to Keep Up
 
CEO Module 3
CEO Module 3CEO Module 3
CEO Module 3
 
Moz holy grail of e commerce conversion optimization
Moz holy grail of e commerce conversion optimizationMoz holy grail of e commerce conversion optimization
Moz holy grail of e commerce conversion optimization
 
Amazon at covid crisis case analysis
Amazon at covid crisis case analysis Amazon at covid crisis case analysis
Amazon at covid crisis case analysis
 
New FunnelMates App
New FunnelMates AppNew FunnelMates App
New FunnelMates App
 
Connected Commerce
Connected CommerceConnected Commerce
Connected Commerce
 
Retailer information | The 360 Mall
Retailer information | The 360 MallRetailer information | The 360 Mall
Retailer information | The 360 Mall
 
Recipe for the Perfect E-commerce Homepage
Recipe for the Perfect E-commerce HomepageRecipe for the Perfect E-commerce Homepage
Recipe for the Perfect E-commerce Homepage
 
How to Rock The Future of Retail – 2020
How to Rock The Future of Retail – 2020 How to Rock The Future of Retail – 2020
How to Rock The Future of Retail – 2020
 
Where Did You Go? Why You’re Website’s Not Converting and How to Fix It
Where Did You Go? Why You’re Website’s Not Converting and How to Fix ItWhere Did You Go? Why You’re Website’s Not Converting and How to Fix It
Where Did You Go? Why You’re Website’s Not Converting and How to Fix It
 
Surf Your Way To Success in E-Commerce
Surf Your Way To Success in E-Commerce Surf Your Way To Success in E-Commerce
Surf Your Way To Success in E-Commerce
 

Recently uploaded

Ten Organizational Design Models to align structure and operations to busines...
Ten Organizational Design Models to align structure and operations to busines...Ten Organizational Design Models to align structure and operations to busines...
Ten Organizational Design Models to align structure and operations to busines...Seta Wicaksana
 
Buy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail AccountsBuy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail AccountsBuy Verified Accounts
 
Independent Call Girls Andheri Nightlaila 9967584737
Independent Call Girls Andheri Nightlaila 9967584737Independent Call Girls Andheri Nightlaila 9967584737
Independent Call Girls Andheri Nightlaila 9967584737Riya Pathan
 
8447779800, Low rate Call girls in Rohini Delhi NCR
8447779800, Low rate Call girls in Rohini Delhi NCR8447779800, Low rate Call girls in Rohini Delhi NCR
8447779800, Low rate Call girls in Rohini Delhi NCRashishs7044
 
Innovation Conference 5th March 2024.pdf
Innovation Conference 5th March 2024.pdfInnovation Conference 5th March 2024.pdf
Innovation Conference 5th March 2024.pdfrichard876048
 
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCRashishs7044
 
2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis Usage2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis UsageNeil Kimberley
 
MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?Olivia Kresic
 
India Consumer 2024 Redacted Sample Report
India Consumer 2024 Redacted Sample ReportIndia Consumer 2024 Redacted Sample Report
India Consumer 2024 Redacted Sample ReportMintel Group
 
Memorándum de Entendimiento (MoU) entre Codelco y SQM
Memorándum de Entendimiento (MoU) entre Codelco y SQMMemorándum de Entendimiento (MoU) entre Codelco y SQM
Memorándum de Entendimiento (MoU) entre Codelco y SQMVoces Mineras
 
Marketplace and Quality Assurance Presentation - Vincent Chirchir
Marketplace and Quality Assurance Presentation - Vincent ChirchirMarketplace and Quality Assurance Presentation - Vincent Chirchir
Marketplace and Quality Assurance Presentation - Vincent Chirchirictsugar
 
Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptx
Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptxContemporary Economic Issues Facing the Filipino Entrepreneur (1).pptx
Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptxMarkAnthonyAurellano
 
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
8447779800, Low rate Call girls in Uttam Nagar Delhi NCRashishs7044
 
Kenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith PereraKenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith Pereraictsugar
 
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607dollysharma2066
 
Case study on tata clothing brand zudio in detail
Case study on tata clothing brand zudio in detailCase study on tata clothing brand zudio in detail
Case study on tata clothing brand zudio in detailAriel592675
 
Ms Motilal Padampat Sugar Mills vs. State of Uttar Pradesh & Ors. - A Milesto...
Ms Motilal Padampat Sugar Mills vs. State of Uttar Pradesh & Ors. - A Milesto...Ms Motilal Padampat Sugar Mills vs. State of Uttar Pradesh & Ors. - A Milesto...
Ms Motilal Padampat Sugar Mills vs. State of Uttar Pradesh & Ors. - A Milesto...ShrutiBose4
 
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCRashishs7044
 

Recently uploaded (20)

Ten Organizational Design Models to align structure and operations to busines...
Ten Organizational Design Models to align structure and operations to busines...Ten Organizational Design Models to align structure and operations to busines...
Ten Organizational Design Models to align structure and operations to busines...
 
