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4 ways to improve your checkout conversion rate
Hey there,
Welcome back for another bite to chew on.
So youâre getting traffic to your store, add-to-carts left and right, youâre seeing customers get to the checkout zone
Aaaand theyâre gone.
So youâre going back to marketing asking âWhy are we not converting?â
If youâve ignored your checkout journey, then thereâs your answer.
We know this is a huge topic, thoughâŠ
It requires more detail and discussion given the breadth of information that surrounds checkout optimization.
So if youâve got 30 minutes to learn about improving your brandâs CROâŠ
Then check out our latest Chew On CRO episode â diving into every metric from analyzing declining conversion rates, adjusting content strategy, tracking new user behavior, and more.
Ok back to the newsletter â letâs break down the biggest pitfall of the customer journey and a couple of ways you can improve it.
DamnâŠWe Almost Got âEm
The main topic we get questions on â and what is honestly the key metric for checkout optimization
Is cart abandonment.
Why?
Because it helps you understand what an appropriate baseline is in terms of those who enter checkout and complete a purchase
And if youâre not within that baseline â there are optimizations to be made
If itâs a matter of poor UX, a broken sales funnel, a bad design, or poor display of branding
Then here youâll learn why orders go to die in your cart â and what you can do to seal the deal.
There are a couple factors that go into this that we want to highlight from our own experience.
Design
Other than making it look pretty, you need to make sure that branding is fluid from top to bottom and the tools within the checkout zone are frictionless.
What we mean by this is that all cart upsells, shipping info, product info, and every piece of information listed on the checkout page needs to align with your brand, be clear, and be easy to understand.
It builds trust in the customer because branding consistency demonstrates legitimacy
It creates loyal customers by having a seamless and easy UX.
And that overwhelming feeling & confusion from distracting headers, confusing upsell offers, or unclear shipping info? Gone.
Speaking of shipping info â letâs talk about how people have no patience these days.
Shipping details
You know when youâre on Amazon and you see that promised delivery date and feel a combo of excitement and comfort?
So do your customers.
And if they see this on your site â theyâll feel the same and be more inclined to buy, just like you.
In fact, 27% of customers are more likely to buy if they see a promised delivery date.
AKA people donât like to wait, period.
They want to receive things seamlessly and FAST.
So whether itâs giving them a specific date, offering same-day delivery to those that qualify, or giving easy-to-understand shipping options for them to choose from at their convenience
Theyâll be way more comfortable and secure in buying from your brand.
PrettyDamnQuick is the tool we use to optimize our checkout conversion rate.
They drill down into our 3PL data, so we can improve communication with our shipping, delivery, and returns.
And since we started with them, weâve been able to really understand our shipping situation AND add over $30 to customersâ LTV.
So we partnered up with them and created a resource all about premium delivery â what it is, why itâs important, and how to effectively implement it.
Ok shameless plug over
While the above points are vital, there is a hidden hard spot that you may even be facing
This is the industry-based problem - for add to cart and AOV
Best way to explain this is with a quick example:
So letâs take the fashion industry
If youâre on H&Mâs, Zaraâs, True Classicâs, or whoeverâs site
How many times have you done this yourself: you go on, browse and shop around, add a bunch of stuff to your cart, and exit.
Weâve done it and you know you have too.
This is a version of cart abandonment called the wish list
Where people add items theyâd like to have and maybe theyâll buy themâŠmaybe
And what happens to you?
Your add-to-cart rate is inflated 15 - 23% vs the general rule of thumb of being between 12-18%.
So depending on your industry, you need to work within your own guard rails, keep in mind where your brand lies, and if youâre over or under-indexed on add to cart.
You Need To Prove Yourself
Now what do we mean by this?
Social proof!
If youâre thinking âWeâve done this, we have customers that love our products and enough reviews to prove ourselves.â
Well, you need to take that, and plaster it on your checkout zone.
OkâŠnot plasterâŠbut make it seen.
Youâre reminding them that whatever your product does, it does it well and itâs worth buying
Because think about it â theyâve done the research, theyâve looked at reviews, and theyâre inclined to get it
So to secure that purchase, give âem a nudge and remind them why they wanted the product in the first place.
So for Obvi, for example, our products revolve around collagen and weight loss
What works for us is showing real customer submissions of their before and afters and then testimonials/reviews.
If you look at Obviâs Collagenic Burn, scroll down the page, and youâll see what weâre talking about.
