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is-Magento-ecommerce-platform-appropriate-for-SMEs
IS THE MAGENTO ECOMMERCE PLATFORM APPROPRIATE FOR SMEs?

Platforms play a significant role in developing and operating an optimal eCommerce system. As a result, selecting an eCommerce platform should be done thoroughly and carefully to maximize the platform’s benefits and promote long-term business growth. Each business’s eCommerce model will have appropriate platform options depending on the development goals. However, most SMEs today face significant challenges in selecting a suitable eCommerce platform due to a variety of budget, time, and business characteristics.

The Magento eCommerce platform is the most fantastic platform for eCommerce systems among popular names such as Shopify, BigCommerce, WooCommerce, and so on. Magento has many distinct advantages, including high flexibility, a diverse ecosystem, and optimal security. However, are Magento’s outstanding features the best option for SMEs? So, what are the standout characteristics of the Magento eCommerce platform? Will they be appropriate for SMEs in the Vietnamese market?

These prominent advantages make the Magento eCommerce platform appropriate for SMEs.

A diverse ecosystem

Possessing all of the basic eCommerce system’s functions

The Magento eCommerce platform is designed to grow into a comprehensive eCommerce system.

  • Catalog Management: Develop and maintain all data, functions, and information about products, categories, attributes, pricing systems, inventory, images, and videos to keep operations running smoothly and maximize business performance.
  • Content Management: Create and optimize all CMS page content elements, host images, theme customization, and website design.
  • Sales Management: Establish and oversee the sales, order, payment, and shipping processes. Simultaneously, diversify customer information to provide the best possible customer experience.
  • Marketing Management: Optimize and implement SEO the promotion programs (promotions, up-selling, cross-selling, etc.) with support tools, are used to increase business sales.
  • Customer Management: Manage customer information entirely to improve marketing efficiency, the purchasing experience, and customer experience.
  • Inventory Management: Fill the supply chain quickly and effortlessly with inventory management tools that direct shipments to the appropriate warehouses.
  • Report: Make use of data effectively by delivering comprehensive and detailed reporting to improve and enhance business performance, including Sales & Marketing, Customer Reports, Product Reports, and Evaluation and Operational Performance Report
  • Analysis: Monitor and measure the eCommerce system performance with built-in tools like:

               + Integrate Google Analytics to track and report on traffic, audience, purchasing process, and purchasing behavior.

               + Integrate Facebook Pixels makes tracking ads performance and capturing website actions simple.

               + Integrate Google Tag Manager to quickly update website metrics and related tags to increase personalization and accomplish the proper goals for the subsequent Marketing campaigns.

is the magento ecommerce platform appropriate for smes
Magento has a complete eCommerce functional system.

Diverse extension systems with numerous advanced eCommerce functions

The Magento extension system has also been significantly developed to meet the eCommerce market’s rapid development and the specific requirements of each business. 

Thousands of advanced functions on themes, add-ons, products, Marketing, payment optimization solutions, shipping, and so on have been built with flexibility and high usability to deliver exceptional results when integrated into the system that meets all operational needs and ensures the long-term growth of businesses’ eCommerce.

Ability to integrate with other systems and services

Businesses can fully integrate third-party services, analytics tools, management software, and Omni-channel with the Magento eCommerce platform to support efficient and seamless eCommerce operations.

  • Payment: Simply connect to the Magento system to today’s most popular payment methods, such as card payment (ATM, VISA, Mastercard,…), eWallet (MOMO, ZaloPay,…), payment gateway (OnePay, VNPay, PayPal,…), or COD… helps to diversify the payment and purchasing experience
  • Shipping: Easily integrate couriers (Giao Hang Nhanh, Giao Hang Tiet Kiem, Viettel Post) and popular shipping tracking applications in the market to support handling and optimize delivery processes
  • Management and operation software: Integrating the Magento system with back-office management and operation software (ERP, CRM, POS, …) such as SAP, Salesforce, and Oracle.. to operate all resources and processes seamlessly in the enterprise.
  • Business Analytics Tool: Magento can also integrate with business intelligence (BI) tools such as Power BI, Tableau, Looker, and others to improve business efficiency and easily merge and exploit all data from the system. The Magento system, extensions, and third-party services enable quick, efficient, and data-driven analytics and reports to improve business strategy and drive growth.
  • OmniChannel: Consolidate all sales channels on the same Magento system to handle and control data and create seamless offline and online business processes. Furthermore, businesses can quickly develop and manage omnichannel marketing strategies to personalize customer experiences and optimize eCommerce.

Global technical support community

In addition to a fully functional feature system, the Magento eCommerce platform is supported by a diverse system of extensions and technologies from a global developer community, allowing all eCommerce requirements of SME businesses to be met quickly anytime, and anywhere. The Magento eCommerce platform has a large developer community worldwide, including many experienced professionals and Magento developers.

is the magento ecommerce platform appropriate for smes
The strong Magento community assists businesses in quickly solving problems and finding solutions that are compatible with existing systems.

Businesses will receive maximum support in solving problems arising from technical errors and consulting on building eCommerce solutions that fit the enterprise’s business model with a strong Magento eCommerce platform development community. 

An extensive technical support community is another example of the reliability and capacity to quickly resolve system errors and updates that Magento constantly brings to our eCommerce system.

Magento eCommerce Platform Flexibility

The Magento eCommerce platform’s flexibility is an exceptional advantage that allows the Magento eCommerce platform to operate any complex system. Given this benefit, Magento is an excellent choice for Vietnamese SMEs today. Moreover, businesses can easily change system functions, develop new features, or open new stores to meet their needs and respond to rapid market change.

Customizability

The Magento eCommerce platform possesses the advantages of open-source software with extensive customizability to help the system run smoothly. Enterprises can easily own and control the entire system source code and customize it to change parts to suit the eCommerce system’s general operating model.

Owing to this benefit, Magento is highly customizable for any size business and can meet the eCommerce needs of both small and large corporations.

Besides that, the customizability of open-source code enables developers to create more innovative and comprehensive solutions tailored to each business, field, and business model, creating highly specialized eCommerce functions that result in effective system performance.

