Accelerate the Growth of Online Brand with Predictive Analytics!


The gigantic eCommerce industry is on the boom and evolving with the customers’ demands. To stay compatible with this business, you always need to be one step ahead of your competitors and your customers. You can do a lot with your products and order fulfillment process to enhance your online presence. It is crucial to execute more customized shopping experiences for your customers to meet their demands and make your business sustainable in this competitive scenario. However, predictive analytics provides you the opportunity to upgrade your online business and provide required information about the product to your customers.

In eCommerce, predictive analytics can be used to forecast the market demands, predict the shopping behavior of your customers, apply dynamic pricing strategies and detect fraud. You can enable predictive analytics by finding past customer data. Substantially, this varied process allows you to analyze customer behavior, enabling advanced personalization capabilities continuously. Here in this blog, you will get to know how predictive analytics can accelerate the growth of your online brand. Let’s find out how it is beneficial for your overall online business.


Significant Benefits of Predictive Analytics

It could be a new term for you, but the method can be relevant for you. Generally, predictive analytics invoke a division of advanced analytics, which is used to make predictions for unknown future events of your online business. Thus, it plays a vital role in identifying the customers’ shopping behavior on various eCommerce platforms in the eCommerce industry. It detects the customers’ choices and helps you improve the entire eCommerce order fulfillment process of your business. It provides you with clear insights into customers’ buying patterns, and you can prepare your future strategies based on that. You can also use a brand analytics tool like etraKY BS to implicate predictive analytics. It effectively automates the predictive analytics process and gives you real-time actionable insights to manage your operations. Let’s see how it is beneficial for your business.


Implement Dynamic Pricing Strategy

With the increasing demand for online shopping, competition is also high in the eCommerce industry. Every brand and seller is pouring their blood and sweat in attracting more customers to buy their products. This is an era where you need to apply dynamic pricing strategies for the various products you sell on diversified channels. Competition is so high that the same customer can find two different prices for the same product on a single eCommerce website. In this manner, through predictive analytics, you can view your competitors’ pricing strategies and then choose a dynamic price for your products. Without this analytics, you won’t be able to fix the price of your product according to the market trend and customer demand. There are considerable tools available in the market that can help you with predictive analytics and let you peep into your competitors’ pricing strategies. This analytics helps you by studying the customers’ history on the eCommerce website you are associated with. To execute the dynamic pricing strategies successfully, predictive analytics can add more value in it by identifying recent and past data in real-time. You can study the customers’ shopping patterns and decide the prices for your products on that basis.


Know the Preference of your Customers

To run a successful online business, it is imperative to know the preference of your customers. Knowing the habits of your customers can make you stand differently from your competitors. Although, with the help of predictive analytics software, you can evaluate your customers’ references based on their past shopping and click-through behavior. You have to go through customers’ browsing behavior and patterns to facilitate predictive analytics. It can help you in improving the customers’ shopping experience. Based on this analysis, you can predict what your customers may look for in the future. It provides you a chance to make an intelligent move to leave behind your competitors in the race for the eCommerce business. Ultimately, it can also help you generate more sales adding more profits to your business.


Targeted Product Recommendations

Once you know about your customers’ recent browsing data, you can target them as your potential customers and guide them to buy their desired products or the products they must buy. Believe it or not, product recommendations play a vital role in customizing your customer’s requirements. You need to display the products on the various websites as per your customers’ shopping habits. Predictive analytics help you analyze the data of various touch-points and make it possible for you to offer them which product they should buy next. Some eCommerce websites, such as Myntra, consistently suggest that their customers buy the next product as their past purchase. For example, if a customer buys a dress, with the help of predictive analytics, you can suggest them to buy good-to-go accessories with that particular dress. It can help you keep your customers engaged with you and provide them with a personalized shipping experience.


Accurate Inventory Management

Inventory management is essential to ensure the best shopping experience for your customers and add decent revenue to your online business. If you don’t know what is in your stock and what is not, how will you fulfill your customers’ requirements? Well, you may end up disappointing them the most. Suppose if a customer places an order, and that specific item is not available in your stock, you won’t be able to fulfill their need. As a result, they can buy the same item from your competitors, and ultimately you will lose a valuable customer. However, it is crucial that you must keep your inventory updated. In this process, predictive analytic tactics can help you. As per the past sales, you can stock up on your inventory. Apart from that, you can also use a powerful brand analytics tool that can alert you whenever an item gets out of stock. You can quickly refill that and minimize the risk of customer dissatisfaction.


Conclusion

Hence, predictive analytics is a necessary term that you can use to brand value in the eCommerce marketplaces. It enhances your sales and provides your customers with a personalized shopping experience. By implementing this tactic in your online business, you will be able to make a future strategy. Remember, historical data can work like magic to improve the sales of your online brand. You must invest in implementing predictive analytics in your business. Compelling analytical predictions can make you proactive in making profitable strategies for your brand. Essentially, getting along with predictive analytics by using any software or technologies can help revamp the operations and approaches of your eCommerce business. It can help those facing trouble generate a profit and provide the ultimate shopping experience to their customers in a specific way. Keeping a record of every data can be a tiresome task but essential for long-term success. However, to imply this process efficiently, you can also take the help of brand analytics tools such as etraKY BS. This enormous tool helps you keep track of your inventory, manage the dynamic prices of your products, keep an eye on the movement of your competitors, and many more.

