Increasing E-Commerce Conversions on Your Online Store
The coronavirus has undoubtedly fueled a massive shift in consumer shopping behavior, including increasing e-commerce conversions. More people are shopping online for more types of items than they ever have. Fueled by a more digital lifestyle, experts project that global e-retail sales will grow to $4.8 trillion by 2021. Despite the increase in online shopping, 88.05% of online orders in March 2020 ended in shopping cart abandonment. With more people shopping online, eCommerce stores must put greater consideration into the eCommerce buyer’s journey to increase conversions.
So for today’s article, we thought we’d take a break from talking about the ins and outs of credit card processing a bit. Instead, we’ll address better ways to enhance the eCommerce customer journey that will lead to customer satisfaction and increased purchases.
E-commerce Shopper Behavior
Online shopper behavior, or the buyer’s journey is described as the process buyers go through to find, evaluate, and decide to purchase a product or service.
There are three stages to the process:
1st Stage: Buyer becomes aware they have a problem.
2nd Stage: Buyer researches and considers options to solve it.
3rd Stage: Buyer chooses a solution and decides to purchase it.
But there is a journey within the journey that begins when the buyer lands on your site. After the buyer researches their options, and before they choose the solution, they land on your site. Once on your site, they begin a whole underlying journey before they pick the exact product, put it in their cart, and buy it. It is this portion of the journey that we will focus on.
This part of the customer journey focuses on user experience. The tech world often refers to this as UX. User experience is about how the customer feels about their engagement with your website, your products, and purchasing from you.
Website owners can positively affect the customer throughout the purchase process. By paying attention to a few details in various areas along the journey, you can influence a person’s decision to buy from you. Some details have to do with how they view the website itself, others have to do with gaining consumer trust. And the most important revolve around reducing friction at the purchase stage.
So given that we understand it’s the feel or experience of the entire customer journey that leads to a purchase, we must pay attention to details along that journey.
Developing Online Stores for Increased E-Commerce Conversion
The eCommerce buyer’s journey starts the moment they land on your website. From the moment the shopper lands on your website, they’re deciding how they feel about you. You only have a split second to make a good first impression. You want your home page to be uncluttered with a clean and simple design. But it must have a clear purpose that quickly shows the buyer what they will find there.
Without even knowing it, consumers pay attention to how fast your website loads. It’s got to be super fast. Slow-loading websites cost you customers and brand loyalty. Studies show that slow-loading web pages increase site abandonment by 75%. In addition, 52% of consumers say their brand loyalty is influenced by a quick loading site. Your site must be super responsive if you want your customers to spend any length of time on it. One way to increase site speed is to optimize images for faster loading. eCommerce sites are full of product images, so it’s very important they aren’t slowing down your load speed. Google’s page speed insights is a great tool for measuring your site performance.
Increase Conversions with Geo-Location
Use geolocation targeting. You want your website to display correctly for whoever is visiting. If it is being accessed internationally, you want the webpage to display the proper language for the visitor. Geo-location can also help you display the most relevant ad or products for the region. This way your site presents the right offer to the right customer at the right time.
Mobile Friendly Website for ROI and Online Shopper Conversion
Over 51% of organic searches happen on a mobile device, but if they can’t navigate your site, they can’t find what they need. And if they can’t find what they need, they’ll move on faster than you can say go. In fact, while average shopping cart abandonment hovers at just under 70 percent, it soars to 80.79% on mobile devices. This is a problem since more people are shopping on mobile devices these days than on any other device.
For eCommerce companies, it’s more important than ever to be fully optimized for mobile users.
Intuitive Search Tools
Businesses can create a tailored experience for customers by understanding the way they search for items.
Search queries continue to be an area of extreme lack of even the top-grossing eCommerce sites. Across the board, eCommerce search is much harder to use than it should be and there is clearly room for improvement.
Many websites aren’t as inclusive as they should be with their search query parameters. Your search queries are how consumers find the products they need on your website. It’s also the first place they turn to find non-products such as the return policy or shipping information.
It’s hard to determine which types of search terms customers will use. One consumer might type in “flower pot”, another might use the term planter. There may be misspellings while they’re searching, or even regional slang differences. All of these needs to be considered when putting in product descriptions for search parameters.
