More and more people are shopping online instead of in brick-and-mortar stores, so the eCommerce industry continues to grow at an unrelenting pace.
In 2021, Ecommerce sales added up to a whopping $5.2 trillion worldwide. Statistics show sales figures will grow by 56% over the next few years.
With all the competition, online retailers must be proactive to stand out.
Right off the bat, you need an effective online store and digital product catalog to convert traffic into sales.
If you need help with e-commerce catalog management, you’ve come to the right place.
I wrote this guide to discuss 11 best practices for product catalog optimization. I’ll also discuss the importance of e-commerce catalog management and why high-quality online catalogs are essential to your business.
Table of Contents
Ecommerce product catalog management means organizing product data to ensure that it’s accurate and up-to-date.
Each item you sell has unique product data, including product descriptions, titles, prices, images, product tags, and more.
Product catalog management involves creating a centralized product data repository to standardize your data across multiple sales channels.
This strategic process allows for efficient product inventory tracking across different channels. It also streamlines customer decision-making. Product catalogs display all the information customers need to make purchase decisions.
It also provides valuable insights into customer behavior to help you develop behavioral marketing campaigns.
Product catalog optimization falls under the umbrella of product catalog management. It involves optimizing your data to make the customer experience smooth and pleasant.
The ultimate goal is to improve conversion rates, earn more sales, and build trust in buyers.
Optimized online product catalogs lead to better SEO results and more organic traffic. After all, the higher your product ranks on search engines, the more likely your target audience will see it.
Product catalog optimization is essential for ecommerce businesses because it leads to better search rankings, boosting conversion rates.
It also minimizes product returns. Data suggests 22% of customers return their purchases because the products look different in person than on the website.
The likely culprit is unoptimized product listings or product catalogs.
Your product data should give customers detailed information and a clear picture of what they’re getting.
Optimized product cataloging prevents unpleasant surprises like product returns. You’ll also earn a reputation as a trusted brand—it’s a win-win situation.
Here are 11 ways to optimize your product catalog and improve business performance.
As an e-commerce solution, successful product catalog optimization depends on data integrity. I can’t overemphasize the importance of complete and accurate data in attracting and keeping customers.
Nobody wants to check product pages full of errors in product details and mismatched images. That’s a surefire way to send potential customers to your competitors’ sites.
Building a better brand story and earning buyers’ trust begins with relevant product data that tells customers exactly what they need to know before purchasing.
Customers today are meticulous. Before buying a product, they take the time to research and compare it with similar items. Thus, your digital catalog data must be consistent, allowing customers to make in-depth comparisons.
If you’ve been writing ordinary or meager product descriptions, it’s time to change that.
The fierce ecommerce competition calls for optimizing your listings and online product catalogs.
You want your products to rank higher on search engine results to improve your store’s visibility.
Take the time to research relevant keywords related to your products and incorporate them in a natural and easy-to-read way.
Here’s an excellent example of an SEO-friendly product description.
People are visual creatures, especially regarding online shopping. After all, online shoppers don’t have the luxury of holding a product in their hands for a full inspection.
Therefore, using high-resolution images in your product catalog is imperative.
If photography isn’t your strong suit, hire a professional product photographer to take the best possible photos of your items.
Have you ever searched for an item and placed an order on an ecommerce platform, only to find it’s out of stock? It can be pretty frustrating to waste time and effort, right?
These situations happen when retailers don’t constantly update their product catalog data.
If you want to deliver on your promises, update your data in a timely manner. By doing so, your product catalogs contain real-time data. Proper inventory management and tracking are crucial here to ensure accurate product data.
This practice also helps minimize risks related to inventory mismanagement, such as understocking or overstocking.
Your data must be accessible online. Consolidating your data allows you to streamline your catalog management.
If all product data is online, it’s easier for all team members to find the information they need, creating a logical and systematic workflow.
Centralizing product data storage is even more critical for businesses that sell products across multiple channels.