Scalability

Multi-websites, Multi-stores

Magento allows businesses to scale from one website/store to many different websites/stores on the same system to meet the needs of business scale development. Businesses can access and manage all data from multiple websites/stores using a single Magento system.

is the magento ecommerce platform appropriate for smes
The Magento system enables multiple websites/stores to be extended and managed simultaneously.
Multi-languages, Multi-currencies

With Magento’s language conversion support, businesses can create an eCommerce system with customer-friendly content and language. Besides that, the Magento system enables businesses to quickly convert currencies, expand their markets in many countries, and assist customers in transacting conveniently and having the best shopping experience.

Security Capabilities

High security is another significant benefit that makes the Magento eCommerce platform the preferred choice for SMEs. Magento is a complete eCommerce system with security functions that ensure seamless eCommerce operation while minimizing potential data system and ecommerce transaction processing risks. As a result, system security is improved, website credibility is increased, and user interests are protected to the greatest extent possible.

is the magento ecommerce platform appropriate for smes
Security is a standout advantage of the Magento eCommerce platform.

Security scanning tool

Magento includes a periodic security scan tool to identify security issues or malware affecting the system and update patches and notifications, then propose security solutions to handle arising errors, thereby effectively improving and optimizing the website’s security.

Advanced passwords for the administrator account

The requirement to use advanced passwords should also be fully implemented to increase the level of security for administrative accounts. The administrator password must be at least seven characters long and include letters, numbers, and special symbols. Relating to further adjustments, the password complexity may be increased with lower case/case sensitivity, or re-login may be required after a certain length of the login session.

CAPTCHA security

CAPTCHA can protect the system for both administrators and website visitors. In addition, using CAPTCHA aids the system in preventing bot spam and malicious code from entering the system illegally.

2FA function- Two factors of security authentication

This function provides additional security for system user accounts. Accordingly, customers will have to authenticate with an additional OTP security code sent to the phone number provided during account registration after logging in with a password. This two-layer security operation effectively limits the threats of unauthorized access and account attacks while enhancing protection and maximum safety for system users.

Problems encountered when implementing eCommerce on the Magento eCommerce platform.

With significant advantages such as a fully functional feature system, flexibility, a diverse ecosystem, and optimal security, the Magento eCommerce platform is the best choice for SMEs looking to build a stable and sustainable eCommerce system. However, due to deployment costs, implementation time, and complex industry-specific issues, most SMEs are still hesitant to use Magento to build an eCommerce system.

is the magento ecommerce platform appropriate for smes
Most SMEs are still hesitant to use Magento due to deployment costs, implementation time, and complex industry-specific issues.

High implementation costs

Although Magento is highly regarded for its features and performance, the cost barrier prevents SMEs from selecting the Magento eCommerce platform to build their system. Furthermore, the expertise of the system developers is a significant factor that significantly increases the cost of Magento implementation. Therefore, a complete and efficient Magento eCommerce website is implemented by a professional team that is thoroughly knowledgeable about Magento to develop the proper comprehensive system from the beginning and provide appropriate solutions for the enterprise’s various needs in the long run.

A fully functional system built on the Magento eCommerce platform is estimated to cost between $10,000 and $100,000.

The long implementation timeline

A complete project on the Magento eCommerce platform typically takes 2-3 months to deploy, with some projects taking up to a year. Additionally, enterprises should constantly develop components of the eCommerce system. Furthermore, the functional system’s complexity necessitates time investment to build appropriate development solutions. 

When selecting an eCommerce deployment platform, SMEs should consider the time issue carefully. With the requirements of the eCommerce and digital transformation markets, the extended system implementation time slows down the digital transformation process, making it difficult for businesses to keep up with competitors or constantly update trends in the market.

The complexity of dedicated functions

When converting to eCommerce, the specific characteristics of each industry and field remain a complex problem for every SME. Because most Vietnamese SMEs lack the technical knowledge and expertise required to build particular functions that can satisfy one or more specialized processes and the complexity of the eCommerce system, industry specificity has become a significant obstacle. These specific functions necessitate a corresponding technological solution to ensure that the eCommerce system can operate effectively and sustainably after the transformation.

Simultaneously, to build a specific feature with high complexity for a Magento store, businesses may need to spend more money and time than usual to develop a suitable solution to the particular requirements of an eCommerce business.

With extensive experience developing many complex e-commerce systems on Magento, SECOMM understands the challenges that businesses face when selecting a platform and implementing E-commerce.

Contact SECOMM for a free consultation on comprehensive e-commerce system development solutions!

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6 Steps to build a professional ecommerce website
6 STEPS TO BUILD A PROFESSIONAL ECOMMERCE WEBSITE

Trends in consumer shopping are shifting from offline to online, especially among the younger generation—an important factor impacting the new economy. Building an ecommerce website is crucial for the success of ecommerce businesses in today’s digital economy. So, what should businesses do to build a professional ecommerce website?

Define the goals of the ecommerce website

Objectives:

Businesses need to determine the purpose of the website and the priority of each goal to plan the development of the website according to each stage:

  • Increase revenue: Add a sales channel to boost sales activities.
  • Brand positioning: Build a brand to establish a strong presence in the ecommerce market.
  • Marketing support for the business: Use tools like Google Analytics and Facebook Pixel to analyse customer behaviour, build a suitable Ecommerce Marketing strategy, reach more potential customers, and increase conversion.
  • Enhance user experience and interaction: Support payment services and backend services to increase interaction, support, and provide customer advice more efficiently.

Requirements:

The ecommerce website needs to have a powerful configuration, a professional interface, and a diverse system of functions to meet the growing needs of customers. When designing the website, businesses should pay attention to:

  • Website performance needs to ensure page load speed, large storage capacity, and compatibility with all devices.
  • The interface is considered the face of the brand when customers visit the website. To create a good impression and keep them engaged, the interface must meet basic criteria:
    • Professional and brand-image-conveying interface.
    • Scientifically designed structure, compatible with customer behaviour.

