How Shopify can quickly build your commerce business
Data for growth
If Shopify aims to provide one benefit, it’s growth. When looking for an e-commerce solution, look at how the platform collects data and provides insights. Not everyone is an expert data analyst, so having a platform like Shopify that clearly lays out data on sales, shipping and customers can give a 360° understanding of the business, allowing much more optimisation around what is working and what isn’t. In the initial stages of setting up an e-commerce site, the 1% improvement that these data insights can provide quickly add up, driving growth. Depending on the version of Shopify that users sign up to, reporting can be gathered on acquisition, inventory, shopper behaviour, marketing, sales, customers and custom reporting.
Latest developments
Shopify is innovating and improving all the time, looking to provide an even more comprehensive service for businesses setting up their e-commerce store. The Shopify Fulfillment Network, currently a US-only service, sees Shopify looking to solve the logistical challenge that smaller retailers face when selling online. To support brands during the Covid-19 outbreak, Shopify introduced the Local Delivery service to facilitate easier delivery when various countries are on lockdown.
Building your e-commerce platform
When approaching a project like building an e-commerce platform, it is important to have an eye on three areas of strategy.
- Onsite strategy: how can the brand optimise the site around the consumer’s needs?
- Marketing strategy: how can the brand continue to attract customers, expanding the market and encouraging repeat purchases?
- Digital strategy: how can the brand expand its digital capabilities in the short, medium and long term?
Working with an agency partner can support your business in answering these strategic questions. Onsite strategy makes a world of difference, making sure the site is user experience optimised, ensuring that the shopping experience is easy, frictionless and makes it easy for the customer to find what they need. Marketing strategy is the key to future growth, building market penetration and raising awareness of the new brand on the scene. Putting together a digital strategy, often in the form of a digital roadmap, supports your business in staying up-to-date with the latest advancements in B2C retail. Having that level of digital understanding gives the brand more opportunities and readiness when a new sales channel opens, as we are seeing with Instagram’s Shop feature.
Above all, Shopify offers potential. The excitement of taking the next step, whether you’re a startup launching a new store in an untapped market, or a brick and mortar staple moving online for the first time, Shopify gives that opportunity to get started.