5 eCommerce New year Resolutions For Your Business
Bringing in the new year is a time for reflection and setting resolutions. If you're like most business owners, you're looking to eCommerce to help increase sales and grow your business in 2022. But what resolutions should you make to ensure your eCommerce success? Here are four that we recommend!
Setting Effective New Year's Resolutions for Your Business
The new year presents an opportunity to set goals that will propel your ecommerce business forward. By establishing clear, measurable resolutions, you can align your team and focus your efforts on growth.
Define SMART Goals
The most effective resolutions follow the SMART goal framework:
- Specific
- Measurable
- Attainable
- Relevant
- Time-bound
Setting SMART goals clarifies expectations and allows you to track progress. Rather than vague aspirations, define quantifiable metrics and deadlines.
5 Goal Ideas for eCommerce Businesses
Here are 5 SMART new year's resolutions to consider:
1. Improve Order Fulfillment Speed
Decrease order fulfillment time by 10% or set a specific processing time goal. Quick shipping encourages repeat purchases and positive reviews.
2. Offer Customer Appreciation Perks
Surprise loyal buyers with free gifts like free shipping, discounts, or exclusive early access to new arrivals.
3. Expand to New Products or Locations
Research potential growth opportunities and create a plan to test new offerings or markets.
4. Enhance Sustainability
Minimize environmental impact through eco-friendly packaging, efficient shipping routes, or offsetting carbon emissions.
5. Refresh Website Design
An updated look can increase time-on-site, build brand image, and improve mobile responsiveness. Prioritize user experience.
Rally Your Team
Involve staff in setting goals to boost engagement. Offer incentives for hitting targets to motivate effort.
Achieve Your eCommerce Resolutions
The new year brings optimism for business growth. With clear goals and team alignment, you can make significant progress. Define quantifiable resolutions and leverage services like fulfillment logistics to free up internal bandwidth for strategic initiatives.
Recommended: 9 Smart Ways to Make Money on Amazon in 2022
FAQs
What makes an effective new year's resolution for business?
The best business resolutions follow the S.M.A.R.T. goal framework - Specific, Measurable, Attainable, Relevant, and Time-bound. Quantifiable metrics and deadlines help track progress.
How can I improve my ecommerce order fulfillment speed?
Streamline processing by upgrading packing and shipping operations, sourcing faster couriers, or using an efficient logistics and fulfillment service.
Why is sustainability becoming more important?
Customers increasingly make purchases based on environmental policies. Minimizing shipping impact by offsetting carbon or using eco-packaging can appeal to green buyers.
What employee incentives encourage hitting targets?
Offer performance bonuses, extra time off, gift cards, or public recognition to motivate workers to achieve key result areas tied to resolutions.
How can I determine which new products to introduce?
Conduct market research on customer demand trends in your niche. Survey existing buyers on what additional offerings they would purchase from your brand.
What website updates help conversion rates?
Improving page speed, optimizing design for mobile, enhancing on-site search, adding more product images/details, and refreshing outdated copy can lift conversions.
How much effort do goals require to complete?
Resolutions should stretch your abilities while remaining realistic given available resources, bandwidth and capabilities. Break major goals down into milestones.
When should I schedule goal progress reviews?
Set check-ins at least monthly, if not more frequently, to track progress data, troubleshoot issues, and adjust timelines or resource allocation as needed.