Buy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail AccountsBuy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail Accounts
 
Independent Call Girls Andheri Nightlaila 9967584737
Independent Call Girls Andheri Nightlaila 9967584737Independent Call Girls Andheri Nightlaila 9967584737
Independent Call Girls Andheri Nightlaila 9967584737
 
No-1 Call Girls In Goa 93193 VIP 73153 Escort service In North Goa Panaji, Ca...
No-1 Call Girls In Goa 93193 VIP 73153 Escort service In North Goa Panaji, Ca...No-1 Call Girls In Goa 93193 VIP 73153 Escort service In North Goa Panaji, Ca...
No-1 Call Girls In Goa 93193 VIP 73153 Escort service In North Goa Panaji, Ca...
 
8447779800, Low rate Call girls in Rohini Delhi NCR
8447779800, Low rate Call girls in Rohini Delhi NCR8447779800, Low rate Call girls in Rohini Delhi NCR
8447779800, Low rate Call girls in Rohini Delhi NCR
 
Innovation Conference 5th March 2024.pdf
Innovation Conference 5th March 2024.pdfInnovation Conference 5th March 2024.pdf
Innovation Conference 5th March 2024.pdf
 
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
 
2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis Usage2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis Usage
 
MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?
 
India Consumer 2024 Redacted Sample Report
India Consumer 2024 Redacted Sample ReportIndia Consumer 2024 Redacted Sample Report
India Consumer 2024 Redacted Sample Report
 
Memorándum de Entendimiento (MoU) entre Codelco y SQM
Memorándum de Entendimiento (MoU) entre Codelco y SQMMemorándum de Entendimiento (MoU) entre Codelco y SQM
Memorándum de Entendimiento (MoU) entre Codelco y SQM
 
Marketplace and Quality Assurance Presentation - Vincent Chirchir
Marketplace and Quality Assurance Presentation - Vincent ChirchirMarketplace and Quality Assurance Presentation - Vincent Chirchir
Marketplace and Quality Assurance Presentation - Vincent Chirchir
 
Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptx
Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptxContemporary Economic Issues Facing the Filipino Entrepreneur (1).pptx
Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptx
 
Japan IT Week 2024 Brochure by 47Billion (English)
Japan IT Week 2024 Brochure by 47Billion (English)Japan IT Week 2024 Brochure by 47Billion (English)
Japan IT Week 2024 Brochure by 47Billion (English)
 
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
 
Kenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith PereraKenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith Perera
 
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
 
Case study on tata clothing brand zudio in detail
Case study on tata clothing brand zudio in detailCase study on tata clothing brand zudio in detail
Case study on tata clothing brand zudio in detail
 
Ms Motilal Padampat Sugar Mills vs. State of Uttar Pradesh & Ors. - A Milesto...
Ms Motilal Padampat Sugar Mills vs. State of Uttar Pradesh & Ors. - A Milesto...Ms Motilal Padampat Sugar Mills vs. State of Uttar Pradesh & Ors. - A Milesto...
Ms Motilal Padampat Sugar Mills vs. State of Uttar Pradesh & Ors. - A Milesto...
 
