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Abandoned Cart Emails:
The facts, the data and the how-to.

What you will learn

Discover the powerful stats for abandoned cart emails that prove they work. Learn how to put
the campaigns together including: timing, messaging and frequency. Plus, see some real life
examples.

The facts

Definition: Cart abandonment occurs
when a shopper adds an item to their cart,
but does not complete the purchase.
According to industry experts, cart
abandonment rates range anywhere from
60-70%, which coincides with data we
have collected from our own clients which
show an average of 69% abandonment.

Reduce cart abandonment rates with marketing automation. Clients running abandoned
cart emails have an 18% lower abandonment rate than those that are not running
the campaigns. Cart abandonment campaigns also have higher: open rate, click rate,
average time spent on website, average purchase value, conversion rate and per visit value
when compared to standard emails. PLUS, they have a substantially lower bounce rate.

Using internal client data all operating within the same industry, we compared cart
abandonment rates of those running abandoned cart campaigns targeting vs. those that were
not running the campaigns.




                                      www.whereoware.com                                       2
The data

The data tells the story. When aggregating Whereoware’s email
data we found distinct differences between abandoned cart (AC)
mailings and normal, blast mailings that go to everyone (See
Appendix).



       Open + Click Rate
80%                                  Email activity
60%
40%                      AC          We found a 40% lift in open rates and a 47% lift in click
                         Mailing     through rates. This type of uplift would be expected since it is a
20%
 0%                      Normal      highly targeted email. An abandoned cart email is generally sent just
                         Mailing     1-3 days after the customer visited the site and abandoned their cart.
       Open Click
       Rate Rate                     So the email is both highly relevant and timely.

                                                                                              Time on site
                                                                                             (engagement)
Engagement
                                                                                       10
                                                                                                          AC
We found that site engagement increases by almost 28% and                                                 Mailing
bounce rate decreases 151%; expected stats as these are customers                       5
                                                                                                          Normal
are highly qualified.                                                                                     Mailing
                                                                                        0

                                   Orders
      Order Conversion                                                                       Bounce Rate
            Rate                   We are capturing 9% of carts that have been
                                                                                      30%
                                   abandoned, allowing us to recover revenue that
10%                                                                                                     AC
                    AC             would have otherwise been lost. Compared to        20%               Mailing
                    Mailing        normal mailings, the order conversion rate
 5%                                increases by 69%. Not surprising, as these         10%               Normal
                    Normal                                                                              Mailing
                    Mailing        customers already have items in their cart in
 0%                                which they are interested. More                      0%
                                   interestingly, the average order value
  Average Order Value              increased by 23%. Not only do they purchase more often, but they
                                   also tend to purchase more.
$600
                    AC             Based on the data, it is easy to conclude that sending abandoned cart
$400                Mailing        emails is highly beneficial. What’s not to love? You capture revenue that
                    Normal         otherwise would have been lost. Plus those that receive them are more
$200
                    Mailing        likely to open and click the email, engage on your site, place orders and
  $0                               order more than those that do not receive the emails.




                                            www.whereoware.com                                                      3
The how-to

                                      So the data says abandoned cart emails work. So how do you
                                      implement it? The first thing you need is data. At the
                                      minimum, you need to be able to pull users emails who abandon
                                      their cart on your website. Ideally, you would also capture
                                      additional information, like what they abandoned, when they
                                      abandoned and when their cart expires. Use this data to form a
                                      segment in your marketing database to which your email will be
                                      targeted.

Once you have the data settled you will need to decide on a couple of matters:

   1. Timing: A general rule of thumb for abandoned cart emails is
      to send one to three days after cart abandonment. This will vary
      based on the type of product you are offering, how long you are able to
      keep items in your cart and your visitors preferences. Of course, the
      only way to truly know your visitors preferred timing is to test.

   2. Messaging: There are a few common types of abandoned cart
      messages.
        a. Basic: In the basic abandoned cart email you simply remind
              your visitors that they left something in their cart and
              ask if they need any help. Provide a link to complete their transaction and phone
              numbers, contact pages, or live chat links to answer any questions they may have about
              the order. Bump it up a notch: If you are able to capture abandoned products, it would
              be great to include their images and details in the email to remind visitors what they left
              behind.
           b. Your Cart is Expiring: Here you can add urgency to the basic messaging encouraging
              users to purchase their products before the items in their cart are deleted.
           c. Discount/Offer: You can add
              an incentive for visitors to
              complete their order. Warning:
              It is possible that you may train
              your visitors to abandon their
              cart. We recommend avoiding
              giving discounts unless you can
              put business rules in place that
              help avoid training users.

