How does Leelinesourcing Turn Your E-commerce Businesses into a Profit Engine?
International outsourcing is as hot as marketing outsourcing.
Your ecommerce stores (online stores) are a lifeblood of your organization and you want the profit engine humming to support your business goals.
Marketing is significantly important, especially for a new business, because it promotes the existence of the new business to the marketplace. Marketing a new sourcing business to overseas customers is challenging.†
Like outsourcing marketing services you can outsource many of your company’s functions.
You started your ecommerce business and your online business is ready to sell products and increase your online transactions. Your product pages are getting web traffic the shopping online experience is great, users love it. Sales start pouring in. More than you thought.
When you created your business model, you passed on traditional marketing, the brick and mortar stores, but never thought your micro-brand would take off. Now you have sourcing and delivery problem ó ecommerce logistic problem.Global market size of outsourced services in 2018 was 85.6 billion U.S. dollars. Click To Tweet
Do you want to know how to market a sourcing related e-commerce program?
If so, this article will explore this topic using Leelinesourcing as a case study of a B2B China-based sourcing platform.
We will break down it down from its foundation and marketing efforts to the results. Our experiences should provide some useful tips and give you some insights into starting an e-commerce program.
Letís get started.
What is International Outsourcing?
The practice of having certain job functions done outside a company instead of having an in-house department or employee handle them; functions can be outsourced to either a company or an individual.
International outsourcing is a practice usually undertaken by companies as a cost-cutting measure. As such, it can affect a wide range of jobs, ranging from customer support to manufacturing to the back office tasks.
1. Why Did We Start Leelinesourcing?
Leelinesourcing was born in 2017 when our founder saw an opportunity within the Chinese sourcing market.
The research was conducted to verify the concept; we conducted market research, evaluated demand and looked at sourcing needs for small-and-medium-sized businesses internationally, especially the ones who wanted to source from China.†
We saw the e-commerce industry was booming and could see that there was a huge opportunity particularly driven by the e-commerce giant Ė Amazon.
Millions of Amazon startups are likely to source from China. Chinese production can meet their sales demands and deliver huge profit margins because the cost of labor and raw materials is low. The market environment is good.
The advantage of our program is that there is a surging international demand for Chinese goods. This demand is underpinned by a booming manufacturing industry caused by the recent policy of reform and opening up.59% of international businesses outsource to reduce or control costs.- Deloitte Click To Tweet
The disadvantage lies in the competition. We are not the first company to try to capitalize on the Chinese sourcing market.
There are established sourcing companies in China that already have loyal customers and relatively mature sourcing business. While there are other players in the market, their service is not so good, and the market demand is greater than they can supply.†
These are the key points from our study of the market and our competitors. In summary, there is still some room for us in the market to launch and expand our business.
Sharline Shaw, the founder of our program, is an expert in sourcing. She has a decade of sourcing experience, understands customer needs and knows how to find the right products.
Taking both the internal and external factors into account, we decided to move to the next stage, and make our business idea come true.
Our idea delivered success; we entered the market by capitalizing on a need and offering a better sourcing service than our competitors. Our business plan ensures everything is on the right track.
2. Whatís the Major Aim of International Sourcing Leelinesourcing?
Whatís the aim of Leelinesourcing? Our founder explained that it should be providing a professional service for an increasing number of customers.
Through the service we offer, we would like to encourage more customers to benefit from this developing market supply.
We designed the service scope to meet the exact needs of our potential customers. We created a one-stop sourcing service which includes inspection, Fulfillment by Amazon (FBA) prep-service, and FBA shipping service.††
Apart from defining our service scope, we built our ecommerce website to showcase our services, worked out processes, and gained knowledge of the relevant regulations to ensure smooth cooperation with our customers.
3. What Did We Do to Increase Our Sales with and International Outsourcing?
As we all know, the sales for e-commerce programs are delivered by traffic, conversion rate, unit price, and the repeat purchases from loyal customers. These are the key factors impacting your sales and business. We have to focus on them to figure out the best way to get traffic that results in conversions.†
These factors are what can be influenced to achieve our goal to offer a professional sourcing service for more people. They are the cornerstone of a successful e-commerce program.†
As a result, we started to work on these key factors to boost our sales. We adopted various measures to drive traffic to our website, boost conversion, increase the unit price, and improve the repetitive purchase rate.
Over the last two years, we have consistently focused on these factors in our strategy, and we will continue to do so to strive for more sales.
Drive More Web Traffic
We created our website, but we have to drive traffic to it. As a new business, this is a big job, but we created a plan to drive traffic and improve the websiteís credibility among customers.
SEO and Design
From the beginning of your website redesign, we optimized for Google SEO. We created an appealing website to attract our customers and utilized stunning images to present ourselves well.†
Itís important to back up the page text with quality images as these convey meaning too. Keep a simple, clear and beautiful website with logical organization, and it leaves an excellent impression among customers and viewers.
Content and Engagement
We included quality content that is helpful and specifically written for the needs of our target customers. We have professional bloggers to write blogs that relate to our industry and our customers.
These blogs include global sourcing strategies, sourcing tips for Amazon sellers and shipping tips for importers. We try to provide everything that may interest our target customers.
