written by Cathy, VisibilityUnlimited.com
I was talking to a friend tonight and she mentioned that she had a very high cart abandonment on her website. Experts say that ‘high’ is anything over 20% and if your shopping cart is higher, it would be to your financial interest to figure out why.
So I did a little research and found the reasons for consumer cart abandonment. But the number 1 reason is because of high shipping charges.
Other reasons consumers abandon e-commerce shopping carts are because they want to:
Because this is such a wide discussion, today I am only going to talk about high shipping charges. So how do you fix this issue? Well the obvious solution is to adjust your shipping charges. Can you revisit your costs and negotiate a better rate with your shipping company. Crunch your numbers folks, get your shipping charges in line with your competitors. This is a very important step to online selling.
Another idea is not to surprise your customer with the charges and have an ‘estimate your shipping charges’ program on your main site, so your customer does not go through the troubles of checking out and then realize that the shipping charges are to high. There are programs (or you can have one written), that shows you who left their shopping cart and you can see if you can save the sale with a phone call or email. Check your shopping cart software to see if they offer either option. I have also seen with companies that have pop up boxes that you can offer a % discount after they bail on your site, just to sway the possible customer come back and complete the sale.
Is FREE shipping expected to consumers? In this economy, it doesnt hurt. Online consumers are not expecting free shipping on every product but they are expecting reasonable shipping charges. You don’t have to offer free shipping for every sale, put a dollar value on it and watch your sales increase.
Because your e-commerce site is so important to you, have outsiders (family, IMA members, customers) go through your checkout process and let them be brutally honest with what their opinion is, as a consumer, and let them tell you what is wrong. It can only help.