How to Decrease Abandoned Cart Rates
According to Baymard Institute’s latest research, approximately $260 billion can be recovered annually from lost online e-commerce sales and abandoned carts. Most carts are abandoned simply because customers are just “window shopping” and aren’t ready to purchase anything yet, but there are many other factors that contribute to carts being abandoned. Read the tips below to see how you can decrease the number of carts your customers abandon. Also look into working with an e-commerce developer to help you get the best results.
Be Clear About Taxes and Shipping Costs Upfront
Over sixty percent of customers abandon carts during the checkout process because they encounter hidden fees as they finalize their orders, and the final costs of their orders are not what they had expected. It’s important to include all costs up front, including shipping costs and applicable taxes. If possible, insert a tax calculator within each customer’s cart. And if you can, offer free shipping and then advertise that you offer it all over your site and checkout pages. Customers are much more likely to buy from you online if they don’t have to pay shipping costs.
Include Trusted Logos
Many customers won’t complete their orders because they don’t see trusted logos on your site or during checkout. Wherever applicable, include logos that prove they can trust you with their personal information and credit card information, such as the “Norton Secured” logo or the “TRUSTe” logo.
Offer Different Payment Options and Guest Checkout Options
In addition to credit card and PayPal options, you should offer Google Wallet or Apple Pay options, as well as any other payment options your customers use. Also, don’t force new customers to fill out a lot of information or register for your site if you can allow them to checkout as a guest. This makes it easier for them to focus on one thing at a time (placing their orders), and it decreases your abandoned cart rate. If you want your customers to register for your site or sign up for something, have them do so after they finalize their purchases, not before.
Optimize Your Site and Load Times
A high number of customers abandon their carts during checkout because the site they were on crashed or took too long to load and process their requests. Remember that customers will take their business elsewhere if it takes too long to buy something from your site. Make sure your images don’t take too long to load and that any ad networks or unneeded social plugins aren’t slowing everything down. It’s also imperative that you optimize your site for mobile devices.
Ensure that Navigation Between Online Store and Shopping Cart is Seamless
If you want your customers to purchase multiple items and update their carts easily, then include a cart icon on every page that allows them to update their carts at any time while they browse products. If it isn’t easy to toggle between your online store and their shopping carts, your customers will only get frustrated and leave.
Allow Users to Easily Save Carts and Wish Lists
Since a lot of customers are only “window shopping” when they’re on your site, let them save items to their carts or to a wish list. This way, they can easily return to the exact items they already know they want when they return to your site ready to buy. This will save them time because they won’t have to track down the items a second time. You can also send reminders to customers with wish lists and items saved in carts to encourage them to return to your site.
Highlight a Progress Indicator on Checkout Pages
It is ideal to have the least number of pages possible during your checkout process. However, if you need to have your customers fill out information on multiple pages, include a progress bar at the top of the page that highlights what page they’re on and how many more pages are left before they finalize their orders. You should also offer an express checkout or single-click options when possible, especially for frequent and repeat customers.