   3. Frequency: You may want to send
      multiple cart abandonment emails,
      ensuring your visitors don’t forget they
      left something in their cart.




                                       www.whereoware.com                                                   4
A Few Examples



                                 Basic Message: Simply reminding customers
                                 that they left items in their cart can help
                                 recapture lost revenue.




                                  Basic Message, bumped up: This bumped
                                  up basic message still reminds users that
                                  they left items in their cart and offers help,
                                  but it takes it a step further by reminding
                                  users the number of items in the cart, the
                                  value and the date they last touched the
                                  cart.




                 www.whereoware.com                                                5
Basic Message, bumped up 2: This
                                                  message takes the basic message,
                                                  reminding users that they left items in
                                                  their cart a step further by including an
                                                  image of the of item left in the cart along
                                                  with details about the product.




 * not a Whereoware client




                                                      Expiring Cart: Here the messaging is
                                                      applying a sense of urgency by stating
                                                      the “shopping bag will expire in a few
                                                      days.”




* not a Whereoware client


                             www.whereoware.com                                                 6
First time abandoned
                                            Discount/Offer Message: Using
                                            business rules, we avoid training
                                            customers to abandon their cart.
                                            Customers only receive the discount
                                            the first time the abandon.



                         Second time abandoned




                       www.whereoware.com                                         7
Appendix




                                                                     Average         Order           Per
                      Open      Click      Average       Bounce
     Averages                                                         Value        Conversion       Visit
                      Rate      Rate     Time on Site     Rate
                                                                      Spent           Rate          Value
  Abandoned Cart
                      58%        54%      9 minutes       10%         $504             9%           $41
     Mailing
  Normal Mailing      35*%       28%      6.5 minutes     26%         $387             1%           $12

     Difference        41%       48%         28%          -151%        23%            69%           71%



 *Wheroware normal open rates are higher than industry average due to specific techniques we use.




                                        www.whereoware.com                                                  8
About Whereoware

Whereoware is an online strategy, design, development and marketing company. We recognize each client's needs
and objectives as unique. We dive deep into each client's business through consultative assessments and analytical
benchmarking. We then craft an individual solution for each client. Our solutions are Smart because they solve each
client’s business problems.

Contact us today

    505 Huntmar Park Drive                  Phone: (877) 521-7448                 Jay Beutler
    Suite 200                               Fax: (703) 889-1218                   Senior sales consultant
    Herndon, VA 20170                       Email: sales@whereoware.com           Phone: 701-205-1463
                                                                                  Email: jbeutler@whereoware.com