Example: The structure of some common pages of an effective e-commerce website:

  • Home page: Program banners and product or service categories.
  • Product category page: General description of the category and products in the category.
  • Product detail page: Description of product attributes, images/videos, prices, promotions, inventory information, customer reviews, and suggestions for similar products.
  • Account registration page: Request basic information (Name, Email, Phone, Gender).
  • Account management page: Personal information, password changes, order status.
  • Shopping cart page: Avatar, product name, quantity, price, discount code.
  • Checkout page: Order information, payment, shipping, invoice generation.
  • Contact page: Hotline, email, business branches, contact form.

To maximize the customer experience, the ecommerce website needs to integrate features that support personalized customer experiences, aligning with their shopping behavior.

Example: Some common features:

  • Product category management: Unlimited product quantity, multi-level category navigation, custom filters, and extensions supporting SEO indexing.
  • Sales management: Order control, payment, shipping, staff responsible for handling.
  • Customer management: Update customer information, register/log in through social media accounts such as Facebook/Google.
  • Marketing management: Set up supporting tools like Google Analytics, Google Tag Manager, Google AdWords.
  • Content management: Integrate SEO tools, customize menu layouts, CMS content.
  • Inventory management: Use management tools to process orders, inventory management, and distribution systems.
  • Reporting and Analysis: Analyze sales activities to assess customer insights, forecast business results, and propose business strategies.

Determine the time and budget for implementation

Depending on the goals and complexity of the e-commerce website, determine the time and budget. To accurately determine the time and budget, businesses should seek advice from experienced and professional units.

Choose an ecommerce website development platform

Each platform has its advantages and disadvantages. Businesses need to consider choosing a website development platform that is suitable for their e-commerce business strategy. Some popular platforms include:

Magento:

  • Pros: Open-source platform specialized for e-commerce, versatile, highly customizable.
  • Cons: High development costs, requires expertise and experience during implementation.

Suitable for businesses investing in the long term, saving budgets in the long run.

Shopify:

  • Pros: Easy to use, many ready-made interfaces and widgets, 24/7 support.
  • Cons: High costs (ongoing high cost), unstable website speed.

Suitable for building simple and less customized e-commerce websites.

OpenCart:

  • Pros: Simple, easy to use for businesses, many templates.
  • Cons: Limited features, poor security, suitable for building e-commerce websites for new brands entering the e-commerce market with limited budgets.

BigCommerce:

  • Pros: Supports payment features and integrates various marketing tools.
  • Cons: Limited annual revenue. Standard package: $29.95/month, revenue limit: $50,000/year.

Suitable for building e-commerce websites for new businesses with relatively low revenue.

WooCommerce:

  • Pros: Simple, easy to use, many templates.
  • Cons: Cannot be edited for a unique style, suitable for building e-commerce websites for new businesses and small-scale enterprises.

Choose an ecommerce website design unit

When building an e-commerce website, businesses need to collaborate with units based on certain criteria:

  • Deep experience in e-commerce: Number of years of experience, quantity, and quality (type of projects, complexity, etc.) of completed projects.
  • Professional team: Solution consulting staff, IT staff, customer service staff.
  • Clear process from business analysis, proposed solutions, development, testing, and maintenance.
  • Available system.
  • Efficient handling and support.
  • Commitment to warranty and maintenance.
  • Upgrade and maintenance services for the e-commerce website.

Some ecommerce website design units in Vietnam include:

  • Magento: Secomm, SmartOSC, MoniGroup, Co-well Asia, etc.
  • Shopify: Webico, Meowcart, Duyalex, etc.
  • BigCommerce: Itexpress, Websolution, etc.

Purchase domain name and hosting

Criteria for choosing a domain name: Short, easy to remember.

Criteria for choosing hosting providers:

  • Examine the configuration: Disk Space, Bandwidth, Parked Domain, CPU, RAM, FTP accounts, MySQL accounts, dedicated IP, etc.
  • Support services: Data backup, 24/7 live chat support, submitting a ticket to resolve issues.

Develop the ecommerce website

Coordinate with the development unit to ensure a smooth development process. Businesses should regularly update the project progress according to the approved solution. Simultaneously, update changes and coordinate with the cooperating unit. During the User Acceptance Test (UAT), businesses should test according to a checklist to ensure that the website development process meets expectations.

During the development process, businesses also need to work with payment and shipping units to provide services for the ecommerce website. When signing contracts with payment units, attention should be paid to security, compatibility between the website platform and the payment platform, and service fees. Some common online payment gateways in Vietnam include Paypal, Ngan Luong, VNPay, Airpay, and e-wallets such as Momo, ZaloPay. When cooperating with shipping units, businesses should consider the quality of services, shipping staff, packaging, and storage of goods to avoid affecting the user experience

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Differentiating Ecommerce Websites and Shopping Websites
DIFFERNTIATING ECOMMERCE WEBSITES AND SHOPPING WEBSITES

Ecommerce websites and online shopping websites both serve the purpose of buying and selling products and services online for businesses.

So:

  • How are e-commerce websites and online shopping websites different?
  • When should an e-commerce website be built?
  • When should a shopping website be built?

Website Purpose

An e-commerce website is established to serve the entire process of selling goods or providing services, from providing information and introducing the business, products or services, to supporting payment and post-purchase services. In particular, the payment feature on e-commerce websites is executed through multiple steps and follows certain standards. On the other hand, shopping websites mainly provide information about the store, business, or the products and services offered.

Differentiating Ecommerce Websites and Shopping Websites-Website Purpose
Website Purpose

Website Scale

In terms of scale, e-commerce websites typically have a diverse range of product categories and services. In contrast, shopping websites usually only deal with a specific set of products or areas, so the scale is generally small to medium.

Differentiating Ecommerce Websites and Shopping Websites-Website Scale
Website Scale

Website Features

To present a variety of products, and services to customers, and support businesses in managing their online business systems, e-commerce websites need a complex back-end operating system (data access layer) with integrated functions such as customer management, product category management, analysis and reporting, SEO support, Ecommerce Marketing, Omni-channel (ecommerce platforms such as Shopee, Lazada, Tiki, Sendo; social networks such as Facebook, Zalo, Tiktok, Linkedin, and individual e-commerce websites…) online payment, and shipping services. In contrast to e-commerce websites, shopping websites primarily introduce businesses and products, so they do not require the integration of many supporting features.

