There is some variance to the actual number, but in all, the studies show that roughly 7 out of 10 online shopping carts are abandoned before a purchase is made. Wow. 7 out of 10.
All that hard work (and money) to get a potential buyer to not only interact with your brand, visit your store, select a product(s) and get ready to pay you their hard-earned money goes bye-bye 70% of the time.
For obvious reasons, physical stores don’t have this problem. You may visit a store and leave, but if you drop items into your cart and stand in line, you’re completing a purchase. I’ve never seen a statistic on the number of consumers that bail out of the grocery store line with a cart full of groceries, have you? That’s because it doesn’t happen.
And while we can most definitely put together a laundry list of potential reasons why it happens in a virtual store, we’ll leave that to cool folks like Elastic Path who specialize in setting up and deploying ecommerce. What I can tell you is that with email marketing by your side, it won’t matter. Mostly.
Why it does and doesn’t matter why they leave your shopping cart
Obviously, there are many things within your power that you absolutely should work on fixing to provide the most optimal shopping cart experience and thereby convert more visitors into paying customers; design, user experience (like my friends specialize in over at MadPow), price pointing, special offers, etc. But at the end of the day, you can often find yourself doing all the right things and still, Junior gets into a fight with Missy. I close my browser by mistake with items in my cart. Or heck, I just decide to wait for any number of reasons. The “why” of abandonment we agree could be almost anything. Hey, people are fickle.
So by all means, do everything in your power to provide an optimal shopping and check out experience. But regardless of why they didn’t complete the transaction – you’ve got a secret weapon that doesn’t care and it’s called email marketing.
Real-time cart abandonment email triggers = cha-ching!
The SendLabs cart abandonment solution triggers real-time, automated email follow-ups to your potential buyers, helping to convert abandoned shopping carts into money in the bank. By delivering timely follow-up messages, cart abandonment emails can remind, gently push and motivate lost sales to come back to you. Here’s a few simple examples of how customers use cart abandonment:
- Remind customers of the products they left in their cart
- Cross-sell/upsell complimentary products
- Offer discounts or incentives to complete the sale
- Run surveys to ask why they didn’t complete the purchase
- Trigger special messages after purchase that entice new sales
With a look at your e-commerce goals and objectives, raising the bar with technology that exists can recover lost sales, plain and simple. While effort is required to set up these automated messages, the return we’ve found is recovering nearly 50% of those lost sales. Do the math yourself and ask why you’re leaving money on the table.
To learn more about email marketing automation, and specifically cart abandonment services, connect with me at brett@sendlabs.com. I’d love to hear about your business and e-commerce goals and how we might help.
Brett Houle is Co-Founder/CEO of SendLabs, a New England-based email marketing software company with great customers across the street and around the globe. Follow him up at Twitter: @heybrett and @sendlabs.