                                                www.whereoware.com                                                    9

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Cart abandonment

  • 1.
  • 2. Abandoned Cart Emails: The facts, the data and the how-to. What you will learn Discover the powerful stats for abandoned cart emails that prove they work. Learn how to put the campaigns together including: timing, messaging and frequency. Plus, see some real life examples. The facts Definition: Cart abandonment occurs when a shopper adds an item to their cart, but does not complete the purchase. According to industry experts, cart abandonment rates range anywhere from 60-70%, which coincides with data we have collected from our own clients which show an average of 69% abandonment. Reduce cart abandonment rates with marketing automation. Clients running abandoned cart emails have an 18% lower abandonment rate than those that are not running the campaigns. Cart abandonment campaigns also have higher: open rate, click rate, average time spent on website, average purchase value, conversion rate and per visit value when compared to standard emails. PLUS, they have a substantially lower bounce rate. Using internal client data all operating within the same industry, we compared cart abandonment rates of those running abandoned cart campaigns targeting vs. those that were not running the campaigns. www.whereoware.com 2
  • 3. The data The data tells the story. When aggregating Whereoware’s email data we found distinct differences between abandoned cart (AC) mailings and normal, blast mailings that go to everyone (See Appendix). Open + Click Rate 80% Email activity 60% 40% AC We found a 40% lift in open rates and a 47% lift in click Mailing through rates. This type of uplift would be expected since it is a 20% 0% Normal highly targeted email. An abandoned cart email is generally sent just Mailing 1-3 days after the customer visited the site and abandoned their cart. Open Click Rate Rate So the email is both highly relevant and timely. Time on site (engagement) Engagement 10 AC We found that site engagement increases by almost 28% and Mailing bounce rate decreases 151%; expected stats as these are customers 5 Normal are highly qualified. Mailing 0 Orders Order Conversion Bounce Rate Rate We are capturing 9% of carts that have been 30% abandoned, allowing us to recover revenue that 10% AC AC would have otherwise been lost. Compared to 20% Mailing Mailing normal mailings, the order conversion rate 5% increases by 69%. Not surprising, as these 10% Normal Normal Mailing Mailing customers already have items in their cart in 0% which they are interested. More 0% interestingly, the average order value Average Order Value increased by 23%. Not only do they purchase more often, but they also tend to purchase more. $600 AC Based on the data, it is easy to conclude that sending abandoned cart $400 Mailing emails is highly beneficial. What’s not to love? You capture revenue that Normal otherwise would have been lost. Plus those that receive them are more $200 Mailing likely to open and click the email, engage on your site, place orders and $0 order more than those that do not receive the emails. www.whereoware.com 3
  • 4. The how-to So the data says abandoned cart emails work. So how do you implement it? The first thing you need is data. At the minimum, you need to be able to pull users emails who abandon their cart on your website. Ideally, you would also capture additional information, like what they abandoned, when they abandoned and when their cart expires. Use this data to form a segment in your marketing database to which your email will be targeted. Once you have the data settled you will need to decide on a couple of matters: 1. Timing: A general rule of thumb for abandoned cart emails is to send one to three days after cart abandonment. This will vary based on the type of product you are offering, how long you are able to keep items in your cart and your visitors preferences. Of course, the only way to truly know your visitors preferred timing is to test. 2. Messaging: There are a few common types of abandoned cart messages. a. Basic: In the basic abandoned cart email you simply remind your visitors that they left something in their cart and ask if they need any help. Provide a link to complete their transaction and phone numbers, contact pages, or live chat links to answer any questions they may have about the order. Bump it up a notch: If you are able to capture abandoned products, it would be great to include their images and details in the email to remind visitors what they left behind. b. Your Cart is Expiring: Here you can add urgency to the basic messaging encouraging users to purchase their products before the items in their cart are deleted. c. Discount/Offer: You can add an incentive for visitors to complete their order. Warning: It is possible that you may train your visitors to abandon their cart. We recommend avoiding giving discounts unless you can put business rules in place that help avoid training users. 3. Frequency: You may want to send multiple cart abandonment emails, ensuring your visitors don’t forget they left something in their cart. www.whereoware.com 4
  • 5. A Few Examples Basic Message: Simply reminding customers that they left items in their cart can help recapture lost revenue. Basic Message, bumped up: This bumped up basic message still reminds users that they left items in their cart and offers help, but it takes it a step further by reminding users the number of items in the cart, the value and the date they last touched the cart. www.whereoware.com 5
  • 6. Basic Message, bumped up 2: This message takes the basic message, reminding users that they left items in their cart a step further by including an image of the of item left in the cart along with details about the product. * not a Whereoware client Expiring Cart: Here the messaging is applying a sense of urgency by stating the “shopping bag will expire in a few days.” * not a Whereoware client www.whereoware.com 6
  • 7. First time abandoned Discount/Offer Message: Using business rules, we avoid training customers to abandon their cart. Customers only receive the discount the first time the abandon. Second time abandoned www.whereoware.com 7
  • 8. Appendix Average Order Per Open Click Average Bounce Averages Value Conversion Visit Rate Rate Time on Site Rate Spent Rate Value Abandoned Cart 58% 54% 9 minutes 10% $504 9% $41 Mailing Normal Mailing 35*% 28% 6.5 minutes 26% $387 1% $12 Difference 41% 48% 28% -151% 23% 69% 71% *Wheroware normal open rates are higher than industry average due to specific techniques we use. www.whereoware.com 8
  • 9. About Whereoware Whereoware is an online strategy, design, development and marketing company. We recognize each client's needs and objectives as unique. We dive deep into each client's business through consultative assessments and analytical benchmarking. We then craft an individual solution for each client. Our solutions are Smart because they solve each client’s business problems. Contact us today 505 Huntmar Park Drive Phone: (877) 521-7448 Jay Beutler Suite 200 Fax: (703) 889-1218 Senior sales consultant Herndon, VA 20170 Email: sales@whereoware.com Phone: 701-205-1463 Email: jbeutler@whereoware.com www.whereoware.com 9