Differentiating Ecommerce Websites and Shopping Websites-Website Features
Differentiating Ecommerce Websites and Shopping Websites-Website Features

Website Interface

The interface of ecommerce websites is usually focused on and designed meticulously with a standardized UI, UX. Not only eye-catching, professional, and impressive, the interface of ecommerce websites also needs to demonstrate the complex features underlying the system and provide an optimal online shopping experience for users. Shopping websites have a simple interface and operational functions because they focus on only one type of product or specific area.

Differentiating Ecommerce Websites and Shopping Websites-Website Interface
Differentiating Ecommerce Websites and Shopping Websites-Website Interface

Website Investment Costs

With a professional interface and a complex feature system, the investment cost for designing e-commerce websites is generally higher than for shopping websites. Especially for websites with a diverse feature set, the costs can be even higher. Regarding shopping websites, the development cost is usually lower as they are developed from a simple platform and sometimes do not require much specialized knowledge.

Differentiating Ecommerce Websites and Shopping Websites-Website Investment Costs
Differentiating Ecommerce Websites and Shopping Websites-Website Investment Costs

In summary, shopping websites are suitable for businesses that deal with a few products, services, or a specific industry group, do not require many complex features, and need to save website construction costs.

On the other hand, e-commerce websites are suitable for businesses with a diverse range of products and services, have the need to develop an ecommerce system for long-term business and budget savings, have specific growth goals, and have the financial capacity to enter the ecommerce market.

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Resolving 5 common errors on ecommerce websites
RESOLVING 5 COMMON ERRORS ON ECOMMERCE WEBSITES

A website is a powerful tool for supporting ecommerce (Electronic Commerce) business, serving as a bridge between businesses and customers in the online shopping market, facilitating the entire process of buying and selling goods, and boosting sales. Therefore, building an ecommerce website is crucial for the ecommerce business of a company, requiring not only serious investment but also a long-term strategy.

However, there are still many ecommerce websites facing certain issues that need to be addressed promptly! Here are some common problems:

Low Page Load Speed

To evaluate the speed of a website, tools like Google PageSpeed Insights, WebPageTest, Pingdom Speed Test, Uptrends, etc., can be used.

Scores range from 0 to 100, where 0-49 indicates relatively low speed, 50-89 indicates average speed that needs improvement, and 90-100 indicates excellent speed.

Slow page load speed affects user experience, conversion rates, customer retention, and SEO ranking.

Causes:

  • Large product catalogues and diverse products with various attributes.
  • Numerous high-resolution images.
  • Increasing data in customer information, marketing, content, product catalogue, sales, and operations.
  • Hosting quality and configuration issues.

Solutions:

  • Compress or resize images, choose efficient image formats (e.g., jpg or .webp instead of .png).
  • Utilize browser caching to reduce data load time, optimize the database by minimizing CSS, JavaScript, and HTML, and use tools like CDN/cache to reduce the time to retrieve large amounts of access data.
  • Choose hosting providers with suitable caching memory, and web server configurations (Apache/Nginx/PHP/MySQL…), and use CDN to save bandwidth.

Unprofessional Ecommerce Website Interface

Issues with graphic design, colour schemes, inconsistent images and fonts, lack of brand representation, and non-optimal website structure affect the professionalism of the interface.

Consequences:

  • Unattractive and unimpressive website interface.
  • Reduced professionalism in the eyes of customers leading to decreased customer return rates.
  • Decreased user experience, ineffective product search, suggestions, and quick purchase.

Causes:

  • Insufficient research on consumer behaviour during the website structure design.
  • Lack of expertise in evaluating the aesthetic appeal of the ecommerce website.

Solution:

  • Use tools like Google Consumer Surveys, Facebook Audience Insight, and Prisync for market research, customer research, and competitor price tracking.
  • Explore design trends such as Dark Mode, Gradient, 3D, and Lai Landing pages.
  • Collaborate with experienced interface design providers for an attractive and brand-aligned ecommerce website interface.

Suboptimal Product Categories

Poorly structured product categories and incomplete product information negatively impact the user experience.

Issues:

  • Lack of detailed and organized product categories.
  • Incomplete product information related to attributes, images, videos, inventory, pricing, promotions, etc.

Consequences:

  • Difficulty for customers to search for products.
  • Inability to suggest relevant products.
  • Prolonged decision-making time for customers, affecting sales.

Solutions:

  • Establish a layered category structure, apply filtering and sorting features, and supplement detailed information for each product.
  • Implement SEO campaigns for the ecommerce website, including keyword research, category content planning, proper robots.txt configuration, optimized website structure, and URL optimization for category pages.

Lack of Features to Enhance the Shopping Process

Websites should support customer search, and provide convenient and quick shopping processes.

Issues:

  • Lack of effective features for searching and suggesting suitable products.
  • Inefficient processes in cart addition, checkout, and payment.

Consequences:

  • Incomplete shopping experience for customers.
  • Slow and complicated purchasing processes lead to reduced conversion rates and revenue.

Causes:

  • Absence of a strategic plan for deploying features according to customer buying behaviour.
  • Suboptimal implementation by developers.

Solutions:

  • Develop a comprehensive strategy with costs and timelines for integrating features into the business model.
  • Collaborate with experienced solution providers to ensure successful integration.

Lack of Synchronization with Other Business Systems

Failure to link sales channels (social media, ecommerce platforms, ecommerce websites) with internal business systems like CRM, and ERP for synchronization can lead to misinformation and management difficulties.

Issues:

  • Inconsistent information across sales channels.
  • Challenges in managing customer, product, order, and store data.

Consequences:

  • Impacted online sales due to uncontrolled product/service data.
  • Lack of centralized data for reporting, analysis, business forecasting, and customer care activities.

