Optimizing e-commerce business

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7 KEYS TO REDUCE SHOPPING CART ABANDONMENT AND INCREASE CONVERSION RATE Optimizing E-commerce business

description

Basically, a few tips on how to increase conversion rate and reduce cart abandonment.

Transcript of Optimizing e-commerce business

Page 1: Optimizing e-commerce business

7 KEYS TO REDUCE SHOPPING CART ABANDONMENT AND INCREASE CONVERSION RATE

Optimizing E-commerce business

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Shopping cart abandonment rate between 60-70%

Conversion rate as low as 1-2% .

WHY WORRY WHEN WE HAVE A SOLUTION ?

THE PROBLEMS BEING FACED !!!

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Steps to E-commerce happiness

Step 1 : JUST COMPARING PRODUCTS

Most people using internet to compare alternatives so a third-party seal (SSL certificate, Hacker Safe seal) represents credibility of the website.

This can help convert comparison shopper to a buyer !!!

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Step 2 : INSUFFICIENT PRODUCT INFORMATION

Provide extensive product description and images to serve the customer better.

Can also provide cash back facility or cash on delivery

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Step 3 : ALLOW FUTURE PURCHASES BY BOOKMARKING

Increase cookie length and use persistent shopping cart, which saves contents of a cart for a set no of days.

Provide information on cart summary on how long their cart details will be saved.

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Step 4 : OUT OF STOCK/NON AVAILABILITY

Hide product/size/colour when an item is out of stock, reducing surprises for the customer when they reach the view cart page.

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Step 5 : HIGH SHIPPING COST

Reduce shipping charges even if it incurs cost, promotional messages like “ Order for 250 and shipping free” to encourage purchases.

Mention delivery time and the total cost to prevent surprises at the time of receipt.

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Step 6 : TECHNICAL PROBLEMS

Website should be made compatible with major browsers and operating systems to prevent technical snags.

Increase page load speed else it can lead to customer abandoning their purchases.

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Step 7 : Lengthy Check Out Process

Do not ask for unnecessary information at registration.

Offer option of complete registration after complete transaction or before leaving check out process.

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HAPPY E-COMMERCING !!!

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