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How are you handling your shopping cart abandonment?
The first step is for you to track and recognize how many shoppers are leaving items in their carts without finalizing the purchases.
If you’re not addressing it, you’re missing out on sales.
Take a moment to ask yourself how you can improve the customer experience.
Is there a problem with your conversion funnel?
This is a basic visualization of how companies create conversions.
First, the consumer becomes aware of your brand, products, or services.
Next, they have a need or want that sparks interest in something more specific.
Once the consumer knows what they want, they consider the purchase.
Adding a product to their shopping cart definitely qualifies as the consideration part of this conversion funnel process.
They are just one step away—or even one click away—from finalizing the sale.
So, what’s the problem?
Let’s take a look at a conversion funnel with some holes in the process:
If customers are getting all the way to the shopping cart, I’m willing to bet you don’t have a problem with your homepage or product service page.
What about your contact page or customer service information availability?
It’s possible the customer doesn’t feel comfortable finalizing the purchase based on the provided information about your business, reputation, warranty, or return policy.
But again, they’ve already made it to the checkout page with items in the cart.
So, I think this is another unlikely scenario.
The issue has to be in the final step of your conversion process.
I’ll show you some techniques that will minimize shopping cart abandonment on your platform and increase your conversion rates.
Your prices may be deterring the consumer from finalizing their purchase.
Look, I get it.
Obviously, you’re trying to make a buck.
I’m not telling you to start giving everything away.
You should be making a healthy profit on each transaction.
With that in mind, let’s take a look at some numbers:
Unexpected prices are the number one reason why customers are abandoning shopping carts.
So, the initial price of your item might be okay.
But the added charges are turning customers away.
Some examples of these extra charges may include:
Is there a way you can eliminate some of these?
Here’s an idea.
Maybe you can take on the shipping fee.
Instead of putting that burden on the customer, you can adjust the original prices of your products to account for the shipping charges.
Will the customer end up paying more?
Yes.
But it’s not an unexpected charge.
You’ve got to find a middle ground.
Based on the graph above, the price was a factor in three of the top four reasons why people abandon shopping carts.
Try to keep your prices competitive while still generating a nice profit.
You may end up making slightly less money each transaction, but it’s worth it if you can increase the transaction rate.
In the last five years, 46% of Americans were victims of credit card fraud.
That’s an alarming number.
Americans are the targets of nearly half of all the credit card breaches worldwide.
Consider these numbers for a second.
Have you had a credit card breached?
Do you know someone who’s been a victim of credit card fraud?
This is a legitimate concern for people.
Your customers may have had a bad experience in the past, and that is making them hesitant about online purchases.
The purchase process on your website needs to be secure.
You are responsible for your customers’ credit card information.
Don’t be the reason for their accounts getting hacked.
Take the proper security measures and place the corresponding badges on the checkout page, similar to the graphic above.
Make sure your website is secure.
Is your website running on an HTTPS connection?
Look at the example from Dick’s Sporting Goods:
See the secure sign?
It makes the consumer feel more comfortable at the checkout page.
Personally, it’s a red flag for me if I don’t see this while I’m shopping.
I won’t be entering any of my personal or credit card information on a web page that’s not secure.
Quick side note: notice Dick’s offers free returns on its apparel?
I wanted to point that out as well. It makes the customer feel better about the checkout process.
A secure website and checkout process need to be a priority for your ecommerce store.
Obviously, you want customers to have an account with your company.
It’s a great way to track their behavior and keep them informed of special offers and promotions.
However, you shouldn’t be forcing people to create a user profile just to make a purchase.
Why?
If your website doesn’t have a guest checkout option, you’re making a mistake.
Here’s an example from Lululemon of the guest checkout option:
It’s a really clean checkout page.
There are two clear options.
Returning users can easily sign into their accounts, and customers without an account can proceed without creating one.
This ensures you aren’t losing sales.
Here’s the thing, though. In order to complete the checkout process, the customer still needs to enter their information.
You’ll have their name, email address, location, and other information.
Once the sale is final, you can entice them to create an account.
All they need to do is create a password.
You already have everything else in your records, so they don’t need to submit information twice.
Here’s a great example of what this should look like:
Give the customer a reason to create an account.
Refer to the image above.
What’s the customer getting in return?
But they shouldn’t be forced to create a profile just to make a purchase.
Make sure that’s optional.
What kind of payment options are you accepting?
Visa only?
You don’t accept Discover cards?
I understand.
Certain credit card companies have higher processing fees than others.
Accepting transactions from PayPal or similar platforms could be even more costly.
By not accepting certain payment methods, you could be turning customers away.
You might think that everyone has one of the credit cards you accept, but that’s not always the case.
Give the consumer lots of options.
Do you accept Apple Pay?
There are nearly 86 million iPhone users in the United States.
Last year, Apply pay transactions grew at a 50% rate.
These numbers show alternative payment methods are trending upward.
Don’t fall behind the curve.
If you’re accepting only one or two payment forms, it could be the cause for your shopping cart abandonment.
