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The Ideal Shopping Cart + Streamlining The Checkout Process

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The Ideal Shopping Cart + Streamlining The Checkout Process

  1. 1. Streamlining the Checkout Process
  2. 2. Streamlining the Checkout Process <ul><li>Matt Franklin , Blogger (moderator) </li></ul><ul><li>Manish Chowdhary , CEO, GoECart </li></ul><ul><li>Pete Olsen, VP of Product Management, Amadesa </li></ul><ul><li>Mike Madaio , Principal, User Experience, QVC </li></ul>
  3. 3. <ul><li>Manish Chowdhary CEO GoECart </li></ul>Streamlining the Checkout Process
  4. 4. Brits Are Losing Patience With Shopping Online
  5. 5. Brits Are Losing Patience With Shopping Online
  6. 6. Brits Are Losing Patience With Shopping Online
  7. 7. Brits Are Losing Patience With Shopping Online
  8. 8. Brits Are Losing Patience With Shopping Online
  9. 9. Brits Are Losing Patience With Shopping Online
  10. 10. Ecommerce is Still BIG, but Different Now <ul><li>Ecommerce is maturing! </li></ul><ul><li>One-third of online shoppers have now been buying online for seven years or more </li></ul><ul><li>Website traffic is up but “1-and-out” rate is up too </li></ul><ul><li>“ Engagement” rates are down </li></ul><ul><li>Cart abandonment rates are up </li></ul>
  11. 11. Top 3 Reasons Why These Sophisticated Consumers Shop Online? <ul><li>Time savings </li></ul><ul><li>Convenience </li></ul><ul><li>The opportunity to find lower prices and unique products </li></ul>
  12. 12. Cart Abandonment Rates Are Up
  13. 13. Why Do People Abandon Shopping Carts ? 72% of online shoppers expect prices to be lower online than any other venue.
  14. 14. Idle vs. Abandoned Shopping Cart <ul><li>50% of Internet purchases are concluded more than an hour after the shopping cart was created </li></ul><ul><li>Avg. length of time varies greatly based on the product type </li></ul><ul><li>Carefully consider the right abandonment metric </li></ul><ul><li>Wait at least 24 hrs to contact recent shoppers </li></ul>
  15. 15. The New Acid Test for ALL Website Changes and/or Enhancements <ul><li>Will my customer experience this as a benefit? </li></ul><ul><li>It’s NOT just about the value of the present sale but the lifetime customer value . </li></ul>
  16. 16. What Are We Going To Do? <ul><li>Get Personal </li></ul><ul><li>Convince Them You Have What They Want i.e. The Ideal Shopping Cart Common elements </li></ul><ul><ul><li>Increase Customer confidence - build and enhance trust with customer </li></ul></ul><ul><ul><li>Provide the right information at the right time </li></ul></ul><ul><ul><li>Make shopping experience easier </li></ul></ul>
  17. 17. Loyalty Building Need Not Be Expensive <ul><li>Personalized Targeted One-On-One Email: Simple but Effective (3x) </li></ul><ul><li>77% of the shoppers found the personalized offers useful and 34% made a purchase based on those recommendations (source: Forrester Research) </li></ul>
  18. 18. The Ideal Shopping Cart Tip #1: Provide an “always-on” universal shopping cart
  19. 19. Tip #2: Give Customers’ the Ability to Edit and Manipulate Items Right Within the Shopping Cart
  20. 20. Tip #3: Use Eye-Catching Call to Action Buttons
  21. 21. Tip #4: Persist the Cart and Enable Customers to Add Items to their Wish Lists, Registries and “Social Shopping Lists&quot;
  22. 22. Tip #5: Increase average order size via RELEVANT cross sell and up sell right in the shopping cart
  23. 23. Tip #6: Present Conditional Merchandising Messages Within the Shopping Cart
  24. 24. Tip #7: Support Multiple Alternate Payment Methods
  25. 25. Tip #8: Support Cross-Channel Sales via Gift Cards, Gift Certificates, Loyalty Programs and In-store pickup
  26. 26. Tip #9: Clearly Display Item Stock and Availability Status
