7 Ways to Win At eCommerce This Holiday Season
October 18, 2019
The holiday season may seem far away when you’re focused on the day-to-day work that comes with being in a small business, but now’s actually the perfect time to plan an amazing holiday shopping experience for your customers. From social media selling strategies to easy financing options, tap into our seven online selling tips to help increase your holiday sales.
1. Make sure new shopping holidays are on your radar
Take advantage of consumers’ readiness to save—and spend—by planning your marketing strategy around the biggest commerce days of the year. Use promotions that appeal to consumers shopping for unique gifts or those who may be more inclined to shop online than face crowds at a big-box retailer. The month-long calendar of events now includes more shopping holidays than ever before:
Black Friday – day after Thanksgiving
Small Business Saturday – first Saturday after Thanksgiving
Cyber Monday – first Monday after Thanksgiving
Cyber Week – week following Thanksgiving
Giving Tuesday – day after Cyber Monday
Green Monday – second Monday in December
Free Shipping Day – December 14
2. Promote easy customer financing
When shoppers are stretching their budgets during the holiday season, financing options are appealing. In fact, 69 percent of consumers are more likely to use online purchase financing during the holiday season1. With PayPal Credit2 for example, customers can buy what they want now and pay over time—all while you get paid upfront, with no risk.
What’s more, when customers have an online financing option that won’t add extra stress this time of year, they may be more inclined to choose you over another online retailer. Adding PayPal Credit as an option at checkout has been shown to drive 15 percent in incremental sales on average3.
Learn more about how PayPal Credit can help increase sales for your business. Click here to download our fashion infographic.
PayPal Credit is available within the PayPal Checkout with Smart Payment Buttons stack. Visit the Magento Marketplace and search “PayPal Checkout with Smart Payment Buttons” to download and integrate.
3. Use personalized marketing
Personalization lets you take a great in-person shopping experience—you know, one where the sales associate remembers your name and helps you find exactly what you’re looking for—and recreate it online.
Those online experiences are driven by data, so make sure your platform’s equipped to collect it. Start with something as simple as gathering your customer’s name and email address. Encourage website visitors to share that info with you by offering an introductory offer—a free shipping code or 10 percent off their first order, for example.
Once data is captured, it can be used to personalize all elements of the online shopping experience, from welcoming a customer to your website, to reminding her about an abandoned cart, to sending a thank you email and inquiring about her satisfaction with a product.
4. Sell directly on social media platforms
Social media accounts for more than 30% of the time that consumers spend online.4 Facebook Shops, Shopping on Instagram, and Buyable Pins let you list and sell products directly in user feeds, allowing consumers to make a purchase without having to visit your website. Plus, customers often share the products they browsed or bought—a marketing win for any brand selling online.
Instead of listing your products on every social platform and hoping for the best, get strategic. Determine where your most engaged audience is and focus your attention thereby creating a shopping experience that pairs perfectly with the platform. For example, if you’ve got gorgeous product photography and a growing Instagram audience, start with Instagram. If customer service is a big part of your business, consider a Facebook Shop, where you can integrate Messenger for top-notch customer support.
5. Create mobile-optimized shopping experiences
The opportunity in mobile commerce is growing, and you want to take advantage of it. The typical American household is home to five connected devices5, and consumers are becoming more comfortable with shopping on these devices—including tablets and smartphones. Sales from purchases made on tablets and smartphones totaled $31.8 billion in the fourth quarter of 2017, a 40 percent increase from Q4 2016 when sales from mobile devices totaled $22.7 billion.6
With mobile taking on an increasingly larger piece of the e-commerce pie, you may even want to optimize for mobile before desktop. And checkout is one area you want to pay close attention to. Make sure you’re making the checkout process as convenient as possible for shoppers, like letting shoppers bypass re-entering their payment and shipping information every time they shop. Dynamic buttons, like PayPal Checkout with Smart Payment Buttons, can also help you streamline the checkout process by letting shoppers make a purchase directly from a product page.
6. Offer fast, free shipping
These are three words that can make or break a shopper’s decision to go through with a purchase online. Just look at the numbers: 47 percent of consumers will back out of a purchase if free shipping isn’t offered, while 51 percent will add additional items to an order to meet a free shipping minimum.7 It’s no surprise that merchants are meeting these demands by shipping more online purchases for free.
7. Don’t ignore virtual assistants and voice search
A simple step toward reaching tech-savvy consumers more effectively is integrating voice searches into your overall SEO strategy. Start by thinking about how consumers use different language when performing a voice search compared to a text search. Shift from keywords to answering question; think “What are the best Black Friday sales on smart TVs?” instead of “best Black Friday sales on smart TVs.”
In short, predict what questions shoppers will be asking and use them to craft your content and metadata, the information you enter on the back end of your website to help search engines (and consumers) find your pages quickly and easily.
The best part about tapping into these seven e-commerce trends: The marketing tactics and technology upgrades you employ ahead of the 2019 holiday shopping season will also help you hit the ground running in 2020. Think of the investment you’re making now as a holiday gift to the business you’re growing.
This article was reprinted with permission from PayPal.
1 Study commissioned by PayPal and conducted by comScore Research. comScore survey administered in Q32017 to over 2,100 U.S. adults who have made online purchases in the past year. Specific questions may have been answered by a subset of the participants.
2 PayPal Credit is subject to consumer credit approval.
3 Average incremental sales based on PayPal's analysis of internal data among middle market merchants with sales above $5MM against a similar control population between January 2013 and March 2018.
4 Source: GlobalWebIndex. Social Media Captures Over 30% of Online Time, September 2017.
5 Source: A third of Americans live in a household with three or more smartphones. Pew Research Center, Washington, D.C. (May 25, 2017).
6 Source: comScore. State of the U.S. Online Retail Economy, Q1 2018.
7 Source: National Retail Federation. Rising demand for fast and free shipping.