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Five Compelling Ways to Get Reviews on Amazon in 2022!


While selling products on various eCommerce platforms, reviews are the essential metrics. Reviews become more vital if you are an Amazon seller. It is crucial for every online business, but it is much more important than others for Amazon. It directly impacts your conversion rates, sales, rankings, and more while selling your product on this powerful eCommerce platform. Believe it or not but your ability to generate reviews will make the difference between the success and failure of your product.

Nowadays, online shopping has become an authentic part of customers’ lifestyles. According to the latest report, more than 50% of customers shop on Amazon at least once a week, and 72% of customers purchase a product, influenced by the best reviews and ratings. Specifically, Amazon customer reviews matter a lot, and that’s why you must get more and more positive reviews on this website. However, getting reviews on Amazon can be challenging for your online business in 2022. In this particular blog, we have mentioned some uttermost ways to get reviews on Amazon for your products. Let’s find out what those fundamental ways are.


Effective Ways to Get Reviews on Amazon in 2022

The reviews about your products can profoundly affect your online business. It has the power to break or make your eCommerce business. That is why you need to understand the importance of reviews. Apart from the following ways of getting reviews, you can also take the help of some marketplace seller analytics tool to get the reviews effortlessly. In this manner, etraKY BS can help you immensely.


Choose a Great Product to Sell

If you want to get more reviews on Amazon, you need to choose the right product to sell. No strategies will work if you sell a boring and bad-quality product. It won’t let you get five-star reviews if your product is unremarkable. That is why it is crucial to selling such a product that customers naturally want to give a review. It will make the results much hassle-free to come by when you request the reviews. In this way, you can also get more organically verified reviews, and that too without asking the customer. To execute this, you have to make a strategy before launching your product to search your competitor’s reviews and look for the common complaints and negative reviews. Now fix these complaints with your product and then launch it on Amazon. You will experience that your product is getting more positive reviews from customers. Along with selling an effective product, you can also add high-resolution images and descriptions. It can help you attract more customers and ultimately lead you toward getting positive reviews. To process this, you can take the help of any marketplace seller analytics tool.


Apply the Product Inserts

It is one of the practical and most accessible strategies to get more customer reviews on Amazon. The exciting thing about the product inserts is that you can reach out to every single customer with a request to leave their valuable review. A product insert is basically a small card that you put in your product packaging. On this card, you write a crisp “thank you” message, or you can ask the customer to leave a review kindly. Sometimes customers feel lazy to reach out to the page again and leave a review. So to diminish this issue, you can include a QR code on your product insert with a link that redirects your customers to the review page. To work this process successfully, you can attractively design the product inserts. It will be convenient for your customers to leave a lovely review about your product.


Apply the “Request a Review” Button

To get more reviews on Amazon, you can use Amazon’s “Request a Review button,” you can find this button in seller central. A single click on this button will trigger a standardized email sent by Amazon asking the customers for their valuable feedback or reviews about the specific product. However, you can not personalize this email at all. The text will be the same in every email, excluding the product detail and seller name. But the awesome thing about this feature is that customers don’t have to visit the page and then write a review for you, they can provide the star rating, and it will be counted as a review only. The rating system is an efficient way to get more reviews as customers don’t go through the effort of writing reviews.


Get Along with Amazon Vine Program

Being an Amazon seller, this eCommerce website offers you the Vine program to connect you with the reviewers. This program is open to brand-registered sellers and vendors, and it is considered the best and most secure way to get reviews for any new products. If you are new in this business or going to launch a new product, you can surely go for this feature. To enroll your Amazon product in this program, your product must have less than thirty reviews. Along with this, you also need to keep sufficient inventory in your hands. The Amazon’s Vine Program provides you with honest reviews, so it will be better if you fix the issues related to your product first.


Establish a Strong Bond with Your Customers

The most acceptable way to get reviews on Amazon or any other eCommerce site is to build a strong relationship with your customers. To build a stronger bond with the customers, you need to initiate a brand persona that resonates with your targeted audience. You should work on it because it is something that your competitors can not copy from you—establishing a brand that your customers love and appreciate. It will automatically reciprocate the love by giving you a positive review. If they like your product and you two have a bonding, they will definitely write a review for you. Their quality reviews will help you get a higher conversion rate. You can become active on social media, consistently send emails to them, and deliver an impactful customer experience that can help you build a solid relationship with your customers. In this way, you can convince them to leave a positive review of your product.


Conclusion

If you are one of them who doesn’t know the importance of reviews, let me tell you that you are missing out on a significant portion of your online business. Reviews for Amazon products are highly essential, as it helps you get more conversions, make your product a high ranker, and attract more clicks in the Amazon search list. It is essential to get reviews for your products, whether it is an old product or a new launch. Earlier it was easy to get reviews as there was an option to get paid reviews, but it doesn’t work now. With the higher competition in the market, it is getting harder than ever to get honest reviews. You just need to remember that if you have a strong product and you are not breaking any rules of Amazon, you can get closer to having more reviews. To get more reviews for the products you are selling on Amazon, you can also take the help of a marketplace seller analytics tool.

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