Convincing shoppers to add to cart is just one of the daily challenges of digital marketing teams everywhere - the real concern is making sure digital journeys end in conversion.
A ContentSquare survey of US consumers aged 18 to 65 found that 81% of shoppers had abandoned their cart at least once in their lifetime.
The 25-34 age group has the biggest tendency for cart abandonment (21%), followed by the 35-44 (20%) and 45 to 54 age groups (13%). The three most frequently abandoned item categories are clothing (40%), tech products (18%) and homeware (16%).
But what exactly causes someone to spend time filling their basket, only to get cold feet at the very last minute?
Not surprisingly, ‘money’ tops the list of reasons, with 74% of surveyed consumers citing price as the biggest obstacle to conversion. Others fill up their cart but simply can’t make their mind up once they get to checkout - with 8.9% of consumers quoting ‘too many options’ as their main reason for not following through on a purchase. For 7.95% of consumer, it’s ‘time’ (or presumably, running out of it) that hinders conversion.
The three most frequently abandoned item categories are clothing (40%), tech products (18%) and homeware (16%).
In fourth place is ‘a poor online experience,’ with 7.30% of shoppers blaming an underwhelming User Experience (UX) for their desertion.
There are many levels of engagement to any digital journey, and the challenge for brands is to meet prospects’ needs every step of the way. Disruptors like Amazon have mastered the art of competitive pricing, but there is still much brands can do to incentivize consumers, including offering free shipping, promotions and exclusive member deals.
Behavioral insights that can identify friction points along the customer journey and tell you why users are frustrated will help your teams roll out the optimizations that will keep visitors engaged until the moment of purchase.