Forum Moderators: buckworks
I've been doing some research online about "abandoned carts" on websites. I'm sure we all heard the below reasons why carts are abandoned:
- High shipping prices (72%)
- Comparison shopping or browsing (61%)
- Changed mind (56%)
- Saving items for later purchase (51%)
- Total cost of items is too high (43%)
- Checkout process is too long (41%)
- Site requires registration before purchase (34%)
- Site is unstable or unreliable (31%)
- Checkout process is confusing (27%)
My question is to the people who were able to lower their abandoned carts percentage; what methods did you use that worked on your website?
Thank you,
olimits7
Bottom line if you are having a high rate of abandoned cart then you need to look at everthing. Some are in your control so are beyond your control those that are within you control fix them one at a time and see what works to bring the % down.
1. On every page, with the Items in your cart/subtotal, shipping cost is also displayed in real time.
2. Using simple cookies to store a cart for 3 days; if customer comes back from the same computer their cart will still be there.
3. Streamlined checkout - this made a HUGE difference; simplify the steps and don't EVER, if you can help it, make the customer check out at your site and then go to a different site to pay.
4. I don't require a registration. If it is a one time purchase and I am forced to register, I may look elsewhere, so I don't force that on my customers either.
And of course, having the best price is always a big advantage. Also, make sure your product descriptions are accurate and descriptive. If someone is looking for Widget model 01234XY in size 3, and your site says "Series 01200 Widgets" - and the specifics are buried somewhere, the customer may not be confident enough that he/she is getting the right thing and may look elsewhere...
I was thinking of adding the following two you mentioned to my site too:
1. On every page, with the Items in your cart/subtotal, shipping cost is also displayed in real time.4. I don't require a registration. If it is a one time purchase and I am forced to register, I may look elsewhere, so I don't force that on my customers either.
The other two ideas you mentioned (#2,#3) I have setup on my website already.
I'm also in the process of adding a "real-time inventory status" system to the website; which I think should help too.
olimits7
- Saving items for later purchase (51%)--Don't offer this feature
As someone who shops online, I seriously disagree with "don't offer this feature."
If your shopping cart remembers my selections from previous browsing, you'll have a much better chance to sell me something when I come back than if I have to start over.
There's been enough hype about these programs to warrant testing it out, but I'm skeptical. I'll try to come back with some results after a month or so.
but the gist is that you contact the visitor (usually through automated email) a certain number of days (anywhere from 1-30, depends on your sales cycle) after the cart is abandoned. It is basically a reminder, with the cart contents and maybe an small FAQ for completing an order.
Even if they abandon on the last step of the checkout, many people don't think they've actually 'sent' you any of their information until they click the "Finalize Order" button. If you require registration, that's one thing (and a bad thing IMHO), but I worry that if I implemented this for just casual shoppers, I'd get a lot of "HOW did you get my email" questions. Privacy is a big deal for a lot of folks...
Couldn't that merchant lower the abandonement rate by making the pricing more clear? Yes, but what would happen to overall conversions? Maybe she has tested and found that getting me to go halfway makes me a lot more likely to go all the way. Many of us would not exist at all if that effect weren't so powerful ;-)
If I get 8% to add items to the cart and only half of those buy, isn't that better than getting 2% to add items to the cart and 100% of those buy?
So I think the first question you need to ask is not how to lower abandonments, but whether or not you even want to lower abandonements. In other words, your goal is to increase purchases, not reduce abanondements.
The goal isn't an ultra high conversion rate which you can achieve only with free shipping and the lowest prices, virtually guaranteeing that you will lose money on the sale.
make sure your product descriptions are accurate and descriptiveOn some site, once we worked on this issue, the abandon rate went down 25%
@ergophobe:
So I think the first question you need to ask is not how to lower abandonments, but whether or not you even want to lower abandonements. In other words, your goal is to increase purchases, not reduce abanondements.
- Well said! Unless your cart is charged per click... who cares if they abandon?
One phenomenon I noticed, but didn't give much thought to at the time, was that the abandonment rate was very low right before Christmas, sometimes as low as 20%. It was almost as though people were glad to find anyplace that had the item they wanted in stock. Now that the holiday rush is over, the abandonment rate is much higher. I suspect a number of people are going all the way to the cart to find out what the final price is, no matter how many times I repeat that the advertised price is all-inclusive.
According to Forrester Research, the top reasons sited for cart abandonment are as follows:
* 57% - Didn’t want to pay shipping costs
* 48% - Total cost of purchase was more than expected
* 41% - Used the shopping cart for research
* 19% - Didn’t want to wait for the product
* 18% - Purchased offline instead
* 15% - Checkout process was too complicated
* 12% - Other reasons
How does this compare with your your purchasing funnel ?
I think it will depend a lot also on the industry , marketing placement e.g. SERP's , competition and branding / trust. In the same industry we are observing variances of between 50 and 90% abandonment & sometimes prices are higher with the more expensive solutions. Obviously that's a huge number to play with.
I like to have my cart items saved as I look elsewhere then go to the item I liked best. If it's no longer in my cart I may just give up.
I want to see the final price before I even start the ordering process.
I don't like to sign up until I've ordered something once or twice and seen how it goes.
I'd get a lot of "HOW did you get my email"
Also with clothing I want shipping free exchanges.
OH yes, I am much more likely to order if I can ask questions through an online chat.
Look at the Norstrom online store. They are tops in quality, tops in service and tops in terms of usability of their website. At least they are the best I've found.
3. Streamlined checkout - this made a HUGE difference; simplify the steps and don't EVER, if you can help it, make the customer check out at your site and then go to a different site to pay.
You mean this for PayPal or Google Checkouts?
Anyone here see more orders once they "integrated" the checkout process, and went away from PayPal or Google Checkout?
A while ago I received an automated email from GoDaddy offering a discount if I went back to my abandoned cart to complete my order. I thought that was a nice touch, but it's something your regular customers will soon get wise to.
Basically I think the goal is to remove as many doubts as possible the customer might have and quickly answer their common questions, which might be: "is this business real", "can i trust this website", "do they care about customers", "will my stuff actually show up if I buy here", "why buy here", "is the price good", "how much is shipping, and is it free or at least reasonable", "is shopping here safe", etc...
[edited by: MisterT at 9:21 am (utc) on Feb. 6, 2009]