In the ever-evolving landscape of online retail, where customer expectations are soaring and competition is fierce, staying ahead of the curve is no longer a luxury – it's an imperative. Your brand's success hinges on a harmonious symphony of elements, and one often underestimated note that can resonate across your entire e-commerce ecosystem is Product Information Management, or PIM.
Important PIM statistics
Here are some statistics to make a better understanding of PIM:
- According to A.T. Kearney Research, it has been found that provide accurate, complete, consistent product information can increase conversion rates from 17% to 56%.
- According to HubSpot study, it has been analyzed that only after three seconds, 57% of online consumers will abandon a site, and 80% of those consumers will never return.
- According to study it has been claimed that 89% of shoppers consider search engine results pages (SERPs) when making a purchasing decision.
- It has been found that using a PIM system can deliver a 20-50% increase in online conversions.
- According to Research, it is 6 times faster to manage data information in PIM than in Excel spreadsheets.
In this blog we introduce you to a comprehensive resource that will empower you to evaluate if you need a PIM and what are the considerations you should make before choosing one. Our PIM Buyer's Guide is your key to unlocking insights, strategies, and tools that will set your brand on a trajectory towards unparalleled success.
The Purpose of the PIM Buyer's Guide: Navigating the Product Information Management Seas
Imagine this scenario: You're browsing an online store, intrigued by an array of products that promise to meet your needs. However, upon closer inspection, the product information is scant, leaving you with unanswered questions and doubts. A frustrating experience, isn't it? This is where PIM comes into play.
Being a scaling brand or a retailer, a PIM solution becomes a necessity to handle those humongous number of SKUs. But knowing when to invest in a PIM and how to choose the right one makes the difference. Our PIM Buyer's Guide is your compass to navigate this transformative terrain.
At its core, the PIM Buyer's Guide is a comprehensive resource designed to equip you with the knowledge necessary to make the right choice of PIM.
Your Path to Informed Decision-Making: Unveiling the Guide's Contents
Here's a glimpse of the invaluable insights waiting for you in our PIM Buyer's Guide:
1. What is PIM: Delve into the fundamental concept of Product Information Management.
2. How will my Business benefit from PIM: Uncover the potential of PIM and how it helps your business at scale.
3. How to assess if your business really needs a PIM: Navigate the critical decision of whether PIM is the missing piece in your e-commerce puzzle.
4. Common tools confused with PIM: Clear the air by differentiating PIM from other similar tools, ensuring you make informed choices.
5. Key questions to consider for selecting a PIM System: Equip yourself with a comprehensive toolkit of questions to evaluate and select the ideal PIM solution.
This is just the beginning of a profound journey that will empower you to elevate your e-commerce prowess through strategic PIM adoption.
Elevate Your E-Commerce Journey with PIM
Picture a future where your brand's product information is not just accurate but enriching – a future where customers make purchasing decisions with confidence, and your brand's reputation as a trustworthy retailer is unshakable. The PIM Buyer's Guide is your gateway to realizing this vision.
Download our PIM Buyer's Guide today and embark on a transformative journey that will redefine the way you manage product information, enhance customer experiences, and drive growth in the competitive world of online retail.
Download Here: A comprehensive PIM Buyer’s Guide for Retailers
Your journey starts now!
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