Reasons Why Your E-Commerce Site May Be Losing Money

For website owners that are looking to increase profits by selling more products to visitors, there is one particular area that should receive plenty of attention. Most e-commerce sites lose out on a lot of revenue because shoppers commonly abandon their carts after placing items in them to be purchased. What caused them to change their mind?

Abandoned carts are a major challenge for online retailers because it’s so easy for visitors to change their mind or move on to something new. By focusing on the issues that we will discuss here you should be able to minimize the percentage of shoppers that leave their carts.

1. Hidden details or surprises

Unpleasant surprises are a leading contributor to abandoned carts. When the visitor puts an item into the cart they may not be aware of hidden fees or other details that they find out about during the checkout process. You can minimize the impact of this by including the relevant information up front to avoid surprises.

2. High shipping charges and taxes

As a seller, there is not much you can do about taxes, but shipping charges often will discourage purchasers. Of course you will have to cover the costs of shipping, but buyers should know what to expect before they get to the final step of checkout. Many online shops offer free shipping for purchases over a specific dollar amount, which can encourage add-on purchases.

3. Time

Online shoppers prefer shopping online because of its convenience and speed. If a checkout process is cumbersome or confusing, the benefits of shopping from your site are minimal. Cut out any unnecessary steps and do whatever you can to make the process as quick and painless as possible.

4. Comparative shopping

Shopping around for the best deal is very easy online. For this reason it’s pretty common for an online shopper to place an item in their cart and then decide to visit some other sites to see if they can find a better deal. While you can’t change the fact that it’s easy for them to do comparative shopping, you can offer a lowest price guarantee to put their minds at ease.

5. Missing products

Sometimes a person who is making an online purchase will want to buy a few things at one time to save some money on shipping rather than buying several items one at a time. If your e-commerce site does not offer all of the items that they want to buy, or if something is out of stock, they may decide to move on to another online shop where they can get everything they want.

6. Buyer’s remorse, second thoughts

One of the most common causes of abandoned carts is just the buyer having second thoughts about the purchase. This is especially common with high-priced items.

7. Confusion

If a shopper is unsure about what they are supposed to do during the checkout process they will likely leave the site. Keep the checkout process as simple and clear as possible and provide help and answers to common questions for those who might get stuck.

8. Inflexible payment options

Think about how your typical customer will want to pay for their purchases online. There are a number of different options but you need to make sure that you are catering to the shoppers as much as possible to avoid lost sales. For example, if you only accept one or two types of credit card you will likely lose some sales.

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Steven Snell

Steven Snell

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