cart abandonment - presentation

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CART ABANDONMENT

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Page 1: Cart Abandonment - Presentation

CARTABANDONMENT

Page 2: Cart Abandonment - Presentation
Page 3: Cart Abandonment - Presentation

71%

AVERAGE OF CUSTOMERSABANDONING THEIR CART

E-COMMERCE

Page 4: Cart Abandonment - Presentation

71%

AVERAGE OF CUSTOMERS ABANDONING THEIR CART

$0 to $100 CARTS

$101 to $250 CARTS

$250 to $300 CARTS

$300 to $350CARTS

$350 to $400 CARTS

$400+ CARTS

0%

50%

100% 78%

58%

70% 70% 73%

85%

E-COMMERCE

Page 5: Cart Abandonment - Presentation

CARTS

ORDER

4000

3000

2000

1000

0

7/01 7/02 7/03 7/04 7/05 7/06 7/07 7/08 7/09 7/10

INTERNAL DATA

CART : 3475

ORDER : 82AVG ORDER PER DAY : 89

AVG CART PER DAY : 3358

CONVERSION : 2.64%

Page 6: Cart Abandonment - Presentation

CARTS

ORDER

4000

3000

2000

1000

0

7/01 7/02 7/03 7/04 7/05 7/06 7/07 7/08 7/09 7/10

INTERNAL DATA

0.5 - 1%

CHANGE COULD RESULT IN . . .

15 – 30 ORDERS PER DAY

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Page 8: Cart Abandonment - Presentation

EMAIL REMARKETING

FREE GEARTransparency

FREE SHIPPING

Page 9: Cart Abandonment - Presentation

FREE SHIPPING

FREE SHIPPING should be standard

44% OF PEOPLE ABANDON CARTS 30% OF PEOPLE

SPEND MORE

If FREE SHIPPING is standard, there should be a difference calculator

TO SHOWCASE how much you need to receive FREE SHIPPING

Page 10: Cart Abandonment - Presentation
Page 11: Cart Abandonment - Presentation

FREE SHIPPING

FREE SHIPPING should be standard

44% OF PEOPLE ABANDON CARTS 30% OF PEOPLE

SPEND MORE

FREE SHIPPING should be automatically applied

UNEXPECTED COSTS is the biggest reason for cart abandonment

If FREE SHIPPING is standard, there should be a difference calculator

TO SHOWCASE how much you need to receive FREE SHIPPING

Page 12: Cart Abandonment - Presentation
Page 13: Cart Abandonment - Presentation

Turtle  Beach  Headset  Z1

Universal  Travel  Adapter

McAFEE Antivirus  PLUS  2014

$  0

$  0

$  0

*Automatically apply our free gear

Page 14: Cart Abandonment - Presentation

EMAILREMARKETING

REDUCING CART ABANDONMENT

OOP, YOU FORGOT . . .

SIMPLE REMINDER EMAIL

OOP, YOU FORGOT . . .

FREE SHIPPING EMAIL

OOP, YOU FORGOT . . .

DISCOUNT EMAIL

REMIND CUSTOMERS ABOUT THEIR CARTS

Page 15: Cart Abandonment - Presentation

EMAILREMARKETING

OOP, YOU FORGOT . . .

SIMPLE REMINDER EMAIL

OOP, YOU FORGOT . . .

FREE SHIPPING EMAIL

{ FREE SHIP. ON PURCHASES OVER $X,XXX }

OOP, YOU FORGOT . . .

DISCOUNT EMAIL

ABANDONERS SPEND MORE WHEN REMARKETED55%

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EMAILREMARKETING

POTENTIAL THREATS

GATHERING THEIR EMAILS

PERCEIVED AS SPAM

POP-UP to update their order price

LONGERBUYINGCYCLE

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OPTMIZATION

METRICSTESTING AND OPTIMIZATION OVER 2-3 WEEK PERIOD

FOR EACH EMAIL TEMPLATE

USE A BASELINE TO DETERMINE CHANGES IN CART ABANDONMENT

Page 18: Cart Abandonment - Presentation
Page 19: Cart Abandonment - Presentation

OPTMIZATION

METRICSTESTING AND OPTIMIZATION OVER 2-3 WEEK PERIOD

FOR EACH EMAIL TEMPLATE

USE A BASELINE TO DETERMINE CHANGES IN CART ABANDONMENT

%CHANGE

REVENUE

PER EMAIL

Page 20: Cart Abandonment - Presentation

EMAIL REMARKETING

FREE GEARTransparency

FREE SHIPPINGwith a minimum

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CARTABANDONMENT

Page 22: Cart Abandonment - Presentation