4 Proven Tips to Measuring the Success of Your Products

When it comes to managing your eCommerce efforts, you know there is a lot that goes into making your company successful. However, one of the simplest, yet most important things that any business owner needs to do is to make sure their products are keeping their customers happy. After all, in eCommerce, it is the quality of the products that will keep a company in business. If your products aren’t successful, then your company isn’t going to be successful.

This means you need to be willing to take the time to really measure the success of your products and to see first-hand how your products are performing. Without the right product, there isn’t going to be any profit. So, how exactly do you measure and make sure these products are working to your advantage? Here are four proven tips to help make certain your company is thriving and your products are performing the way that you want them to.

 

Tip 1: Look at the Supply and Demand Gap – This may seem like eCommerce 101, but it is something that many business owners unfortunately overlooked by many business owners. What is the demand for your product? Is there a space in the market that your product can fill? Can that product by changed if your customer’s needs change?

You need to cover these basics. While customers are typically excited by new and innovative products, just because there is nothing like your product, it doesn’t mean that it will have long-term success. You not only need to deliver something that will wow your customers now, but something you can develop in the future to continue to wow your customers. This is the basic foundation for any successful product and something you need to remember when managing your products.

 

Tip 2: Remember the Products Need to Be Unique – Stop and thin about your products and really answer this question: “why would someone buy your product over any other similar product in the market?” Your product needs to be unique. You need the product to have the following characteristics to really measure its success:

  • It must be cost-effective to create
  • It must be something that customers desire
  • It must be capable of making a profit
  • It must be able to drive sales

Think about your products. Do they possess these characteristics? What is it that makes them stand out from the market and different from the competition. These are the things that are truly indicative of success.

 

Tip 3: Know Your Customer’s Role – As a business owner, you likely already know the old adage that “the customer is always right.” However, in eCommerce, it is so much more than that. You need to know exactly how your customers are reacting to your product. Some people may look at this article and think “I know how many products I’ve sold, so I know how successful my products are.” Unfortunately, it isn’t that simple, and there is much more to the equation than that.

You need to make sure that your customer’s needs and expectations are being met. One of the main goals should be fewer returned items. This means customers are happy and it means you are going to start seeing more repeat customers coming back to your site.

Tip 4: Know How to Deliver – The perfect product is important but the perfect product fulfilment process can really take your company to the next level. If your customers aren’t getting their products in a timely manner, it can have a serious impact on their overall customer experience. If you aren’t able to handle the fulfilment yourself, you need to make sure that you invest in a program that can help you keep stock of inventory, track your orders and give you detailed reports on your stock. This will also help you garner more positive reviews which means more happy customers.

 

Here at Autofulfil, we can help you take your company with this fulfilment process so you can make certain your products are performing the way you want them to. We are a complete turn-key fulfilment centre that can help you take your business to the next level.