News — #businessgrowth

RSS
Grow Your Sales By Selling Gift Cards Online

Grow Your Sales By Selling Gift Cards Online

In 2020, who would’ve imagined that selling gift cards online would be one of the hottest trends for both brick-and-mortar shops and ecommerce sites? Believe it or not, it’s an excellent way to increase revenue and keep customers engaged with your business during the COVID-19 pandemic.

Unfortunately, most businesses either don’t know how to sell gift cards online or simply haven’t thought of the idea yet. If this sounds like you, you’re not alone! Many businesses just like yours have struggled to make it happen, but Shopify is making it extremely easy to get started.

Below, we’re going to teach you everything you need to know about using Shopify to sell gift cards online. We’ll discuss how it works, why you should do it, how to get started, and how to enhance the experience for both your company and its customers.

How Does Selling Gift Cards Online Work?

Before the COVID-19 pandemic was an issue, many brick-and-mortar businesses weren’t selling online and had no intention of it. With the COVID-19 pandemic only worsening throughout 2020, many businesses are being forced to either start selling online or close up shop.

No one wants to see our beloved local and small businesses shut down, which is why Shopify has made it so simple to sell gift cards online. This is how it works:

  • You create a simple online store with Shopify’s easy build features
  • You share your online store with customers so they can add gift cards to their cart
  • Customers receive the gift card via email
  • You track the purchased gift cards and wait for them to be redeemed in the future
  • The gift cards never expire, but you receive the funds immediately

Since many customers might find it difficult to shop your brick-and-mortar store right now, you can easily give them the option of shopping online now to shop in-store later. It’s easy for both you and the customer, which adds to the excitement.

Benefits When You Sell Gift Cards Online

As you might imagine, you open the door to a wide range of possibilities when you sell gift cards online. With so much to gain, you’ll be wondering why you haven’t considered this months ago.

If you’re still on the fence about whether or not your business can benefit from this venture, we completely understand. To help you see the amazing opportunity in front of you, here are some of the ways it can help your business:

  • Brand Awareness. Especially during today’s unique times, interacting with your customers is extremely important whether you’re open or closed.
  • Increased Sales. Anytime you introduce a revenue stream you weren’t entertaining before, you open the door for more sales each month.
  • Useful Data. When observing your customer’s online buying behaviors, you gain useful insight into what they want and how they want it.
  • Cash Flow. Customers might not be purchasing products right this moment, but you’re still receiving money now for their business later.

Those are just some of the amazing benefits you receive when adding gift cards to your online store. It’s super easy to do, doesn’t require anything to get started, and gives immediate benefits to both you and the customer!

Getting Started With Shopify Today

If you’re ready to give your shoppers the option to buy online gift cards, you’re making a smart choice. We’ve been talking a lot about how easy it is to get started, but what better way to prove it to you than by explaining it.

You can get started in just five easy steps -- that’s right, just five! Let’s take a look at what’s needed for each step of the process.

1.   Start a Free Trial on Shopify

First thing’s first, you need to get started with a Shopify account. It costs $29/month, but they’re giving businesses a free two-week trial before being charged anything. This gives you enough time to establish yourself before having any costs.

When you set up your account, you’ll need to select your domain name. It’s where shoppers will go when looking for your online store. By default, it will look like ‘yoursite.myshopify.com’ unless you purchase a domain, but it’s not necessary. (‘yoursite’ would be replaced with the site name you choose).

It’s important to note that you will need to enter credit card details and select a plan in order to get started, but you won’t be billed until after the free trial. You’ll also receive an email before the trial ends as a reminder.

2.   Create an Online Gift Card

Now that you officially have a Shopify account, you’ve opened the door for customers to find you online. The next step is creating the digital gift card that shoppers will buy, which you can do by clicking Products > Gift Cards.

Making the online gift card your own is easy, but you’ll need to edit five main things before it’s completed -- the title, description, media, denominations, and availability. Let’s take a closer look:

  • Title - you can either choose to be detailed in your description or minimalistic, but it’s always a good idea to include your company name and something COVID-19 related
  • Description - this is your opportunity to really connect with your customers. Let them know you feel their pain and give them reasons why they should buy online gift cards from you.
  • Media - creating a custom image for your online gift card is essential in today’s digital world. Customers want something that’s appealing and stylish.
  • Denominations - when customers go to purchase an online gift card, they’ll have several different options in terms of amounts. Keep it simple because they can always purchase multiple.
  • Availability - this feature allows you to choose where you want to make this online gift card available. For now, we’ll be selecting ‘Online Store’

Once you have the gift card created, you’re one step closer to launching your store and seeing the revenue pile in. As of right now, it’s always good practice to double check your work and make sure you’re happy with the design of your gift card.

3.   Personalize & Brand Your Online Store

Now that you have a gift card to sell, it’s time to personalize your online store so it matches the rest of your brand. This is a vital part of the process because your customers need to recognize the online store as yours.

To do this, select Sales Channels > Online Store > Themes and select the theme you’d like to use. There are a wide range to choose from, so take your time and select one that fits your business the most.

Clicking Customize allows you to edit the theme to your liking.

Inside the edit screen, you’ll see a list of sections on the left side and then a visual of what your site looks like in the middle. You can switch between different pages on the top, as well as different screen sizes (mobile and tablet also offered).

