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Tactics To Reduce
Barriers to Conversion
Welcome!
5 Tactics to Reduce Barriers to
Conversion
Sean Cook, CEO of ShopVisible




                                  2
Tactic 1
           3
Optimize Product Search




COPYRIGHT SHOPVISIBLE LLC | WWW.SHOPVISIBLE.COM | 866 493 7037   4
Why?
                                        • 66% of shoppers begin product
                                            research online.


                                        • For those shoppers who begin
                                            product research via Google,
                                            37% move on to a retail hub.


COPYRIGHT SHOPVISIBLE LLC | WWW.SHOPVISIBLE.COM | 866 493 7037             5
6
How?
• If on a commerce platform:
   • Single product found redirect - take searchers directly to the

       product page.

   • Enhanced product weighting – put most searched for items on top.

• If using an in-house solution:
   • Talk to specialized solution vendors.



  COPYRIGHT SHOPVISIBLE LLC | WWW.SHOPVISIBLE.COM | 866 493 7037      7
8
Tactic 2
           9
Include Ratings & Reviews




COPYRIGHT SHOPVISIBLE LLC | WWW.SHOPVISIBLE.COM | 866 493 7037   10
Why?
• Approximately 50% of U.S. Online Shoppers use
  ratings and reviews to inform purchasing decisions
  monthly.

• Shopper-generated content helps improve product
  pages, credibility and SEO.




COPYRIGHT SHOPVISIBLE LLC | WWW.SHOPVISIBLE.COM | 866 493 7037   11
How?
• Offer shoppers incentives
  for posting reviews.

• Create review categories
  to make them more
  accurate and helpful.

• Display reviews
  prominently on the product
  page.




COPYRIGHT SHOPVISIBLE LLC | WWW.SHOPVISIBLE.COM | 866 493 7037   12
Tactic 3
           13
Implement Social Sign-In




COPYRIGHT SHOPVISIBLE LLC | WWW.SHOPVISIBLE.COM | 866 493 7037   14
Why?


                                                      Barriers annoy
                                                      consumers and lead to
                                                      cart abandonment.




COPYRIGHT SHOPVISIBLE LLC | WWW.SHOPVISIBLE.COM | 866 493 7037            15
66% of consumers
                                                     prefer to use an
                                                     existing account rather
                                                     than create a new one.
                                                                        - Blue Research




COPYRIGHT SHOPVISIBLE LLC | WWW.SHOPVISIBLE.COM | 866 493 7037                   16
What does this mean to you?

• Average page views increase 150%
   by shopper logins via social
   credentials.
   - Gigya



• Conversion rates increase 10-50%                                1.46 BILLION
                                                                     USERS
   for marketers using social sign-in.
   - Janrain




 COPYRIGHT SHOPVISIBLE LLC | WWW.SHOPVISIBLE.COM | 866 493 7037                  17
How?
• If on a commerce platform:
     • Implement their native functionality, if available.
     • Leverage partnerships they have with vendors.


• If using an in-house solution:
     • Talk to specialized solution vendors.


COPYRIGHT SHOPVISIBLE LLC | WWW.SHOPVISIBLE.COM | 866 493 7037   18
Tactic 4
           19
Make The Checkout Form Simple




COPYRIGHT SHOPVISIBLE LLC | WWW.SHOPVISIBLE.COM | 866 493 7037   20
Why?

                                                            Average cart
          65%                                               abandonment rates




COPYRIGHT SHOPVISIBLE LLC | WWW.SHOPVISIBLE.COM | 866 493 7037              21
How?
• Eliminate unnecessary elements – don’t take the
  shopper out of checkout.


• Keep the shopper on a clear checkout path and
  provide confirmation along the way.


• Visually highlight payment icons and trust badges.