An omnichannel approach calls for an e-commerce solution addressing the following needs:
- Consolidation of complex product catalogs
- Analysis reports with information for different sales channels
- Prevention of data duplication and simplified access to necessary information
- Cost-effective software system for analysis of data from various sources
- Reduction of data quality issues that affect operations
These endeavors would be difficult to execute with manual effort.
Your best bet is to use a product catalog management tool, such as a PIM system.
A product information management (PIM) system is software that enables you to collect and manage your product catalog data in one platform.
This tool is the most efficient way to track the information required to sell your products across all your sales channels.
Every business owner knows the value of retaining customers. It’s not just about building loyalty—it also saves money.
Keeping an existing customer costs five times less than attracting a new one. Therefore, it makes sense to focus on customer retention just as much as customer acquisition.
Customer retention is why cross-selling and upselling to customers are essential. This marketing strategy gives customers more value for their money, which they will appreciate.
You can also earn additional revenue and build brand loyalty with minimal extra effort.
Many people prefer shopping on online marketplaces because of convenience.
Shoppers are now more demanding and expect a fuss-free online shopping experience.
The question is: how do you keep up with these demands as an ecommerce retailer?
It’s simple; use customer journey mapping to gain insights into customer expectations, preferences, pain points, and requirements.
A customer journey map shows you these layers of a shopper’s ecommerce experience.
Knowing these multiple touchpoints on the map allows you to provide the right products at the exact time and place your customer wants them.
The results are a seamless shopping experience and a satisfied customer.
A successful online catalog is a mobile-friendly one.
Shoppers hop on ecommerce platforms using various devices. If your site isn’t mobile-optimized, they will likely switch to a different seller or marketplace.
Here are some quick tips to ensure a fantastic user experience.
- Use large fonts for easier readability.
- Arrange fewer products on each page to display larger and better-quality product images.
- Additional product information should be accessible with one click.
- Make call-to-action (CTA) buttons visible and pop out of the page.
Another factor to consider is your online catalog tool’s capability for sharing over various media portals.
An effective catalog tool should be accessible across social media, catalog-sharing sites, and email, giving you many avenues for converting visitors into customers.
Integrating your ecommerce product catalog management with other systems is another way to enhance operations, drive more profits, and build solid customer relationships.
An enterprise resource planning system (ERP) can give you automatic updates regarding inventory levels and product information.
An email service provider (ESP) can improve your conversion rates by sending automated messages to customers based on product catalog data.
Messages you send can include order confirmation emails, abandoned cart recovery, and targeted emails to previous customers.
Many businesses have multiple stakeholders. A supply chain typically consists of various parties like designers, producers, and couriers.
It can be challenging to stay in control in a setup with many variables.
One way to stay in charge is to map your catalog management process. Like the customer map, catalog management mapping gives you a clear view of all touchpoints.
Proper mapping lets you identify which stakeholder to contact when updating your product catalogs and getting information regarding schedules and capabilities.
Physical and digital environments are different, and so is consumer behavior between the two.
Offline stores offer buyers a better experience simply because customers can physically interact with the product. Your product catalog should appeal to all five senses: sight, touch, taste, sound, and smell.
Online stores don’t have this opportunity. Thus, they need to provide more detailed descriptions and images to go with the product listing.
You should also consider that customers sometimes browse online before going to a physical store. This approach is called Research Online, Purchase Offline (ROPO) and has dramatically influenced customer behavior.
Finding the right balance between your physical and digital catalogs is essential for maintaining consistency and ensuring the two areas complement each other.
Ecommerce product catalog management is vital to streamlining your business operations and enhancing customer experience.
At its core is the organization of existing data, optimization strategies, and constant updates to keep data accurate.
This process is even more crucial for omnichannel retailers that must be consistent across all sales channels.
Hopefully, this guide has shown you the best ways to manage your product catalogs and make them attractive to buyers.
To maximize your online product catalogs, you should also learn how to write product descriptions for your ecommerce store.