The #1 Optimization Tip to Increase Your Shopify Store Revenue by $$$$$
Abandon Carts: The Low-Hanging Fruit You Need to Pay Attention To!
Did you know that more than 69% of online shoppers abandoned their cart before completing their purchase?!
If your Shopify Store brings in 125,000 visitors per month, your average order value (AOV) is $100, and your visitor-to-sale conversion rate is 0.92%, then just increasing your conversion rate by just 0.5% would result in an extra $46,250 of monthly revenue! That equates to an additional $555,000 in annual revenue, a substanatial boost to your business's bottom line 🤯💥💰
Even a small increase in conversion rate can significantly impact your revenue over time, making it an important metric to track and optimize for e-commerce success.
Why Do Consumers Abandon Their Carts?
The hesitation to follow through on a purchase can be due to various reasons, but the Top 3 Reasons are;
Extra costs too high (shipping, tax, fees) (48%)*
The site wanted me to create an account (24%)*
Delivery was too slow (22%)*
The great thing is that these customers are already interested in your products and likely just need a little reminder or some extra motivation to finish buying.
A good Abandon Cart Flow Strategy can help to re-engage potential customers.
We're here to help you achieve higher sales for your DTC Shopify Store! Your success is our success. Let's Chat!