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:
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.