Decreast Order Page Abandonment
I just read that Sylvan Goldman invented the
retail store's shopping cart in 1937. According to what I read, many people
were confused about how to use the shopping cart.
But Goldman was determined to help consumers understand how to use his
invention. So he hired models to demonstrate how to use the shopping cart,
which he called a "basket on wheels."
Fast-forward about 70 years, and here we are again with another new
invention: the Web site shopping cart or order page. And guess what?
Consumers are once again confused about how to use it and are abandoning
your order page at a rate as high as 35 percent.
It doesn't have to be this way. Please let me suggest five improvements you
can make that are proven to reduce your Web site's order page abandonment
rate.
• Security statement. One of the major concerns for consumers when
shopping online is if their information is secure. To increase consumer
confidence you should have a security statement on your order page. A simple
statement such as, "Any information you provide on this page is encrypted by
the highest security algorithms on the Internet," will help increase
consumer confidence and sales.
• Privacy policy. Adding a privacy statement to your order page also
will increase sales. Most of your shoppers are wondering what happens to
their information after they've given it to you. They want to know if you
sell it, give it away or rent their names to third party companies.
I've used a simple statement like, "We Respect Your Privacy" and have seen
an increase in leads and sales that made it more than worth the two minutes
it took our Web developer to add the statement to our order forms.
• Credibility enhancers. Most shoppers want to believe that you are
the correct company from which they should make their purchase. If customer
support is an issue in your industry, why not include a testimonial about
how great your customer support is? You can easily address the concerns of
your prospects by using a testimonial from a satisfied customer.
Another credibility enhancer you can use is a link to certifications from
trade organizations or the Better Business Bureau's online reliability
program.
• Shipping cost. According to NDP Group and BizRate.com, buyers
usually abandon your order page because shipping and handling costs are
higher than expected. In order to overcome this you will want to avoid
surprising the customer with hidden or excessive shipping and handling fees.
• Offer a bonus. Offering a bonus for completing the order process is
an extremely powerful strategy for decreasing order page abandonment. You
can offer a reduced price, savings on shipping, or an additional product as
part of the purchase or for a small additional cost.
The two questions I ask myself are: What bonus can I offer that will provide
enough incentive to a prospective customer that he or she will complete the
ordering process? And can I offer that bonus without substantially reducing
my profits?
These strategies can be applied within a week for most companies that have
access to a Web developer. Put them in place if you want to start decreasing
your order page abandonment rate.
If there is a Web marketing topic you would like me to cover, submit your
idea at www.AskDionJones.com, I
will focus future columns on the topics you suggest.
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Dion Jones is a Web marketing specialist and is affiliated with the BYU
Center for Entrepreneurship.