Causes:

  • More critical issues in the current ecommerce website system.
  • Lack of a suitable strategy regarding costs and time for implementation.

Solution:

  • Devise a plan including costs, timelines, and testing methods for the integration of data synchronization functionality into the ecommerce website system.
  • Seek solution providers with experience, industry knowledge, and comprehensive services from consultation to development, maintenance, and optimization.
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Magento - The ultimate ecommerce platform for business
MAGENTO – THE ULTIMATE ECOMMERCE PLATFORM FOR BUSINESS

When deploying an ecommerce website, Magento is the top choice of platform that businesses are aiming for, including global giants like Nike, ASUS, HP, and Burger King, as well as leading Vietnamese enterprises such as Canifa, CellphoneS, Trung Nguyen, and CGV Vietnam.

With outstanding advantages ranging from a diverse ecosystem and flexible customisation capabilities to absolute security, Magento is considered the ‘ultimate boss’ among ecommerce website development platforms today.

So, what are the superior points of Magento?

A ecommerce platform functions from basic to advanced

Magento possesses all the features for a complete ecommerce website:

  • Category Management: Control all data and functions related to products, categories, attributes, pricing systems, inventory, images, and videos.
  • Content Management: Develop and optimise content for CMS pages (Content Management System), store images, customise themes, and website design.
  • Sales Management: Control and operate sales processes, orders, payments, and shipping.
  • Marketing Management: Support the building and implementation of marketing programmes with available support tools.
  • Customer Management: Manage and collect customer information to enhance the user experience.
  • Inventory Management: Continuously meet goods supply for the supply chain with inventory management tools and shipping route navigation.
  • Reporting: Exploit data through reporting features on the system to improve and enhance business efficiency.
  • Analysis: Support tracking and measuring system performance through integrated tools such as Google Analytics, Facebook Pixels, and Google Tag Manager.
Magento - The ultimate ecommerce platform for business-A ecommerce platform functions from basic to advanced
A ecommerce platform functions from basic to advanced

In addition to the basic features of a complete ecommerce website, Magento also owns a diverse system of extensions with many advanced functions in themes, products, marketing, optimal payment solutions, shipping, etc. to meet every operational need and ensure sustainable development of ecommerce for businesses.

When building an ecommerce website, Magento also supports businesses to integrate and link third-party services for efficient ecommerce website operation, such as:

  • Payment: Support all forms of payment, from COD, card payments, and e-wallets to online payment gateways, helping businesses diversify the payment experience for customers.
  • Shipping: Easily integrate with many shipping units and popular shipping tracking applications to optimise the shipping process for customers.
  • Management and operation software: Support the integration of back-office software such as ERP, CRM, POS, etc. to operate human resources more efficiently.
  • Business intelligence (BI) analysis tools: Support the integration of business analysis tools such as Power BI, Tableau, and Looker… to improve business strategies for enterprises.
  • Omnichannel: Unify all sales channels on the same Magento system to process and control data and seamlessly handle business processes from offline to online.

Furthermore, Magento also has a global technical support community, including many rich experts and professional developers to meet all the requirements of businesses.

High customisation and scalability

The Magento ecommerce website platform possesses all the advantages of open-source software with flexible customisation capabilities to operate the ecommerce website more effectively.

  • Customisation: Owning and controlling the entire source code makes it easy for businesses to customise code sections in the system, enabling them to build innovative and improved solutions according to the specific business characteristics of each enterprise.
  • Scalability: Magento allows businesses to expand from one website or store to many different websites or stores on the same system. Besides, Magento supports language and currency conversion, helping businesses expand their market to many countries.
Magento - The ultimate ecommerce platform for business-High customisation and scalability
High customisation and scalability

High security

High security is also a superior advantage of Magento compared to other ecommerce website platforms, helping businesses minimise potential risks from data systems and transaction processes on the system. 

Some outstanding points of Magento’s security features include:

  • Regularly control the system, propose security solutions, and improve website performance.
  • Enhanced security for administrators.
  • Advanced security for user accounts.
  • Ability to block unauthorised bots and codes.
Magento - The ultimate ecommerce platform for business-High security
High security

With the advantages of having all ecommerce website functions, from basic to advanced, high customisation capabilities, and high security, Magento is the top choice for businesses when deploying an ecommerce website system. However, issues related to costs, time, and the requirement for a highly specialised technical team make it challenging for many businesses to implement an ecommerce website system with Magento.

Contact SECOMM now for FREE CONSULTATION SUPPORT!

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20 Metrics To Measure Ecommerce Business
20 METRICS TO MEASURE ECOMMERCE BUSINESS

Frequent monitoring of metrics in business allows a deeper understanding of customers and quantifies important aspects of the business. Particularly in ecommerce (Electronic Commerce), measuring these indices is even more crucial as they assist businesses in assessing existing risks and opportunities in the market.

20 Metrics To Measure Ecommerce Business
20 Metrics To Measure Ecommerce Business

MEASURE ECOMMERCE: SALES

Gross Profit Ratio (GP)

Indicates how much profit is generated for every dollar of revenue.

Formula: Gross Profit Ratio (%) = Gross Profit / Revenue

Cost of Goods Sold (COGS)

The value of goods sold or consumed during a specific period.

Formula: Cost of Goods Sold = Beginning Inventory + Additional Purchases During the Period – Ending Inventory

Average Order Value (AOV)

The average amount a customer spends when shopping on an ecommerce website.

Formula: Average Order Value = Revenue / Number of Orders

Revenue Per Click (RPC)

Average revenue based on the conversion rate each time a customer visits an ecommerce website.

Formula: Revenue Per Click = Revenue / Number of Visits

Customer Lifetime Value (CLV)

The value a customer contributes to a company over their entire lifetime.

Formula: Customer Lifetime Value = (Transaction 1 + Transaction 2 + Transaction 3 + …Transaction n) x Average Profit Margin

Purchase Frequency

Indicates the average number of times a customer purchases within a specific period.

Formula: Purchase Frequency = Total Orders / Total Customers

Time Between Purchases (TBP)

Measures the time between consecutive purchases by a customer.

