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4 Steps to Increase Shopping Cart Conversions

 

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Shopping cart photo by Rick Harris

Among all the interactions an ecommerce customer has with your site, the checkout process is arguably the one over which you have the most control. Still, pitfalls abound, so when it comes to creating a seamless experience for your customers, make sure you start with the cart.

Here's a 4-step strategy you can use to increase your ecommerce website's shopping cart conversions.

Step 1: Identify Key Shopping Milestones

Think for a moment about how you navigate websites. For most customers, online shopping is not a linear process. Purchase decisions today are increasingly made over time and after a number of different touch points. Customers may compare products reviews, check out the shipping page, or leave and come back after an email offer.

  • Use analytics and customer interviews to identify the pages and interactions that most often lead to conversion.
  • Optimize those pages by making them easier to find and navigate.

Step 2: Reduce Clutter and Get Rid of Hoops

Make your checkout process as short and simple as possible. There are enough distractions on the path to purchase; make sure you aren't adding to the noise. Test various versions of your landing pages and checkout process. Create a shopping cart widget enabling customers to add to their cart and continue shopping without leaving the page. Ideally, the checkout process itself should be no more than four steps. Include a progress bar, and only ask for the most essential information. After the submission, you can ask for additional information, including an invitation for the shopper to create an account to streamline future purchases.

Step 3: Automatically Email Customers Who Abandoned Their Carts

Customers might abandon their carts for any number of reasons. Use email automation and nurturing to contact customers who did not complete the checkout process. Entice customers back with a discount or a free shipping offer. An eConsultancy survey recently found that 84% of companies who sent emails targeting cart abandonment saw an increase in conversion. This is one simple step that can go a long way.

Step 4: Reward Repeat Customers

According to the Center for Retail Management at Northwestern University, only 12%-15% of customers are loyal to a single retailer, but that small cadre of shoppers can generate between 55%-70% of the company's sales. This goes to show that your job is not done after the original point of sale.

  • Make your returns as easy as possible.
  • Send specialized deals to customers as their loyalty grows. Whenever possible, link your email automation to actual user behavior, and personalize the messages.
  • Leverage social media to invite feedback and publicly act on that information.
  • Simplify each successive purchase, storing billing information and reducing steps.

Follow these four steps, and your shopping carts will generate higher conversions and grow fuller and fuller every day.

Photo credit: Rick Harris

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Posted by Meghan Keaney Anderson on Mon, Aug 08, 2011 @ 12:00 PM

COMMENTS

Very good article, however I believe that this conversion to purchase begins way before the shopping cart. 
As part of your "shopping experience" you need to connect with the consumer as well as build trust and confidence metrics that make them want to purchase. Worse case scenario is to turn the consumer off, before they even make it to your cart.  

posted on Monday, August 08, 2011 at 12:48 PM by Charles Meyer


Absolutely. That shouldn't be understated, thanks Charles.

posted on Monday, August 08, 2011 at 12:55 PM by Meghan Keaney Anderson


Meghan, 
Can you link to the resource at Northwestern? Reading the resource would be very beneficial as well as educational.

posted on Tuesday, August 09, 2011 at 11:51 AM by Lee Roberts


Lee, 
Sure thing! Sorry about that - I usually catch all of the source links.  
 
Center for retail management: http://www.kellogg.northwestern.edu/research/retail/index.htm 
 
Here's the secondary source where I first discovered the stat: http://www.loyaltyleaders.org/facts.php?catChoice=cat6 

posted on Tuesday, August 09, 2011 at 12:23 PM by Meghan Keaney Anderson


Meghan, 
 
Thanks a million!

posted on Tuesday, August 09, 2011 at 12:31 PM by Lee Roberts


Comments have been closed for this article.