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Taxonomy refers to the classification of things. Therefore, online product taxonomies refer to the organization and classification of products sold on e-commerce websites. Classification and organization of objects will benefit both users and the business. A Forrester report shows that revenue from to a poorly organized website is 50% lower than from sites with properly architected retail sites. Proper product taxonomies will help create a positive user experience for e-commerce websites.
It helps to form the basis of the sitemap of the website which is useful for search crawlers as well as users. If you are concerned about the low conversion rate of your eCommerce site, consider focusing on product taxonomies on your eCommerce store. How to create product taxonomies for your online store? Product taxonomies involve creating a hierarchy of your products. Let's look at an example to understand how to create a taxonomy for an online store. Suppose you sell shoes in your online store.