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November 22, 2013
Knowledge Center ❯ Topics ❯ Email Marketing
Did you know 67.44 percent of all online shopping carts are abandoned? And that 80 percent of the largest etailers do absolutely nothing about it? It’s a shame because convincing customers to make a purchase is easy once you’ve formed a cohesive strategy for one of the most effective types of triggered emails: the abandoned cart email.
Here, we share three top tips for following up with customers who have left items in their online shopping carts:
There are many reasons why a consumer might abandon a shopping cart, including your site’s usability, the desire to comparison shop, shipping charges and so forth. But as Kern Lewis recently exhorted in Forbes, “Many visitors may be actively looking to make a purchase. YOU DON’T KNOW what their motivations are. So, you need to assume the cart was abandoned by someone who is still very interested in buying what he or she selected.”
In other words, to create the most effective abandoned cart email strategy, you need to adopt the mindset that the cart is not abandoned, merely “open.” Lewis says, “Assume the visitor is a ‘hot lead’ who is actively shopping and not idly tire-kicking. Let him tell you he is truly done once you get back in touch with him.”
How many emails are the right number of emails to send? Many experts recommend a series of three:
A Listrak study found the highest percentage of cart recoveries happens in the first 24 hours, making it critical to send your first abandoned cart email that first day. However, the study also points out there’s no one-size-fits-all timing solution. Some etailers were able to double their campaign return on investment by moving their first email from 24 hours to three hours after abandonment, while others were successful with emails six hours after abandonment.
Testing is the answer. As the authors of the study suggest, “By testing the cadence of cart recovery marketing campaigns, etailers can tailor their approach to unique audiences and increase the probability of success.”
In our next blog, we’ll be discussing even more abandoned cart email strategy tips. Subscribe to the TowerData blog today so you don’t miss it!
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