  27. 27. Tip #10: Display Security and Trust marks like BBB, Verisign, HackerSafe, TRUSTe, etc. Provide contextual information at the right time - Return and Privacy Policies, FAQs, … Click to Chat, Click to Call
  28. 28. Tip #11: Must Have Excellent In-Store Site Search
  29. 29. Tip #12: Handle the Empty Cart Wisely
  30. 30. The Ideal Shopping Cart Attributes (cont.) <ul><li>Tip #13: Offer Free Shipping (if you can afford it) – It works! </li></ul><ul><li>Tip #14: Provide immediate visual feedback on promotional discounts </li></ul><ul><li>Tip #15: No one size fits all – Test, Test and then Test some more!! </li></ul>
  31. 31. Shopping Carts Optimize the experience Pete Olson VP Product Management Amadesa, Inc.
  32. 32. The Problems…. <ul><li>Shopping Carts are complex in the eyes of the retailer </li></ul><ul><li>Shopping Carts are necessary evils in the eyes of the customer </li></ul><ul><li>Shopping Carts are all different </li></ul>
  33. 33. Why Shoppers Leave* <ul><li>High prices / total / hidden costs </li></ul><ul><li>Shipping & handling issues </li></ul><ul><li>Didn’t want to register </li></ul><ul><li>Site asked for too much info </li></ul><ul><li>Website too slow </li></ul><ul><li>Checkout process too long or confusing </li></ul>* MarketingSherpa 2007 eComm benchmark Shoppers Leave Because the Experience Hasn’t Been Calibrated to Balance Shopper Desires and Company Needs
  34. 34. What Can Be Done? <ul><li>Bring the concept of testing to the cart pipeline </li></ul><ul><li>Take action on the results </li></ul><ul><li>10% lift in conversions represent 10% lift in revenue…. It’s the only place direct impacts can quickly be felt on the top line </li></ul><ul><li>Understand and improve the experience of users </li></ul>
  35. 35. Nuts and Bolts… <ul><li>2/3/4/5/6 Step Progress Bar Above Checkout Fields </li></ul><ul><li>Hide Order Summary Until Payment Information </li></ul><ul><li>Removal of CVV from Payment Information </li></ul><ul><li>Removal of Phone Numbers from Personal & Billing Information </li></ul><ul><li>Create phone number entry fields </li></ul><ul><li>Test checkbox “same as billing address” that when unchecked, fields will be cleared </li></ul><ul><li>Enhanced Security Messaging Throughout Checkout Process </li></ul><ul><li>Overarching Marketing Message </li></ul><ul><li>Moving Discount Code Into the Payment Fields </li></ul><ul><li>Removal of Choose your currency </li></ul><ul><li>No gift option </li></ul><ul><li>No promotion code option </li></ul><ul><ul><ul><ul><ul><li>A Partial List…… </li></ul></ul></ul></ul></ul><ul><ul><li>A Partial </li></ul></ul><ul><li>Placement of Widgets </li></ul><ul><ul><li>Shipping calculators </li></ul></ul><ul><ul><li>Promotional codes </li></ul></ul><ul><li>Wording/copy/language </li></ul><ul><ul><li>Security messaging </li></ul></ul><ul><ul><li>Affirmation messaging </li></ul></ul><ul><li>Single vs. multi-step </li></ul><ul><li>Collapse / Expansion of Steps </li></ul><ul><li>Exit Points </li></ul><ul><li>Progression bars (breadcrumb) </li></ul><ul><li>Design / Template / Layout </li></ul>
  36. 36. Closing… <ul><li>Find an approach that will: </li></ul><ul><li>Minimize internal IT resources </li></ul><ul><li>Leverage proven experience </li></ul><ul><li>Support your objectives </li></ul>
  37. 37. <ul><li>Mike Madaio Principal, User Experience QVC </li></ul>Improving Checkout at QVC
  38. 38. Thank You! <ul><li>Matt Franklin – ray@rssray.com </li></ul><ul><li>Manish Chowdhary – mchowdhary@goecart.com </li></ul><ul><li>Pete Olsen –polsen@amadesa.com </li></ul><ul><li>Mike Madaio – mike.madaio@qvc.com </li></ul>

Notas do Editor

  • The problem
  • Pain points
  • You can test on the shopping cart
  • Best practice address pain points
  • You can test and should test on the shopping cart