Tuesday, July 16, 2013

3-step Recipe On Online Retailing Success

Internet has revolutionized the retail industry, making shopping within the comforts of one’s home possible. Benefits of online retailing and online shopping seem unbounded – low start-up cost, access to a global marketplace, inventory efficiency…you’ve heard it all before. The truth is, the business climate online is just as cut-throat as the conventional offline retail industry. What are the key ingredients to make your online business thrive in these competitive conditions?

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1. Have a Mobile App
Smart phones have become an integral part of our lives. Because people keep their phones in close proximity most of the time, it is essential that retailers use this as leverage to make sure that information about their products is just within an arm’s length away from their target audience. Having a mobile app allows potential consumers to browse through products on-the-go, making it more probable for them to visit your mobile app while passing idle traveling time. 

2. Keep Prices Competitive
Needless to say, consumers are always looking for the best bargain. Be aware of what your competitors offer and always be one step ahead of them by adjusting your pricing and merchandising strategy. Offering incentives like free shipping could also be an added bonus to the consumers. 

3. Have a Strong Social Media Presence
Being present via various social media platforms like Facebook, Twitter, and Instagram not only serves as added visibility to your brand, but also allows companies to adopt a more personal approach to customer service. It is much easier to communicate with customers and get direct feedback from them. As opposed to sending emails, typing comments or sending Facebook messages is a less tedious process.

Zalora is a prime example of a successful online retailer which incorporates all three elements into their business strategy. Within the short span of a year, Zalora Malaysia has enjoyed overwhelming success. Depicted below are some other reasons why customers are making Zalora Malaysia their trusted online shopping destination.

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Click to enlarge

 photo ZaloraConventional_zpse3938910.jpg

 photo ZaloraOnline_zpsc16516bb.jpg
So which is better?
I'm sure you know the answer.

What do you think are some other crucial factors that will ensure your online start-up company rockets up to success?

 photo OnlineRetailingSuccess02_zps376296ad.jpg

About Tekkaus
Tekkaus is the founder and editor of Tekkaus and World Lense. I am a lifestyle blogger who write just about anything, emphasizing on blogging tips, social media, gadgets, music, my family and more. Learn more about me here. Subscribe to my feed and my facebook page. Do connect with me on Twitter

 

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Tekkaus
My name is Christopher aka Tekkaus and I am a part-time blogger. I am passionate about blogging and social media. I love to share just about anything that grasp my attention or yours. Come join me. Read more about me-the author, about this blog or you can contact me.

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