Do you know what percentage of online shopping carts are #abandoned before purchase? 🛒 According to the Baymard Institute it’s nearly 70%. 70%‼️ But why do shoppers abandon their #carts? Here are some interesting facts: #1 Unexpected extra costs 💸 Depending on the study, results show that anywhere from 40% to 60% of shopping cart abandonment is due to unexpected additional costs such as shipping, taxes, or other fees. #2 Forced account creation 🔑 The second most common reason for abandoning shopping carts is the need to create a new account in the store system - up to 37% #3 Complex #checkout process 😵💫 A complicated or time-consuming ordering process makes customers more likely to abandon their shopping carts. Each extra step, especially those asking for new information, increases this risk. In fact, 28% of online shoppers abandon their purchases because of this. How to combat this challenge? 🤔 We have prepared a special graphic that compares 3 types of notifications: #email,#push and #sms. Each has its advantages and disadvantages, although, in our opinion, SMS communication wins over the others – it has the highest #deliverability and #effectiveness.🏆 How do you send text messages to your customers? There are several ways. You can use: 👉 specialized #plugins (depends on the platform you have a store on) 👉 functionality of some large systems for automation (Twilio, Zapier, Make) 👉 Use third-party SMS services (SMSAPI) or... 👉 you can get a customized solution tailored to the specifics of your business. Not sure what to choose? DM to Robert or Łukasz – we can help you find the perfect way to tackle your challenges.
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In 2023, the share of online shopping carts that is being abandoned reached 70 percent for the first time since 2013. A higher than normal abandonment rate could be caused by a variety of reasons including a complex checkout process, shipping costs, required sign up, or limited payment options. To put it simply...Put the customers needs first! Your website purchasing process needs to be designed with 'user-friendly' aspects being a priority. Try and reduce unnecessary costs where you can, and provide value to the customer. #abandonmentcartrate #abandonedcart #conversionrate #ecommercestores #funfact #digitalmarketing #innovatedigital
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Top 6 Reasons Why Users Abandon Carts🛒 💡Did you know that, on average, a staggering 70.19% of carts worldwide are abandoned by online shoppers? 🛒Cart abandonment, where users add products to their shopping carts but leave the website before completing the purchase, poses a significant challenge for online retailers, impacting their revenue and conversion rates. Here are the top 6 reasons why users abandon carts, based on data collected by Baymard Institute: 📌High Extra Costs: Unexpected shipping fees, taxes, or additional charges can deter users from finalizing their purchases. 📌Mandatory Account Creation: Requiring users to create an account before checking out can be an obstacle as some may prefer a faster, guest checkout option. 📌Slow Delivery: Lengthy delivery times can discourage users who seek quick gratification from their online shopping experience. 📌Lack of Trust: Concerns about website security may lead users to hesitate when sharing their credit card information. 📌Complicated Checkout Process: A lengthy or convoluted checkout process can frustrate users, prompting them to abandon their carts in search of a simpler option. 📌Lack of Transparency on Order Costs: Users prefer to see and calculate the total cost of their order upfront, and the absence of this information may discourage them from proceeding with the purchase. Understanding these reasons behind cart abandonment is crucial for online retailers to devise effective strategies to tackle the issue. By addressing these pain points, retailers can reduce cart abandonment rates, boost conversions, and enhance overall customer satisfaction. #cart #cartabandonment #reason #ecommerce #customerexperience #customersatisfaction #conversionboost #slixta #slixtaformarketers
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💡 Are You Making This Costly Mistake as an Digital products owner? 💰 Many e-commerce and digital product owners make a costly mistake that can hurt their revenue, here's how: They're not taking advantage of tools to track abandoned shopping carts or send automated recovery emails to their potential customers who abondoned the cart before doing checkout. Cart abandonment? It's when a buyer reaches the checkout, fills in details, but leaves without completing the payment. Did you know that various factors, like OTP issues, cart failures, checkout glitches, or even a change of mind, lead to payment failures in the online world? This results in missed revenue opportunities, which could be easily salvaged by utilizing cart abandonment data platforms and automating recovery emails. It's a game-changer that turns missed revenue into actual profit! 📈💰 #EcommerceTips #CartAbandonment #RevenueBoost"
