With abandoned cart rates sitting between 60-80%, online retailers have to do everything they can to get users to come back and complete purchases they started but didn’t finish. Abandoned cart emails have shown to be an effective tool to re-cover these sales, but more can be done.
The reality is that online shoppers don’t just add items to their shopping cart to buy them right now. The shopping cart allows users to save items of interest while they browse, compare products and add or remove products to qualify for site discounts such as free shipping. When it comes to evaluating the items in their shopping cart, users traditionally have two options: They can either delete an item permanently or proceed to the checkout and buy it. If they are not quite ready to buy a particular item, they will have no other choice but to delete it permanently, even if there is intent to buy it later. That’s where a “Save For Later” feature is invaluable. It means you give your customers a choice. For Solutionists clients, this has brought in extra sales. In the last 3 months, saved items have had a conversion rate of 7.23%.