A bonus way to prove yourself is the money-back guarantee feature
Show how confident you are in your own product by telling your customers that in 90 days if the product is not working, you get your money back.
The security this gives customers is outstanding â and your checkout rate will show it.
Weâve seen these as the easiest ways to build trust with your customer.
Show real people using the products, show a sense of community, and give them a way to clear any doubt or worry in purchasing â your conversion rate will thank you.
Donât Be Scared Of Upsells
Now this area in the checkout zone can be tricky for some.
For upsells, weâve been through hell and back figuring out what works for us and what doesnât
We recommend A/B testing everything to see what SKUs perform the best â and what deals hit the most.
For us, weâve found that our upsell winners tend to be discounted complementary products and Obvi merch.
But the BIGGEST reason for the success of these upsells is our community â they love our products, our brand, and are more than happy to show off their loyalty with some Obvi merchandise.
So A/B test which products work the best for your brand, and discount them to create even more incentive to complete the order.
The result:
Educating on more of your products
Saving them money
Letâs use Burn again as our example
Add Burn to cart â
Now what they see in checkout is Obviâs Detox supplement
This is another product we have that they may have not known about, so youâre educating them on other products your brand has to offer
Slap a discount on it
(+ that money-back guarantee can come into play)
And now if money is the reason they were abandoning ship, theyâre now more willing to shell out a little bit more, with confidence.
Reward Them
So letâs say they checked out, how do you get them to come back?
As CAC surges, loyalty and rewards programs are some of the best incentives for retention.
It works for both sides â they buy because they can build up points, and they come back to build up points.
What we did was create a rewards program where you earn points at different steps of the customer journey â from making an account, to placing an order, joining our FB community, downloading our app, and more.
This way itâs not just targeted at returning users, but for everyone.
There are numerous tools to do this so just see what works best for you
But this solution may be limited to people on Shopify+
Before, what they used to do is let you customize your checkout process
Now theyâve moved towards checkout extensibility where only approved apps are allowed to utilize loyalty programs, upsells, shipping, etc
So if youâre on the fence of upgrading to Shopify+, you have enough benefits and options to optimize checkout laid out for you.
Depending on your brand and products, figure out what rewards structure works best for you, and find a way to apply it to different steps of the customer journey.
Make it easy & incentivize the program, so they'll want to gather more points and work up the ladder.
Tool Of The Week
So we can all agree that optimizing each part of the business is the goal
From checkout, to cash flow, to sales, to data analysis and more.
But no matter how big or small your team is
Everyoneâs goal is to deliver products your customers love.
And the last thing you want to do is spend hours every week untangling data headaches.
This is especially true every time thereâs a new iOS update. The data issues start rolling out, the stress comes inâŠ
And your hair starts going gray.
So naturally, as iOS 14.5 was rolling out, we needed a solutionâŠdesperately.
At first, we tried to do this ourselvesâŠ
We went the Shopify CAPI route, then hired a tracking expert, and even tested all sorts of different tools
But all options came up short - and we were still stuck.
Thankfully, our community came in clutch,
(i.e YOU)
We had turned to all the members of our community for help - and a bunch of them recommended Elevar.
With numerous recommendations and more 5-star reviews than we can count,
We figured, âWeâve tried it all, so we may as well give this a shot.â
Once we put Elevar's server-side tracking and session enrichment into action
our marketing platforms began showing 20-30% more attributed purchases, with 99% accuracy.
Now our hair doesnât fall outâŠas much
Because of Elevar, we have a strong confidence in our data across platforms and arenât leaving money on the table.
Upcoming Events
This summer, weâre doing something huge!
Weâre going to be speaking at SubSummit from June 17 - 19th â from doing a live Chew On This podcast, hosting our own dinner event and talking all things retail with Obvi
There will be value coming out of your ears by the time youâre done.
Grab your tickets here for our COT event and check out ALL our upcoming events
We canât wait to see you there.
Thanks For Reading Along
We hope this newsletter gives you a bit more insight into problem areas in your customer journey.
Cart abandonment, checkout design, shipping, social proof, rewards, and everything we discussed are just a few of the various aspects of checkout optimization.
This is just what we do within each and whatâs worked for us.
We always say anyone can learn from anyone
So if you have some tips and tricks of your own, tweet us â Ronâs Twitter & Ashâs Twitter
Weâd love to hear what strategies youâve applied, what tools you use, and how youâre approaching CRO.
Until next time,
Ron & Ash