Definition of abandoned cart
When a customer adds items to their online shopping cart, but leaves the website before completing the purchase.
More about abandoned cart
An abandoned cart occurs when a potential customer adds products to their online shopping cart but leaves the website or app before completing the purchase. This is a common challenge for e-commerce businesses, and can lead to lost sales and increased costs.
Causes of abandoned carts:
- Complex checkout process: A lengthy or confusing checkout deters customers.
- High shipping costs: Unexpected fees can drive customers away.
- Lack of trust: Security concerns can prevent purchases.
- Insufficient product information: Unclear descriptions or missing images create confusion.
- Technical issues: Slow websites can frustrate users.
- Comparison shopping: Customers may shop around before deciding.
- Price sensitivity: High prices can discourage purchases.
Consequences of abandoned carts:
- Lost sales revenue.
- Increased marketing costs to win back customers.
- Potential negative word-of-mouth.
Strategies to reduce abandoned cart
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