E-commerce Business Analysts are like private investigators, analyzing online consumer behavior and piles of sales data to find information about e-commerce stores’ performance and areas for improvement. They look at how shoppers find websites, what keywords are used, which products are selling, and any patterns that indicate what turns a casual visitor into a paying customer. They also check out how users engage with reviews, special offers, and upsell techniques.
E-commerce Business Analysts go beyond the numbers to dive into the reasons behind those figures. Their reported findings and recommendations help drive management decisions for their employers’ product and service offerings, as well as marketing and other business strategies.
Traditional brick-and-mortar stores also generally operate websites, and customers are increasingly shifting to online shopping. Stakeholders see many advantages to the online model (such as savings from fewer retail space leases). E-commerce Business Analysts can help such companies successfully transition more and more to their online platforms.
- Exploring the behind-the-scenes aspects of consumer behavior
- Helping companies stay ahead of the competition
- Making it easier for customers to find and buy products and services they want
E-commerce Business Analysts work full time. Overtime is possible during busy seasons, when products or services are about to launch, or when items struggle to find buyers.
- Translate data and KPIs into actionable insights that help companies achieve goals
- Review consumer engagement data for website pages and products, such as numbers of clicks and abandoned shopping cart metrics
- Compare actions of site guests and site members
- Analyze the effectiveness of upsell tactics, discounts, trials, and special offers
- Seek out patterns that indicate areas of strength and where improvement is needed
- Offer research-based suggestions to leadership and management, to address problems and leverage opportunities
- Study customer keyword usage that leads to finding and purchasing products
- Collaborate with marketing and advertising teams to boost conversation rates
- Make suggestions for website design alterations to enhance user experience and make transaction processes more efficient
- Use data mining techniques to uncover trends and report findings
- Stay abreast of legislative updates on sales tax or other issues
- Keep up-to-date with emerging technologies
- Research the competition; explore alternative market types
- Discuss ideas with stakeholders
- Generate retail sales reports
- Clear communication skills
- Deductive reasoning
- Marketing skills
- Organization and problem-solving skills
- Public speaking
- Skills for coordinating and instructing activities
- Sound judgment and decision-making
- A/B testing strategies
- Customer Relationship Management software
- Knowledge of User Interface/User Experience (UI/UX) design
- Quality Assurance concepts for e-commerce
- Return on Investment principles
- Search Engine Optimization
- Test Scripts
- User Acceptance Testing
- E-commerce companies
- Traditional companies with online sales
- Wholesale trade
E-commerce Business Analysts are key players who are trusted and relied upon to provide timely actionable insights to improve sales and boost profits. Without their diligence, businesses can quickly lose revenue, potentially jeopardizing their entire operation. As a result, it isn’t an exaggeration to say that the livelihood of a company’s entire workforce greatly depends on the expertise of E-commerce Business Analysts.
If that weren’t enough pressure, it’s important to remember that the competition has its own analysts performing the same type of work. In essence, there’s an invisible war going on between companies all vying for the attention and dollars of national and even global consumer bases.
E-commerce Business Analysts have to stay on top of their game at all times and keep ahead of the curve by constantly studying the latest developments in an ever-evolving high-tech world.
Customers have been shopping online for decades, but the Covid-19 pandemic definitely boosted the industry, with many brick-and-mortar businesses shifting to online sales to survive. Now that the world is slowly returning to normal, consumers and traditional businesses have gotten more used to the convenience of the e-commerce model than ever before. The result? Increased demand for E-commerce Business Analysts!
Social media and influencer marketing continue to have huge effects on consumer behavior, while expediated (and often free) product delivery is becoming increasingly expected. Meanwhile, companies are turning to freelancers and digital marketing agencies to boost their sites’ visibility, driving traffic and sales to record-breaking heights (and contributing to the supply chain crisis).
As pointed out by UNCTAD, global e-commerce sales have surged to $26.7 trillion, “B2C e-commerce companies rose by 20.5% in 2020,” and the industry saw “particularly large gains for Shopify (up 95.6%) and Walmart (72.4%).”
E-commerce Business Analysts are going to have their hands full for years to come, piecing together the impacts of all these variables and changes.
Successful E-commerce Business Analysts possess a truly unique blend of attributes and skills. They probably loved a good mystery and enjoyed puzzling out problems as kids. They’re practical yet creative and curious, objective but empathetic, and enjoy exploring what makes things tick.
Because of the online nature of their trade, E-commerce Business Analysts must be adept at using technology. In particular, they were likely drawn to the inner workings of websites and software platforms (along with the ways users engage with those things). They could have been data-minded and analytical, yet also persuasive, charismatic, and great at “marketing” just about anything!
