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3 Tips for E-Commerce Business Owners to Find Success Today

By Jared Wade on October 13th, 2020

The whole world has gone digital. These are just the times we live in, and this can leave e-commerce business owners feeling like a dime a dozen out there.

So how do you stand out from the pack when the pack is this big — and growing all the time?

Ultimately, you need to have a strong strategy, good products or services, and the drive to make it all happen. Most experienced business owners already know all this though. What you really need is a bit more focus and an action plan for success.

There are certainly many components to any good strategy, but the following three tips are sure to help any e-commerce business find at least a little more success today.

1. Social Strategy

Just like how radio, newspaper and television ads were the best promotional tools of the past century, today’s world belongs to Google, Facebook, Instagram and YouTube. If you aren’t showing your face on these platforms, you might as well not exist to a large segment of the consumer base.

It’s not enough to just make an appearance though. You should be working at a real strategy that connects you to potential customers and drives engagement. One good tip is to be selective. It is better to do well on one or two specific channels that best fit your brand than having a watered-down, weak presence everywhere.

2. Narrow Your Focus

Most businesses are constantly looking to expand. It’s a good strategy — you can’t grow and make more profit without more sales. Still, at the same time, it can be easy to start to sprawl. You start out with one area of expertise then over the years keep adding more and more.

While this can seem like a good move at first if more revenue comes in, it can also lead to you taking your eye off the ball. Are you losing focus on your core business as you chase a few extra bucks in another avenue?

There is nothing wrong with spreading out a little; the key, however, is to make sure you are doing it for the right reason. As CNBC reports, don’t let yourself be drawn away from the main thing that has been working unless it makes actual sense. You don’t want to end up as a jack of all trades, master of none.

3. Stay Secure

Almost every company today is a tech company. At least in terms of what they use on a day-to-day basis. There’s just no way around it, and this means that you’re likely dealing with sensitive customer communications, data and records.

It is not just your responsibility, but in many cases, your legal duty to keep this all secure. Most people are relatively aware of this now, and take steps at the office to maintain strong cybersecurity.

Chances are, however, that you blend your work and downtime, so this makes it very important to also know how to secure your tech at home. One must-do item for your list is protecting your home network system. This way, your personal information will be safeguarded and so will any business data that you end up taking home.

Finding E-Commerce Success

In times like this, most people are thinking more about surviving than thriving. If you play your cards right, however, you can still keep your eye on success and long-term growth. Some of the best strategies to employ right now are staying more social, narrowing your focus to your core business and safeguarding your technology and other key areas of the business.