The customer gets to the checkout process only to discover you’re not offering their preferred payment option.
Is your website mobile friendly?
Is the checkout procedure optimized for mobile devices?
It needs to be.
Research shows 84% of smartphone users have experienced a problem completing a mobile transaction.
And 40% of users will go to your competitor after an unsatisfactory experience on your mobile site.
What do these numbers tell you?
People want to shop on their phones.
Here’s some additional information about mobile users:
Nearly 5 billion people have a mobile device across the world.
Of course, not all these people are your potential customers.
But a large chunk of them could be.
Don’t alienate people from shopping on their mobile devices.
It’s estimated that half of ecommerce transactions take place on mobile platforms.
That number is only going to grow.
If getting to a laptop or desktop is the only way for your customers to shop, it could be hurting your sales.
Make sure your checkout procedure is optimized for mobile devices to decrease your shopping cart abandonment rates.
How unique is your product or service?
Chances are, you don’t own the space outright.
You have plenty of competition.
It’s not always easy to compete with the big players like Amazon or Walmart.
Earlier we looked at a graph that said 36% of shoppers abandoned a shopping cart because they found a better price elsewhere.
If your prices are higher, that needs to be justified.
Make sure your quality and service are outstanding.
Your customer needs to understand this.
The website needs to load fast.
Don’t make the process too complex.
We know that 25% of shoppers will abandon their shopping carts if the navigation is too complicated.
They will go to your competitors instead.
Be aware of how your competitors are operating.
It’s always helpful to use competitor analysis tools to improve your traffic.
Okay. So you may not be able to prevent everyone from abandoning their shopping carts.
Even if you decrease the abandonment rate, you won’t get that number down to zero.
Where do you go from here?
Don’t give up just because a customer abandoned their cart.
If you have their information, reach out and send them a reminder.
Here’s a great example from Saatchi Art:
This email accomplishes a few things:
The reminder alone may be enough to get the customer to finalize their purchase.
But if it’s not, it creates a sense of urgency by saying “high sell-out risk.”
We’ll get into some more detail on this method shortly.
It also provides an extra incentive by offering a 10% discount.
Earlier we discussed that customers are price sensitive.
They may have abandoned the cart for financial reasons.
Giving the consumer a discount will show them you care.
That promotion may be enough of a reason for them to finish the checkout.
How long does it take the customers to make a purchase on your site?
Every extra click they have to make gives them a chance to second-guess their decision.
You can run an A/B test to see which checkout procedure is more successful.
Let’s look at a couple of examples.
Here’s the checkout progress bar from Crate & Barrel:
It’s a quick checkout process.
Three steps and done.
Here’s an example from another website:
Their process is six steps.
That’s double the number of Crate & Barrel’s process.
If you have a long checkout system, I suggest you shorten the process significantly.
Still not convinced?
Run an A/B test.
Use your current system as the control group and a shorter version as the experimental group.
See if you notice a difference in your shopping cart abandonment statistics between these two groups.
Earlier I mentioned that Saatchi Art created a sense of urgency with their abandonment recovery email.
FOMO—the fear of missing out.
You can do this on your checkout page as well to reduce cart abandonment.
Some customers are just browsing.
New customers most likely won’t buy something on their first visit to your website.
But you can give them an extra incentive to finalize their purchases.
Create a sense of urgency.
I’m sure you’ve seen phrasing like this before while browsing online.
Hotels and airlines do this all the time.
Act now, or miss out.
You can incorporate this psychological strategy into your checkout process to minimize cart abandonment.
Shopping cart abandonment is a problem for your ecommerce website.
You’re not alone.
It’s not too late to make changes to your checkout process to prevent future cart abandonment.
Follow the advice above to keep your abandonment rates low while increasing your conversion rates and revenue.
Customers are price sensitive. Don’t hit them with any unexpected charges.
You need to accept multiple forms of payment while also making sure the payment procedure is completely secure. Customers won’t shop on your website if they think their credit card information is at risk.
Don’t force shoppers to create a customer profile to check out. Instead, offer a user account as an option after they complete the process.
Make sure your site is optimized for mobile devices. If not, your customers will go to your competition.
The checkout process needs to be short. You can run an A/B test to play with different options and formats.
Create a sense of urgency to avoid cart abandonment: if the customer doesn’t act now, they may not be able to get this product in the future.
Even if someone abandons their cart, it’s not too late. Send them an email to remind them about the product.
You can also offer a discount or promotion as an extra incentive to finalize the sale.
How will you implement these methods on your ecommerce checkout page to minimize shopping cart abandonment rates?
Design Inspiration: 15 Exciting Website Advertising Campaigns written by Guest Post read more at Duct Tape Marketing
The online advertising campaign is one of the most influencing marketing tools today. The secret of its striking effect is hidden in the peculiarities of human perception. Near 90 % of the information, people perceive visually. Thus, the visual effect which is used in design plays a determinative role in advertising. Using them correctly, you have all chances to modify reality according to your business purposes and create an inspired, memorable and well-directed advertisement.
