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eCommerce also allows manufacturers to quickly scale their business and try new things without incurring a lot of risks. You can employ various testing techniques when it comes to new products and marketing strategies on your ecommerce site before investing in them.
Speaking of innovations, ecommerce also allows manufacturers to introduce new products and services quickly and easily. With scalable and adaptable ecommerce platforms like Virto Commerce the cost of ownership and cost of innovations are both predictable so it won't require any unexpected budget spending.
Some of the must-have features for manufacturer ecommerce platforms include:
If you already have an online representation of your manufacturing business, but looking for effective ways of improving it, check out these advanced ecommerce strategies for the manufacturing sector.
Even if you are selling to consumers, the fact that you are a manufacturer puts you in a B2B environment. The needs of businesses when they shop online differ a lot from the needs of individuals. To take the most out of ecommerce and give your customers the best possible user experience it is important to use an ecommerce platform designed specifically for the B2B companies. Why? The key to success for manufacturers selling online is to offer configurable products. This way businesses can easily find what they are looking for and configure it according to their specific needs.
B2B ecommerce platforms make shopping easy and convenient for businesses due to these important features:
As a manufacturer, you are probably using some sort of ERP system to manage your business. In order to streamline operations and make sure all your data is in one place, it is important to look for an ecommerce platform that offers seamless integration with your ERP system. This way you will be able to manage all your data from one place and avoid errors that can occur when using multiple systems.
The benefits of integrating your ecommerce platform with ERP system include:
Another way to improve your manufacturing ecommerce strategy is to use customer portals. Customer portals are private areas on your website where businesses can login and access their account. In the customer portal, businesses can see all the information about their orders, invoices, returns & warranty claims and more.
Customer portals offer many benefits for manufacturers, such as:
B2B marketplaces are managing to increase selling volume at a rate of over 8 percent every year. According to DigitalCommerce, B2B marketplace sales grew 7.3 times faster than total B2B ecommerce sales and 8.5 times faster than total manufacturer and distributor sales in 2021, making B2B marketplaces the fastest-growing digital sales channel.
Given the enormous popularity and development of B2B marketplaces, it's only natural for producers to attempt to establish one of their own or link with existing successful marketplaces.
The Virto Marketplace is a cloud-based, open source ecommerce platform that supports both first and third-party marketplace models and works with almost any existing ecommerce solution without requiring replatforming.
In order to create a successful ecommerce business strategy for manufacturers, it is important to study your competition. By understanding what your competitors are doing, you can learn from their mistakes and avoid making the same ones yourself.
When studying your competition, there are a few things you should pay attention to:
You'll be better prepared to design an effective ecommerce strategy for your manufacturing company if you can correctly identify both the weak and strong points of your competitors.
Your website is the first thing potential customers will see when they search for your products or services online. That's why it's important to have a well-designed website that is easy to navigate and provides a great user experience.
If you want to improve your website design, there are a few things you should pay attention to:
There are a few different ways to promote your ecommerce site. One way is through search engine optimization (SEO). This involves optimizing your site for certain keywords so that it appears higher in search results. This is one of the most important strategies, and to employ it correctly and to the fullest, you will need to hire an SEO specialist.
You can also promote your ecommerce site through social media. This involves creating content that is shareable and engaging and then sharing it on social media platforms like Facebook, Twitter, and Instagram.
Another way to promote your ecommerce site is through email marketing. This involves sending emails to potential customers with information about your products or services.
Finally, you can also use paid advertising to promote your ecommerce site. This involves placing ads on search engines like Google or Bing, or on social media platforms like Facebook or Instagram.
All of these strategies are effective ways to promote your ecommerce site. However, it's important to remember that promoting your site is an ongoing process. You'll need to continuously create new content, analyze it and adjust to your ideal customer profile in order to see results.
If you're looking for more information on ecommerce strategies for manufacturers, be sure to check out our complete guide. This guide covers everything from the benefits of selling online to choosing the right way of building your ecommerce presence.
Let's look at some case studies of companies that have been successful in selling online after we've covered the basics of ecommerce for manufacturers.
Lavazza by Bluespresso is a manufacturer of coffee machines. The company has an ecommerce site that sells its products to both consumers and businesses. Lavazza by Bluespresso has chosen a strategy of unification of B2B & B2C portals. With a new ecommerce website, Lavazza now provides more than 4,000 business clients with immaculate customer service.