COPYRIGHT SHOPVISIBLE LLC | WWW.SHOPVISIBLE.COM | 866 493 7037   22
COPYRIGHT SHOPVISIBLE LLC | WWW.SHOPVISIBLE.COM | 866 493 7037   23
COPYRIGHT SHOPVISIBLE LLC | WWW.SHOPVISIBLE.COM | 866 493 7037   24
Tactic 5
           25
Increase Payment Options




COPYRIGHT SHOPVISIBLE LLC | WWW.SHOPVISIBLE.COM | 866 493 7037   26
Why?
• Speed. Reduce friction to make checkout fast.

• Convenience. Make shopping easy and enjoyable.

• Flexibility. Give shoppers options on how to pay.




COPYRIGHT SHOPVISIBLE LLC | WWW.SHOPVISIBLE.COM | 866 493 7037   27
ShopVisible Study : Alternative Payments

                                                                 Web-Only Transactions
                                                                 •   62% Credit Card
                                                                 •   38% Alternative Payment
                                                                     o   17% PayPal
                                                                     o   13% Amazon
                                                                     o   8% Google Checkout




COPYRIGHT SHOPVISIBLE LLC | WWW.SHOPVISIBLE.COM | 866 493 7037                                 28
ShopVisible Study : Alternative Payments

                                                                 Mobile Transactions
                                                                 •   78% Alternative Payment
                                                                     o   46% PayPal
                                                                     o   32% Amazon Payments
                                                                 •   22% Credit Card




COPYRIGHT SHOPVISIBLE LLC | WWW.SHOPVISIBLE.COM | 866 493 7037                                 29
CHECKOUT




Align Options To User Experience
Our study showed mobile users preferred “single click”
alternative payment options on mobile devices.



   COPYRIGHT SHOPVISIBLE LLC | WWW.SHOPVISIBLE.COM | 866 493 7037              30
How?
• If on a commerce platform:
     • Talk to your provider about enabling the functionality of
          your site(s).

• If using an in-house solution:
     • Contact alternative payment providers directly.
     • Their directions take you through implementation.



COPYRIGHT SHOPVISIBLE LLC | WWW.SHOPVISIBLE.COM | 866 493 7037   31
Thank You!




     Sean Cook
        CEO
 www.shopvisible.com
    @ShopVisible

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5 Tactics to Reduce Barriers to Conversion

