Essential goods and products such as food (50.03%), pharmaceuticals (70.06%) and cosmetics (70.11%), which need to be replenished frequently, have a lower abandonment rate compared to other sectors.
Without end-to-end analytics, you cannot accurately understand which marketing campaigns lead not just to visits, but also to real sales.
Set up analytics systems such as Google Analytics or CRM systems to track the customer's path from the first click to the completion of the purchase. This will allow you to accurately measure the effectiveness of different channels.
Only this approach will allow you to find the weak link in marketing and determine at which stage of the sales funnel the conversion drops sharply: reach - traffic - search - order - call - sale.
- small coverage: poor targeting
- problems with website traffic: weak creative or offer
- few applications: problem with the landing page
- long clarification of order details (response time): problem with the work of the seller or sales department
- few sales: poor work of sellers, managers/sales department, weak offer, lack of engaging tools (promotions, discounts)
Why is this important?Daily monitoring of key metrics for each channel (number of visitors, conversion, average check, cost per lead) allows you to adjust the budget in real time and direct efforts to the most effective traffic sources.
Selpway Cyprus offers solutions for automation and optimization of business processes. The company's specialists We pay attention to each element of the marketing mix, test trade offers and sales funnels, set up analytics systems.