Maximize sales with a winning holiday eCommerce strategy
10 Sep
,
2024
The holiday season is the most important time of the year for eCommerce businesses. Consumers are willing to spend more and shop for gifts, making it the perfect opportunity to increase online sales, boost customer engagement, and build brand loyalty.
Still, a tactful holiday marketing strategy is key to stand out from the crowd. This article will help you plan an effective holiday eCommerce strategy, including tips and campaign ideas to engage customers, optimize your website, and increase online sales.
Planning your holiday eCommerce strategy
First things first, you need a good plan. Start by analyzing previous performances to gather what worked and what didn’t. This will help you polish your holiday marketing strategy, set achievable goals, and direct your resources effectively. Important data to analyze include:
- Sales statistics: pick out which products/services performed best and during which period of the year
- Customer purchasing behavior: be conscious of your customer's purchasing patterns, highlighting important information like the most popular times for shopping and favorite payment methods
- Marketing successfulness: assess the efficacy of past campaigns, including email marketing, social media advertising, and promotional offers
By assessing these items, you can better tailor your holiday eCommerce strategy to meet customer expectations and maximize cashflow.
Enhancing your website to increase online sales
Before going over which holiday marketing strategy fits the best for your company, some groundwork needs to be covered. Online traffic experiences a significant increase during the season, which means your website needs to be fully optimized to handle the intense flow and provide a great user experience.
There are three main points you need to be aware of:
1. Website optimization
Holiday shopping often means shopping in a hurry, so it’s a given that a slow-loading website will probably lead to lost sales. In order to enhance your website and increase online sales, here are some easy strategies to follow:
- Compressed images: use image compression tools to reduce file sizes without compromising quality. This will lead to faster loading times and a better user experience
- Enable browser caching: by storing static files on users' browsers through caching, you’ll reduce load times for returning visitors
- Use a Content Delivery Network (CDN): a CDN is able to distribute the content on your website across multiple servers worldwide. This ensures faster load times for users no matter where they are
- Minimize HTTP requests: cut back the number of elements on your page to reduce loading time
You can regularly monitor your website’s performance by using tools such as Google PageSpeed Insights to identify and fix any issues.
2. Mobile optimization
With a significant portion of holiday shopping occurring on mobile devices, optimizing your website for mobile users is essential. Key steps include:
- Adaptive design: ensure your website is fully responsive so it can adapt to different mobile screen sizes and formats
- Simplified navigation: mobile users should be able to easily navigate your website with minimal effort. Use clear, easy-to-tap buttons and links for fewer clicks
- Fast-loading pages: mobile users expect quick load times, so prioritize speed optimization for your mobile site
- Mobile-friendly content: the use of larger fonts, concise text, and easily tappable buttons are effective ways to ensure that the content is readable and accessible on mobile screens.
A mobile-friendly website enhances the user experience and increases the likelihood of converting visitors into customers.
3. Boosting product visibility
As you know, customers are often searching for specific products or gift ideas for special occasions. A great holiday eCommerce strategy is to enhance product visibility on your website.
You’ll make it easier for them to find what they’re looking for, which could increase online sales.
Here are a few ways to do it:
- Holiday gift guides: by curating products under categories such as “Gifts under $50” or “Top Holiday picks”, customers will have an easier time finding suitable options
- Dedicated holiday pages and keywords: build landing pages focused on holiday products and incorporate seasonal keywords such as “Christmas deals” or “holiday discounts”
- On-site search functionality: optimize your website’s search engine to show applicable results quickly. You can implement search filters allowing customers to narrow down results, optimizing the search
- Product bundles: offer product bundles by combining popular items (often at a slight discount). This will increase the perceived value and encourage the customer to finalize the purchase
By implementing these, you can significantly enhance product visibility on your website, making it easier for customers to find what they need and increase holiday sales.
How can I increase sales this holiday season? Marketing tips and campaign ideas
Now that you’ve set the base for your holiday eCommerce strategy, it’s time to brainstorm ideas on how to fuel sales and capitalize:
Special discounts and limited-time offers
Special discounts and limited-time offers often create a sense of urgency, encouraging the customers to seal the deal before it expires. You can go about this in a few different ways:
- Percentage-based discounts: offer a discount on products or specific categories. For example, 20% off on on all holiday-themed items
- Buy One, Get One (BOGO): customers are often encouraged to purchase more if they are offered a free or discounted item with the purchase
- Flash sales: flash sales commonly generate excitement and attract impulsive buyers
Consider adding a countdown timer on your website to stress the limited-time nature of the deals. This will expand the deal’s sense of urgency and increase online sales.
Festive email marketing
To this day, email marketing remains one of the most effective tools for engaging customers during the holidays. A well-thought-out holiday eCommerce strategy can boost brand awareness and drive traffic to your website.
