This is the second article of our series - the Ultimate Guide to Conversion Rate Mastery. Here you can find part one.
Checkout Optimization - your secret weapon
The truth is that a well-optimized checkout process can generate insane conversion rates! So, without wasting more time, let's see how you can improve your checkout page.
Streamlining the Purchase Process - a proven success recipe.
Simplifying and streamlining the purchase process to minimize friction and make it easy for customers to complete their transactions is absolutely key, if you want to sell more. Actually, it might be considered one of the most underrated yet powerful optimizations that you can take upon. For the starter, you can optimize your website navigation, implement a user-friendly checkout process, and offer multiple secure payment options. Remove any unnecessary form fields and distractions that may deter customers from completing their purchases, you get the idea.
Optimizing the checkout process is something that deserves its own article but for now, let us introduce you to one of the best checkouts available on the market - our CloudCart Checkout.
More about CloudCart Checkout
The OG of all checkouts, the grandmaster in the category - our CloudCart Checkout is simple, effective, and smart! We’ve optimized the checkout process for our merchants so they can easily turn visitors into customers. Keep them on track, sell more, and reduce the number of abandoned carts with a singular, smooth, and useful checkout experience.
Let’s take a closer look at a list of all of the features that you get with it.
🛒 CloudCart Checkout boosts your Conversion Rate
Our checkout process is built to empower our merchants and help them achieve a conversion rate of up to 21%. With it, you can make adjustments as you go and measure what returns the best ROI for your business model.
🛒 From visitor to customer
A well-structured checkout page should capture your visitors' attention the right way. With everything presented in an optimized way, our checkout experience helps the users to make the decision to become clients.
🛒 Enter their addresses with one-click
Imagine a checkout where your customers can fill in their shipping address with a single click. After tedious amounts of work, our team has created exactly that (and we are quite proud of it). With our checkout, you can remove distractions and let the clients finish their purchases.
🛒 Mobile-friendly checkout
Creating a checkout page that looks great on all devices, especially mobile is a must! When picking a platform for your store, consider if all design features are optimized to facilitate a better checkout experience (of course ours are 😎).
🛒 Pinpoint customer localization
Your customers can be located up to a meter from anywhere in the world, thanks to the connection between your store and Google Maps.
🛒 Real-time shipping calculations
Often, one of the main culprits causing the dreaded abandoned cart scenario is the surprise awaiting the clients when they decide to finish their order. With our CloudCart Checkout, there will be no surprises regarding the shipping price. The rates are calculated in real-time for all courier services activated in your store.
As we mentioned already, our CloudCart Checkout is considered to be state of the art and is positioned as one of the top performing globally. For the sake of simplicity and shortness of this article, we will continue with more information about it in a dedicated article. For now, let us show you a list of all of the areas in which our CloudCart Checkout is optimized.
By the way, all of the information in this article is relevant in general (for every other checkout page), so you can also consider those lists as a reference for how a top-tier checkout optimization should look.
How a Smart Checkout Page should look like.
🛒 Let's start with some of the more advanced features:
- Automatic differentiation between digital and physical products
- Automatic account creation
- Made for retail and wholesale
- Region-specific VAT
🛒 The most important abandoned cart recovery features should be available too:
- Capability to add personalized and Engaging messages
- Email and message reminder
- Embed products into emails
- Tracking if an order has been abandoned
- Sending abandoned cart emails at scale
- Timed reminders
🛒 GEO localization and One-click Localization by Google Maps features:
- The checkout should be able to integrate with Google Maps (can generate up to x4 times more conversions)
- Automatic retrieval of delivery address data
- Automatic update of the delivery data (Google Maps keeps the most up-to-date information)
- Enabled “Google Place Names” (allows the client to type any retail or courier service name into the field to automatically show them their nearest location)
- Precise Delivery Calculations
- Capabilities to analyze your store performance
🛒 To have an Embeddable Cart & Checkout is a game-changer.
With CloudCart’s embeddable checkout link and buy button, you can reach your customers using:
- Emails
- External Websites
- Viber, Messenger, WhatsApp, and more
- Social Media (Facebook, Instagram, Twitter, etc.)
- Create a Checkout Link
- Creating an Embedded Buy Button
- Use embedded product variants
🛒 The security of the Checkout Process - a very important factor that influences the buying decisions of your clients!
To make your Checkout as safe as possible you need to have:
- SSL Certificates
- Encryption of the data
- Authentication
- Integrity
🛒Bots Protection & Fraud Prevention Tools.
