Shopify marketing strategies aren't simple to develop by any means, but with a little nudge towards the right tactics and tools you can get on the right track significantly faster.
And luckily for you, that's exactly what we'll help you do in this post.
We'll discuss what's involved in a profit-generating Shopify marketing strategy, and then get into the specifics about some of the tactics you should implement in your own approach.
What’s the First Step in a Shopify Marketing Strategy?
As you probably know, a marketing strategy is critical to pretty much every business.
But when it comes to creating those strategies, there's one question we get asked more than any other:
"Where do you even start?"
Before you get into the thick of it, any marketing strategy worth its salt starts with a strong foundation.
This foundation should consist of careful planning, market research, and goalposts that push you towards your objectives at top speed.
Remember, the point of a foundation is so the structure on top can stand strong.
Rush the foundation of your Shopify strategy, though, and your store might have trouble withstanding changes to the market.
So let's talk about how to build that foundation the right way.
How to Build The Foundation For A Strong Shopify Marketing Strategy
Before you can branch outwards, you’ll need to decide on one thing:
What is your business?
That might seem like a strange question, but it’s an essential one because everything that comes afterward rides on it. In fact, to answer the question, it’d be easier to break it down into a few parts:
- What do you sell?
- What’s your unique selling point? How does it differ from the competition?
- What’s your brand message?
- What values does your business stand for?
Here’s a quick example of how a merchant could effectively answer these questions:
Luxury watches and jewelry designed primarily for men.
- What’s your unique selling point? How does it differ from the competition?
Our watches are domestically-made while still maintaining extra affordable prices. We make them even more accessible by offering financing plans on all merchandise.
- What’s your brand message?
No one should have to settle for low-quality just because they don’t have a large budget.
- What values does your business stand for?
Customer satisfaction comes first. We strive to ensure every customer walks away with an excellent experience.
With a simple set of answers like this, we have everything we need to inform our approach going forward.
And if you've been following along, it's time for you to answer those questions for your store. Once you've done that it’s time to define the next part of the plan.
Define Your Key Metrics (or KPIs)
Shopify Marketing is a complex beast, and as such, the immediate goal isn’t always “more sales.” In fact, much of the time you'll want to stray away from coming across as too "salesy."
Email signup forms are a great example of this. While the end result might be a sale, the first step towards that is just an email from a potential customer.
So, if emails were a cornerstone of your marketing strategy, you'd want to include "number of email signups" in your list of goals to strive towards. The metrics we use to measure progress towards those goals are called "Key Performance Indicators," or KPIs for short.
During this step, it’s your job to determine which metrics and goals are essential to your business’ success.
As you track your KPIs, you’ll start to have a much better idea of whether your business is moving in the right direction.
As we just mentioned, email subscriber signups are an integral piece of ecommerce marketing. And as such, they're an example of a great KPI for practically every online business.We’ll get more into the specifics of email marketing later though.
If you want to get a store ranked on Google and rake in organic traffic, monthly visitors are likely to be another vital KPI to track.
Then there are the all-important stats like revenue, gross profit, etc.After you've defined your KPIs, it's time for the next step:Learning from the competition