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Striking Pricing Facts That Every E-Commerce Retailer Should Know

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For online retailers it’s no surprise that pricing matters. There are also some striking findings from eCommerce markets worldwide, which strongly proves this fact. In this deck, you can find important pricing stats that will help you to have better understanding about the importance of pricing in
e-commerce.

Published in: Retail
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Striking Pricing Facts That Every E-Commerce Retailer Should Know

  1. 1. Striking Pricing Facts That Every E-Commerce Retailer Should Know
  2. 2. For online retailers it’s no surprise that pricing matters. There are also some striking findings from eCommerce markets worldwide, which strongly proves this fact. Therefore, eCommerce companies of all sizes from all around the world should better gear up with their pricing operations and approach it as a group effort, instead of just leaving it to the hands of a single department or a single employee within the company. In this deck, you can find important pricing stats that will help you to have better understanding about the importance of pricing in e-commerce. 
  3. 3. % 2 0 of e-commerce traffic for all sorts of product categories come from price comparison engines.
  4. 4. % 7 1 of shoppers believe they’ll get a better deal online than in stores.
  5. 5. % 5 4 of shoppers will purchase products left in shopping carts, if those products are offered at a lower price.
  6. 6. % 6 2  online female shoppers pay attention to discounts. % 5 7 online male shoppers pay attention to discounts. In US,
  7. 7. % 7 3 of online stores stated price changes are the major factor of competitive pressure.
  8. 8. 3 an online shopper will visit at least 3 websites before making their purchase.
  9. 9. % 4 6 Shoppers appreciate stores that recreate the product comparisons. 
  10. 10. % 4 1 to look for coupons. % 2 3 to participate in promotions.
  11. 11. 5 In a common scenario, a product can be found in at least 5 different online retailers.
  12. 12. % 6 2 v s % 5 4 The marketplace shoppers is more likely than the average shopper to enjoy taking their time to find the right deal.
  13. 13. % 9 0 online shoppers invest time online to hunt the best deals.
  14. 14. 50 Deals in 5 Min The number of a price comparison search engine can produce .
  15. 15. 10 Min. Amazon changes its prices every 10 minutes on average.
  16. 16. % 60 of all online shoppers has named pricing as the most important factor affecting their purchasing decision.
  17. 17. % 67 of US online shoppers say that they will buy products from different e-commerce websites to get the lowest prices.
  18. 18. % 47 of buyers only choose discounted products.
  19. 19. 8 of 10 Latin American consumers hunt for the best online deals before buying.
  20. 20. % 86  When buying something for the first time, more than eight-in-ten say it is important to be able to compare prices from different sellers. 
  21. 21. Extremely Influential 3 Factors for American Shoppers %87 Price %80   Shipping Cost %71 Discount
  22. 22. Online female shoppers invest more time to find the best deals compared to males. %60 %46  vs.
  23. 23. If you want to track your competitor prices automatically,   VISIT                             AND,    TRY                    FREE FOR 14 DAYS NOW! PRISYNC.COM PRISYNC T H A N K S F O R Y O U R A T T E N T I O N : )
  24. 24. Sources - www.strategyand.pwc.com/media/file/Strategyand_E-Commerce-and-Consumer-Goods.pdf - https://blog.prisync.com/ecommerce-pricing-strategies/ - https://newsroom.accenture.com/news/us-consumers-likely-to-increase-holiday-spending-go- extra-mile-for-a-good-deal-accenture-survey-reveals.htm -http://www.brainsins.com/en/blog/boosting-your-ecommerce-conversions-infographic/4027 -https://conversio.com/blog/75-ecommerce-facts-quotes-statistics-that-will-blow-your-mind/ -https://www.bigcommerce.com/blog/ecommerce-trends/ -http://www.nua.ie/surveys/ecommerce-statistics/ -https://blog.kissmetrics.com/5-ecommerce-stats/

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