When you sell products online the one thing you will always
have is online shopping cart abandonment. According to research
the average over the last ten years is about 68%, and looking closer
to 75% for research done in the first half of this year.
So what causes online shopping cart abandonment? What can you do to
limit the number of buyers who abandon their carts?
In the last 10 years, online shopping cart abandonment has gone up but so have
the number of people shopping online. There were far fewer people online ten years ago, the number of people
willing to purchase online has increased dramatically and the number
of businesses with an online presence has gone up as well.
So lets’ go over a number of the different reasons someone
might abandon their cart, why and what you might be able to do to change that.
I'm going to compare the online cart to a an old school, in real life grocery
store shopping cart for some comparisons on what you should and shouldn't do.
Deceiving Cost of Product
Sometimes people add products to the cart and then the
total cost because too much so they abandon the cart. These problem increases
if you are not clear about the cost of a
product, or list the wrong price on the page. When you go shopping you do not
want to pick up and item just to get get down to the cash register and find out
that the product was more expensive than what was listed. Make sure all your
prices match up from your website to the cart to checkout. Do not deceive or
spring anything on your buyers or you will lose them at checkout and maybe
forever.
Shipping Cost and Confusion
When a buyer goes to purchase something they are more
likely to purchase if they know what price to anticipate. When you are shopping
at a store, you know what your local sales tax is so you know what you are
going to be charged beyond the price of the product, but what if the store had
an extra charge and you were not sure what it was until you went to checkout?
Like wise when buying online people do not want to be surprised with a lot of
extra cost. I would suggest using a flat shipping rate based on number of
products and location have a page on your website setup that buyers can go to,
to see what your shipping rates are. Better yet, include shipping in your costs
or advertise was for buyers to get free shipping (say, if they purchase more
than $50 or $100 worth of products).
Requiring an Account
Imagine if you will, you go to the store, pick all the
items you want and then go to checkout but before you checkout, you have to
create an account with the store, or fill in a form to prove that you have an
account allowing you to shop at that store. You probably would not be enthused.
Many buyers abandon their cart when they feel like they are jumping through too
many hoops. After all, many online shoppers are going online because it is
easier and takes less of their time than going out and shopping around.
Complex Checkout
Some shopping carts make it so you have to login, then
you need to agree to the store's return policy, then you can finally pay for
your items. Or, even worse, you go and do all your shopping and then head to
checkout, only to have to spend time searching for where in the store the
checkout option is. Checking out should not be complicated. Your buyers should
be able to go from the cart, to checkout with ease. Go through your own
checkout process (and the checkout process on your competitors’ websites) to
see if it is complex and irritating or easy, breezy. If the latter describes
your checkout process, you are sorely in need of a redesign.
Limited Payment Options
Finally, you find the checkout, you've agreed to the
terms of service, signed up for an account, now you are ready to pay, but they
only take Discover. You want to offer people multiple options if possible. At a
brick and mortar store that means, cash, different types of cars and maybe
checks. Online that means something like PayPal and a direct credit card
checkout option.
So, what can you do if someone does abandon a cart?
Many people will tell you to e-mail people who have abandoned
their cart to try and lure them back, but is that really a good idea? Think
about it, you decide to go to the grocery store on the way home from work one
day, you start adding items to the cart and then realize you left your wallet
at home that morning. Because of that, you decide to go home and then go to the
store closer to your house. A few days later you get a letter from the first
store asking what they can do to bring you back, how they can make you happy...
that could be annoying to someone.
Really the best way to avoid cart abandonment is to address the
above five issues first and foremost and then determine if an abandon cart
email makes sense for your business. You will never be able to eliminate cart
abandonment completely, it will always be there, but if you make the process
simple on your buyers, it will eliminate people who abandon the cart due to
complexity of the making a purchase.
Have tips for avoiding online shopping cart abandonment? Tweet them to us! Good Luck and Good Sales.
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