5 Last Minute Conversion Tips Before the Holiday Season

How to Quickly Boost Conversion Rates for Your Online Store If you’re an ecommerce owner, you’re probably looking forward to the upcoming holiday season.  You’re planning your marketing campaigns carefully, maybe hiring new people to help, and wai…

How to Quickly Boost Conversion Rates for Your Online Store If you’re an ecommerce owner, you’re probably looking forward to the upcoming holiday season.  You’re planning your marketing campaigns carefully, maybe hiring new people to help, and waiting for more traffic to come. But you may also think it’s too late to do anything with […]

The post 5 Last Minute Conversion Tips Before the Holiday Season appeared first on The Daily Egg.

How to Increase your Shopify Store Conversion Rate

Having trouble viewing the text? You can always read the original article here: How to Increase your Shopify Store Conversion Rate
A must-read guide to increase your Shopify store conversion rate – better yet, conversion optimization rates – with step …

Having trouble viewing the text? You can always read the original article here: How to Increase your Shopify Store Conversion Rate

A must-read guide to increase your Shopify store conversion rate – better yet, conversion optimization rates – with step by step instructions. Check it out. There is no denying that increasing your Shopify store conversion rate will lead to a growth in sales and revenue, assuming your traffic remains constant. That is why we crafted […]

The post How to Increase your Shopify Store Conversion Rate appeared first on Conversion Sciences.

40+ Ecommerce Marketing Stats for 2020 Planning

In order to create strategies to maximize sales and drive impact, your team needs an understanding of ecommerce trends and data. Below are important metrics as they relate to conversion rates, add-to-cart rates, and personalization. Utilize this information to help craft your 2020 marketing plan and personalization tactics.  Let’s take a look at the 50…

The post 40+ Ecommerce Marketing Stats for 2020 Planning appeared first on Monetate.

In order to create strategies to maximize sales and drive impact, your team needs an understanding of ecommerce trends and data. Below are important metrics as they relate to conversion rates, add-to-cart rates, and personalization. Utilize this information to help craft your 2020 marketing plan and personalization tactics. 

Let’s take a look at the 50 ecommerce marketing stats you need to know now.

Customer Acquisition

  • Ninety-five percent of all purchases in the UK are projected to come via ecommerce by the year 2040. 
  • Mary Meeker’s most recent trend report cites phenomenal 22 percent YoY growth in digital advertising spend for 2019.
  • Email is a valuable tool for ecommerce sites. About 70 percent of users who visit a site for the first time from an email will return within a 60 day timeframe. Forty-eight percent will return within six days.
  • Eighty-three percent of all email visitors make a return visit, while those who enter via social media channels have a likelihood of returning that is below 75 percent.
  • A lack of content relevancy generates 83 percent lower response rates in the average marketing campaign. 
  • 43 percent of ecommerce traffic comes from Google organic searches. 

Add-to-Cart Rates 

  • In Great Britain, add-to-cart rates are 15.98 percent and in the US add-to-cart rates are 10.21 percent.
  • Tablets have the highest add-to-cart rates globally (11.87 percent) and in the US (12.20 percent). However, in Great Britain, add-to-cart rates are higher on desktop (16.55 percent).
  • Add-to-cart rates are higher for those who use multiple devices – 73 percent compared to 12 percent.
  • 61 percent of shoppers say they have left a transaction behind due to added costs such as shipping fees. 
  • Another 34 percent say they’ve abandoned their carts because it was too difficult to create an account. 

Conversion Rates & Purchase Rates

  • In the US, conversion rates are 2.57 percent and in Great Britain, conversion rates are 3.81 percent.
  • Conversion rates are performing best on desktops (3.90 percent) globally. 
  • 61 percent of consumers read online reviews before making a purchase. 
  • In the US, desktop conversion rates are 4.14 percent and in Great Britain, desktop conversion rates are 4.97 percent.
  • Relevant product recommendations can play an important role in conversions. Clients who click on a recommended product are 70 percent more likely to make a purchase than those who see a product recommendations, but do not interact with it.
  • Return sessions for those who left a recommended product in their cart are 45 percent more likely to convert.
  • Almost half of survey respondents noted that they had made an impulse purchase as a result of a recommended product. 85 percent of these were happy to have made that purchase.
  • Loyal customers are more valuable to retailers than first time customers. They convert at rates 4x higher.

