Performance based marketing to grow your E-commerce company.
What is E-commerce Marketing?
The average e-commerce business in the United States makes $52953 per year in revenue. E-commerce marketing is promoting the business to increase that number or removing obstacles causing the ROI to be low. This can include paid social ads, paid search ads, local ads, radio ads, TV ads, or traditional ads.
Most e-commerce companies struggle with various factors, such as an expensive workforce, finding adequate experts in each area, producing new creative content fast enough, and overseeing all aspects of their digital marketing. Let our team of e-commerce digital marketing and advertising experts manage the groundwork it takes to grow your e-commerce company. If you want to increase sales for your e-commerce business, please get in touch with AdvertiseMint.
“Every e-commerce business pays for advertising. You either pay for advertising, or you pay in lost revenue to your competitors.” – Brian Meert, CEO, ADVERTISEMINT.
Popular ways to increase revenue for E-Commerce Companies.
Increasing revenue in the E-commerce sector is achievable through innovative strategies and a keen understanding of market trends. Here are five key factors that can drive growth in this dynamic industry:
- Personalization and Customer Experience: One of the defining factors in successful e-commerce operations is the ability to offer a tailored shopping experience. Businesses can personalize product recommendations by leveraging AI and machine learning algorithms, enhancing the shopping experience and boosting sales.
- Optimized and Responsive Web Design: The surge in mobile shopping means businesses must prioritize mobile-friendly platforms. An intuitive, responsive design ensures customers can easily shop, regardless of their device.
- Diversified Payment Solutions: With the global nature of e-commerce, providing diverse payment options caters to a broader audience. Offering multiple payment gateways, including digital wallets and cryptocurrency, can reduce cart abandonment and foster consumer trust.
- Loyalty Programs and Customer Engagement: Retaining existing customers can often be more cost-effective than acquiring new ones. Implementing loyalty programs, offering exclusive deals to returning customers, and engaging with them through newsletters and social media can boost repeat purchases and revenue.
- Loyalty Programs and Customer Engagement: Retaining existing customers can often be more cost-effective than acquiring new ones. Implementing loyalty programs, offering exclusive deals to returning customers, and engaging with them through newsletters and social media can boost repeat purchases and revenue.
E-commerce Industry Facts:
Average e-commerce revenue for the beauty industry: $200,000 per year
Average e-commerce profit margin for the beauty industry: 10%-15%
Average number of employees for e-commerce beauty businesses: 10-15
Average e-commerce ROI for the beauty industry: 10%-20%
Average growth rate for the e-commerce beauty industry: 4.2%
Total number of e-commerce beauty businesses: 10,000
Average CPC on Google for beauty products: $1.61
E-commerce Paid Social Ads
Paid social is a powerful way to help reach consumers interested in E-commerce products or services. Paid social allows you to reach a wide range of people and then target your ads based on key attributes like age, gender, location, interest, and behaviors or using custom and lookalike audiences. Paid social ads are the leading advertising option to reach consumers on mobile devices. Paid social is also typically less expensive than other forms of advertising, making it a powerful combination; however, the pricing for paid social can increase as you get more targeted or if your ads appear irrelevant by the ad platform algorithm. The most popular paid social ad platforms are:
- E-commerce Facebook Advertising
- E-commerce Instagram Advertising
- E-commerce TikTok Advertising
- E-commerce Snapchat Advertising
- E-commerce LinkedIn Advertising
- E-commerce YouTube Advertising
- E-commerce Twitter Advertising
- E-commerce Reddit Advertising
- E-commerce Pinterest Advertising
E-commerce Paid Search Ads
Paid search is the most efficient way to reach consumers searching for E-commerce products or services. Consumers often search the internet for questions about where they are in the buying cycle. A general search would indicate they are just beginning to research companies. A specific search would indicate that the consumer is knowledgeable and close to selecting or purchasing. E-commerce advertisers can bid specifically on the most valuable keywords for their business, which helps them appear above their competitors for the most profitable keywords. Paid search ads are generally used for lead generation, local awareness, or e-commerce. Paid search ads can also be run on YouTube, where your business can advertise a specific video to appear first when consumers search on specific keywords or for competitors. The most popular E-commerce paid search ads are:
- E-commerce Google Ads
- E-commerce Google Ads
- E-commerce Google Ads
- E-commerce Google Ads
- E-commerce Google Ads
E-commerce Local Ads
