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10 Things You Can Do Right Now to Improve Conversion Rates

10 Things You Can Do Right Now to Improve Conversion Rates

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Page 1: 10 Things You Can Do Right Now to Improve Conversion Rates

10 Things You Can Do Right Now to Improve Conversion Rates

Page 2: 10 Things You Can Do Right Now to Improve Conversion Rates

Your ultimate goal in online retail:having your customers convert

as much as possible

Right now your conversion rates may be satisfactory, but it is always an objective to improve them even further!

Page 3: 10 Things You Can Do Right Now to Improve Conversion Rates

What are some ways in which you can improve?

This following list will show you things you may be missing from your site, that you can implement right now!

Follow the list

Implement missing points

Higher conversio

n ratesHigher profits

Page 4: 10 Things You Can Do Right Now to Improve Conversion Rates

1. PRESENT YOUR PRODUCT WITH MORE DETAIL

Page 5: 10 Things You Can Do Right Now to Improve Conversion Rates

Unlike in physical retail, in online retail customers’ senses are limited.

Since they are unable to touch and see the product in real-life, they experience a perceived risk.

Page 6: 10 Things You Can Do Right Now to Improve Conversion Rates

What is the color, material, size and quality of this item in real life?

Is the presentation of it on the site accurate?

Page 7: 10 Things You Can Do Right Now to Improve Conversion Rates

So how can you reduce this perceived risk?

Create a more detailed and accurate representation of the product so that customers can explore it and be certain of its appearance in reality.

See how ASOS does it…

Page 8: 10 Things You Can Do Right Now to Improve Conversion Rates

Product color description

Product features description

Fabric/material description

Product care instructions

Product and model measurements for comparison

Informational techniques:

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Good Picture clarity and quality Multiple

angles of the product shown

Item shown in real context (i.e. worn on model with other clothes)

Catwalk video is available

Zoom-in is available by clicking the image

Visual techniques

Page 10: 10 Things You Can Do Right Now to Improve Conversion Rates

Other visual techniques possible:

Picture enlargement (full-page image) Item shown in alternative contexts (i.e. on

different models, in different rooms) 3-D presentation

Page 11: 10 Things You Can Do Right Now to Improve Conversion Rates

2. HELP CUSTOMERS WITH CHOOSING THE RIGHT ITEM

Page 12: 10 Things You Can Do Right Now to Improve Conversion Rates

Since customers cannot physically experiment with the product they incur a perceived risk of choosing the right item form for them personally

Which size of this dress should I order?

Which shade of this foundation will match me?

Page 13: 10 Things You Can Do Right Now to Improve Conversion Rates

How can we help them choose the right item for themselves and reduce this perceived risk?

Page 14: 10 Things You Can Do Right Now to Improve Conversion Rates

Categorize forms: Women’s Fashion:

Boohoo Men’s Fashion:

Moss Bros.

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Provide guides:◦ Figleaves:

Step 1:

Steps 2-6: questions about fit

A video is shown

Illustrations are shown

Interactive fit finder

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Use virtual try-ons:Using virtual reality and avatars

Me Model for fashion e-tailers L’Oreal Paris Makeup Genius app IKEA’s virtual reality feature

Page 17: 10 Things You Can Do Right Now to Improve Conversion Rates

3. IMPROVE YOUR CUSTOMER SERVICE

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Another way to reduce the perceived risks is by providing excellent customer service to answer inquiries, regarding technicalities and shopping decisions.

… Are you only providing email and social media customer service?

Page 19: 10 Things You Can Do Right Now to Improve Conversion Rates

These means are inadequate as they provide slow and often incomplete answers.

Waiting and obtaining insufficient answers prevents customers from finalizing purchases and thus reduces conversions.

Page 20: 10 Things You Can Do Right Now to Improve Conversion Rates

So which customer service type is most effective?

Live chats

Offering live chat to help has been proven to effectively increase conversions.

…But why?

Page 21: 10 Things You Can Do Right Now to Improve Conversion Rates

It allows immediate replies, a dynamic conversation, answering all of the shopper’s follow-up questions and ensures that all doubts have been removed.

Page 22: 10 Things You Can Do Right Now to Improve Conversion Rates

4. ALLOW AND ENCOURAGE CUSTOMER INPUT

Page 23: 10 Things You Can Do Right Now to Improve Conversion Rates

Since customers have nothing to gain from advocating for a product/company, unlike the company, they are deemed as a more reliable and objective source to other customers.

Page 24: 10 Things You Can Do Right Now to Improve Conversion Rates

Indeed, reviews and testimonials are important to 55% of shoppers.

To improve your conversion rates include and encourage customer input: - Reviews- Testimonials- Ratings- Customers’ photos with the product

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Follow French Connection’s example for customer written input:

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Follow Boohoo’s example for visual customer input:

Page 27: 10 Things You Can Do Right Now to Improve Conversion Rates

5. PROVIDE FREE SHIPPING

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The frustrating surprise of shipping cost is the number one reason for cart abandonment.

But take away the surprise element, are customers still irritated simply by needing to pay for shipping?

