Benefits of Selling from Your Own Website
Selling products or services from your own website can offer numerous benefits for businesses and individuals. From providing greater control over the sales process to building brand loyalty and scaling your business. As well as providing greater profit margins. In this post, we share the benefits of selling from your own website and how this can positively serve your business now and in the future.
Third Party Sales Channels
There are various types of e-commerce transactions, with one of the most common being Business to consumer (B2C). However, this can also encompass sales through online retailers such as Amazon. Who takes a percentage of sales from business owners in exchange for marketing their products. Other types of e-commerce that benefit from third-party services are consumer-to-consumer services (C2C). Online platforms facilitate these transactions, providing a space for individuals to buy and sell items from each other. Examples include platforms like eBay or Etsy.
Although these are simple to set up yourself and provide the safety net of a larger entity that handles all of the technical aspects. There are far greater benefits to be found from selling from your own website. Although there are many e-commerce providers out there, we recommend arranging a discussion with an experienced developer who can assess your requirements and advise on the best content management system (CMS) to suit your business needs.
Let’s take a look at how selling from your own website could benefit your long-term business goals.
Should I Sell Through My Own Website?
With careful planning and execution, a well-designed website can be a powerful tool for driving business growth and success. We offer a range of e-commerce-specific services, from web development to e-commerce managed hosting for Magento and Woocommerce websites.
Here are some key advantages to consider when deciding whether adding e-commerce capabilities to your existing WordPress website (or setting up a dedicated e-commerce store) is right for you:
When you sell through your own website, you have full control over the entire sales process. You can customize your website’s design, user experience, and branding according to your preferences, creating a unique and consistent online presence. An experienced e-commerce developer will be able to support you in bringing your vision to life and establishing a successful customer journey that converts.
Direct customer relationship
Selling from your website allows you to establish a direct relationship with your customers. You have access to customer data, such as email addresses and purchasing habits, which enables you to engage with them directly, personalize marketing efforts, and build long-term customer loyalty. While utilising email marketing can support your business further through tools such as abandoned cart reminders
Greater profit margins
By selling through your own website, you can eliminate or minimize the fees and commissions associated with third-party marketplaces or online platforms. This means you retain a larger portion of your sales revenue, resulting in improved profit margins. Yes, your website design will have an initial investment to get things up and running. But once the initial outlay your profits will be 100% your own going forward.
Flexibility in pricing and promotions
Having your own website enables you to set prices and run promotions without restrictions imposed by external platforms. You can experiment with different pricing strategies, offer discounts, create bundles, and implement loyalty programs, providing greater flexibility to attract and retain customers.
Brand building and credibility
Your website serves as a digital storefront and a platform to showcase your brand identity. It allows you to create a cohesive brand experience, communicate your unique value proposition, and build credibility and trust with your audience. A well-designed and professional website enhances your brand image and positions you as a reputable business. Magento is the most commonly used e-commerce software across the globe, trusted by the world’s leading brands. Offering by far the greatest expansion potential and largest degree of flexibility over any other platform on the market. As a leading Magento developer in the UK, our team at Primal Space are well placed to support you with your website build.
Data ownership and insights
Selling through your website gives you complete ownership and control over the customer data generated by your sales. This data is invaluable for understanding customer behaviour, preferences, and trends. With the right analytics tools, you can gather insights to optimize your marketing strategies, improve customer targeting, and make data-driven business decisions.
Scalability and expansion opportunities
Your own website provides the flexibility to scale your business and expand into new markets or product lines. You can easily add or update products, integrate with various payment gateways, and leverage search engine optimisation (SEO) techniques to increase your website’s visibility and attract a broader customer base.
Integration with other tools and systems
When selling from your own website, you can seamlessly integrate with various third-party tools and systems, such as inventory management, customer relationship management (CRM), or email marketing platforms. This integration streamlines your operations, automates processes, and enhances overall efficiency.
Enhanced customer experience
With a dedicated website, you have more control over the user experience. You can design intuitive navigation, provide detailed product information, offer multiple payment options, and implement live chat or customer support features. These elements contribute to a seamless and satisfying shopping experience, increasing customer satisfaction and potentially leading to repeat business.
Building and maintaining your own website creates a long-term asset for your business. Unlike social media accounts or third-party platforms that can change their policies or algorithms, your website remains under your control. Over time, your website can accumulate search engine authority and become a valuable asset that consistently drives traffic and sales.
Benefits of Selling Directly to Your Customers
As we’ve established there are many benefits to selling through your own e-commerce website. Whether that be increasing your profit margins as a business, enhancing your overall customer experience or creating scalability and expansion opportunities to name a few. The pros far outweigh the cons.
If you’re ready to take the next step then why not share your requirements with our team of e-commerce developers. We’d be delighted to support you in this next step of your journey and guide you on the best e-commerce platform to support your business needs and accelerate your online growth.
Or if you’d like to dig a little deeper into the world of e-commerce then be sure to review the support guides within our blog to provide additional tools and guidance.