Here are some holiday marketing tips for creating effective email campaigns:
- Personalization: personalized emails have higher open and click-through rates
- Holiday theme: capture the festive spirit by incorporating holiday-themed designs, colors, and communication. This could include holiday-themed imagery, such as snowflakes and Christmas trees
- Abandoned cart reminders: send emails to remind customers of the items they added to their cart but haven’t completed the purchase. You can offer a special discount or free shipping to encourage them to close the deal
Additionally, consider preparing a pre-holiday campaign that leads up to key shopping days like Black Friday or Christmas. This builds up anticipation and keeps your brand name fresh on customer’s heads.
Social media campaigns
Creative social media campaigns are an effective holiday eCommerce strategy that can help you access a much broader audience. It’s proven to drive traffic to your website and increase online sales. Here are some ideas:
- Seasonal contests: by encouraging followers to participate in contests, you’ll not only increase customer engagement but also help build brand awareness.
- User-generated content (UGC): Ask customers to share photos of their holiday purchases. Feature the best posts on your socials to create a sense of trust.
- Customer Reviews and Ratings: Just like UGC, recent reviews or ratings for holiday-related products can help customers finalize their purchase. You can label top-rated items as “Customer favorites” or “Best sellers” to increase views.
- Influencer partnerships: Influencers reach out to a wide audience, and collaborating with the ones who align with your brand will lend credibility to your promotions.
Ensure your social media posts are aligned with your overall holiday theme, and use relevant hashtags to increase visibility.
Seamless checkout process
Statista has recently revealed the main reasons why customers often abandon their carts, one of them being if the checkout process is too complicated or time-consuming. Here’s how to optimize the process and help convert shoppers into buyers:
- Simple checkout process: minimize the number of steps required to complete a purchase. For example, allowing customers to check out as guests without requesting account creation is a practical way of facilitating the sell
- Multiple payment options: by offering a variety of payment methods (such credit cards, PayPal, and digital wallets), you can increase online sales
- Mobile optimization: the number of customers who shop on their smartphones increases significantly during the holidays. Make sure to make the check out process user-friendly on mobile too
- Clear shipping information: be transparent with customers in regards to shipping costs, delivery times, and any crucial information before they proceed to checkout. You can also offer free or discounted shipping during the holiday season to encourage purchases
A seamless checkout increases user experience and boosts up the chances of concluding a sale.
Use retargeting ads to increase online sales
As you know, customers often show interest in products but don’t conclude the purchase. Retargeting ads are a great holiday eCommerce strategy to remind them of products they’ve viewed and encourage them to return and finalize the purchase.
Here’s how to use retargeting effectively:
- Dynamic ads: show tailored ads featuring the specific products that users viewed or added to their cart, reminding them to complete their purchase
- Abandoned cart reminders: incentives like discounts or free shipping are effective to encourage customers to return and complete the transaction
- Personalized messaging: tailor your ad copy to address customers specific actions on your website. You could offer a discount code to the ones who abandoned their cart, for example
- Frequency capping: overwhelming customers with retargeting ads could lead to a bad user experience. Limit the frequency they are used so they don’t become annoyed
Seamless customer experience
As you’ve probably noticed, customer experience is a key holiday eCommerce strategy to drive and increase online sales. Here’s how to ensure a seamless and easy customer experience:
Customer support
Customers may have more questions or concerns during the holidays, such as inquiries about shipping, product availability, or returning policies. Here’s what you can do to solve that:
- Live chat: real-time assistance to customers as they shop is a great help. Live chat can help resolve their issues quickly and encourage them to finalize the deal
- Clear communication: your website must clearly communicate your customer support hours, response times, and contact information to the viewer
- Automated responses: chatbots or automated email responses are great to acknowledge customer inquiries and provide immediate answers to frequently asked questions (FAQs)
According to Deloitte, good customer support is a major touchpoint in the client’s shopping process, being able to enhance the experience by being helpful, responsive and building customer loyalty.
Customer friendly policies
Holiday season is known for being a time where customers often need to return or exchange gifts. Here’s how to implement a customer-friendly policy:
- Hassle-free returns: simplify the returning process with easy and transparent guidelines, free return shipping, and a good return window
- Price matching: by implementing a price match system where you match lower prices found elsewhere, you’ll build trust, encourage purchases and increase online sales
- Loyalty programs: a reward program is a great holiday eCommerce strategy to returning customers, encouraging repeat business
- Satisfaction guaranteed: offer a satisfaction guarantee where customers can get a full refund or exchange if they're not happy with their purchase.
- Transparent pricing: customers don’t like surprises, so ensure that all relevant information (such as costs, taxes, shipping, etc.) is clearly displayed during the checkout process.
The holiday season is fast approaching, and having your stock ready is critical to meeting customer demand. With Stenn as your trusted partner, you can secure the funding and resources you need to keep your inventory flowing smoothly.
Choose Stenn for a seamless, stress-free solution to stock your shelves and capitalize on the busiest shopping season of the year. Contact us now and stay ahead of the game!
About Stenn
Since 2016, Stenn has powered over $20 billion in financed assets, supported by trusted partners, including Citi Bank, HSBC, and Natixis. Our team of experts specializes in generating agile, tailored financing solutions that help you do business on your terms.