By Lisandra Ramos | April 22, 2024
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Download PDFEver walk into a store overflowing with options and find yourself standing there, completely overwhelmed and unsure of where to start? It's a phenomenon many online shoppers face, too. Big ecommerce brands boast a massive catalog of products, which is great for catering to diverse needs and becoming a one-stop-shop for customers. But this abundance can also lead to paralyzing inaction, shopping cart abandonment, and lost sales.
So, how do successful ecommerce stores strike a balance between providing a comprehensive catalog and delivering a user-friendly customer experience? In this post, we'll explore the unique success stories of two large catalog brands and how they mastered this balancing act to boost their revenue.
Large catalogs are fantastic for offering variety, but they can also make it tricky to grab a customer's attention. Here's where time-sensitive promotions come in – like a flash sale or a limited-time discount. They create a sense of urgency and excitement, prompting shoppers to act before the offer disappears.
But what if launching these promotions felt like wading through molasses? That was the struggle faced by the OSU Beaver Store, the official retailer for Oregon State University. Their previous ecommerce platform made it a cumbersome task to set up promotions online, requiring them to contact a third-party developer every time. This created delays, wasted valuable staff time, and limited their ability to be as creative with promotions as they were in their physical stores.
Since partnering with Miva, the OSU Beaver Store has experienced a game-changing shift. Their new platform, designed with user-friendliness in mind, allows them to launch promotions quickly and efficiently, entirely in-house. Imagine wanting to run a "Buy One, Get One Free" sale – something that used to necessitate contacting a developer – now it's a breeze to set up with just a few clicks.
This newfound agility translates into big wins for both the store and their customers. The OSU Beaver Store can now:
The results speak for themselves.
The OSU Beaver Store has seen a 16% year-over-year growth in their online business since implementing Miva. But there's more to the story than just sales figures. And the impact goes beyond sales. The ability to launch promotions quickly and efficiently has freed up valuable time and resources, effectively adding an extra five points of margin to their business.
That's the power of streamlined promotion management at your fingertips!
Imagine you're a gearhead browsing an online store for that perfect car part. You type a few keywords into the search bar, but with a massive catalog, finding precisely what you need can feel like searching for a needle in a haystack.
This was a familiar challenge for Xtreme Diesel Performance, a performance parts and accessories distributor. Their customers are passionate about their vehicles, but navigating a vast product selection could be daunting. The solution? XDP leveraged powerful search and recommendation technology on their website to transform the buyer experience.
Here's how it empowered their customers:
The results are clear: with an advanced ecommerce solution and intelligent product recommendations, XDP has seen a 24% increase in conversion rates. Shoppers find the products they need faster and more efficiently, which translates to happier customers and a significant boost in XDP's bottom line.
Large catalogs offer variety and cater to diverse needs but can also overwhelm customers with too many choices. The key is to strike a balance by using smart merchandising strategies. Ecommerce is all about creating a frictionless, enjoyable journey for your customers. Whether discovering hidden gems through personalized recommendations or finding exactly what they need with a few clicks, a well-organized catalog empowers your customers to explore and purchase confidently.
Here are some additional tips for success:
With these tips in mind, you can build an ecommerce brand with an extensive catalog that is both successful and customer-centric. Always remember that satisfied and knowledgeable customers are the most loyal ones. Therefore, while you embrace your vast catalog, ensure that you prioritize user-friendliness. In the ecommerce realm, a happy customer is a returning one!
Back to topLisandra Ramos
Lisandra Ramos is a skilled content writer with over nine years of experience in the B2B tech world. As the Content Manager at Miva, she uses her knowledge to create interesting and insightful content about ecommerce, consumer research, digital transformation, and customer experience.
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