For the last week I’ve spent my time on helping produce a viable e-commerce business model using latest enterprise class commerce platforms, a well informed seo and media strategy and a decent runway to break even. This is not the first time may I add, but it does take into account some new challenges.
The saas world, e-commerce 2, global markets and the improved use of pay per click have made it even more a numbers game to make the business model work. Obviously your product needs to be good, but if it is and you have the right partners in place and the right technology it is simply a case of playing the numbers to get a return on investment? Sounds easy? Not quiet that easy. Its a fine art, where you need to apply your skills and know how to finally tune your system to get the most out of it. Its only through experience and through having the right partners can you guarantee the numbers game will work.
To get it right depends on your conversion path and this starts by having a coordinated approach between brand, traditional advertising, pay per click, social channels and traditional product channels. All need to be identified and a strategy developed to create a buying conveyor belt to your e-commerce cart. It doesn’t start with just your site its starts a lot earlier.
Choosing the right platform and partner to route this conveyor belt through the buying process will lead to successful conversion.
The platform needs to be able to take the feeds of potential customers from all these conveyor belts. It then needs to show case the product well, display options and link to other products to engage the user and stimulate their buying emotions. This is where saas platforms that have one model to fit all fail to deliver. They fail to capture the channels and trigger the buying responses. A wholly owned platform tailored to your product, brand and customer will win hands down when it comes to maximising conversion. It requires multi channelled approach to commerce and there are only a few platforms out there that do this well.
So if you are looking to play the numbers conversion game you need to be in full control of the whole engine from advertising spend, ppc, seo to platform and design. You need to control it all in order to fine tune the animal. This I believe is critical to achieving your business plan. However think SasS when you implement. Build the As A Service element for your global markets but own the technology yourself.