Average Order Value

  • Average order values are $107.36 globally, $118.17 in the US, and $71.86 in Great Britain.
  • Average order value from organic searches is $79.01, while AOV from direct website visits averages at $112.01.
  • Desktop users have a higher average order value with $128.08 globally, $135.07 in the US, and $86.47 in Great Britain.
  • AOV increases by as much as 33 percent when customers buy or add recommended products to their carts (compared to those who see the product recommendations and do not interact with them).
  • Average order value is $86.47 on mobile globally.
  • AOV is 38 percent higher for those who return to a site after making a purchase from a recommended product than those who did not.
  • Cross device customer journeys are more valuable to organizations. Average order value increases from $115 to $130 when customers shop across devices.

The Compounding Effects of Personalization

  • Conversion rates doubled for consumers who are exposed to three personalized elements, compared to two personalized elements.
  • Companies see a 55 percent increase in leads when increasing their landing pages from 10 to 15. 
  • Add-to cart rates improved by 74 percent when comparing the second and third personalized pageviews.
  • By the 10th personalized webpage, conversion rates skyrocketed to 31.6 percent and add-to-cart rates increased to 65.2 percent.
  • Cart abandonment rates improved when users were exposed to personalized webpages. After two personalized webpages, it dropped to 82.6 percent and by the tenth personalized webpage, it dropped to 58 percent. By the 20th, it dropped to below half (40 percent)

  • Seventy-eight percent said that they will not even react to a retailer’s offer if their interaction is not personalized.
  • Eighty-eight percent of shoppers say that they are more likely to make a purchase from an organization who delivers a personalized experience across devices.

Personalization Strategies for Organizations

  • Eighty-six percent of companies who are seeing a high return on their investment (2x or more) are investing at least 21 percent of their budget into personalization efforts.
  • Companies that exceeded their revenue goals in 2018 were 25 percent more likely to have financial specific personalization initiatives in place.
  • About 60 percent of marketers struggle to personalize content in real time, but 77 percent believe real-time personalization is crucial. 
  • Seventy-nine percent of organizations that exceeded their revenue goals had a personalization strategy in place. 
  • Sixty-six percent of marketers say one of their biggest struggles with personalization is securing the internal resources needed to execute their strategy.
  • Ninety-three percent of organizations who had an advanced personalization program in place grew their revenue. 0 percent experienced a decline in revenue.

The Next Step for Businesses

The ecommerce industry has been affected by disruption with emerging technologies and trends. Despite all these changes, customers continue to look for a personalized experience across their platforms. Monetate and our personalization experts can help you deliver a best-in-class customer experience in 2020.

The post 40+ Ecommerce Marketing Stats for 2020 Planning appeared first on Monetate.

Guest Checkout Tactics to Grow Ecommerce Sales (with Examples and Ideas)

Having trouble viewing the text? You can always read the original article here: Guest Checkout Tactics to Grow Ecommerce Sales (with Examples and Ideas)
Test and implement these guest checkout tactics to reduce cart abandonment, grow ecommerce sales an…

Having trouble viewing the text? You can always read the original article here: Guest Checkout Tactics to Grow Ecommerce Sales (with Examples and Ideas)

Test and implement these guest checkout tactics to reduce cart abandonment, grow ecommerce sales and conversion rates, and have your customers complete the purchase. As a customer, do you really want to create an account for every single website you interact with? Absolutely not. On the other hand, if you are a customer, you want […]

The post Guest Checkout Tactics to Grow Ecommerce Sales (with Examples and Ideas) appeared first on Conversion Sciences.

