In record numbers, companies are responding by transitioning their sales catalogs online as digital commerce penetrates even the oldest industrial segments. This poses an unfamiliar challenge of scalability for business owners.
Planning for scalability is a possibility regardless of whether it is early or late. Scalability enables the avoidance of downtime, the guarantee of timely deliveries, the effective management of increased orders, and the maintenance of customer satisfaction.
Neglecting scalability could result in losing customers, which is why it is crucial to have a meticulously formulated scalability plan that can accommodate fluctuating demands, exploit opportunities for expansion, and succeed in the rapidly evolving digital landscape.
Scalable eCommerce Platform
Scalability in eCommerce encompasses more than just the ability to handle increased website traffic and process orders promptly. It also involves supporting business expansion as the product catalog expands, entering new selling models and markets, or expanding to new geographical areas. Within the realm of digital commerce, scalability encompasses various aspects such as user experience, meeting business requirements, seizing growth opportunities, and being agile.
User Experience
As your business expands, the eCommerce platform should have the capability to manage higher volumes of traffic and sales. This means it should be able to handle more products, transactions, or customers without experiencing any issues, ultimately ensuring a satisfactory shopping experience for the customer.
When considering scalability, the majority of individuals tend to focus on handling heavy website traffic. In order to guarantee optimal functionality of websites during periods of high demand, it is necessary to have robust infrastructure and high-performance, scalable eCommerce solutions. By doing so, a consistent experience is ensured for customers, irrespective of the time they visit the website.
If your website receives a large number of orders, especially bulk orders with multiple line items, it should have the capability to handle these orders easily. Scalable eCommerce solutions can ensure that your website doesn’t crash when complex orders are placed simultaneously and can also manage sudden increases in order volume over extended periods.
B2B businesses such as manufacturers and distributors are inclined to have extensive product catalogs, whether they sell directly to customers or other businesses. A scalable eCommerce solution facilitates the addition of more product lines or an expansion in the number of products (SKUs) available to customers.
Business Needs
With the use of scalable eCommerce, businesses can enhance their operational efficiency, seize fresh prospects, and optimize their revenue generation. By minimizing errors in their daily operations, businesses are able to save both time and money.
Multiple catalogs and websites are used to cater to the different needs and preferences of various customers when purchasing products. Scalable B2B eCommerce solutions enable sellers to effectively maintain brand consistency, personalize their offerings, reach a wide range of customers, efficiently manage inventory, and provide additional functionalities.
In order to satisfy B2B customers, it is necessary to adapt to their purchase processes, and this can be achieved through the use of scalable B2B eCommerce software. This software has the capability to automate various business processes including personalized pricing, inventory management, order processing, and invoicing, ensuring efficiency and customer satisfaction.
By employing scalable eCommerce platforms, your business can effectively manage security and compliance. This allows for the expansion of capabilities, adherence to new requirements, and growth without compromising the safety of customer or company data.
Growth Opportunities
If you are not experiencing growth, that means you are falling behind. Your eCommerce software should have the capability to easily handle your growth as you acquire companies, open offices, or add distribution centers.
Expanding to different verticals is simpler in the online world compared to the physical world. This is especially true when your vertical intersects with others, or entering a new market doesn’t require much effort. Digital commerce solutions that can scale easily facilitate the introduction of new brands and storefronts to take advantage of these opportunities.
A scalable eCommerce solution allows for easy expansion to different geographic locations, helping to overcome many challenges that arise when selling internationally.
In order to cater to customer preferences for researching and buying in their preferred language and currency, it is essential to have a solution that can accommodate unlimited localization or multiple websites. Scalability is crucial as it ensures site speed, accessibility, and security, which can impact conversion rates and prevent shopping cart abandonment.
Many companies choose to expand into new selling channels in order to increase awareness and sales, as well as build resilience. This expansion may lead them to adopt the characteristics of a B2M (business-to-many) seller. By utilizing a scalable eCommerce platform, this solution accommodates any business model and enables support for unlimited sales channels.
Agility
The ease of focusing on revenue-generating activities, placing customers at the center of your business, and fueling sustainable growth is increased by greater agility and flexibility.
In light of the pandemic, B2B supply chain disruptions, and economic pressures, it has become essential for businesses to adapt their models. If their existing models are not effective, sellers must have the ability to transition to alternative models such as franchises, marketplaces, or selling directly to consumers. Scalable eCommerce enables the support of multiple models without the need for extensive modifications.
If your growth strategy includes acquiring other companies or engaging in mergers and acquisitions, it is crucial to have a scalable eCommerce solution. Without the appropriate technological support, you will encounter challenges such as incompatible systems, expensive workarounds, or the need to switch platforms.
Choose a digital commerce platform that is agnostic towards vendors. Scalability not only enables growth but also eliminates obstacles to growth. Ensure that the chosen platform does not hinder your business operations or make it challenging to achieve your objectives.
Here are some tips for building an e-commerce website that is highly scalable.
