6 Powerful Ways to Skyrocket Your Sales for More Profit

Selling a product in the market isn’t easy. Especially when you have hundreds of competitors selling the same product or service as you are. Many marketers think that attracting new leads is the best way to get their products sold.

However, in reality, identifying the people who would want to buy your products can be more effective than randomly trying to sell it to anyone you can get hold of. But even if you know who your target audience is, it might sometimes be challenging to see your sales graph take an upward curve.

If you have been facing the same situation, you’re not alone. We all have faced it at some point or the other. So to help you get out of this situation, I have come up with 6 powerful and effective ways that can help you skyrocket your sales for more profit.

So let’s find out what they are and how to use them effectively for your business.

1. Add Social Proof to Validate Your Business

Most buying processes start with research and people are more inclined to buy your products and services if they see ratings and positive reviews on them. So make sure you have this on your website. These ratings and reviews are like testimonials and act as social proof for your business to make a positive impact on your users.

People tend to believe in these testimonials much more than they believe in paid ads and promotional content. In fact, 91% of millennials trust reviews as much as they trust recommendations from friends and family. So when they see these reviews and ratings, they happily take action by making a purchase on your site. 

However, ratings and reviews are not the only social proof that you can use. There are several other ways of letting your users know about the positive experience people are having with your products or services.

For example, you can encourage your users to post user-generated content on your website by adding pictures of them using your products or services. 

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This has a two-way benefit. First, it will act as social proof for your business. Second, by seeing the real image of the product, your new users will get to know what exactly to expect when it arrives at their doorstep.

To let more customers post such content on your website, you can offer them reward points for each of these reviews. Allow them to redeem the points when they make their next purchase. This will create excitement amongst your users, and they’ll happily add their pictures to your site.

2. Use FOMO in Your Marketing Strategy

Another very effective way of making a sale is to use FOMO (Fear of Missing Out) in your marketing strategy. FOMO is a psychological phenomenon that triggers anxiousness in most human beings at the thought of missing out on a good opportunity. 

The effect of FOMO can be most seen in millennials (age group between 23-38 years). Reports show that nearly 7 in 10 (69%) of millennials experience FOMO and end up making a purchase.

Marketers have repeatedly taken advantage of this phenomenon to boost their sales, and you can do it too.

A good example of creating FOMO in your website is by running a limited period sale. Just add a countdown timer to show that the sale is running out. This will create urgency, and people will hurriedly buy your products before they are sold off. 

Another way of creating FOMO is to display your limited stock availability. 

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This is a great way of creating urgency to boost your sales. When people know that the product stock is running out, they do their best to get it while they can. 

3. Increase Visibility on Social Media

2021 is the age of social media. According to sources, in 2020 alone, there were 3.96 billion social media users worldwide. And 43% of these people use it for their pre-purchase research. 

So imagine the impact you can make if you’re visible to even 1% of these users. But how do you do that? 

Well, the best answer is - by being active on social media. It’s not enough to simply create a page and leave it unattended if you want to make the best out of this marketing platform.

You have to be actively involved with your followers so that your visibility increases and you achieve a strong brand presence. You can do that by engaging with your audience. Like your follower’s posts, respond to their comments, retweet their tweets, etc. Doing this will help you appear in the feeds of the followers of your followers.

When people see you more often, they will start recognizing you. When they recognize you, they start trusting you too and won’t hesitate to buy your products.

4. Offer Money Back Guarantee

Most of the time, people hesitate to make a purchase to avoid a potential loss.

For most online shoppers, this loss is a financial one.

So try to reduce this fear of risk for your buyers. This will help them make a buying decision without any fear, and your sales will increase too. 

The best way of doing that is to offer a money-back guarantee. When people know that the risk of losing their money is low, they will reconsider leaving your website without hitting the checkout button.

5. Optimize Your Website for Mobile Devices

Cart abandonment isn’t a new thing for marketers. Oftentimes you’ll face a situation when your users will exit your website just before they make their payment. This leaves you wondering what went wrong.

The answer is nothing but a complex checkout process. According to sources, the rate of cart abandonment is higher on mobile devices (77.8%) than on desktops (67.1%). 

That’s because these websites aren’t well-optimized for mobile devices, which makes it difficult to checkout easily when shopping from a mobile phone. So if you haven’t optimized your website yet, do it before you lose another customer.

6. Use Push Notifications

Push notifications are the best way to gently remind your users about your business. Many marketers believe that it can be used only for reminding your users about the items they left in their cart. But you can use it for other purposes as well. 

For example, you can send a push notification to notify your users about a new product launch, an upcoming sale, new addition to your collection, or anything that you think your users should know about. It’s a great way to re-engage your audience with your business to increase your sales.

Many businesses have seen a major jump in their revenue by using various push notification campaigns in their marketing strategy.

Reports show that 30-60 percent of users open push notifications, and the interaction rates are as high as 40%. This clearly shows how effectively it can boost your sales if used strategically in your marketing campaigns.

Conclusion

Although it appears intimidating, driving sales isn’t that difficult if you know the right marketing strategies to use at the right time. The above tips can help you do just that to boost your sales and increase your profit.