The technological changes and the urge to facilitate the end consumer, even more, are the core reasons that set new standards for the industry. The online shopping businesses are flourishing by making their websites more user-friendly which may include simplifying the checkout system, removing ambiguities about product and shipping costs, and having an alluring web design.
The trends of an industry or field do not remain same as the changing needs of the end consumers compel managers to pursue other means and methodologies for success. The trends and statistics defined in the following info-graphics are the derived by thoroughly studying market trends, expert opinion and best practices for gaining customer reach and facilitation.
Regarding cart abandonment, the info-graphics states that about 28% of online buyers do not finish the order due to the ambiguity of shipping cost. It also brings into limelight the consumer behaviors that restrict them to check out successfully. The statistics also reveals that existing customers are more likely to purchase your products with discounts. Free shipping proves to be revenue booster because the survey shows that 24% people are interested in spending more on shopping to waive off shipping charges.
The statistics about social media are amazing because most of the people reported that they are kept informed about favorite products through social media and that Facebook leads other networks in conversion rate. Have a look at the info-graphic for detail insights about the trends and statistics that may help you grow your online business.
An Infographic by fmeaddons.com.