The Ecommerce Roadmap artwork

136. The biggest opportunity to get more sales

The Ecommerce Roadmap · November 8, 2022 · 22 min

Summary

This episode highlights a critical, often-overlooked opportunity for ecommerce businesses: increasing sales by focusing on returning website visitors. It debunks the myth that more sales always require more traffic, demonstrating how optimizing for repeat visits can significantly boost conversions and revenue without additional ad spend.

Key takeaways

Themes

conversion & cropaid acquisitionanalytics & attributionbrand & content

Topics covered

returning visitor optimizationgoogle analytics behavior reportretargeting campaignsconsistent content strategyconversion rate optimizationcustomer engagement

Episode description

There's something I want you to check today. And even if you're not feeling like sales are slow, you might not be taking advantage of this opportunity to get more sales. Most people aren't. When you feel like your sales are stagnant, there is one thing I want you to check. Traffic - specifically traffic quality. Once you've hit that magical 3000 web visitors/ month - you need to maintain it, but there's a huge opportunity to get more sales without spending more money or trying a new tactic. Here's a fact: People who visit your website multiple times are 2x more likely to buy than people who visit for the first time. Let's think about 2 stores that each get 10,000 web visitors a month. Store 1 has 10K visitors, and 70% of those visitors are first-time visitors and 30% of those visitors have visited at least 2x. Store 2 has 10K visitors, and 90% of those visitors are first-time visitors, and 10% of those visitors have visited at least 2x. For simplicity, let's say that both stores have the same conversion rate. First-time visitors convert at 1% Visitors who have visited at least 2x convert at 2% Store 1: 7000 x 1% = 70 orders 3000 x 2% = 60 orders Total 130 orders Store 2: 9000 x 1% = 90 orders 1000 x 2% = 20 orders Total 110 orders This a stat that you'll find in Google Analytics, Go to Audience → Behavior → new vs Returning → Filter - 90 days. Look at your % new visitors and your % returning visitors. Look at your conversion rate for new visitors and compare it to returning visitors. How to improve your returning visitor rate, Most important: Consistency. You don't have to do something new Consistently post on social media, giving people a reason to click2) Build warm audiences and retarget them consistently at a

Related episodes

Frequently asked about this episode

What does this episode say about conversion & cro?
Analyze your Google Analytics (Audience -> Behavior -> New vs. Returning for the last 90 days) to understand your new vs. returning visitor conversion rates.
What does this episode say about paid acquisition?
Prioritize consistent content creation and social media posting to give your audience a reason to re-engage with your brand and visit your website multiple times.
What does this episode say about analytics & attribution?
Implement retargeting campaigns for warm audiences, even with a smaller budget, to encourage repeat visits and conversions.
What does this episode say about brand & content?
Understand that visitors who return to your site multiple times are statistically twice as likely to convert, making returning visitor optimization a high-leverage activity.
What does this episode say about conversion & cro?
Focus on delivering value and consistent engagement through various channels to cultivate a loyal audience that revisits your store and ultimately converts at higher rates.

Listen