To up a notch your online store checkout page’s security, consider using:
🛒 Bot protection
We keep your business’s safety in mind. All CloudCart stores come with a built-in Bot protection protocol that stops intrusive traffic from “bad” bots before they reach your store. No bots are allowed on the checkout page of your store, not even Google bots. This means that only people can see and complete the order process.
🛒 Fraud Prevention Tools
With CloudCart you are protected from fraudulent transactions. We #collaborate with the most #reliable payment providers in multiple regions. Along with CloudCart, they have developed supplementary fraud prevention tools such as Borica's Way4.
🛒 Our “ShareYourCart” - functionality that allows multi-device use.
Another advanced optimization, rarely available on other platforms, is the ability to share a shopping cart between users. With this functionality, users can send each other links from their current cart and collaborate on purchases.
ShareYourCart also alows to:
- Merge Carts
- Share their shopping and leave the products in the cart for later use
- Use Cart duplication to duplicate the cart contents for all users and syncs any changes made by the account holder.
🛒 Optimized shipping rates - yes, please
If you are in doubt, search online for “reasons for abandoning cart” and you will find that surprising shipping fees are among the top contenders. To avoid that issue, make sure that shipping prices are calculated in real-time for all the courier services you’ve activated in your store (with CloudCart this is a built-in feature). This way, you are protecting customers from wrong address input and most importantly - from surprising changes in the shipping price.
By the way, our smart shipping features are:
🛒 Well Connected
The seamless integration with courier services, allows your store to provide live estimations based on Google Maps Geo Localization.
🛒 Can show Available Shipping services automatically
The smart checkout will automatically detect which shipping services are available based on the address and postal code your customers have chosen.
🛒 Make no mistakes
Thanks to the smart checkout process and courier integrations, all details, prices, and distances will be accurately calculated.
🛒 Consider having a Minimum Order Value
One of the features that gained traction in the last years is having a MOV for your store. This has proven to be a very effective tactic in some situations. Also, if you offer conditional discounts, free shipping above a certain value, or something else in that fashion, this feature is a must.
Make sure that your checkout is capable of the following:
🛒 Setting Monetary Goals like a minimum value for an order that the customer needs to reach in order to finalize his order
🛒 Setting a Target Amount, so you can offer a discount or free shipping to your customers if they reach it
🛒 Allows you to set conditional discounts for multiple pieces added from the same type of product
The next battle-tested strategy helping you increase your CR is using Countdown Discounts Timers
Countdown timers are actually a popular tool utilized by e-commerce businesses worldwide to create a sense of urgency and drive conversions. The idea behind those countdown timers is that by setting a limited-time offer or discount with a countdown timer prominently displayed, you can instill a fear of missing out (FOMO) among potential customers, encouraging them to make a purchase before time runs out.
The concept behind the timers is simple, however, understanding how to use countdown timers properly is crucial if you want them to help you maximize conversions. One last note, before we instigate their usage, please use them sparingly and with a real discount. The countdown timers have been overused by many sellers and often this can backfire and make your clients lose trust in your store, especially if you try to create too much fake scarcity.
Let’s take a look at the best practices for setting up a discount countdown timer.
🛒 Start by using them to create a sense of urgency
When your store visitors see a “ticking” countdown “clock” - it is natural for them to experience a psychological urgency that compels them to finish their order quickly. The limited-time nature of the offer triggers a fear of missing out, which motivates your users to make a purchase decision promptly. Just don’t use this in an unethical way because you risk losing more clients than you gain.
🛒 Influencing Purchase Decision-Making
When faced with a countdown timer, customers must make a quick choice between taking advantage of the offer or risking losing it. Another practical tip in this regard is to A/B test your return claims on product pages with or without countdown timers, of course, test your ROI too. But if the timers persuade too many “non-clients” that soon are filling a return request, then be careful how you use them.
🛒 Leveraging Scarcity and Exclusivity
Countdown timers capitalize on the principles of scarcity and exclusivity. By setting a limited time for the offer, you can create a perception of scarcity, making the product or discount appear more valuable and desirable. This works even better if the scarcity and/or exclusivity are real, not made up for the sake of marketing.
🛒 Countdown timers increase trust and credibility
When users see a countdown timer, they unconsciously decide that many others have already taken advantage of the offer, increasing their trust in the product or discount. This form of social proof scales the effectiveness of the countdown timer, as users are more likely to trust and act upon an offer that has been already chosen by many before them.