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Turning challenges into victories with We Tree Kings! 🌟 Our mission was to boost conversion rates and enhance the online shopping experience. With a redesigned checkout flow and enhanced upselling techniques, we observed an impressive improvement in conversion rates by 4.94x. Check out the full story in our latest case study ➡️ https://lnkd.in/e59-ZWB2 🚀💼 #Favoured #Ecommerce #ConversionRateOptimisation
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Abandoned carts may be an ecommerce headache, but they can be avoided. 🛒 Optimize your checkout conversion and reduce abandoned carts by making it easier for your customers to pay: https://lnkd.in/ga-ity6Y #checkout #abandonedcarts #checkoutconversion
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Say goodbye to cart abandonment with a streamlined, secure checkout process. 📈✅ Turn your e-commerce site into a customer magnet 🧲 and a sales powerhouse 💪 with our expert tips and tricks. Start now by reading our blog post: https://lnkd.in/gyjdBN2z Let's build an online store that stands out in the digital crowd! 🎉 #EcommerceTips #GrowYourBusiness #10comExperts 📊🖥️
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Unlock Hidden Revenue with Our Checkout Recovery Service Did you know that nearly 70% of online shopping carts are abandoned before purchase? Our research-backed Checkout Recovery Service is designed to tackle this issue head-on. We leverage data-driven strategies to re-engage lost customers, ultimately unlocking hidden revenue for your business. Let's turn missed opportunities into successful conversions. 💼💡 #EcommerceSolutions #CheckoutRecovery #LostCustomers #WhatsAppMarketing
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CEO Green Retail Consulting I Scaling retail businesses through actionable data analytics | Implementing store transformation I Designing and implementing sustainable operations and supply chains | WBENC WOSB Certified
🚀 Is Your Checkout Process Costing You Sales? 🚀 In the fast-paced world of online retail, the checkout process is one battleground where sales are won or lost. A cumbersome checkout can deter even the most enthusiastic shopper, leading to abandoned carts and lost sales. Recent studies suggest that simplifying your checkout process could boost conversion rates by over 35%. That’s a significant uplift, considering that the average cart abandonment rate hovers around 70%! From reducing the number of steps to integrating seamless payment options, small changes can lead to big wins for retailers. What simple tweaks could you make today to streamline your checkout process and keep those potential customers from clicking away? Let's chat in the comments below about innovative strategies that have worked for you. 💡💬 #DigitalMarketing #RetailInnovation #SalesGrowth
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Chief Marketing Officer at SBS | Facebook & Google Ads | I Help Businesses Grow Through Data-driven Marketing Strategies.
Imagine this: you've spent hours browsing, adding items to your cart, and finally reaching the checkout page. Then, bam! A wall of forms, cryptic instructions, and unnecessary information requests appears. Suddenly, the excitement of your purchase fades, replaced by frustration and the urge to abandon your cart. This, my friend, is the dreaded cart abandonment, and it's a major pain point for e-commerce businesses. Studies by the Baymard Institute reveal a startling truth – 47% of online shoppers abandon carts due to a lengthy or complicated checkout process. This isn't just a minor inconvenience; it's a missed opportunity to secure sales. Why? Because customers, particularly in today's privacy-conscious world, are wary of sharing unnecessary personal information. Every extra field, every superfluous step, adds friction and fuels abandonment. ❏ Research tells all ❏ Studies by Volusion and Sleeknote reveal that 73% of customers want a checkout process with fewer steps and fields. Simplifying the process reduces friction and increases the likelihood of conversion. ❏ Embrace guest checkout ❏ No one wants to create an account just to buy something. Offering a guest checkout removes a major hurdle, especially for first-time visitors. ❏ Security concerns are real ❏ Customers are wary of sharing personal information. Only ask for essential details like billing and shipping addresses, and ensure a secure payment gateway. Remember: Every second your customer spends struggling with your checkout is a second they might be reconsidering their purchase. Make it frictionless, make it transparent, make it a breeze. You'll be amazed at how many abandoned carts magically transform into completed orders. So, stop overlooking the checkout page. It's not just a formality; it's a conversion powerhouse waiting to be unleashed. Simplify, streamline, and watch your sales take flight. #checkout #businesstips #rahatomar #newbusiness #salesgrowth
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