Page 30: 10 Things You Can Do Right Now to Improve Conversion Rates

Experiment with the following options to find which is best for your conversions:

Page 31: 10 Things You Can Do Right Now to Improve Conversion Rates

Experiment with the following options to find which is best for your conversions: Nationwide/worldwide (may need to raise

products’ prices)

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Experiment with the following options to find which is best for your conversions: Nationwide/worldwide (may need to raise

products’ prices) For selected products/categories

Page 33: 10 Things You Can Do Right Now to Improve Conversion Rates

Experiment with the following options to find which is best for your conversions: Nationwide/worldwide (may need to raise

products’ prices) For selected products/categories At a minimum order value

Page 34: 10 Things You Can Do Right Now to Improve Conversion Rates

Experiment with the following options to find which is best for your conversions: Nationwide/worldwide (may need to raise

products’ prices) For selected products/categories At a minimum order value For a limited time frame

Page 35: 10 Things You Can Do Right Now to Improve Conversion Rates

Experiment with the following options to find which is best for your conversions: Nationwide/worldwide (may need to raise

products’ prices) For selected products/categories At a minimum order value For a limited time frame For first time/returning customers

Page 36: 10 Things You Can Do Right Now to Improve Conversion Rates

Experiment with the following options to find which is best for your conversions: Nationwide/worldwide (may need to raise

products’ prices) For selected products/categories At a minimum order value For a limited time frame For first time/returning customers For cart abandoners in retargeting emails

Page 37: 10 Things You Can Do Right Now to Improve Conversion Rates

6. HAVE A RELIABLE SHIPPING SERVICE

Page 38: 10 Things You Can Do Right Now to Improve Conversion Rates

Although the delivery process is mainly in the hands of the delivery company,

your company is the entity the customers have interacted and made business with.

So what does it mean for you?

Page 39: 10 Things You Can Do Right Now to Improve Conversion Rates

This means that the responsibility of timely and correct shipping is yours in the eyes of the customers.

And so, you will be the one to suffer the consequences if the delivery is inadequate.

Page 40: 10 Things You Can Do Right Now to Improve Conversion Rates

So what can you do?

Choose a shipping company that is known for its reliability and timeliness

For example: Tarte has chosen DHL for international deliveries

Page 41: 10 Things You Can Do Right Now to Improve Conversion Rates

So what can you do?

Provide comprehensive shipping information on your website

Page 42: 10 Things You Can Do Right Now to Improve Conversion Rates

So what can you do?

Provide a tracking feature for the package and customer service for inquiries

Page 43: 10 Things You Can Do Right Now to Improve Conversion Rates

7. OPTIMIZE YOUR RETURN POLICY

Page 44: 10 Things You Can Do Right Now to Improve Conversion Rates

Another manner to reduce the inherent perceived risk of online shopping:

A customer-friendly return policy

…What is it comprised of?

Page 45: 10 Things You Can Do Right Now to Improve Conversion Rates

A comprehensive return policy information on your website

The number of days allowed to return the product are as many as possible

Free return of the product is available

In cases of late or wrong delivery, compensation is offered (financial or product-wise)

Page 46: 10 Things You Can Do Right Now to Improve Conversion Rates

For example, Zappos offers extensive return policy information in the FAQ page:

It also provides a highly customer-friendly policy:

Page 47: 10 Things You Can Do Right Now to Improve Conversion Rates

How does it reduce the customers’ perceived risk?

This way, the purchase is not irreversible or unalterable.

The shopper knows that in case they regret their purchase, they can return it at no cost and with low time constraints.

Page 48: 10 Things You Can Do Right Now to Improve Conversion Rates

Some companies go even a step further, reducing the risk by postponing the payment.

ThirdLove offers a Podcast’s listeners to pay only for shipping and if the product isn’t returned in 30 days then the customer is charged for the product’s price.

Page 49: 10 Things You Can Do Right Now to Improve Conversion Rates

8. PERSONALIZE YOUR PRODUCT RECOMMENDATIONS

Page 50: 10 Things You Can Do Right Now to Improve Conversion Rates

Personalized product recommendations (complementary and substitute items) are proven to induce more conversions.

Page 51: 10 Things You Can Do Right Now to Improve Conversion Rates

Barilliance found that:

Page 52: 10 Things You Can Do Right Now to Improve Conversion Rates

9. IMPLEMENT SOCIAL PROOF

Page 53: 10 Things You Can Do Right Now to Improve Conversion Rates

Presenting customers with real-time, personalized notifications, enhances their sense of urgency, builds trust and increases conversions.

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These notifications, which Barilliance offers, are based on real data and their frequency, location and appearance can be customized by yourself.

Page 55: 10 Things You Can Do Right Now to Improve Conversion Rates

10. USE PERSONALIZED RETARGETING EMAILS

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Sending out personalized retargeting emails to your customers allows you to:

- Re-engage and interact with them- Entice them to return to your site- Reduce your shopping cart abandonment

rate by 10%-30%

Page 57: 10 Things You Can Do Right Now to Improve Conversion Rates

Now go implement the points you are lacking and increase your conversions!