Formula: Time Between Purchases = Purchase Frequency / 365

Shopping Cart Abandonment Rate (CAR)

Measures the number of customers who added items to their cart but did not complete the purchase.

Formula: Cart Abandonment Rate = 1 – (Completed Transactions / Carts with Products) x 100

Cost of Acquiring Customer (CAC)

The cost associated with persuading consumers to purchase a company’s products or services.

Formula: Cost of Acquiring Customer = Total Cost / Number of New Customers

Repeat Purchase Rate (RPR)

Indicates the likelihood of customers returning to make a second or subsequent purchase.

Formula: Repeat Purchase Rate = Number of Repeat Purchases / Total Number of Purchases

MEASURE ECOMMERCE: MARKETING

Website Traffic

Refers to the total number of visits to an ecommerce website.

Traffic Source

Identifies the primary sources directing traffic to your website.

Time on Site (TOS)

Indicates the average time a visitor spends on the website.

Average Session Duration

The average time users spend in a single session.

Formula: Total Session Duration / Number of Sessions

Page per Visit

Measures the level of content engagement, indicating how deeply users explore information on the website.

Formula: Pages per Visit = Number of Pages Viewed / Visits

Bounce Rate

The percentage of single-page visits where visitors leave without clicking on any other content.

Formula: Bounce Rate = Total Bounces in a Period / Total Visits in that Period

Click Through Rate (CTR)

The rate at which customers view and click on a business’s advertisements.

Formula: Click Through Rate = Number of Clicks / Number of Impressions

Engagement Rate

Indicates the number of people who interacted with a company’s content through various ecommerce channels such as the business’s ecommerce website/app, ecommerce platforms, Facebook, Instagram, TikTok, etc.

Formula: Social Media Engagement = Number of Interactions / Number of Followers

Pay-Per-Click (PPC)

The Internet marketing model is where businesses pay a fee each time their ads are clicked.

Formula: Pay-Per-Click Cost = Advertising Cost / Number of Clicks

Conversion Rate (CR)

Measures the ratio of potential customers who become actual customers by making a purchase.

Formula: Conversion Rate = Number of Conversions / Total Ad Interactions

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Top 10 ecommerce trends in building ecommerce websites
TOP 10 ECOMMERCE TRENDS IN BUILDING ECOMMERCE WEBSITES

Branding plays a crucial role for businesses, especially in the e-commerce market. An effectively built brand in the e-commerce market helps customers recognize and favor the brand, leading to a tendency to shop on e-commerce websites and become loyal customers in the long run. Building a brand on an e-commerce website is the key to sustainable growth for businesses in this market.

Here are 10 prominent trends in building brands on e-commerce websites applied during the current ‘new normal’ era!

Ecommerce Trend: Unique Style

One of the most important tasks for any business during development is to establish a unique style for the brand, especially on e-commerce websites. …Creating an impression in the consumer’s mind helps customers distinguish the brand’s products from competitors. Simultaneously, establishing a unique style creates consistency across all products/services that the e-commerce website provides.

Mobile World Investment Corporation (MWG) has designed a logo and layout with characteristic imagery and uniformity across all e-commerce websites of its brand chain, such as The Gioi Di Dong, Dien May Xanh, Bach Hoa Xanh, Nha Thuoc An Khang. This helps customers of one of the four brands to recall the other brands within MWG.

Ecommerce Trend: Brand Storytelling

Brand storytelling is a method to attract customer attention to a brand through the brand’s origin story and promoting the brand’s mission and vision. Sharing brand stories on e-commerce websites helps businesses create a connection to customers’ awareness.

With the goal of creating a brand image through storytelling, the ‘Coolmate Story’ section on the e-commerce website is built based on its name ‘Coolmate,’ with ‘cool’ symbolizing the cool, dynamic appearance of men and ‘mate’ symbolizing the brand’s mission – to be a companion in men’s fashion. Building a story about a fashion brand for men has made Coolmate’s e-commerce website a popular online shopping destination for young male customers in Vietnam.

Ecommerce Trend: Proudly Vietnamese Brand

The trend of building a “made-in” Vietnam brand is not unfamiliar to customers, from supermarkets with the motto “Vietnamese people use Vietnamese products” to the branding method of “Proudly Vietnamese Brand” appearing on e-commerce websites of Vietnamese brands such as Vinfast, Gumac, Highlands Coffee, etc. … Eliciting pride in the Vietnamese nation and calling for support from customers.

The branding strategies of Biti’s, especially for the Biti’s Hunter product line, are always closely associated with the “made-in-Vietnam” message. When launching the online store https://bitis.com.vn, Bitis also subtly incorporates national elements into every corner of the website, such as images, product information, banners, and blog posts.

Ecommerce Trend: Social Responsibility

Brand positioning associated with community benefits, such as supporting charities, donations, non-profit sales, or becoming a brand that encourages support… Building a brand through charitable activities helps enhance the company’s image in the eyes of consumers, promoting online shopping support on the brand’s e-commerce website.

Vinamilk is always a pioneer in social responsibility activities. Vinamilk has established several community funds to support activities to improve nutritional knowledge, healthcare, and improve clean living environments for surrounding communities, such as the School Milk Program (since 2006), the Vietnam Tall Milk Fund, the 1 Million Green Trees Fund for Vietnam. These messages are consistently conveyed on the company’s website.

Ecommerce Trend: Eco-Friendly

By designing the brand or product lines displayed on e-commerce websites in line with the environmental protection trend, brands can increase public and potential customer sentiment.

Cocoon, a cosmetics brand from Vietnam, has successfully built the “Eco-Friendly” brand image on the current e-commerce market. The “Eco-Friendly” element of Cocoon is immediately shown in the website’s title tag as 100% vegetarian cosmetics. The content on the website consistently emphasizes the brand’s direction of environmentally friendly cosmetics, sourced from natural ingredients, not tested on animals, and certified by international organizations. Thanks to this, Cocoon has successfully positioned the “Eco-Friendly” brand in the hearts of Vietnamese beauty and nature lovers.

