1. CONVERSION RATE
If you run an online store, you’re always trying
to boost your sales. Here’s how to increase the
conversion rate of your e-commerce site.
(Read More http://conversionxl.com/the-ultimate-guide-to-increasing-ecommerce-
conversion-rates/#ixzz24jYlBwQu)
2. Conversion rate
The number of buyers divided by total number of visitors
Click-through-rate (CTR)
The number of online user who clicked on the web ads /
banner divided by total number of online visitors who have
seen the ad;
Typical banner and advertising click-through rates are
0.02% in late 2012 and have decreased over the past three
years.
10. How to increase conversion rate?
Quality product image
Great product copy
11.
12.
13. How to increase conversion rate?
Quality product image
Great product copy
Product description video
14.
15. How to increase conversion rate?
Quality product image
Great product copy
Product description video
Customization creates ownership
16.
17. How to increase conversion rate?
Quality product image
Great product copy
Product description video
Customization creates ownership
Shipping policy
Charge or not?
When charge?
18.
19. How to increase conversion rate?
Quality product image
Great product copy
Product description video
Customization creates ownership
Shipping policy
Charge or not?
When charge?
Have a section for sales and specials
22. Shopping cart abandonment means the loss of a customer
who is going through the check-out process of an online
store.
In 2011, the shopping cart abandonment rate reached
all-time high of 72%. It’s believed to continue climbing.
A Forrester study found that 89% of consumers had
abandoned a shopping cart at least once.
23. Reasons
High price. If your product is the same or similar to what
the competitors offer, people will choose based on the
price. If your price is the best, say it (must be true, or lose
all credibility). If it’s not the best, you have to communicate
your added value.
Shipping charge
Hassle: you ask for too much data / forced registration.
Customer support
Return policy
Website loading / navigation
31. Other shipping options
Flat Rate Shipping
Up to $ 9.99
Up to 50 lbs
Ad supported shipping
Vendor discounted shipping
Pick up from store
Drop ship
32. Follow up
Ask for email and shipping details before payment
Follow up emails
Alerts when price decreases
Alert about new updates about the product / category
Ask for wish list and then send recommendations
Persistent Shopping Cart
Save cart
Show contact information
43. A big problem for online retailers is the expense of
delivering small quantities to homes and businesses.
25% of deliveries require multiple delivery attempts.
30% of packages are left on doorsteps, with possibilities for
theft.
Innovative firms are introducing solutions.
Smart box.
Retail aggregator model: delivery at convenience stores or service
stations.
E-stops.
Order online for offline retail delivery.