🛒 Alignment with the Offer Value
It's important to ensure that the value provided by the countdown offer aligns with customer expectations because if customers perceive the offer as underwhelming or misleading, it can lead to dissatisfaction and negative brand perception.
🛒 Testing and optimization of the countdown timers
Monitoring and analyzing countdown timers and their impact on CR is essential for optimization. Many new sellers just slap a countdown timer on their header or product description (or in every possible place in their store) and call it a day. As you have seen, it’s more complicated than that and you should approach the countdown timers as an Conversion Optimization expert and make the effort to test and optimize your timers.
In conclusion, by creating a sense of urgency, influencing purchase decision-making, and leveraging scarcity and exclusivity, countdown timers can be a powerful conversion optimization strategy. But keep in mind that getting the best of the countdown timers is reliant on tests and careful alignment with your offer, if you want them to be yet another tool that will boost your conversions.
Free Shipping Qualifying - one of the most powerful conversion triggers
Offering free shipping on an eCommerce website can significantly increase its conversion rate by removing one of the most common barriers to purchase. Let’s be honest, nobody likes to pay shipping fees. Offering free shipping is a good way to enhance the overall customer experience.
Here's how offering free shipping (or conditional free shipping) can impact conversions:
🛒 Overcoming Purchase Resistance
Shipping costs are often a major factor that causes potential customers to abandon their carts. By offering free shipping, you eliminate this financial obstacle and reduce purchase resistance. Customers are more likely to proceed with their purchase when they know they won't have to pay additional shipping fees. But if you charge for shipping, you can rest assured that with your CloudCart your clients won’t get surprising taxes popping out at the last second of their purchase (and of course making them abandon the ship… we meant the cart).
🛒 Increases the Perceived Value of your offer
Free shipping creates a perception of added value for the customer. It enhances the attractiveness of the offer, making it more appealing and competitive compared to other stores that may charge for shipping. In all of the sales, modulating the perceived value of an offer is the true name of the game. Free shipping helps exactly with that.
🛒 Is a psychological Incentive
Free shipping acts as a psychological incentive that triggers positive emotional responses. Another very important thing to consider is that at this point a lot of the potential buyers are conditioned to expect a free shipping option. Seeing a free shipping offer in their checkout makes them feel like they are receiving a bonus or special treatment, which enhances their satisfaction and likelihood of making a purchase. Offering something for free also taps into the principle of reciprocity, which means that customers feel inclined to reciprocate the perceived generosity by completing their purchase.
🛒 Simplifies the Checkout Process
With free shipping, the checkout process becomes simpler and more streamlined. Customers no longer need to calculate and compare shipping costs or make decisions based on those additional charges (that is the case if you are using a platform different than ours because with CloudCart everything happens automatically and in real-time). This simplification reduces friction in the purchasing journey, making it easier for customers to complete their transactions and boosting conversion rates.
🛒 Increases the Average Order Value
Free shipping thresholds, where customers need to spend a certain amount to qualify for the free shipping, can encourage customers to add more items to their carts to meet this requirement. That is another battle-tested tactic that can increase the average order value, as customers are motivated to reach the free shipping threshold and maximize the perceived value of their purchase.
🛒 Free shipping provides a Competitive Advantage
In today's competitive eCommerce landscape, free shipping has become an expected norm. Offering free shipping gives your business a competitive edge and positions it as customer-friendly and accommodating. It can attract customers who prioritize free shipping when choosing between different online retailers, ultimately leading to higher conversion rates.
🛒 Offering free shipping creates a positive brand perception
Providing free shipping contributes to a positive brand perception and fosters customer loyalty. Let’s be honest, who doesn’t love getting special treatment and something for free? Customers appreciate the added value and convenience, associating it with a positive experience of shopping with your brand. Also, if you leave your customers satisfied, then it’s more likely for them to return for future purchases and become brand advocates, further boosting conversion rates through word-of-mouth referrals.
In summary, offering free shipping on an eCommerce website can significantly increase the conversion rate by reducing purchase resistance, enhancing perceived value, simplifying the checkout process, increasing average order value, providing a competitive advantage, and fostering positive brand perception.
By removing the financial barrier and improving the overall customer experience, free shipping encourages more customers to complete their purchases, resulting in higher conversions and improved business outcomes.
In the next part, we will continue with more of the most powerful CRO tactics.
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