How removing friction has accelerated the rise of digital commerce
Removing Friction from Commerce
Over 200 Million Shoppers are telling us…
2
Three key Shopper-Focused Trends
1. Conversion Rate is an antiquated metric.
2. Mobile is the force of commerce growth.
3. The Shopping Cart: the next big thing.
Why is conversion rate antiquated?
© 2015 Demandware3
Orders
Visits
Orders
Shopper
Orders
Visits
Conversion Rate is Yesterday’s Metric
4
8%VISITS PER SHOPPER
11%BASKETS PER SHOPPER
2%CONVERSION RATE
6%ORDERS PER SHOPPER
The analysis reflects a comparison of digital commerce sites transacting in Q2 2015 and Q2 2014, and reflects activity of registered users.
WHAT REALLY MATTERS:
Visits per shopper are up (thanks device-hoppers)…
…so are orders per shopper.
Beware of the antiquated metric ‘conversion rate!’
Mobile Phones quickly taking share
5
Phones Fuel Commerce Growth
6
Device Contribution on Growth Metrics
9.4MINS
AVG TIME PER VISIT, Q2 2015 AVG TIME PER PHONE VISIT, Q2 2015
8.5
MINS
28%
37%
The analysis reflects a comparison of digital commerce sites transacting in Q4 2014 and Q4 2013, and reflects activity of all shoppers.
WHAT REALLY MATTERS:
Shopping is part of the digital routine: Spontaneous and interrupted.
How can you inspire and guide shoppers before time runs out?
7
The analysis reflects a comparison of digital commerce sites transacting in Q2 2015 and Q2 2014, and reflects activity of all shoppers.
Duration Declines Dramatically
7
The ‘Next’ Big Thing: The Shopping Cart
8
On Phones: Add to cart
rate up 15%
Increase in carts created
on phones: 99%
Increase in Carts created: 27%
Add to Cart Rate
up 5%, globally
Rise in Carts per shopper: 11%
Removing friction leads to commerce success
9
Marketing: the next friction-free frontier
10
Visit our Resource Center for More Reports
www.Demandware.com/Shopping-Index
www.Demandware.com/Resource-Center
11

Rick Kenney: Removing Friction from Commerce

  • 1.
    How removing frictionhas accelerated the rise of digital commerce Removing Friction from Commerce
  • 2.
    Over 200 MillionShoppers are telling us… 2 Three key Shopper-Focused Trends 1. Conversion Rate is an antiquated metric. 2. Mobile is the force of commerce growth. 3. The Shopping Cart: the next big thing.
  • 3.
    Why is conversionrate antiquated? © 2015 Demandware3 Orders Visits Orders Shopper Orders Visits
  • 4.
    Conversion Rate isYesterday’s Metric 4 8%VISITS PER SHOPPER 11%BASKETS PER SHOPPER 2%CONVERSION RATE 6%ORDERS PER SHOPPER The analysis reflects a comparison of digital commerce sites transacting in Q2 2015 and Q2 2014, and reflects activity of registered users. WHAT REALLY MATTERS: Visits per shopper are up (thanks device-hoppers)… …so are orders per shopper. Beware of the antiquated metric ‘conversion rate!’
  • 5.
    Mobile Phones quicklytaking share 5
  • 6.
    Phones Fuel CommerceGrowth 6 Device Contribution on Growth Metrics
  • 7.
    9.4MINS AVG TIME PERVISIT, Q2 2015 AVG TIME PER PHONE VISIT, Q2 2015 8.5 MINS 28% 37% The analysis reflects a comparison of digital commerce sites transacting in Q4 2014 and Q4 2013, and reflects activity of all shoppers. WHAT REALLY MATTERS: Shopping is part of the digital routine: Spontaneous and interrupted. How can you inspire and guide shoppers before time runs out? 7 The analysis reflects a comparison of digital commerce sites transacting in Q2 2015 and Q2 2014, and reflects activity of all shoppers. Duration Declines Dramatically 7
  • 8.
    The ‘Next’ BigThing: The Shopping Cart 8 On Phones: Add to cart rate up 15% Increase in carts created on phones: 99% Increase in Carts created: 27% Add to Cart Rate up 5%, globally Rise in Carts per shopper: 11%
  • 9.
    Removing friction leadsto commerce success 9
  • 10.
    Marketing: the nextfriction-free frontier 10
  • 11.
    Visit our ResourceCenter for More Reports www.Demandware.com/Shopping-Index www.Demandware.com/Resource-Center 11