We've all been there – a customer adds products to their cart, only to vanish into the online abyss without completing the purchase. Frustrating, right? Well, that's what we call an abandoned cart. This is the cause of e-commerce brands annually losing $18 billion in revenue.
But fear not, because there are ways to turn those missed opportunities into successful sales! Here are our top tips on recovering abandoned shopping carts.
One powerful tool is the abandoned cart email. A personalised message might be just what your customer needs to convince them to complete the purchase. Give them a gentle nudge to remind them of the benefits of the items they left behind with exclusive discounts or highlight the limited availability of the products to create a sense of urgency.
When it comes to crafting your abandoned cart emails, keep them friendly, concise and, most importantly, personalised. Let’s take a look at how your emails should be written:
Timing is key! Send your abandoned cart emails strategically. Aim for a balance – not too soon to seem intrusive, but not too late that the customer forgets about their cart. Consider sending the first email within 24 hours and follow up with a couple more spaced out over the next few days.
Choose an email platform that allows for automation to streamline your efforts. Ensure that your emails are mobile-friendly since many customers shop on their phones. Monitor the performance of your emails and adjust your strategy based on customer behaviour and feedback.
You might be wondering, do these emails really work? The answer is a resounding yes! Cart abandonment emails have an impressive 41.18% open rate — easily beating the typical marketing email at 21%.
They have proven to be highly effective in bringing customers back to complete their purchases. By implementing a thoughtful strategy, you can significantly boost your conversion rates and revenue.
Now, let's address the elephant in the room – GDPR compliance. Make sure your abandoned cart emails adhere to data protection regulations. Here are a few things you must do:
Although the most successful, email isn’t the only tool you can use to convince your customers to complete the transaction. Here are a few additional tips to include in your strategy:
So, with these tips, you’re ready to turn missed opportunities into successful sales! Why not go one step further and prevent them from getting to this stage with our tips on how to reduce abandoned carts?