For all types of e-commerce stores, the Custom Stock Status extension can prove to be helpful. It improves customer satisfaction scores and skyrockets your sales numbers to take your business to the next level of success. Are you ready for higher sales?
Whether you are a B2B business or a B2C seller with an e-commerce website, higher sales numbers are a goal for every business person. Higher sales revenue is how you manage your business and keep it thriving for a long time.
To safeguard a consistent rise in online sales, you require certain store features that are non-negotiable for e-commerce business owners. One of them is the custom stock status.
Why Custom Stock Status is a Necessity for your E-commerce Store?
The default Magento features only provide the limited options to display "In Stock" or "Out of Stock" status. It does not include the ability to showcase customized stock statuses such as "Sold Out", "Free Delivery", "New Collection", "Best Price", "Most Popular", etc.
When customers do not receive updated stock quantities and inventory details about their favorite products, they may not wait for long. They will move on to other e-commerce sellers, and you may lose your loyal buyers, thus leading to reduced revenue.
If you do not put appealing stock statuses to attract customers, your best-selling products may get lost in the product catalog, and you will end up losing a chance to sell more.
Buy Magento Custom Stock Status Extension to increase Sales!
Thanks to the Magento marketplace, you will find many Custom Stock Status extensions to help you. Choose one that lets you create unlimited customized product statuses on category pages, product pages, shopping carts, order confirmation emails, or anywhere you desire.
You will have the option to choose from status template options or upload a custom icon for all product types, including configurable products. By automating the stock statuses with the help of custom rules, you can show customized information based on product quantity and other attributes.
You can customize the stock statuses for different customer groups and thus, show separate information for wholesale buyers and retail customers.
As we know, the prime goal of every business is growing sales. And to achieve the goal, you need a higher number of orders, pre-orders, and re-orders from your customers. With the help of a Custom Stock Status extension, you can make your business a success.
1. Get More Orders
Getting more orders is the requirement of every business. By introducing customized stock statuses for each product, you can ensure the desired call-to-action from customers. Whether you want to mention a "Price Drop" or inform about "Limited Stock", a personalized and updated stock status will draw the buyers’ attention, create urgency in their minds, and encourage them to take action.
2. Seek More Pre-Orders
When you operate an e-commerce store, out-of-stock products are commonplace. But, instead of losing customers over sold-out inventory products, encourage them to subscribe for stock alerts. Or, you can display a “Sold Out” custom status on the product page and ask customers to pre-order. It will allow you to manage your inventory efficiently and let you optimize the manufacturing/procurement process.
Additionally, a Custom Stock Status extension will let you set an expected restock date to reassure customers to buy when the product is back in stock.
3. Increase Reorders
There are several reasons why repeat business is better than new business. According to research, repeat customers spend 300% more than new ones. They will also promote your business through word-of-mouth. On the other hand, getting new customers every time will cost you more.
To ensure more reorders from customers, a seamless shopping experience and greater transparency on the seller's part are a must. With the help of enticing stock statuses, you will be able to attract customers and provide accurate information without spending extra on workforce and marketing. Buyers will be able to find details of their required products easily and place orders quickly.
Are you ready to Handle More Sales?
Once you install the Magento Custom Stock Status extension, you will experience higher sales numbers and superior customer experience. Are you ready to expand your business and get more revenue? If your answer is affirmative, it is time to groom your sales team because you will see those orders skyrocket!
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