Strategic Mind

E-Commerce websites carry many risks, and businesses frequently undervalue the cost of a disaster. Learn how to mitigate and minimize the price of failure.

Click follow to learn about e-commerce strategies and technologies.

E-Commerce Risk Mitigation Strategy Prevent disasters from happening in the first place. If the unexpected still happens, get over it in a flash.

Fast page load times significantly improve the user experience and reduce operational costs. Learn how to make your website lightning-fast.

https://strategicmind.com/system-performance

The complexity of technology, rapid changes in system design, and each website being a custom build enormously raise business risks associated with website management. While it makes sense to prototype solutions without a risk management plan, it can result in many hidden costs, lost opportunities, and business disruptions.

https://strategicmind.com/risk-mitigation

Compliance with PCI-DSS (Payment Card Industry - Data Security Standard) is a requirement for e-commerce merchants and all service providers, including those supplying themes, plugins, data centers, backups, and DNS. It is a set of standards and policies to protect the integrity of the credit card industry. Failure to comply leaves the website vulnerable to attack and the merchant liable for actions taken by the bank, including fines and the loss of banking services.

https://strategicmind.com/pci-compliance

Do you actively seek to improve your marketing infrastructure? Do you apply marketing requirements when selecting technology? Have you researched best practices?

Some of the many benefits of streamlining marketing infrastructure are:
📈 It takes less time to make an actionable decision because the analyzed data is more accurate and precise.
📈 The cost of optimizing the user experience comes down because the infrastructure is flexible.
📈 There are more options to enhance the user experience.
📈Boldness gets encouraged because the price paid for mistakes drops.

Zero-click search results are a customer convenience. They typically depend on Google Rich Results on the web page. That adds to the confidence the search engines have about the accuracy of the content, which makes it more likely to appear.

Rich results for products provide details like price, currency, picture, and offer dates to the search engine. It advertises the commercial intent of the page and helps search bots optimize the target audience.

Darwinian Web Design explores many alternatives to the user experience and filters out the weak options. Weak means the Key Performance Indicators (KPI) score lower. The KPIs get extracted from user activity on the website. The strategy evolves the e-commerce website based on the KPI defined by the merchant. It requires fine-tuning website themes, product hierarchy, and functional capabilities.

Most websites are not capable of Darwinian web design because:
⚡ They have a static website theme.
⚡ The applications/plugins need more integration and tuning options.
⚡ Frequent changes cause stability challenges due to the absence of offline testing and proper code purging.

Conversion rate optimization for e-commerce requires tracking individuals across each sales funnel. Companies track their key performance indicators in different ways that adapt to the current campaign. A sample funnel is:
🛒 Click through rates for ads
🛒 Dwell time on the website
🛒 Repeat website sessions
🛒 Building a shopping cart
🛒 Abandon cart recovery
🛒 Purchase completion
🛒 Return rate / Fraud rate
🛒 Repeat purchase

Optimizing e-commerce brands requires owning your website theme and repeatedly measuring the performance of design variations.

Does someone else own your online brand and sell it to the competition for profit? Owning means optimizing the look and functionality to maximize conversion rates based on data generated by your users from your website. Test which buy-button leads to more shopping carts, what cross-sell increases the purchase size, and which social ad leads to sales.

Get your Google approved e-commerce website.