⚫ CROWS for Indian D2Cs.

Conversion Rate Optimisation & Workflow System

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CROWS for Indian D2Cs.

High conversion rate is crucial for success, because conversions makes/breaks a brand!

And to ensure that, a Conversion Rate Optimisation & Workflow System (CROWS) is put into action.

  • Conversion Rate depends on the user experience, and

  • CROWS involves analysing & automating to improve Conversion Rate

1. What’s the Average Conversion Rate?

In India, the average conversion rate for D2C ecommerce stores typically ranges from 1% to 2%.

Industry

Average Conversion Rate

Fashion & Apparel

1.5% - 2.5%

Electronics

1% - 1.5%

Beauty & Wellness

2% - 3%

Home Decor

1.5% - 2.5%

2. Your Conversion Rate Might Not Tell the Whole Story

Your conversion rate is a critical metric, but it’s essential to consider it in the context of other key performance indicators (KPIs):

Impact of Optimisation & Workflow System

Aspect

Strategy

Impact

Return Rate

Percentage of products returned

10% - 15%

Chatbot Inquiries

AI-powered chatbots

25% increase in customer satisfaction

Conversion Rate

Percentage of visitors who complete a purchase

Platform wise variation

Effectiveness of Promotions

Impact of promotional campaigns on sales

Varies (5% - 20% increase)

Omnichannel Approach

Consistent experience across platforms

18% boost in conversion rate

WhatsApp Business

Order updates, personalised interactions

30% increase in repeat purchases

Referral Programs

Incentives for referrals

15% increase in new customers

Holiday Campaigns

Seasonal promotions, targeted marketing

40% increase in festive sales

Retention Campaigns

Loyalty programs, personalised follow-ups

35% increase in retention rate

Restock Campaigns

Alerts via email, SMS, WhatsApp

25% increase in restock conversions

3. Where to Start?

Checkout and Payment Optimization:

Action

Impact

Simplify Checkout Process

Reduces cart abandonment

Offer Multiple Payment Options

Increases payment success rates

Provide Guest Checkout

Lowers entry barriers

Campaign Analysis and Optimisation:

Action

Impact

Example

Track Campaign Performance

Identifies high-performing channels

Mamaearth optimised emails, boosting conversions by 12%

Use A/B Testing

Optimises marketing messages

Boat Lifestyle improved ad effectiveness by >20%

Leveraging Referrals and Other Boosts:

Action

Impact

Example

Implement Referral Program

Increases customer acquisition

Nykaa saw a 15% monthly increase in new customers

Offer Incentives for Referrals

Encourages existing customers to refer new ones

FirstCry provides discount coupons for successful referrals

4. E-commerce Conversion Rate Optimization Tips

Automate Processes:

Action

Impact

Example

Automate Marketing Efforts

Enhances personalization and follow-ups

Bombay Shaving Company increased sales recovery by 38%

Schedule Abandoned Cart WhatsApp Broadcasts

Recovers lost sales

Urban Ladder reduced cart abandonment by >320%

Focus on Merchandising:

Action

Impact

Example

High-Quality Product Images

Enhances product appeal

Lenskart's virtual try-on feature boosted conversions

Detailed Product Descriptions

Increases customer confidence

Fabindia's detailed descriptions led to a 10% sales increase

Prioritise User Experience:

Action

Impact

Example

Enhance Site Navigation

Improves ease of use

Pepperfry's user-friendly design boosted conversions by 18%

Optimise Mobile Experience

Increases accessibility

The mobile apps takes >72% of user engagement

Optimise Pricing:

Action

Impact

Example

Competitive Pricing Strategies

Maintains market competitiveness

Fabindia's dynamic pricing during festive seasons increased sales by 47%

5. Five Steps for a Successful CRO Strategy

Step 1: Gather Data from Customer Interactions

Collect Historic Data of Individual Customers, and also utilise the data from 500+ Indian D2Cs to compare and evaluate future strategies

Step 2: Organise Data into an Actionable Plan

Identify Critical Insights, analyse patterns and trends in the collected data to guide your optimization strategies.

Step 3: Pinpoint Areas for Improvement on Your Site

Prioritise High-Impact Zones, focus your efforts on enhancing the checkout process, product pages, and site navigation first.

Step 4: Gather and Analyse Customer Feedback

Employ Surveys and Reviews, obtain direct customer feedback to understand their challenges and preferences.

Step 5: Embrace the Continuous CRO Process

Commit to Ongoing Improvement, treat CRO as an ongoing process, consistently testing and refining your strategies for continuous enhancement.

6. Ready to Improve Your CRO?

That’s the end of our talk on “CROWS for Indian D2Cs.”...

See you on the next coffee date!

Pragma D2C Operating System

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