Shopping Cart abandonment is a term in online shopping that refers to a shopper adding items to their virtual shopping cart and failing to complete the purchase before they end their session. All online stores experience shopping cart abandonment, in fact, average cart abandonment rates can range from 70% (on desktop) to 86% (on mobile).
Shopping cart abandonment can occur for many valid reasons largely outside of our control. The online store visitor may be interrupted, distracted, or may merely be online window shopping. To remedy this, it helps to ensure your shopping, registration, and checkout processes are so streamlined that the time from product view to purchase is short. Additionally, prompting an expiring promo code can help entice a casual browser to become a happy buyer. Other reasons for cart abandonment can include:
Shopping cart abandonment rate is calculated by dividing the number of completed purchases by the number of shopping carts created and multiplying that number by 100.
A consistently high shopping cart abandonment rate is usually a signal that there’s something fundamentally wrong with parts of your online shopping experience. Identifying and fixing any technical issues on your site should be your first priority when optimizing your cart abandonment rate.
Consider all shopping cart abandonment instances as opportunities to better understand your customer and to identify opportunities for optimization and personalization.
A few questions to ask:
Answers to these questions will help to determine where to focus optimization efforts and pinpoint opportunities for improvement and personalization.
Recommended content on shopping cart abandonment: