Posts Tagged ‘similar products’

In a recent survey, the following were the top reasons why Internet shoppers abandoned their shopping carts. Note: they could pick more than one reason. I will cover the main issues at the top, and then get into the 20 Tips.

- High shipping prices (72%) – This is a biggie and all shipping charges need to be presented to the buyer before they have to type in their info and see the shipping rates.

- Comparison shopping or browsing (61%) – This is beyond your control, dont worry about it.

- Changed mind (56%) – While this is also beyond your control you can test your cart steps to see if this may be a cause of the mind change.

- Saving items for later purchase (51%) – If you offer this feature, but you dont collect their name and email address to contact them with a reminder drop it. Data shows shoppers who choose this option rarely, if ever, come back to purchase.

- Total cost of items is too high (43%) – How do you rank compared to other similar products in the market? Do you have sufficient Points of Difference to justify the higher cost?

- Checkout process is too long (41%) – Very important to have as few steps in this process.

- Site requires registration before purchase (34%) – I think people didnt understand this option, as it should be at least double this figure. Unless I REALLY want the item, I never buy if I have to register first, and I know Im not the only one who feels this way.

- Site is unstable or unreliable (31%) – If this is your site, then fix it!

- Checkout process is confusing (27%) – How do you know if this is a problem for you? Easy. You are getting calls with people saying, Your site was too confusing so I called. Your staff needs to be giving you this feedback so it can be corrected. They should also be mindful to ask, Would you mind telling me briefly what you found confusing so we can fix it? Ill give you free shipping on your order for helping us. Reward your customer for helping you. It is just good business.

These tips are taken from the book, Call To Action. It is part of our Recommended Books section.

I like to think of sales as the ability to gracefully persuade, not manipulate, a person or persons into a win-win situation. – Bo Bennett

Shopping cart abandonment is a significant problem for any website owner or affiliate. In some market verticals between 65% and 75% of online shoppers abandon their shopping carts before completing the checkout process.

What is amazing is the numbers are basically the same as they were in the late 90s. We have come a long way in terms of technology, but there are still key mistakes being made that lend to that high rate of abandonment.

Here are 20 tips to help you reduce the abandon rate on your online shopping cart.

  1. Check how many steps are in your checkout process. This is usually a prime knee jerk target for results, but we have found that whether you have one step or seven steps in the checkout process is not all that critical (which goes against conventional advice by having as few steps as possible from experts).The authors of Call To Action state that they had a client that they were able to bring the checkout process from six steps down to one, but there was no reduction of the abandonment rate. In the testing that I have performed I also found this to be true. There was not a significant reduction in abandonment rate by decreasing the steps to checkout that can be consistently measured. Surveying revealed that once people found what they came to buy, they are going to buy, regardless of the steps involved. In other words, the customer is going to buy the product, regardless of how hard your site works to make it so that they cant!Suggestion: Look at the steps of your check out process. You may consider a group of independent people to look at the process and give honest feedback. Look for consistency in complaint or praise. While my advice is not to reduce the steps right now, if your checkout process is very lengthy, consider a reduction to make it as smooth and painless as possible. As that is just good customer service and that is something we all need to focus on more.
  2. Include a Progress Indicator (e.g. Step 2 of 5) on each checkout page. No matter how many steps you have in your checkout process, it is highly advised to keep shoppers oriented by letting them know exactly where they are in the checkout process. This is best done by showing a step number. Be sure to clearly label the task to be completed at each step. Always give them an opportunity to review what they did in the previous steps and a way to return to their current step if they do go back. Make it as easy as possible for them.Suggestion: This is only necessary if you have three or more steps in your checkout process.