Paid advertising works extremely well to drive revenue for ecommerce brands.
But digital marketing can also be a significant investment. And if your business is not ready for it yet, you risk wasting heaps of time, energy, money, and most importantly, customer attention.
Today we’re going to break down how to know if your ecommerce business is ready to run paid advertising. This assessment will not only give you context about structuring your strategy to maximize conversions, but also help you spot and fix any leaks in your current tactics. You won't be scored, per se, but you will be challenged to consider many elements of marketing that you may not have thought of yet, along with the relative importance of each.
Our categories will be as follows: Devices, Polish, Product, Usability, Conversion, Focus, Traction, Financial and Tracking. Pencils ready!
We know, it’s been the year of mobile for a decade. But that doesn’t make it any less true. If your site is not optimized to be viewed in somebody’s hand while they’re walking down the street, you aren’t ready for paid.
Ask yourself this:
Companies tend to underestimate the impact that small things have. Over a repeated number of visits to the site by a large audience, sloppy mistakes tend to add up to revenue lost.
Don’t burn your ad budget until you consider how your site stacks up:
The biggest hurdle in ecommerce is that customers would rather see something in person and touch it before buying it.
Here are the issues worth discussing with your team:
The only thing more frustrating than a site that takes forever to load, is a fast loading site that doesn't reflect user expectations.
Before spending any money on paid ads, answer these questions:
By setting up your website to encourage conversion-positive actions (anything from viewing a product page to signing up for an email list), each and every paid site visit that you generate becomes more valuable.
Consider these questions before moving forward with your paid efforts:
Your website needs to speak the customer’s language, tap into their belief system and reinforce your overarching campaign narrative. From the headline to the copy, everything should link back to the north star of your brand.
An established ecommerce brand is going to take to paid media a lot more quickly and effectively than one that doesn’t already have organic traction. Large companies have the ability to gather a bunch of conversion events from existing traffic, build accurate look like audiences, and so on.
Regardless of your company size, think about this:
Before you start breaking the bank on paid advertising, let’s explore your current ad spend. This gives us a sense of where you’re at and where you’re going.
Think about a few more questions:
We wouldn't be a performance marketing company without mentioning this last one. If you aren’t accurately measuring your performance, your future performance will suffer. Without accurate naming conventions, it’s hard to tell what’s working and what’s not.
Make sure you score your site on these final questions:
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If your ecommerce company successfully answered this assessment, you are ready to set up your paid campaigns and begin converting traffic into revenue.
But if you didn’t have as many answers as you were hoping for, now you have a chance to fix any leaks in your current tactics to prepare your brand to maximize conversions in the future.
Either way, Metric Digital will be standing by to lead you along the paid advertising journey.