Abandoned shopping carts cost e-commerce companies trillions in lost sales every single year. The fact remains that nearly 69% of all shopping carts are abandoned by would be shoppers. While the reasons for shopping cart abandonment are many and varied, the solution is simple. Think like a customer when building your checkout process. The lower the easier it is to shop on your site, the lower will be the likelihood of vanishing would-be customers. Here are a few tips on getting those users to stick around longer and buy more.
1. Shorter, Quicker Checkout
Going by the attention span figures we saw earlier, another key takeaway is that your checkout process needs to be short and snappy. Research shows that the average number of steps in the checkout process of the top 100 e-commerce sites came in at 5.08 steps. Try and stay under that number – the shorter, the better.
Data proves this. Online travel giant Expedia grew their profits by an incremental $12 million in 2011 by simply deleting one single field in their checkout process. Sounds tempting now, doesn’t it?
2. Allow Guest Checkouts
Among the many reasons that make me such an Amazon junkie, is how much I hate creating a new profile on new e-commerce sites and remember the new username and password for each new site. It’s just easier to stick with the first profile I ever made – my Amazon one. I’m confident there are definitely tons of people like me out there who do not bother shopping on new e-commerce sites for identical reasons.
Don’t let your shoppers’ inherent laziness prevent you from bagging more conversions. Allow users to check out as guests on your site and save them the torture of compulsory registration. You can always email your users an auto-generated password to go with their email ID after they complete the transaction, if you must have a registered account for every user.
3. Collect Only Necessary Data Via Forms
Some businesses need more user data than others as a matter of fact. Buying an insurance policy online will obviously entail giving a lot more information regarding your health as compared to buying a digital camera. However, many e-commerce businesses do not realize how cumbersome it is for users to provide answers to endless questions on their forms and go ahead with monster sized online forms anyway.
Avoid this fundamental mistake. Ask only for information that is absolutely essential for you to process the transaction. Asking users to part with unnecessary data only makes them part with your site at double speed.
4. Autofill in Forms
Steve Krug’s iconic tome on usability ‘Don’t Make Me Think’, talks about reducing the effort a user needs to put in to complete any task on your website. The lesser the effort needed, the higher are the resulting conversion rates.
Apply Mr. Krug’s advice to your checkout forms. Autofill content wherever possible to make the process quicker and smoother for the user. If the user is signed in, autofill his name, address, phone number, even credit card details if you have them on record. That is not to say that you do not allow users to modify these details for each transaction if they choose so.
5. Checkout Completion Bar
Have you noticed that it is easier to complete tasks when you have the end in sight than those where you have no clue how much more time or effort you’ll need to put in? Yes, the anticipation of a result makes us move quicker and distances seem shorter.
Incorporate a task completion bar near the top of your checkout process indicating the user’s progress. As the user gets closer to completing the purchase, the progress bar lights up accordingly showing the user that the destination is just a step or two away.
6. No Hidden Costs
The single biggest reason why online shoppers abandon their shopping carts is when they are faced with sudden unexpected costs at the payment stage. This could be shipping fees, taxes, services charges or the like that make a user stop short in their tracks.
Avoid unpleasant surprises by displaying clearly all the involved costs upfront within the shopping cart at the very beginning. Leaving a user feeling cheated is the worst thing you can do for your brand.
7. Product Reviews and Ratings
Research by Nielsen has shown that word of mouth advice stands out as the biggest factor that convinces a user to buy a product or service. Buyers tend to believe the words of other buyers like themselves instead of believing the marketing spiel from the brand itself, as they see through the vested interests involved there. Factor in this insight when you design your product pages on your e-commerce site.
Users don’t have the luxury of touch and feel when they buy a product online. All they have to go on are product descriptions from the manufacturer (which they would normally discount) and reviews by other users. A product that has multiple reviews from existing users has a far higher chance of being bought than one that has none. Actively solicit product reviews and ratings from past customers. They will help you reel in new ones in the future.
8. Free Shipping
E-commerce has a huge edge over brick and mortar stores in that they save on rent, utilities, overheads, warehousing and more, thanks to the absence of a real storefront. Conversely, the absence of a storefront means, users have no choice but to pay extra for shipping the products they buy online to their doorsteps. As a shopper yourself, you obviously know how much any shopper hates paying extra for anything in their purchase process. In fact, expensive shipping is among the biggest reasons for shoppers abandoning their carts before completing a purchase.
Get over this bump by offering your users free shipping wherever you can. Amazon has recently started offering free shipping for small, lightweight items with no minimum purchase requirement. This is a smart step to fend off competition from the online versions of Walmart and Target, which allow users to pick up items bought online from their physical locations for no fee at all. You may not be Amazon, but working out at least a free shipping option above a certain minimum purchase amount will not only benefit users; it will also push your average order value higher as users try and qualify for the free shipping offer.
9. Editable Shopping Cart
How many times have you gone back to the rack where you picked up an item in a store and exchanged it for another one before heading to the cash register? If you’re an indecisive shopper like me, multiple times would be my bet.
Not every shopper knows exactly what they want. Sometimes they’re just browsing and might change their minds halfway through the shopping process. Recognize this fickle nature of the average shopper and allow them to go back and edit the contents of their cart without having to redo the entire purchase from the beginning. A shopping cart that allows edits till right before the payments stage is one that loses much fewer shoppers than one that does not. Opt for the sticky version for your online shopping cart.
10. Multiple Payment Options
Imagine going into a candy store, picking out your favorite bits of candy, handing over your cash to the nice lady at the register, only to be told that your cash is no good. You need to pay for your candy in cowrie shells.
That’s kind of what happens to a shopper when your online store does not support the payment option that your user would like to use. In spite of wanting to complete the purchase, the user has no choice but to leave their shopping incomplete thanks to restrictive payment conditions. Stop frustrating potential shoppers and extend your payment options to include the most popular payment methods. Not only will your customers thank you for it, your bottom line will too. A shopping cart like ShopIntegrator allows you to offer users a variety of payment options ranging from debit card, credit card, bank transfers to PayPal and offline payments.
11. Security Labels
It is not enough to merely accept a variety of payment options on your website to convince users to buy from you. It’s equally important to assure them of the security of your site and the fact that their payment details and personal information are a 100% safe with you. This has become even more critical in the last few years thanks to all the cases of data theft that have come to light with large retailers like Target and eBay.
Besides displaying your returns and refund policy prominently in your checkout process, also make it a point to display security labels like VeriSign or McAfee Secure on your payments page. Familiar and trusted security symbols reassure users that they are shopping on a safe site and there’s no danger to their financial information. Making sure that your checkout process is hosted on an HTTPS protocol is another important step in this direction.
Improving checkout conversions is not a quick fix that you implement in one go. It’s a process that evolves with your website and changes based on your audience’s preferences. From helping users with live chat to displaying customer care numbers prominently, to even rewarding users for a completed purchase, there are multiple steps that you can take based on your reading of your users’ behavior on your site.
Remember, reducing cart abandonment is no one-size-fits-all formula. Once you get the basics described here in place on your site, incremental growth comes from understanding your users and modifying your approach accordingly.