Ecommerce Trend: Survival Change

This is a new trend that helps brands maintain their values but adapt their business direction to fit the new normal period, such as:

F&B shifting to cloud kitchens, Travel companies offering touchless and virtual tours…

Changing business models have breathed new life into brands, creating a transformation for the brand. This stimulates curiosity about the brand’s changes among customers.

National Geographic – U.S. National Geographic Society has developed a virtual tour of Vietnam’s Son Doong Cave on its website, combining augmented reality (AR) virtual reality (VR) technology. This achievement not only contributes to the attractiveness of Son Doong Cave but also enhances the brand position for National Geographic, becoming a case study for many famous travel websites about virtual tours.

Ecommerce Trend: Focus on Product Quality

Consumers today are becoming more discerning and will not easily accept low-quality products on the e-commerce market.

Building a brand that focuses on a few high-quality products on the e-commerce website can make customers loyal to the brand and enhance the brand’s reputation.

3 Sach Food, a brand that focuses on providing clean, chemical-free, non-stimulant, and preservative-free products, has successfully attracted a group of customers interested in the quality of food. Thanks to the focus on product quality, 3 Sach Food has successfully attracted the attention of customers interested in food quality.

Ecommerce Trend: Viral Content

Content contributes to developing the relationship between the brand and customers.

Building content with the potential to spread among customer groups will help the brand establish a faster image in the eyes of consumers.

With the goal of building viral content, CellphoneS focuses on updating dramas, hot news, reaction videos, etc., to attract the attention of the youth on the blog website and cleverly embeds technology products, encouraging shopping activities.

Ecommerce Trend: Speak the Customer’s Language

To connect emotionally with customers, businesses need to speak their language.

Responding to customers in the language they use for communication will help them react more quickly to brand marketing campaigns and contribute to leaving a more positive impression after brand-building efforts.

Durex, dubbed the ‘content saint’ in the marketing world, always impresses people with its ability to creatively create content using customer language even on the e-commerce website. Applying customer language not only helps the brand increase sales growth but also becomes a companion in every ‘love affair’ of customers.

Ecommerce Trend: User Experience Enhancement

Brand positioning through digital brand experiences, integrating automation, AI, and virtual reality VR, is considered a new trend for ecommerce businesses. Increasing touchpoints for the brand on e-commerce websites through enhancing the customer experience.

Fitin provides a completely new furniture shopping solution for customers on the e-commerce website and mobile app by integrating 3D technology: VR, AR, Homestyler. Thanks to this, customers not only experience new, professional shopping but also contribute to affirming the position of the Fitin brand in the furniture industry in the eyes of consumers.

Doing ecommerce business in Vietnam is undoubtedly a long-term game for any business entering this market. To develop sustainably, building a brand on e-commerce websites is a prerequisite that cannot be ignored. However, building a brand on eCommerce websites is still a relatively new story for many businesses in Vietnam.

To inquire about free consultation on eCommerce solutions, please contact SECOMM for expert advice.

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Comprehensive Journey To Building Ecommerce Website
COMPREHENSIVE JOURNEY TO BUILDING ECOMMERCE WEBSITE

As consumer shopping trends shift from offline to online, owning an ecommerce website (EC) is almost a prerequisite for successful business operations. Despite its importance, many businesses are still unsure where to start to build an effective EC website.

Here is a step-by-step journey to building an EC website from basic to advanced for businesses to refer to!

PHASE 1: BUILDING A BASIC ECOMMERCE WEBSITE

When entering the ecommerce market, businesses often build a basic-level ecommerce website to minimize time and budget for website development and gradually adapt to market changes.

Comprehensive Journey To Building Ecommerce Website-Build a basic ecommerce website
Build a basic ecommerce website

Choose a platform to build the website

Businesses can use free website-building tools with ready-made interfaces and features to create a website through simple drag-and-drop operations, without investing too much time and budget in website development and programming. Some popular platforms include Sapo, Haravan, Nhanh.web.

Advantages

  • Various ready-made interfaces suitable for different industries and sectors.
  • Basic features provided, such as managing product data, prices, images/videos, sales tracking, payment, shipping, marketing, customer management, inventory management, and reporting/analysis.
  • Diverse payment methods: COD, card payment, e-wallet.
  • Integration with common shipping services: GHN, GHTK, Ninja Van.

Reasonable initial deployment costs with a contract based on usage time.

Disadvantages

  • Additional costs may be incurred to use extensions or develop new features for the system.
  • Limited customization capability, making it challenging to create a unique brand identity.
  • Low flexibility: Difficulty integrating with third-party systems or CRM, ERP, BI…

Design the interface and build functional systems on the chosen platform

Businesses use ready-made templates on the platform and customize them to fit the brand image, industry, and consumer preferences. The chosen platforms offer basic features, and businesses only need to select suitable functions and set them up on the website.

Provide payment and shipping services

  • During the ecommerce website development process, businesses need to work with service providers to offer payment and shipping services.
  • Common online payment gateways in Vietnam include Paypal, Ngan Luong, VNPay, Airpay, and e-wallets like Momo, ZaloPay.
  • Reputable shipping providers in Vietnam include Giao Hang Tiet Kiem, Giao Hang Nhanh, VNPost, ViettelPost.

Complete legal procedures with the Ministry of Industry and Trade

According to Government Decree 52/2013/ND-CP, individuals or organizations that own ecommerce websites for selling goods must notify or register with the Ministry of Industry and Trade on the Ecommerce Management Information Portal.

PHASE 2: TRANSITION TO A SPECIALIZED ECOMMERCE WEBSITE PLATFORM

After using a basic ecommerce website for some time, businesses gradually realize the need to develop an independent, in-depth, and uniquely designed ecommerce website to promote a sustainable ecommerce journey.

Developing a specialized ecommerce website requires both experience and substantial investment in costs and time. However, this is a cost-effective solution for long-term business plans and a suitable transition for a separate and comprehensive ecommerce system.