  • 2. Welcome! 5 Tactics to Reduce Barriers to Conversion Sean Cook, CEO of ShopVisible 2
  • 4. Optimize Product Search COPYRIGHT SHOPVISIBLE LLC | WWW.SHOPVISIBLE.COM | 866 493 7037 4
  • 5. Why? • 66% of shoppers begin product research online. • For those shoppers who begin product research via Google, 37% move on to a retail hub. COPYRIGHT SHOPVISIBLE LLC | WWW.SHOPVISIBLE.COM | 866 493 7037 5
  • 6. 6
  • 7. How? • If on a commerce platform: • Single product found redirect - take searchers directly to the product page. • Enhanced product weighting – put most searched for items on top. • If using an in-house solution: • Talk to specialized solution vendors. COPYRIGHT SHOPVISIBLE LLC | WWW.SHOPVISIBLE.COM | 866 493 7037 7
  • 8. 8
  • 10. Include Ratings & Reviews COPYRIGHT SHOPVISIBLE LLC | WWW.SHOPVISIBLE.COM | 866 493 7037 10
  • 11. Why? • Approximately 50% of U.S. Online Shoppers use ratings and reviews to inform purchasing decisions monthly. • Shopper-generated content helps improve product pages, credibility and SEO. COPYRIGHT SHOPVISIBLE LLC | WWW.SHOPVISIBLE.COM | 866 493 7037 11
  • 12. How? • Offer shoppers incentives for posting reviews. • Create review categories to make them more accurate and helpful. • Display reviews prominently on the product page. COPYRIGHT SHOPVISIBLE LLC | WWW.SHOPVISIBLE.COM | 866 493 7037 12
  • 13. Tactic 3 13
  • 14. Implement Social Sign-In COPYRIGHT SHOPVISIBLE LLC | WWW.SHOPVISIBLE.COM | 866 493 7037 14
  • 15. Why? Barriers annoy consumers and lead to cart abandonment. COPYRIGHT SHOPVISIBLE LLC | WWW.SHOPVISIBLE.COM | 866 493 7037 15
  • 16. 66% of consumers prefer to use an existing account rather than create a new one. - Blue Research COPYRIGHT SHOPVISIBLE LLC | WWW.SHOPVISIBLE.COM | 866 493 7037 16
  • 17. What does this mean to you? • Average page views increase 150% by shopper logins via social credentials. - Gigya • Conversion rates increase 10-50% 1.46 BILLION USERS for marketers using social sign-in. - Janrain COPYRIGHT SHOPVISIBLE LLC | WWW.SHOPVISIBLE.COM | 866 493 7037 17
  • 18. How? • If on a commerce platform: • Implement their native functionality, if available. • Leverage partnerships they have with vendors. • If using an in-house solution: • Talk to specialized solution vendors. COPYRIGHT SHOPVISIBLE LLC | WWW.SHOPVISIBLE.COM | 866 493 7037 18
  • 19. Tactic 4 19
  • 20. Make The Checkout Form Simple COPYRIGHT SHOPVISIBLE LLC | WWW.SHOPVISIBLE.COM | 866 493 7037 20
  • 21. Why? Average cart 65% abandonment rates COPYRIGHT SHOPVISIBLE LLC | WWW.SHOPVISIBLE.COM | 866 493 7037 21
  • 22. How? • Eliminate unnecessary elements – don’t take the shopper out of checkout. • Keep the shopper on a clear checkout path and provide confirmation along the way. • Visually highlight payment icons and trust badges. COPYRIGHT SHOPVISIBLE LLC | WWW.SHOPVISIBLE.COM | 866 493 7037 22
  • 23. COPYRIGHT SHOPVISIBLE LLC | WWW.SHOPVISIBLE.COM | 866 493 7037 23
  • 24. COPYRIGHT SHOPVISIBLE LLC | WWW.SHOPVISIBLE.COM | 866 493 7037 24
  • 25. Tactic 5 25
  • 26. Increase Payment Options COPYRIGHT SHOPVISIBLE LLC | WWW.SHOPVISIBLE.COM | 866 493 7037 26
  • 27. Why? • Speed. Reduce friction to make checkout fast. • Convenience. Make shopping easy and enjoyable. • Flexibility. Give shoppers options on how to pay. COPYRIGHT SHOPVISIBLE LLC | WWW.SHOPVISIBLE.COM | 866 493 7037 27
  • 28. ShopVisible Study : Alternative Payments Web-Only Transactions • 62% Credit Card • 38% Alternative Payment o 17% PayPal o 13% Amazon o 8% Google Checkout COPYRIGHT SHOPVISIBLE LLC | WWW.SHOPVISIBLE.COM | 866 493 7037 28
  • 29. ShopVisible Study : Alternative Payments Mobile Transactions • 78% Alternative Payment o 46% PayPal o 32% Amazon Payments • 22% Credit Card COPYRIGHT SHOPVISIBLE LLC | WWW.SHOPVISIBLE.COM | 866 493 7037 29
  • 30. CHECKOUT Align Options To User Experience Our study showed mobile users preferred “single click” alternative payment options on mobile devices. COPYRIGHT SHOPVISIBLE LLC | WWW.SHOPVISIBLE.COM | 866 493 7037 30
  • 31. How? • If on a commerce platform: • Talk to your provider about enabling the functionality of your site(s). • If using an in-house solution: • Contact alternative payment providers directly. • Their directions take you through implementation. COPYRIGHT SHOPVISIBLE LLC | WWW.SHOPVISIBLE.COM | 866 493 7037 31
  • 32. Thank You! Sean Cook CEO www.shopvisible.com @ShopVisible