- A bachelor’s in a related field such as business analytics, e-commerce, computer or data science, marketing, or advertising
- Zippia notes that 71% of E-commerce Business Analysts hold a bachelor’s, while 18% have a master’s
- Course subject matter will include e-commerce business practices, data analysis techniques, and project management
- Certifications can bolster your odds of getting hired or promoted. Two commoner certs are:
- International Institute of Business Analysis’ Certified Business Analysis Professional
- Global Knowledge’s Professional Business Analyst Certificate
- Many companies around the country offer Business Analyst internships which allow students to apply things they’ve learned in college
- Internships look great on resumes and can pave the way for future employment
- Prior work experience in business, marketing, or data roles offer invaluable training to further prepare you for a job as an E-commerce Business Analyst
- Expect On-the-Job Training and vendor-specific training on programs you may not have learned before
- While Business Analysts’ roles have been around forever, the e-commerce version of these jobs is still evolving. Students should decide what they want to major in, then enroll in traditional and e-commerce-specific analyst courses
- No matter what you major in, ensure the school and program are accredited
- Remember that this job requires a wide range of skills, including people skills — so use electives (or student organization activities) to brush up on leadership, team building, and communications
- Decide if there are specific characteristics that you want your college to possess, such as diversity and inclusiveness, veteran resources, high acceptance rates, strong job placement stats, or renowned alumni. Don’t settle for less; it’s your college experience, so take the time to think about what you want from your dream school!
- High school provides a great setting to start practicing your organizational, management, and leadership skills through extracurricular and volunteer activities
- Pile on classes that’ll serve your goals later, such as public speaking, presentations, business, psychology, finances, and IT-related classes
- Seek out Business Analyst internships that’ll immerse you in the world of business and sales
- Ideally, you’ll want to land roles with e-commerce businesses (i.e. customer service)
- Don’t wait to sign up for online certification programs that can lay a foundation of core competencies
- In college, get involved with student and professional organizations
- Hop on LinkedIn and start growing your network, but remember to keep it practical and focused on relevant e-commerce and business topics
- Make sure you’ve completed all necessary education and training to qualify for the job you want
- Let your colleagues know you’re searching for employment! Up to ~80% of job-seekers get hired because of tips or help from their professional network
- Sign up for alerts with employment portals like Indeed.com, Monster, and Glassdoor
- Review job ads and use them to inform the content of your resume. In other words, adjust your draft resume to include applicable terminology and phrasing listed in the job ads
- Monster offers sample Business Analyst resume templates
- Stand out from the competition. Don’t just highlight your data or e-commerce skills, but also demonstrate your experience with finance, marketing, teamwork, and other areas that employers look at
- Offer examples when possible, such as stats, dollar figures, or any quantifiable impacts you’ve had in previous work
- If you’ve completed an internship or worked in other business-related jobs, keep in touch with co-workers and supervisors. They can make great references!
- Hone your interview skills with Beyond the Quad’s “60 Business Analyst Interview Questions and Answers.”
- Study E-commerce problems and solutions. Be ready to discuss them in interviews
- While many fundamental business principles never change, the world of e-commerce is always evolving. E-commerce Business Analysts need to keep up-to-date with emerging technologies and marketing strategies through continuing education and training
- A master’s degree — and/or advanced certifications — can further develop your knowledge and skills, qualifying you for promotions and pay raises
- Show your leadership and team-building skills, but make sure you are staying in your lane and not encroaching on others’ territory
- Be loyal to your company and ensure your work is adding value to the bottom line
- Be candid with your supervisor and share your goals. Ask for their mentorship to climb the ladder, or express concerns if you think you’ve gone as far as you can with the company
- If you do need to explore opportunities with other companies in order to advance your career, make sure to leave on good terms. Never burn bridges!
- CPG Guys
- Global Knowledge
- Indeed’s Business Analyst internships
- International Institute of Business Analysis
- International Trade Administration
- Path to Purchase Institute
- US Business Association of E-Commerce
- Ecommerce Analytics: Analyze and Improve the Impact of Your Digital Strategy, by Judah Phillips
- Global Business Analysis Core Standard, published by IIBA (free)
- The Complete E-Commerce Book: Design, Build & Maintain a Successful Web-based Business, by Janice Reynolds
- A Business Analyst in E-Commerce World, by Mudda Prince (posted on Medium)
- Business Intelligence Analysts
- Business Operations Specialists
- Computer Systems Analysts
- Information Technology Project Managers
- Marketing Managers Bright Outlook
- Market Research Analysts
- Online Merchants
- Public Relations Managers
- Sales Managers