As you go through and edit your online store, here are some things to keep in mind: 

  • You can remove sections on the left to start with a clean slate or you can hide them to add back later.
  • It’s best to start with an image overlay with text as an intro to your online store. Upload an image that represents your company well.
  • Add a Featured Product section to easily and clearly display your gift card to shoppers. You can allow them to purchase multiple by turning on the Quantity Selector.
  • Add your logo to the Header area of the store, as well as other pages if you want to create an About Us.
  • Add social media links and buttons to the site wherever possible, as well as a place for them to contact you via email or phone.
  • Go to Settings > Payment Providers to allow Shopify to automatically capture payment for orders.
  • You can play around with adding different sections, but this is all you’ll need for an easy-to-build online store.

With your store in-tact, you can officially say you own an online store to supplement your brick-and-mortar business. This is the start of something new and can be the venture that saves your business during these difficult times.

4.   Share the Store With Customers

Now you’re ready to start bringing customers to your online store. In order to give them access, you first need to take away the password protection on the site. Go to Online Store > Preferences and turn off the Enable Password option.

Once you complete that step, your site will be visible to anyone that enters the URL to your online store. Start marketing it all over social media, notify your customers via email, and spread the news through word of mouth. Make sure everyone knows where to find your online store.

5.   Manage Your Sales

One of the amazing features on Shopify is the ability to easily track orders and gift cards that have already been purchased. This makes it easy to verify when someone wants to use a gift card by checking the date it was purchased, as well as manage how much the customer has remaining.

Enhancing Your Gift Card Experience

There’s a lot to gain when you start selling online gift cards, but this is only the start of this journey for you. There are a wide range of things you can do to enhance the experience for both you and the customer as you start to gain traction with your online store.

Here are some ideas to keep your creative juices flowing on how to continue expanding: 

  • Use Canva’s gift card maker to create a personalized image for your gift cards. The more unique and engaging this is for the customer, the better it is for your business.
  • Reward loyal customers by discounting gift cards with a higher price tag on them. It incentivizes them to buy the big gift cards, putting more money in your pocket now.
  • If you want to easily market your gift cards on someone else’s site or make them available on your existing site, use the Buy Button channel when selecting the availability of the gift card.
  • Don’t hesitate to start bringing your other products and services to your online Shopify store. There’s so much to do, including an About Us page, Staff page, advertising opportunities, customize emails, and more.

Getting started with selling gift cards online is easy and the opportunities are endless. If you need help working your way through this process without difficulty, contact Consultants In-A-Box to connect with one of our trusted professionals immediately.

We look forward to helping your business offer customers an online store and online gift cards!

 

How To Manage Business Costs Effectively

How To Manage Business Costs Effectively

Admit it; Coronavirus did a number on us all. While governments the world over imposed stringent control measures in place to curb the spread of the pandemic, businesses (SMEs, startups, and even major heavyweights) took a hit.

Businesses, before the pandemic, operated smoothly and freely with resources (both capital and human) at their disposal. Virtually everything from board meetings, marketing strategies, customer service, to payroll and even onboarding was heavily dependent on the corporate office setup where things were done manually.    

But with everything 2020 has thrown on us all, brands have begun to see the need to take advantage of impressive digital tools to run business costs, increase productivity, boost brand presence, and improve the experience of employees working remotely.

Ways you can manage business costs efficiently

If you’re a business executive, how do you manage and run your businesses effectively? How do you ensure your tax-deductible business expenses are inputted accurately? We’ll be looking at the following areas:

Time and Attendance Tracking

Attendance of workers and comprehensive tracking of their work schedules have contributed to the overall success of businesses and improving their bottom-line savings. However, due to the global pandemic, a lot of companies and businesses has resorted to having a higher percentage of their workforce working from their homes.

Your business should take advantage of time and attendance tracking software to garner the working hours of your employees, whether they are making use of their mobile phones or PCs.

This software creates the avenue for your employees to tender the daily hours worked remotely to foster accuracy. Another advantage to this is that as their working hours are being tracked, you will be able to know which particular employee is working overtime and make arrangements for their overtime pay.

Also, these digital tools allow workers to see their time and work schedules for the week in advance, so they can prep themselves for their various tasks.

Payroll

Every employee deserves to be paid handsomely for their service to your business. It is a crucial aspect to boost business productivity and growth. The amount of time spent manually compiling each worker’s tax information, overtime, basic salary, and other allowances may affect other crucial aspects of your business.

Taking advantage of an online payroll service will save you from the long process of computing fees and making costly financial mistakes.

Employee onboarding

For an employee to be quite successful in their job responsibilities, their background and relevant experience has a major role to play. This, you can find out during the onboarding process, as you’d collect vital information from them and inform them about the vision of your business.

Taking advantage of onboarding software, you’d be able to verify that they’ve submitted their ID documentation, state withholding forms, deposit information, I-9 and W-4 forms, and other vital information.

Benefits administration

With the aid of human capital management, managing benefits has become easier. However, more time is spent procuring benefits manually.

With an online human capital management software available, you will be able to securely gain access to forms, make changes and update them in real-time.

Case management

For a business to thrive, it is crucial for it to have a platform that tends to the concerns of workers. With most of your workforce now working remotely, it is important to have a digital case management platform that will accommodate their various concerns.

This online platform also presents the opportunity for your employees to field their progress reports and allow management to review and track the efficacy of business decisions and compliance.

Consultants-In-A-Box is an all-inclusive software that provides impressive solutions to your brand’s concerns. Take advantage of our unique platform by contacting us today. You’d be glad you did.