We would not go in the depth of the theory of marketing approaches and rules just demonstrate you a few of the best latest campaigns. For your better understanding of the tools and marketing strategies which have brought them success read a few words about meaningful tricks helping to develop inspiration marketing design.
Your campaign should motivate people to buy your product since it should be aligned with the needs and interests of your target auditory. Thanks to digital tools for investigating and gathering data about internet users you can find needed information in a few clicks. Remember, data matters for being in touch with your clients.
Despite focusing on the product, the advertisement should have the social background. Advertising report of Nielsen’s Global Trust shows that the most resonating in marketing context are humorous, value- and family-oriented, real-file situations.
Colors you use for designing advertisement matters. The scientists have proved the strong interrelation between hues and human feelings. You should know exactly what emotions you want to provoke in your audience. To choose the background, you may address to Robert Plutchik’s wheel of emotions. Consider, the saturated and rich colors are currently in trend. Indeed, coloristic should be balanced and look natural.
The advertising message is the core element of the marketing campaign. It should be short, clear, extremely focused and appealing to audience’s aspirations. It is worth admitting that typography style is the primary tool for making accents. Large, rich and contrasting typography is today the central trend of web design 2017.
2017 Internet Advertising Competition Award, Best Advertising Online Ad,
Promoting the horror series “Damien,” companies registered “Page Six SixSix” with incredible topical banner and live action video. They created the analogy with Devil hinting on the horrible essence of the series and mystical context. The emotion of horror was transmitted through each element of design.
2017 Internet Advertising Competition Award, Best Advertising Website
Presentation of the first autonomous flying sleigh appeals to the child’s beliefs of everyone. At the same time, they virtuously link these beliefs to the new opportunities of their product saying:
“ Innovation Just Got a New Face. Santa Got a New Sleigh”
2017 Internet Advertising Competition Award, Outstanding website.
The website was created to inspire potential employees and clients. Just from the campaign’s start, company’s staff has grown by 50% and 7 clients were added.
2017 Internet Advertising Competition Award, Best Advertising Rich Media Online Campaign.
Marketing purpose: engaging viewers using the classic Tootsie Roll character Mr. Owl, increasing engagement through device motion gestures, incorporating a game for kids and appealing to parents with a nostalgic look at a Tootsie Roll campaign.
2017 People’s Voice, Website: youth
It is the bright example of targeting: colors are bright and incredibly enjoyable, thematically imagery and elementary functional – all what is good for children visual perception.
2017 Webby Awards, People’s Voice
This campaign brightly demonstrates the importance of social context. The message: “Thanks 2016. It was the weird” captures people’s attention and then claims about program’s improvements.
2017 Webby Awards, People’s Voice, Website: Best Use of Video or Moving Image
As in the previous example, we can see that urgently social advertisement was rewarded with people’s voice. Indeed, all the social background is actualized by means of sounds, colors, movement’s effects – all is now in marketing and web design trends.
2017 Webby Award Winner, Web Personality (Channels and Networks)
A simple and clear advertisement which demonstrates successful using of trend elements: a large typography, calm but rich hues, minimalism alongside eloquence.
2017 Webby Award Winner
An example of crafted combination between the text message and visual effect: one help remember the other; brilliant interplaying looks holistic – as it should be.
2017 People’s Voice / Webby Award Winner, Best Home Page
One more web design trend 2017 – video effect as the Home Page. The fact that the company has got both people’s voice and professional reward confirm that this marketing approach works.
2017 People’s Voice / Webby Award Winner, Best Use of Animation or Motion Graphics
Classical combination of white and dark focus attention on animation and core advertisement message – Google Play music is the way to the light.
2017 People’s Voice / Webby Award Winner, Best Visual Design – Aesthetic
The word ‘breathtaking’ is used not accidentally in the text message. One can see that the image, combination of colors, nature’s landscape and phenomena alongside the design idea create a really breathtaking effect.
2017 Webby Award Winner, Websites: Corporate Communication
You can here see contrasting typography and its appealing effect: the word “Ahead” is larger and more saturated to appeal people’s striving to be always “Ahead” of the others. Light blue color – color of lightness and elevation; what can be better associated with the safety of fly?
2017 People’s Voice, Best Cultural Blog/Website
Effective use of the images with the background of the real life’s stories
2017 People’s Voice, Websites: Financial Services/Banking
One more bright demonstration of emotional appeal: the words “free” and “freedom” appear twice in the text message. Background greatly enhances the human emotional need for being free.
It is the short list of the Internet Advertising Competitions’ winners, but just a few examples brightly demonstrate the core marketing tricks and reflect the latest tendencies in the web design and advertisement. Even if you have not found here anything consonant with your vision, you should be already charged with the inspiration to act. Do not delay for later, the trends and tricks are changing in an extremely short period.
Petra Mainer, the novice solopreneur (founder of GradeScout), studies Information Management, and now she is eager to start writing about everything worth reading in the digital sphere. Follow her on Twitter.
The post Digital Marketing News: LinkedIn Top Content, Twitter Gets Character & Apple Goes Google appeared first on Online Marketing Blog - TopRank®.