If your site doesn’t support varied search queries, people will have a hard time finding products. It may show them fewer or irrelevant results than actually exist.
This is another place where extensive mobile use comes into play. 60% of mobile users turn to the search function first instead of the drop-down category menu when looking for products.
Keep in mind that SEO factors such as site speed and user experience are two of the most important elements of a great website. It may mean ditching less important design elements, especially if they slow your site down.
It’s clear that by updating your search capabilities to support a handful of query types, you can greatly improve the customer experience. Once customers can find the products they want they can buy the products they want. And you’ve greatly increased conversion rates.
Informative Product Listings
Product listings are also a common area where customers lose conviction. Product listings should be full of information. Of course, they should include the basics such as clear descriptions, price, and availability. But they should also offer additional information that supports the decision-making process. Including information regarding washing instructions, material type, dimensions, and product reviews help the buyer decide if it’s the right product for them.
Shopping Cart Abandonment with a Fast Website, Cart and Checkout
Shopping cart abandonment is a consumer habit that plagues eCommerce. Any uncomfortable situation right at the time of payment can cause the consumer to walk away from the deal. But the number one reason they leave is extra costs for shipping and tax. After that, the top reasons include a complicated checkout process, having to create an account, unsure of the total cost, and lack of trust in the site. The good news is that most of these issues are easily fixable.
There are a few simple things you can do to reduce frictions that lead people to leave without buying.
One way to reduce friction is to streamline the checkout process to include only the necessary steps. Including a progress bar during the checkout leads the customer to the purchase. Progress bars help customers know where they are and how many steps they have left before they’re done.
Also, be sure to provide a “review” purchase page before they’re required to enter payment information. Unexpected fees for shipping and taxes account for 63% of cart abandonments. The “review” allows customers to review the products in their cart and make sure they’re the correct ones. It also gives them the opportunity to see a total that includes shipping fees and taxes and consider shipping times. This way they are sure of all information before having to enter payment information. If they’re not happy with any of the elements, they may still leave at this time. However, consumers are more likely to leave the cart if they have to enter payment information before they know the total costs.
Another way to reduce surprise costs is to add a shipping/tax calculator to your product pages. This way consumers can see the full price they will pay for an item upfront. Being transparent and upfront about all costs will also help you gain consumer trust.
Make sure you include a link to your “Shipping and Delivery” page so consumers can easily navigate to it for more information. And have a clear return policy. All these small steps combine to help reduce the customer’s fear of buying and ultimately increase conversions.
Streamline Checkout for Increased E-Commerce Conversion
If there’s one thing that can put a damper on a pleasant eCommerce buyer’s journey it’s being told what to do. Forcing people to create an account to checkout only undermines your goals. More than ⅓ of all shoppers leave a site if they can’t checkout as a guest. (Statista, 2019).
Build trust in your brand and your payment security measures. Building trust is a huge part of the customer experience and a key factor in shopping cart abandonment.
In addition to a valid SSL certificate, prominently display common trust symbols throughout the website. When consumers see trust symbols from companies they recognize, it builds confidence in your site security. Display security symbols such as VeriSign, TRUSTe, and Norton on your checkout page and throughout the website. It is also smart to include the BBB since consumers see that as a sign of good standing. When you take steps to build trust throughout the whole journey, you increase confidence in buying from you when the time comes.
Multiple Payment Options for Increased Conversion
People like choices and they want to know they can pay with their preferred payment method. If they get all the way to the checkout and can’t find their payment method offered they’re more likely to leave than choose another. Your merchant account provider can help you with the payment methods that are most popular with your target market. And don’t forget that all of your payment methods must be mobile compatible in order to increase e-commerce conversions.
Use data to your advantage to improve the buyer’s journey and increase conversions.
Fortunately, experts know a lot about the buying and shopping habits of consumers. By implementing strategies that reduce friction within the eCommerce buyer’s journey, we can improve user experience. Removing these frictions and improving the user experience can lead to a 35.62% increase in conversion rates. That’s not too bad, considering eCommerce merchants are always looking for ways to increase conversions. While there are many ways to increase conversions, starting with your own website and how your customer interacts with it is a great place to start.