The Complete Guide to Selling on the Walmart Marketplace in 2019

The Walmart Marketplace won’t ever be the new Amazon, but that’s doesn’t mean there isn’t an opportunity for retailers. We’ve seen Walmart scale… > Read More
The post The Complete Guide to Selling on the Walmart Marketplace in 2019 …

The Walmart Marketplace won’t ever be the new Amazon, but that’s doesn’t mean there isn’t an opportunity for retailers. We’ve seen Walmart scale... > Read More

The post The Complete Guide to Selling on the Walmart Marketplace in 2019 appeared first on Retail Performance Marketing Blog - CPC Strategy.

Thank You + Brooks Bell’s Best of 2018

It’s January 3, and if you’re like us, you’re already heads down at your desk and neck deep in emails. But we’d be remiss if we didn’t take a minute to reflect on the previous year. In November of 2018, we quietly celebrated 15 years of being in business. When Brooks Bell was founded, experimentation was in […]

The post Thank You + Brooks Bell’s Best of 2018 appeared first on Brooks Bell.

It’s January 3, and if you’re like us, you’re already heads down at your desk and neck deep in emails. But we’d be remiss if we didn’t take a minute to reflect on the previous year.

In November of 2018, we quietly celebrated 15 years of being in business. When Brooks Bell was founded, experimentation was in its infancy. But despite all the changes we’ve experienced since then, one thing remains true: it is the opportunity to connect with so many interesting people that are solving big problems for their business that makes our work worthwhile. Thanks for walking with us.

A look back at some of our big moments from 2018

Winning like Winona

In January, our Founder & CEO, Brooks Bell, was recognized as one of 25 women who rocked digital marketing in 2017. Later in the year, she was also announced as a Southeastern Finalist for EY’s Entrepreneur of the Year award. 

We also celebrated 2017’s record-breaking growth, were recognized as Optimizely’s North American Partner of the Year, and we garnered our local business journal’s Best Places to Work award.

Getting Lit with Illuminate

Fun fact: We originally built Illuminate to help us better manage and iterate upon our clients’ tests. Over time, we got so much great feedback, that we decided to make it available to everyone this year.

Now, with a successful beta launch under our belt and even more new features being added to the software, we’re excited to see where this new endeavor takes us in 2019.

F is for Friends, Fun and…Fear?

In October, things got a little spooky around the office and it had everything to do with Scott, our Director of Sales, who decided to channel his inner Ellen Degeneres for the day (much to our colleagues’ horror). Watch the video if you dare.

Making Bacon for our Clients

Back in 2014, we set a Big Hairy Audacious Goal to achieve $1 billion in projected revenue for our clients. By the end of 2017, we’d reached $500 million. And this past December, we hit $1 billion. (cue ::gong::)

But we’re not resting on our laurels. We’ve set some aggressive goals for 2019, with a focus on personalization, and we’re pumped to get to work.

Brooks Bell takes the Bay Area 

In September, we officially opened the doors to our San Fransisco office. This decision came after years of working with clients on the West Coast and our desire to work even more closely with them. And with the Bay Area’s rich history of innovation, we can’t think of a better place to help more companies push their boundaries through experimentation.

Still Clickin’ 

Last May, we hosted our annual Click Summit conference. We might be biased but this remains one of our favorite events as it’s filled with meaningful connections and seriously impactful takeaways. 2019 marks our 10th Click Summit, and we’ve got big plans. Request your invite today.

2018 on the blog

 


The post Thank You + Brooks Bell’s Best of 2018 appeared first on Brooks Bell.

E-commerce Abandonment Rates

There are few key performance indicators that everyone focuses on for an e-commerce store: conversion rates, average order value and the number of monthly visitors. These metrics translate into money…

Please click on the title to read the full artic…

There are few key performance indicators that everyone focuses on for an e-commerce store: conversion rates, average order value and the number of monthly visitors. These metrics translate into money...

Please click on the title to read the full article!