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
 

E commerce merchandising by Jaydeep Desai

  • 2. WHY E-COMMERCE IMPORTANT In today's competitive business world, having an online presence is more important than ever. This is particularly true if businesses wish to grow, extend their sales, and reach customers they might not have reached before. Ecommerce sites enables businesses of all sizes to reach their target range of customers without being physically present. Since the rise of the Internet in the mid to late 1990s, companies have listed their products and services for sale online. People have caught on, and many enjoy the benefits and ease of being able to browse for products on e-commerce marketplaces from the comfort of their own homes. In effect, ecommerce marketing has become more important than ever for businesses to stay afloat. In fact, businesses can lose customers or revenue by not maintaining an online presence
  • 3. ONLINE SALES GROWTH (YOY) (Past ,Present & Forecast)
  • 4. WHY CONSUMER PREFER SHOPPING ONLINE
  • 5. FACTS ON WHY ONLINE SHOPPING IS GROWING  Throughout the world online buying has grown exponentially. The money spend online is projected to increase by about $10 billion within the next five years.  IBIS World research forecasts an 8.6% per year increase in online revenues over the next five years.  In the U.S., Forrester Research shows that $257.7 billion online sales are expected by 2014. A compounded growth of 10% is forecast for the next five years.  In Western Europe sales are expected to reach 14 billion euros ($155.7 billion), a growth of 11% percent annually.  Apparel, computers and consumer electronics will continue to be dominant purchases; these three areas make up 40% of the current online sales which won't change in the near future.  On average, retailers that have both a physical (store) and online presence have reported an average of 23% growth. Online only retailers (including catalogue sales) however have seen only 9% yearly growth. Online shoppers are beginning to think that the best deals are available online (71%) and that they get better prices there (66%).
  • 6. SIMPLE STRATEGY FOR GETTING THE CUSTOMER TO YOUR PRODUCTS BROWSE SHOP BUY PURCHASE FUNNEL  Promote Online Presence.  Create Customer Confidence.  Enhance Product Visibility.  Keep Registration Short & Optional.  Rationalize Checkout Process. ECOMMERCE BUYING EXPERIENCE
  • 7. Ecommerce is often considered completely separately from offline retail due to the logistics of both channels. However, if you have worked in the offline retail world as I have, you will know that many selling strategies that work offline to increase sales and increase average transaction values can work online  LINE OF SIGHT MERCHANDISING TECHNIQUES  GIFT MARKETING.  CHANGE YOUR ‘YOU MIGHT ALSO LIKE’ PRODUCTS.  DONT FORGET ABOUT ADVERTISING AT ELECTRONIC POINT OF SALE PAGE.
  • 8. LINE OF SIGHT MERCHANDISING TECHNIQUES In many offline retail stores, the layout of the shop floor is governed by the line of sight from the entrance of the store. Line of sight is the natural or common focus points for a consumers eye to be drawn to as they enter a shop. It is within these focal points that stores will place their top selling and highest turnover categories for the season to help increase sales on these items. This line of sight merchandising theory can achieved online using a number of simple options:  Promote top selling categories using banners or carousels on entry pages .  Change your navigation structure to ensure that most popular categories feature prominently on top level navigation automatically by monitoring top selling categories and changing the navigation to reflect this.
  • 9. GIFT MARKETING In offline retail we have known for years that people tend to shop with budgets in mind, particularly when shopping for kids in an effort to ensure that everyone is equal. Think about the gifts sections in apparels which begin to pop up dripping with gifts and stocking fillers. With this in mind, consider introducing not only a Gifting Category, This will ensure that the e-commerce shoppers who are on a mission to get in, get gifts and get out very quickly with fixed mindset of purchase on a particular product on there preferred ecommerce store on targeted category during the festive season.
  • 10. CHANGE YOUR ‘YOU MIGHT ALSO LIKE’ PRODUCTS  Most good ecommerce site platforms provide site owners with the option of including related or recommended products along the side or on the bottom of product pages users are viewing.  This is loosely based on an offline merchandising technique that is often used to increase average transaction values (ATV). In offline retail you will often notice that matching accessories or complementary items are placed.  This technique increases in importance. To maximise on opportunities here, ensure that you review your “you might also like” options across your site. For example if you sell a Laptop ensure that some of your recommended products on that page are Laptop Accessories or Hard Drives. Or if you don’t have a match to complete the look, think about pushing your stocking filler type gifts for your Ecommerce shoppers.
  • 11. “CUSTOMER WHO BOUGHT THIS ITEM ALSO BOUGHT’’
  • 12. DONT FORGET ABOUT ADVERTISING AT ELECTRONIC POINT OF SALE PAGE Ideal way to promote sales at the check out If your website provides a quick view/ quick add to cart option, placing the list of product which may also interest you can be listed on the check out page similar to the products or a product which can also be needful with that products may interest the customer to buy and additional set of products from the ecommerce stores and this options at checkout review could help you increase your ATV (Average Trading Value) Tescos are achieving the ‘last minute purchase’ at checkout both offline and online ( Example in the next slide)
  • 14. FUTURE OF ONLINE SHOPPING  IN-STORE PICKUP.  PICKUP DEPOTS.  MOBILE APPS.  LESS FLASH MORE FUNCTIONS.  VIDEOS.  SOCIAL NETWORKING.  DAILY DEALS & FLASH SALES.  DEAL AGGREGATORS.  RETAIL BASED SOCIAL NETWORKS..
  • 15. E-COMMERCE WEBSITE BEST PRACTICES  KEEP IT SIMPLE.  HAVE QUALITY PICTURES OF YOUR PRODUCTS.  USE MORE THAN ONE IMAGE FOR EACH PRODUCT.  GIVE DETAILS ABOUT THE PRODUCT.  MAKE YOUR ADD TO CART PAGE LOOK GOOD.  HAVE A NEWSLETTER.  MAKE YOUR URLS SEARCH-ENGINE FRIENDLY.  INCLUDE POPULAR SEARCHES URLS IN YOUR GOOGLE SITEMAP.  HAVE A WIDE RANGE OF PAYMENT OPTIONS.  LET THE USERS COMPARE PRODUCTS.  HAVE A SIMPLE SHIPPING FORM.  OFFER SHIPMENT TRACKING.  GIVE THE USER SOME RECOMMENDATIONS.