Have you ever thought of launching your store Credits? Probably, yes. There are a few convincing pros, why you should consider starting this activity for your online shop:
- Plain and fast refunds procedure.
- More orders from the returning buyers.
- Raising customer engagement.
- Possibility to prevent fraud returns.
- Save money on transaction fees.
One of the most important key indicators of any store is page speed. It’s all about performance, but why is it so vital to have your shop flying?
There are a few significant facts about store performance indicators and your revenue:
- Abandoned Cart Rate increases, if your store performs slowly: 51% of US customers say they abandon their carts if find the shop website slow (radaware.com).
- Bounce Rate grows, if page load speed exceeds 3 seconds.
- Conversion Rate decreases, if page speed is more than 2 seconds (ft.com).
- Revenue reduces: high cart abandonment and bounce rates are silent revenue killers!
Every Magento store owner has an amazing opportunity to run loyalty program thanks to variety of different extensions and easiness of their application. And it’s a great chance to increase returning customers flow and buyers lifetime value. But E-commerce market is so large, fast-growing and diverse, that your store biggest challenge is running the loyalty program focused on something really important and resonating to your consumers.
Mirasvit welcomes you to take a look at our recent updates of our Magento and Magento 2 extensions.
Search Sphinx Ultimate extension for Magento 1 has extend the customization ability.
Advanced Product Feeds, Full Page Cache Warmer and Advanced Reports for Magento 2 have also acquired several major updates.
Fraud Detection: Killing Extension To Save Time And Money Without Losing Customers
Which frauds can your store face with? and How to avoid any fraud orders and returns without losing money, time and legitimate customers?
These two basic questions are really vital for any store owner. Let’s get some answers!
“Retailers surveyed estimate that total annual returns will reach $260.5 billion, or 8 percent of total retail sales, with $9.1 billion of retailers’ annual returns expected to be fraudulent, or 3.5 percent of the industry’s total returns.” – National Retail Federation Report, December, 15, 2015.
Mirasvit introduces new features and improvements for the most popular M1 and M2 extensions.
Help Desk MX and RMA extensions for Magento 1 now include a few ease and usability features.
Store Credit & Refund, Gift Registry, Sphinx Search Ultimate and Advanced SEO Suite for Magento 2 gained several improvements both for store managers and customers.
We are constantly working on improving our extensions and March was’t an exception. I would like to share what our team has accomplished recently in this post.
Since the upgrade of Magento to 2.0 version, the management of discounts became much more user-friendly. But the main question about discounts remains – how to use them the most efficient way? In this article, we will try our best to uncover the answer by explaining:
- how tailoring sale to special occasion empowers its results;
- how to define was the campaign profitable or not by estimating the ROI;
- how to set the discounts in Magento 2 admin panel.
Every ecommerce store owner wants to reach the highest Conversion Rate ever. And it’s truly possible to increase this indicator by means of smart marketing strategy implementation and set of appropriate digital marketing tools. Give it a break for some time – I’ll give you a couple of sobering facts before you rush after CR numbers:
Fact #1. The average Conversion Rate is between 0,1 and 7%, and the 25% of ecommerce companies have CR less than 2% (according to MarketingSherpa Ecommerce Benchmark Study, underwritten by Magento. 4346 ecommerce marketers participated in this survey). For the record, 0,1% is extremely low Conversion and 7% is quite good.
Free or not? If charge, how much?
Each store owner has his or her own moment of uncertainty while choosing the shipping strategy. The reason behind is that shipping method affects your revenue. The effect varies depending on product price, product type, location, shipper you use and plenty of reasons more.
There is no absolute answer to the question of shipping method every store has to use and I cannot give it to you. I don’t have an intention of dragging your store into business model that would harm your income. What I can do, is to show you how to figure out which shipping method would suit you and how to set it up.