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Discover revenue potential in your checkout process

  • Published February 19, 2018
  • Daniela Ilincic
  • Reading time: 7 min.

The checkout process in an online shop should not be underestimated. Missing elements, such as information on shipping costs or payment methods, can lead to abandoned purchases. These should always be checked to ensure they are up to date. In addition, there is also sales potential that you, as a shop operator, can exploit. In this blog article, we will show you what this potential is and how you can exploit it.

The image shows a man holding out a bank card to the viewer.

The checkout process in a nutshell

When an online shopper reaches the product detail page and decides to purchase the product, they can add it to their shopping cart with just one click. They now have the option to continue shopping or go directly to the shopping cart and start the checkout process. In order for them to reach this stage of the customer journey, the product detail page must have already done a good job of preparing them. Read our blog article on this topic: How you can use the product detail page as a conversion lever. If the product detail page has been convincing, the customer proceeds to the shopping cart, the first part of the checkout process.


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Station 1: The shopping cart

In order to guide your customers from the shopping cart to the checkout, certain elements should be clearly visible to them, such as the product image, a brief description of the item, shipping costs, payment methods, etc. You can find out exactly what you need to pay attention to from various statistics. Statista, for example, offers statistics on reasons that lead to abandoned purchases.

 

Station 2: Delivery and payment

At this stage, you need the customer's details so that you can ship the product and process payment. You have the option of offering the customer the chance to log in or register for a customer account. Their details will then be stored and won't need to be re-entered. However, this shouldn't be mandatory, as compulsory registration could lead to customers abandoning their purchase. Instead, you should allow them to shop "as a guest."

 

Station 3: Payment process

On the last page, your customers expect to see an order summary that clearly displays all the purchase details. If everything is complete and correct, there is a high probability that your customers will complete the purchase with just one click and be redirected to the thank you page.

 

Station 4: Thank you page

The thank-you page is an important element in the checkout process. You can use it to express your gratitude and reinforce the purchase with positive emotions, e.g., with the teaser "Thank you for your purchase, you made the right decision." The order number, a brief overview of the items purchased, and information for inquiries make your thank-you page informative and user-friendly.

The order confirmation and package tracking should still be sent via email, as these transactional emails are now standard practice and the information should still be available even after the thank you page has been closed.

Create added value in the shopping cart

In addition to product details, as a shop operator, you can use the shopping cart to promote sales, the first step in the checkout process. This is because you can offer your customers additional products that match their selected items in the shopping cart. This offers your customers added value, as they don't have to search for matching additional items in the online shop. But it also gives you the opportunity to increase your shopping cart value and boost sales.

Cross-selling is particularly interesting for products that require additional materials in order to be used correctly, e.g., in the craft sector. If someone wants to hang wallpaper, they will need paste and a wallpaper roller in addition to the wallpaper itself. Online shoppers can be made aware of this in their shopping cart and quickly complete their purchase.

Shopping cart view in the epoq demo shop
Shopping cart view in the epoq demo shop

However, it must be clearly indicated that these are recommendations and not products that your customer has selected to purchase, so that they do not become uncertain and abandon the purchase. In addition, the recommendations should appear above the line of sight, as otherwise they may not be noticed. Read our blog article on this topic: Inspiration made easy: How to use product recommendations effectively in e-commerce.

Our experience at epoq has shown that up-sell strategies in the shopping cart should be used with caution, as they can make customers unsure whether the product they have selected is the right one. This could cause them to abandon their purchase. Cross-selling recommendations are more suitable in this case. However, these should not be designed to inspire, as this could cause the customer to cancel their purchase, e.g., if wall paint is recommended alongside a wallpapering table. Wallpapering tools would be a better recommendation in this case.

An alternative to cross-sell recommendations in the shopping cart are cross-sell recommendations in the shopping cart layer. Here, we have recorded the best results for cross-sell products across all industries, as the customer has not yet mentally completed the purchase.

Another way to increase the value of the shopping cart during the checkout process is to set up a checkout area, as in brick-and-mortar stores.Small, inexpensive itemscanbe offeredto go with the selected product, which, as in brick-and-mortar stores, are added to the shopping cart. This is just as effective in online shops as it is in offline retail. In addition, small items can be matched to the selected products online, which is difficult to do in brick-and-mortar stores.

What to do if the customer does cancel

Don't panic. If the customer does abandon the checkout process, you still have the option of discreetly contacting them and redirecting them to their shopping cart. How? With an abandoned cart email. After a few days, you can remind them about their abandoned shopping cart, e.g., with the teaser "Your package is waiting for you" or "Don't forget me," and perhaps entice them to complete their purchase with a discount code. You can find out how this works in detail in our blog article: Increase sales with personalized cart abandonment emails.

Example of a shopping cart abandonment email from the epoq demo store

 

Encourage visitors to continue shopping via the thank you page

A thank-you page doesn't just have to contain information about the product purchased. You have the opportunity to encourage your customers to continue shopping. You can achieve this with relevant recommendations. By analyzing your customers' online shopping behavior, you can determine which products are most likely to spark their interest. This is usually done with the help of a recommendation engine, which usesartificial intelligence to automatically display relevant recommendations in real time in the shop.

With the teaser "Have you seen these products yet?", you could integrate a widget on the thank-you page and redirect your customers to the product detail page. Another option would be to redirect them to a special landing page that matches their purchase. For example, if a customer has bought ski goggles, you could redirect them to a landing page about skiing vacations and use digital storytelling offer them additional products.

Our experience at epoq has shown that suggested items from categories that the customer did not view during their visit were the most effective. Since the customer has already placed an order at this point, you can't go wrong here by showing your customer what else your store has to offer.

 

Use transactional emails to increase traffic

When you send the order confirmation, why not include cross-sell products related to the purchased item? This allows you to draw your customers' attention to suitable additional items and guide them back tothe online shop via a personalized email. Your traffic will increase, and so will your sales.

Example of a personalized transaction email from the epoq demo shop

 

Our experience at epoq has shown that personalized outfit emails are very successful in the fashion industry.


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Conclusion: Turn checkout into check-in

In addition to checkout optimization, there are various ways to get your online shoppers to "check in" to your online store again and make new purchases. To do this, use specific stages in the checkout process that you can personalize. This will allow you to create new sources of revenue and services.

 

 

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Daniela Ilincic
Head of Marketing
Daniela Ilincic is Head of Marketing at Epoq. She comes from a background in digital marketing, specializing in SEO and content marketing. She established the digital sales channel at Epoq, which she continues to optimize with her team. In addition to her work, she enjoys sharing market-relevant information on digital topics.