How To Minimise Shopping Cart Abandonment.
How To Minimise Shopping Cart Abandonment. by Philip
Bennett
Shopping Cart abandonment is the process of a customer adding
things to their shopping cart with intent to purchase then never
finalising the purchase and if you’re running an eCommerce
store it’s likely to be costing you lost revenue. Some online
store see figures up to 68% abandonment, over three quarters of
their customer who place products in their cart do not finalise
pay. This article is going to look at how you can minimise the
impact of shopping cart abandonment on your sales.
Like all problems, In order to tackle the problem we firstly need
to know what causes it. There are a multitude of reason why people
abandon their carts, speaking to online customer and store owners
we have pin pointed what we think at the top ten reason people
doing finalise a purchase and we’re going to give you some
guidance on how to avoid each one.
1. Cost of Shipping too high and not shown until checkout: Sticker
Shock does not just happen on products, it’s as much a
problem with the shipping costs on your store. Especially if you
sell low priced items. The best way to limit this is to make sure
your customer know how much the delivery is going to cost them as
soon as possible. Make sure you shopping cart page has a good
estimate of the final shipping cost, and if possible place
estimated shipping cost on your product pages.
2. Changed mind and discarded cart contents: If your customer
genuinely changes their mind and decides not to purchase there is
not much you can do about that. But you can try and minimise the
chances of them becoming distracted. Removing all unnecessary links
from the checkout process stops customer from clicking away from
the checkout process. This can include removing site navigation
during the process.
3. Comparison shopping or browsing: The popularity of shopping
comparison sites is increasing all the time and there are really
only two ways you can deal with this. The first is to undercut all
your competitors and make sure you come up on the comparison sites
as being the cheapest. Unfortunately this isn’t always
possible and the only other solutions is honesty, explaining why
your products are at a higher price help, also more and more sites
are beginning to include price comparisons with their competitors
on their own site, if you show your customer you have nothing to
hide then they’re more likely to trust you and purchase from
you.
4. Total cost of items is too high: Make sure that your customers
are aware at all time of the value of the products in their
shopping cart whilst they browse. Placing a simple running total at
the top right of your store will make sure the customer is aware of
the prices adding up and won’t get sticker shock when they
click on the ‘what’s in my cart’ button.
5. Saving items for later purchase: Make sure your customer can do
this easily, more current shopping cart software provides you with
a facility to allow customers to save their carts and come back and
checkout at a later date.
6. Checkout process is too long: Make sure your checkout process is
as short as possible, and don’t ask for information from your
customer that they don’t need. Don’t make then enter
their postal address multiple times for shipping and billing if
they’re the same. Also as stated above make sure there are no
distraction in the checkout process.
7. Out of stock products at checkout time: Like shipping costs make
sure you customers are aware as soon as possible that your products
are in or out of stock as soon as possible. The best place to show
this is in your product listings and on the product pages
themselves.
8. Poor site navigation and long download times: There is nothing
more infuriating than a slow loading site, make sure you work with
your host to provide your customer with the fastest loading page
possible, make sure you shopping cart software code is optimised
and delivers pages fast.
9. Lack of sufficient product or contact information: Information =
Reassurance, the more information your site contains about your
company and your product the more reassurance it provides to the
customer that they’re going to get the products they want,
and the products they ordered. Make sure that your product
descriptions contain as much information as possible and they you
include pages about your company including contact information.
It’s always good to have a phone number, most online shoppers
will never call you, but a large number will be reassured that you
are reachable on the phone if something goes wrong.
10. Site unclear on delivery times: Just like the above point, make
sure you have all the information about your delivery times visible
and easily accessible at all times, in an age when customer can get
all the information they need at the clicking of their fingers they
increasingly want their real world products just as fast.
Ecommerce
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