Almost 70% of online shoppers abandon their shopping cart
There are plenty of reasons online shoppers abandon shopping carts before making a purchase. Some may be reacting to the fact that shipping charges and taxes don’t appear until they’re asked to place their orders. Others may have security concerns about sharing their personal information (like their credit card numbers). And for some, an interruption pulls them away from their computer, like a phone call, or someone knocking on their door, or dinner burning on the stove.
But whatever the reason, an alarmingly high number of consumers are abandoning shopping carts. In fact, according to the Baymard Institute the number is almost 70%. Some eCommerce businesses view those lost sales as irrecoverable. Typically, they make incorrect assumptions about the reason consumers walked away. Perhaps they think those people don’t like their business anymore, or that they’ve jumped to one of their competitors. Those could prove to be costly assumptions.
The truth is that approximately 75% of sales lost through shopping cart abandonment can be recovered, but you need to use some smart strategies to succeed in recovering them. One of the best ways to bring people back to your shopping cart is through shopping cart abandonment eMails.
Why Use eMail Remarketing and Shopping Cart Abandonment eMails?
Email remarketing (shopping cart abandonment eMails) involves sending an email to online shoppers who’ve abandoned your shopping cart. According to Internet Retailer, 66% of all sales recovered from abandoned carts come from these emails. One of the reasons is that consumers pay attention to them—for example, the open rate for these emails is 57% compared to just 21% for all other marketing emails.
To maximize sales you recover from abandoned carts, you need to employ best practice strategies, including the following 3:
Send Your Shopping Cart Abandonment eMails As Soon As Possible
The more quickly you send your cart abandonment email, the higher your conversion rate will be. For example, on average emails sent within 20 minutes of cart abandonment achieve a 5.2% conversion rate. That drops to 4.9% at 40 minutes, 4.5% at 1 hour, and 3.6% at 1 to 4 hours.
If you wait a full 24 hours, your conversion rate will be just 2.6%, one half of what it would have been if you’d sent your email immediately.
Know What to Include in Your Subject Line
What you put in your subject line matters for any kind of email, but it’s especially critical when you’re trying to bring consumers back to your website, and back to their abandoned shopping carts. For example, the most important element to include is the name of your company (probably because this tips off consumers that your email has to do with their abandoned purchase). The most important things to include in your subject line, and their associated open rates, include:
- Company name: 53%
- Product details: 52%
- A customer service tone: 46%
- An urgent tone: 44%
- The consumer’s name: 38%
Make It Easy for Customers to Return to Your Website
The body of your shopping cart abandonment eMails is at least as important as the subject line. For example, it’s important to include a link in your content that makes it as easy as possible for consumers to get back to the cart they abandoned, and to frame a clear and simple call-to-action, such as “complete your order.” Remember that one of the reasons people abandon carts is that they found something about the process inefficient. This tells you that making their shopping experience more fluid will help to push them back to your business – and your shopping cart.
Other useful links to embed in the abandoned cart eMail include:
- Continue shopping
- Cart products
- Social links
- Navigation bars
- Promotional banners
Getting Started with Triggered eMail Marketing
Many eCommerce marketers will tell you that attempting to re-engage online shoppers who have abandoned their shopping carts is a waste of time, but if you press them, they’ll probably admit they never tried. They never tried because they were guided by specious assumptions rather than reliable data. Or they simply don’t know how to get started with shopping cart abandonment eMails or a triggered email program.
If you would like help with setting up shopping cart abandonment eMails to reduce your cart abandons, we can help! Contact us today or give us a call at 513-469-3345.