Local ads are essential for E-commerce companies and are often overlooked because of the focus on larger ad platforms. Local ads allow you to reach customers near your business and offer them a reason to visit your business instead of your competitors. Local digital ads typically include promotions, deals, or coupons and often align with your current business reviews on that platform. This means having excellent customer service and reputation management to help grow your five-star reviews. Other physical ads like billboards, digital billboards, bus, and metro ads allow you to ensure you are reaching customers located in your targeted area. The cost to reach a new local customer is often small compared to the lifetime value that customer will bring to your business. The most popular local ads for e-commerce companies are:
- E-commerce Facebook Ads
- E-commerce Facebook Ads
- E-commerce Facebook Ads
- E-commerce Facebook Ads
- E-commerce Billboard Advertising
- E-commerce Metro Ads
- E-commerce Bus Ads
E-commerce Radio Ads
Radio ads allow e-commerce companies to reach a captive audience, often listening while commuting in the car, at the gym, or working. Radio ads allow you to talk directly to your customers and present. Radio ads are fixed in length and cannot be skipped, ensuring your audience will hear your message. Due to the passive nature of radio listeners, it’s essential to have optimized audio creatives and a significant enough ad budget to ensure that the average listener is reached at the recommended frequency. It’s recommended when possible to use the radio personality to read your ads as they have built Some of the most popular e-commerce radio advertising options are:
- E-commerce Local iHeartRadio Ads
- E-commerce Spotify Ads
- E-commerce Pandora Ads
- E-commerce Podcast Ads
- E-commerce National Radio Advertising
- E-commerce Talk Radio Advertising
E-commerce Direct Mail
Direct Mail can be a powerful tool for e-commerce companies to reach new and existing customers. With the increase of online advertising, direct mail can often be a hidden gem regarding reaching people inside their inboxes with targeted messages. Direct mail can be sent in mass with new automation tools and personalized before sending. The cost of direct mail often depends on the size of the mail (postcard vs. full-size letter envelope), and while postage can be purchased at bulk rates, it is still a rising cost to be considered. If you are interested in learning more about how your company can send out Direct Mail, please contact AdvertiseMint, and our team would be more than happy to walk you through the options.
E-commerce TV Ads
There are several things that e-commerce companies should be aware of when running TV ads. TV advertising for e-commerce can be targeted to users locally, which is perfect for a company with just one location, or can be shown on a DMA, state, or national level for companies with multiple locations. The price for TV ads will depend on the ad’s targeting, which often includes channel, programming, time of day and frequency you wish to display the ad. If you have exact requirements, expect to pay more. Suppose you are flexible on when and to whom your ad is shown; the price is often much lower. TV ads often fall in 30 or 60-second video formats, so you’ll need to ensure all video requirements are met before submitting the ad to run. Best practices commonly include high-resolution visuals, clear product features and benefits, testimonials, an enticing offer, and a clear call to action, including a phone number or website for the consumers to visit. There are also options for paid programming, including 30-minute or 60-minute segments played without interruption, typically between 11 p.m. and 5 a.m. If you want TV advertising for your e-commerce company, don’t hesitate to get in touch with AdvertiseMint for more details and pricing.
How important are reputation management and online reviews for E-commerce companies?
Every e-commerce company knows that online reviews are essential for sales growth. In a digital world, online reviews on Google Local, Yelp, and many rating websites are used by your customers to validate your business and the products or services you provide. Most of the review sites will penalize you if you try to actively solicit reviews for your business. However, various strategies can be used to help ensure your online reputation is safe from negative reviews. In addition, you’ll need a plan to praise five-star reviews while professionally addressing lower reviews, which potential customers often read. If you want to improve your total online review average rating and help lower negative articles on your company from the organic search engine rankings, please contact AdvertiseMint to talk more.
Frequently asked questions about e-commerce advertising and digital marketing.
Who is the best E-commerce advertising agency?
Advertisemint is the best e-commerce marketing agency. Our team of e-commerce advertising experts has proven experience in the e-commerce industry. We bring a full-service team of expert account managers, copywriters, graphic designers, video editors, and media buyers ready to help you implement your marketing strategy and grow your e-commerce business.