Comprehensive Journey To Building Ecommerce Website-Convert to a specialized ecommerce website platform
Convert to a specialized ecommerce website platform

Choose a platform to build the website

At this stage, businesses can choose specialized e-commerce platforms like WooCommerce, BigCommerce, Magento, which are scalable and customizable to maximize the requirements of:

  • Open-source e-commerce platforms allow flexible customization according to needs.
  • Support customization of the interface to match the brand’s unique style.
  • Own a diverse range of functions from basic to advanced.
  • Easily integrate with popular shipping and payment providers.
  • Manage multiple systems such as CRM, ERP, BI on one screen.
  • Easily develop specialized e-commerce functions, especially features related to industry-specific characteristics, brand development, and optimizing customer experience.
  • Actively update and quickly develop new features and technologies.
  • Flexible and easy integration with in-house systems and third-party systems such as payment, shipping, ecommerce platforms, CRM, ERP, BI…

However, implementing a specialized e-commerce website may face some difficulties:

  • High costs and prolonged deployment time.
  • Require a skilled and experienced IT team for effective implementation.

Select a website development service provider

When building an ecommerce website on specialized platforms, as it requires time, costs, and high expertise, businesses often collaborate with service providers for ecommerce website development. Afterward, businesses can build an in-house team or continue working with the provider to maintain website operations.

Some service providers for deploying specialized ecommerce systems include SECOMM, SmartOSC, Co-well Asia, Isobar, Magenest.

Develop the ecommerce website

During project deployment based on the agreed solution with the development provider, all factors related to the quality and effectiveness of the website need to be optimized and tested before handover. Especially crucial functions include:

  • Category Management: Control data, functions, attributes, prices, inventory, images, and videos of products.
  • Content Management: Develop and optimize content for CMS pages, store images, customize themes, and website design.
  • Sales Management: Control and operate sales processes, orders, payments, and shipping.
  • Marketing Management: Support building and implementing marketing programs using tools like Omni-channel Marketing, Auto Mail.
  • Customer Management: Manage and collect customer information for personalized user experiences.
  • Inventory Management: Ensure a continuous supply of goods through inventory management tools and shipping direction.
  • Reporting & Analysis: Exploit data and measure performance on Google Analytics, Facebook Pixels, Google Tag Manager.

Operate and maintain the ecommerce website

To maintain seamless online-to-offline business operations, the website needs continuous maintenance, care, and updates.

  • System Maintenance: Control and monitor all resources on the system to optimize performance.
  • Hosting: Web App system, server management, and 24/7 monitoring.
  • Cloud: Enhance accessibility and data storage across the entire website system.

Grow the ecommerce website

Implement activities to increase sales operations on the website and stimulate online sales.

  • Omni-channel: Set up a sales system, marketing, and data management on the ecommerce website, social networks (Facebook, Instagram, TikTok, Zalo…) and e-commerce platforms (Shopee, Tiki, Lazada…).
  • E-commerce Marketing: Analyze and plan comprehensive marketing based on core channels (Content Marketing, Social Marketing, Email Marketing, SEM…).
  • SEO: Analyze and optimize website structure, and research specific keywords to build a long-term SEO strategy.

The journey from building a basic to an advanced ecommerce website helps businesses adapt to market changes over time.

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Should your business build its own ecommerce website
SHOULD YOUR BUSINESS BUILD ITS OWN ECOMMERCE WEBSITE?

Ecommerce website has been a companion for businesses facing COVID-19 challenges in 2020-2021. Efficient utilization of ecommerce (EC) not only helps businesses adapt to changing user and market dynamics but also enables them to seize opportunities and excel in the fiercely competitive landscape. Some successful standalone EC websites include thegioididong.com, bachhoaxanh.com, and fptshop.com.vn.

What is the formula for the success of these businesses?

This success hinges on the ability to have a broad vision and a strategic approach at the management level. Building a dedicated EC website is not just about establishing offline stores; it involves developing and optimizing an EC system that aligns with the business, brand, and users. Building a successful brand website offers various benefits, from brand positioning, cost savings, maximizing revenue to owning all data and controlling the game.

Brand Positioning

A dedicated EC website serves as a medium to convey the brand image and connects businesses with customers in the online market. By owning a dedicated EC website, businesses can easily convey messages, establish specialized marketing campaigns, provide accurate information, and promote the brand to get closer to customers.

Should your business build its own ecommerce website-Ecommerce websites support businesses in brand positioning
Ecommerce websites support businesses in brand positioning

Maximizing Revenue

Operating on a website, businesses are not limited by time and space. Business transactions can occur 24/7, regardless of location. Actively updating and upgrading the system’s features based on user characteristics, business needs, and industry specifics ensures an optimal user experience and facilitates a more convenient and faster purchasing process.

Should your business build its own ecommerce website-Ecommerce websites help businesses maximize revenue
Ecommerce websites help businesses maximize revenue

Minimizing Costs

In addition to enabling direct access and sales to customers, eliminating intermediary costs, establishing an online store (brand.com) is an optimal solution for minimizing various expenses such as rent, personnel, and equipment. Moreover, the automated business process with E-Payment, E-Logistic, E-Invoice functions on the website helps save costs related to personnel and paperwork.

Should your business build its own ecommerce website-Ecommerce websites help businesses minimize costs
Ecommerce websites help businesses minimize costs

Data Ownership and Control

Building a dedicated EC website means owning a unique “playing field,” reducing dependence on data from EC platforms, social media, or other business systems. With this data, businesses can conduct in-depth data analysis, make business predictions, and develop appropriate directions for the business.

Should your business build its own ecommerce website-Ecommerce websites help businesses build their own playground and control data
Ecommerce websites help businesses build their own playground and control data

With these superior benefits of deploying a standalone EC website, many businesses have quickly embarked on building an online store for their brand. However, to truly own a successful website that meets specific requirements, similar to Vinamilk, Thế giới di động, Canifa, businesses need a suitable strategy and significant time and investment.

How to build anecommerce website tailored to your business?

With extensive experience in building numerous standalone ecommerce websites for businesses across various sectors, SECOMM fully understands the challenges encountered during the e-commerce deployment process that businesses are facing.

Contact SECOMM to receive consultation on building your own ecommerce website!

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