Be careful Offer product sets . Create small “sets” of products that complement each other and recommend ordering everything at once with a small additional discount. Due to a small drop in profit compared to ordering each product separately, you will receive an increase in revenue due to a larger check.
Strive to improve service
If you trade on marketplaces, do not forget to promptly answer users’ questions and thank them for their feedback. In case of problems, do not leave buyers alone with them: even an initially negative chinese overseas europe database situation can bring a loyal client if it is resolved competently and quickly. Read about how to work with reviews on marketplaces in the PromoPult blog.
Be careful By better preserving your goods in transit, you will reduce the number of returns due to breakages and damage, although you will have to spend money on packaging. And if it is also attractive to the buyer (for example, with a postcard inside), this will further increase loyalty.
Try to reduce costs without compromising the quality of the goods . Look for suppliers of products or materials with lower prices, optimize packaging consumption, think over the most 7 productivity tips for small business owners profitable logistics, etc. We have an article on how and where to look for suppliers for online stores and marketplaces .
Look for the optimal price
It should be comfortable enough for customers to make purchases, but not too low for your revenue to grow. At the same time, you need to look at competitors – their discounts can lure away some customers.
Calculate the cost price of goods and unit economics . Timely and maldivian lads attentive attention to the financial indicators of the business will help increase profits and sales. You can find ways to reduce costs or find a “reserve” in the price of a profitable promotion to attract customers. How to calculate and reduce the cost price, read in this article , and how to calculate unit economics for Wildberries – in this.