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Shopping Cart Abandonment Rates
#1
Posted 06 November 2006 - 09:42 PM
We are an SEO and Internet marketing firm and I have a new client coming to us with an 80% – 85% shopping cart abandonment rate. There are many obvious problems with the content on pages from which abandonment mostly occurs, and also there are many things not on those pages that should be there.
That said: I am looking for authoritative sources for estimating a range of cart abandonment that might be considered acceptable for retail sites dealing in sports clothing and active outdoor gear. My experience and my instincts suggest that a site not yet subjected to serious work to improve conversion might see abandonment as high as my client, but that a more common range would be 50% - 60%, and with decent work could be held to below 40% abandonment or better.
I’d love to have some opinions on this from the forum. I lurk here often and see excellent commentary across the board.
#2
Posted 06 November 2006 - 10:19 PM
I don't recall seeing them mention any sort of Industry Average or anything like that, but if you can find a case study or two that is close they'll give you Before and After numbers. You'll also get a ton of ideas of things you can try changing or tweaking and get a good primer on how to test to improve conversions.
Over the years I've seen cart abandonment numbers all over the board. Heck, I've seen supposedly (major emphasis there) solidly researched numbers ranging all the way from 75% down to 25% as an industry average. Like you I suspect, I rather doubt there is any such animal as an industry average.
Edited by Randy, 06 November 2006 - 10:26 PM.
#3
Posted 06 November 2006 - 10:21 PM
The one recommendation I'd give you is make sure your cookies are set for a significant length of time to accommodate erratic shopping habits of visitors. Marketing Experiments had a web clinic on conversion erosion some time back too, you might wish to listen to it and reference their notes to understand their testing, results and recommendations. If I recall correctly, final conversions from their tests were months after the customer's first visit.
<edit>lol, Randy beat me to the MEC recommendation ... again, lol</edit>
#4
Posted 06 November 2006 - 10:29 PM
QUOTE(arlen) <edit>lol, Randy beat me to the MEC recommendation ... again, lol</edit> Then had to go back and edit my post after realizing I'd not really answered the question. |
#5
Posted 06 November 2006 - 11:52 PM
Edited by arlen, 07 November 2006 - 12:01 AM.
#6
Posted 07 November 2006 - 08:10 AM
Close to the holidays is NOT when our client needs a high abandonment rate and we'll be working hard to make improvements, fast. If there is interest I'll post comments as things we do make a measurable difference.
#7
Posted 07 November 2006 - 08:21 AM
If nothing else, seeing what worked and what didn't work may help to make others think about their cart and the purchasing process they're making folks go through.
FWIW, the biggest key in my testing seems to be how much friction and buyer anxiety there is in the process. The more of this you can remove, the better conversions tend to be. A very general statement, but worth thinking about.
#8
Posted 07 November 2006 - 09:26 AM
I found an e-commerce research report on their website for on e-commerce usability $45: http://www.nngroup.c...e/strategy.html
Rosemary
#9
Posted 07 November 2006 - 09:52 AM
#10
Posted 07 November 2006 - 01:13 PM
I agree on Nielsen's research. His is a newsletter I subscribe to as well. Thank you for the input.
#11
Posted 07 November 2006 - 02:51 PM
Another of the Marketing Experiments web clinics recordings (and notes) you should definately check out is the subscription pathways clinic. Though the study is for a subscription model, much of what is discussed is quite applicable to retail operations ... it talks a lot about reducing friction per Randy's post above. It's the first of their clinics I ever listened to and I found it very eye opening as it pointed out several ways I could improve my checkout process.
#13
Posted 08 November 2006 - 10:03 AM
** Akamai and JupiterResearch Identify '4 Seconds' as the New Threshold of Acceptability for Retail Web Page Response Times **
Go to: http://www.akamai.co...ess_110606.html and there's a link at the bottom to download the full report. There's good charts and other data.
Rosemary
#14
Posted 08 November 2006 - 02:53 PM
One company I worked with the abandonment rate was around 30% another one is 15%.
Sure way to lower that % is by...
1. Making it easier to purchase
2. Secure seals
3. Less steps to complete the order
4. Tell your shopper what will happen after the place their order. Example .... we'll prepare it, ship in 12 hours, etc)
5. Get rid of any thing on the page that might distract your customer
Another "trick" to use is ........ have your programmer put a code into works that will track any information your customer gave you even if they didn't complete the order. This way you can e-mail them and see if there was a problem or offer a discount code if they finish their order within 48 hours.
Good luck.
#15
Posted 08 November 2006 - 10:18 PM
We have a list of nearly a dozen things recommended for urgent action to clear up the presentation, i.e. buttons that appear grayed-out and disabled, out-of-stock flags on the default size or color that can easily be interpreted as meaning that the product is out of stock, a cart total window that can clear the items but leave an apparent balance, and etc. All heavy duty stuff in my opinion, and a longer list than the site owner anticipated receiving. We'll see, but I believe there to be enough poor design elements on that critical page to support the cart abandonment rate. The numbers are shocking. Drop 85% to 70%, which is still a high abandonment rate, and revenues should double ..... This is a metric every ecommerce site should be watching intently.
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