We identify possible topics that our customers would want to read about and via our blog; we share solutions to their problems and insightful ideas. According to research, 60% of businesses with documented content marketing benefit from quality content.
7 Website Optimization Mistakes that Kill Lead Conversions
Are you making these mistakes with your website optimization? Are these mistakes limiting your website conversions to leads?
In our blogs, we use compelling headlines and beautiful pictures to draw customersí attention. We update our blogs regularly and post to Facebook to keep our subscribers informed.
Our Facebook followers can read our blogs and engage with us via comments. Our blogs provide useful and informative content underpinning our brand position as a professional sourcing service.
Partnerships and International Outsourcing
We also employ a marketer to do outreach marketing. He finds relevant parties to cooperate with to expand our influence and increase our credibility in the sourcing field.
We send emails to our partners to increase traffic and make sure our content has a better reach. We follow up to understand if these partners would like to initiate a long-term partnership and be represented on our partner page. This is a great way to expand our program, increase our rankings on Google, and win more sales and conversions.
Customer Feedback and Reviews
Customer feedback is another tactic we utilize to increase our credibility. Feedback is the social proof our website viewers look for. They trust user-generated content and start a partnership because it exists.
We list our customersí feedback and reviews on our website to present our service as it gives potential buyers the confidence to work with us.
Customers like to share their experience with our service, and this provides insight and help for potential customers, plus itís a great way to gain customersí trust.
Metrics, Analytics, and Analysis
We use tools to monitor our website performance. Daily we use tools such as Google Analytics to check our traffic, conversions, and subscribers. We analyze this data to look for insights to help us define improvements to our marketing tactics.
Google Analytics and other similar tools are helpful to record all the data related to our sales performance. Analysis of this data helps us figure out the best way to improve our website performance and our marketing activities.
We look at our website traffic, conversion rate leads inquiries and the sales of a given period.†
Goals and International Outsourcing
We set a monthly goal and track against this using the data analysis to determine success. Did we reach our monthly goal or not?
Itís important to spend time looking at the tracking so we can make sure everything about our marketing is on track for our goal.
We advertise our business to increase traffic. We create ad campaigns on Google to try to increase our rankings and drive traffic to our website.
Advertising is another tool to drive traffic and boost our sales. We have advertised on Google, and our campaign provided us with more traffic and clicks through to our website than usual. Targeted advertising is an easy way for us to reach the right customers.
This section is about how to boost conversion. Increasing your conversion rate is one of the key targets to achieve huge profit margin.
We optimized our website design and utilized A/B testing to reach our goal.
Optimization of our websiteís design was an important first step. Your website structure matters to your conversion rate because it delivers your customersí shopping experience.
We designed our website in a clear, simple and logical way to provide an optimum conversion process. Try to make yours clear and easy for the customer to understand. Make it easy for your customers to buy.
Testing and International Outsourcing
It can be hard to decide what is right, but an A/B test will help you to figure out what works and what doesnít.
Let the customer/audience decide which one they would prefer. The result of this comparison test will help you make the right decision. Testing will help you minimize the risk in decision making when making changes in your marketing.
As an example, you have two possible headlines for your page, and you want to figure out what works and what doesnít.
This choice is not something you can determine by yourself, but an A/B test can determine which will create higher conversion over the same period. Test both ideas, look at the performance data and analyze each of the two headlines performance to get your answer.
Increase Unit Price
Unit price is another key factor that matters to your conversion rate. As we know, price plays a significant role in peopleís buying decisions. Comparing to our competitors, we tried to increase our unit price and optimize our service.
Instead of providing a basic sourcing service, we decided to offer value-added services such as FBA Prep service and quality inspection service for sellers.
These services are optional, and customers can choose according to their requirements but, by including these, we have ensured that the price is worthy of the service.
Increase Repetitive Purchase Rate
Letís talk about the repeat purchase rate. Loyal customers place repeat purchases. We maintain excellent relations with previous customers and contact them regularly.
Regular contact is one of the keys to maintaining our relationship with our customer. We send updates, follow up on their sales, and forecast their sourcing needs based on their business performance.
We focus on their business so that if they have future sourcing needs from China, they would gladly contact us for help again.
We update our website regularly with relevant blogs, news, etc. Maintaining our blogs and providing targeted updates keeps us at the front of mind and maintains our relevance to their business.
Posting to social platforms provides an opportunity for ongoing engagement, entwining us in their day-to-day business practice.
We make sure our posts are relevant and offer insightful ideas about their business and our service. We aim to make these updates something our customers donít want to miss.
4. What have we achieved with international outsourcing so far?
Our consistent marketing efforts have paid off. The performance of our website is much better than in the beginning period.
Each measure has reached the goals we set, and we have gained status in the sourcing market.
Wrap Up on International Outsourcing
The above is just about the growth of Leelinesourcing. Over the past two years, it has successfully advanced into the sourcing market in China and gained a good reputation among its customers.
We still face challenges, but we have the confidence and experience to overcome them and continue to grow market presence.
We hope you can find useful tips to incorporate in your business through the experience we have listed above.
Thanks for reading!
Sharline Shaw, the founder of a leelinesourcing.com, is an expert on Chinese export trade. With 10 years of experience in the field of sourcing in China, she is familiar with all relevant regulations and laws about China’s exporting. She’d love to share her experience with people and has written many helpful articles.