Ideas to grow an e-commerce with very low margin products
I have never been a big fan of setting up a business where tight margins force you to sell large Ideas to grow volumes for it to make sense. Well, it turns out that since I like to try new things, that’s exactly what I’m doing now. growPhoto rights from Fotolia I’m in a business phase where that’s what I want to do. It’s quite a challenge but if everything were easy, everyone would be doing it.
The bet must be placed on recurrence
The bet must be placed on recurrence . If you have little margin you company data must at least be able to easily retain your customers. Bet on cross – and upselling . Even if you have a low margin, you can increase profits by selling more with cross-selling . Along with recurrence, the average cart is another key to growth. Make use of marketplaces . I just went from 1 sale a week on Amazon to one a day. You have to be patient and fix things that fail (there are quite a few of these.
A culture of process optimization and low costs
A culture of process optimization and low costs must be implemented. Ideas to grow If your product has a low margin, you cannot afford great luxuries with packaging or other aspects that further reduce DP Leads your profits. to get the most out of these platforms. Low operating costs . A culture of process optimization and low costs must be implemented. reduce your profits.
