Technology & Data
- Big Data
- Tech & Innovation
How to Get Your Sales and Marketing Teams to Work in HarmonyContent Marketing for Midsized Companies: Whom to Target, What to CreateAtri Chatterjee of Act-On Software on the New Generation of MarketersMarketing Automation: What It Is and Why You Need to Know
- Social Tools
Join us September 15th in Atlanta for The Employee Advocacy Summit and learn how to unleash the power of your employees.
Post your event here and we'll share it with our community. If one of our members is featured, we'll promote as well on their profile.
- Marketplace & Webinars
The SMT Marketplace
Your resource for exclusive content and insights from Social Media Today, and opportunities to reach our community of professionals.
The Social Business Book Club brings you books, discussions, and insights from today's to business thought leaders.
Join interactive talks and and panel discussions with leading thinkers and practitioners on social media and networked business, or browse the catalogue of recorded sessions - all completely free.
Reach Social Media Today's community of marketing and communications professionals in an editor-approved context with a native advertising package.
How to Use Email to Capture Abandoned Carts
Posted on July 26th 2013
Executives often ask me how they can eliminate cart abandonment. They receive reports that show thousands or hundreds of thousands of dollars left sitting in online carts. The reports mislead them into thinking that if they stopped people from abandoning carts they would make more money.
It’s easy to eliminate cart abandonment. Create a carting process so demanding that only the most committed customers will complete it and the problem will go away. A better approach is to focus on capturing abandoned carts instead of eliminating them.
People abandon carts for a variety of reasons. The three that matter most to ecommerce companies are:
- Distractions – Life happens and when it does carts are abandoned. People intend to come back to it when things settle down but the best intentions can be forgotten.
- Wishful Thinking – People put items in carts that they would like to have but don’t have the resources to purchase at this time. The cart becomes a working wish list. Offering an option to keep a running wish list reduces the abandoned cart rate and provides an opportunity to convert wishers into buyers.
- Pricing – Your shoppers want to know that they are getting the best price possible. They populate carts and then shop around for better pricing or coupons. Abandoned cart programs that rely on discounts to capture sales have trained people to place items in the cart and wait for the coupon. Don’t fall into this trap because most people who abandon carts for this reason fully intend to buy at any price.
Best practices for capturing abandoned carts begin with getting the email address. Try to get it as early as possible in the buying process without requiring people to create accounts. Forcing account creation increases cart abandonment. According to Forrester, 14% of shoppers report abandoning carts because there isn’t an option to checkout as a guest.
Start remarketing within 24 hours of the abandonment. A study by SeeWhy Research of 65,000 shopping carts sampled from a broad cross of ecommerce sites found that 54% of the shoppers who are going to buy do it within the first 24 hours. An additional 10% buy within 48 hours.
Remarketing is a multiple level process. Like everything else in the marketing world, testing is the best way to find the optimal solution for your company. I recommend starting with a three email campaign that focuses on customer care with a sense of urgency. The data acquired from the test can then be used to expand your cart capture program.
Offering assistance in the first email helps foster trust while reminding recipients that they still have items in their cart. The following email from sharmusic.com leads with an offer to help and quickly follows with a sense of urgency. Noting that product availability cannot be guaranteed if the cart isn’t completed encourages people to act now.
The email makes it easy to contact them by providing an 800 number or the option to reply to the email. One downside is that there are two different telephone numbers provided. Be sure to double-check your emails to insure that the number you want people to call is the only one presented.
Alloy’s simple reminder has a sense of urgency too but it doesn’t have the same emotional pull as the one from sharmusic.com. “Your shopping bag will expire in a few days” isn’t as effective as telling people that someone else may get the items they want.
Emphasize why the customer should buy from your company in the second email. If customers are price shopping, they need to know the benefits of ordering from you to make an intelligent purchase decision. Boot Barn includes a highlighted sidebar to insure people don’t miss it:
The third email is a final notice. Reiterate special benefits to ordering now like free shipping or fast delivery and provide another opportunity to contact customer service if there are questions.
When used wisely, offering discounts can help capture carts. Reducing prices should be a last resort, not a first offer. If discounting is part of your strategy randomly generate the offers so people don’t receive them every time. This keeps people from being trained to wait for the best deal.
This post is an excerpt from 31 Ways to Supercharge Your Email Marketing.