In order to maintain the same meaning while rephrasing the text “Efficiency” step by step, we could say: 1. Efficiency is the condition or quality of being efficient. 2. Efficiency can be defined as the ability to accomplish a task or goal without wasting resources such as time, energy, or money. 3. Efficiency refers to the effectiveness and productivity in performing a task or achieving a desired outcome. 4. Efficiency implies the optimal utilization of resources to maximize output or minimize input. 5. Efficiency is the measure of how well resources are utilized to achieve a desired result. 6. Efficiency is the ratio of useful output to the total input required to accomplish a specific task or objective.
The following are essential points to consider for an online store that is both efficient and scalable:
Launching quickly is important because time equals money. The more time it takes to start operating your store, the longer it will take to generate income.
If you are at the beginning stages, chances are high that your financial resources are limited. The more money you invest upfront, the less funds you will have available for marketing purposes. Without marketing, you won’t be able to attract an audience, which means no potential buyers. This is not a favorable situation.
Smart businesses prioritize controlling their costs to ensure a low cost of ownership. Spending wisely is essential in achieving this goal. It is inevitable that costs will increase proportionately to the growth of the business.
The truth is that at different stages of a company’s growth, the right features and functions are necessary. Startups do not require every fancy feature, but there are some essential functions that all online stores need, as well as additional ones that can promote growth.
Being able to modify and incorporate new features and functions into your current system, without having to replace it, provides flexibility. As your requirements evolve, your shopping cart needs will also shift. Ideally, effortlessly adding and switching out features and functions not only saves you valuable time and money, but also ensures a smooth transition for your customers.
Maintain the same meaning, rephrased text: “SAAS is to be approached by considering each step in a thoughtful manner without the addition or removal of any information.”
There are several advantages for store owners to choose a hosted solution, including minimal maintenance, automated updates, enhanced security, and continuous platform innovation. However, one of the primary benefits of adopting SAAS is the ability for your store to seamlessly expand as needed without requiring a re-platforming effort.
One time, we had the opportunity to witness the exhilarating sight of sales pouring in when our company founder appeared on a well-known TV show. To enhance our enjoyment, we ensured Google Analytics real time was displayed on all the prominent screens within our premises. It turned into a delightful experience!
We conducted a soft launch in November, but its success was immediate and prevented us from addressing significant issues. In just four months, our monthly sales reached $1.2 million, but we encountered setbacks such as server shutdowns and costly inventory syncing problems. As a result, we had to hire three full-time engineers (including two senior ones) and an expensive consultant before migrating to BigCommerce.
We managed to reduce expenses by approximately $330,000 annually and successfully eliminated system failures. It is worth mentioning that our hosting expenses for the main server on the Magento store were $1,000 per month, while the backup and sandbox servers cost $800.
Choices for SAAS
Shopify, BigCommerce, and Volusion are the top three choices for new stores. Shopify has made significant investments in establishing a robust brand. BigCommerce has focused on enhancing its technology. Volusion, on the other hand, is still striving to recover after almost failing, so only time will tell what the future holds for them. These platforms allow you to set up a store rapidly, cost-effectively, and potentially without the need for a developer.
When considering this group of three options, BigCommerce stands out as the best choice if you want to create a large enterprise store without having to change the store platform. While there are other software-as-a-service (SAAS) solutions available, some of which are satisfactory, opting for one of the top three options is recommendable if you desire the highest level of adaptability, as these options are the most convenient for adding new features.
- BigCommerce is the only one of the big three that started as an enterprise-level solution, then transitioned into the small store market. Thus it has always had the richest built-in feature set. It comes right out of the box with better SEO, product reviews, a returns system, the ability to edit orders, and a better discounts, categorization options, and options for configurable products than the other two.
- They have rebuilt the platform from the API up. What this means is that you can add in 3rd party and custom solutions to create just about any user experience you want to offer, as well as build complex multi-store and multi-channel solutions, as well as add in any marketing, inventory, customer service or accounting tool you need. This flexibility is key to rapidly scaling growth.
- While all three offer API integrations, the number of “hooks” and “API calls per second” are not comparable between the three. In English, you can do more, and ultimately see better performance on BigCommerce when you need to integrate other software.
- Cost of ownership. There’s this big myth out there that open source and free software is cheaper. If you can code a bit, understand user experience, have a design background, and know your way around WordPress (and WooCommerce), this is sort of true — in the short-term. You can find economical hosting and you’re in business.
- However, hosts don’t scale automatically and a traffic spike, even when it’s nothing but robots, will shut you down. Hosting companies don’t manage your security, perform regular backups (which should always be on a completely different server or a server failure will take out both your store and backup) or manage your updates (among other failings). WooCommerce, in particular isn’t built for larger catalogs or stores. Magento, another popular open source, free cart is extremely complex and very hard to do well. Adding to its complexity is that it is very hard to find programmers that do it well. IMHO, Magento is the most expensive platform in the world.
- Even if it is only your time being used to create and manage your website, your time has a value to your business that could be spent marketing and driving sales, instead of maintaining your website.
Rephrasing the text while preserving its meaning and structure, without adding or removing any information: Please think logically and sequentially, altering the following passage. Do not introduce additional details and avoid omitting any existing information.
eCommerce software must have scalability as a crucial requirement. This feature enables businesses to effectively manage higher levels of traffic and sales, streamline business processes through automation, enhance the customer experience, boost sales, and gather and analyze valuable customer data.