Showing posts with label e-commerce. Show all posts
Showing posts with label e-commerce. Show all posts

Monday, September 7, 2009

Typical Reasons that Online Shoppers Abandon Carts

Typical Reasons that Online Shoppers Abandon Carts

by Steven Snell

E-commerce website owners typically have an opportunity to drastically increase the amount of money that they are making through the website by focusing on reduced abandoned carts. Many online shoppers will place an item in their shopping cart and then leave the site before purchasing. If they wanted the item to start with something must have discouraged them from the purchase. But what was it?

Abandoned carts are very common because it's easy to shop online, and buyers often have second thoughts and decide to not make the purchase after all. In this article we'll look at some ways that you can reduce the likelihood of shoppers to change their mind after adding an item to the cart.

1. Fine print or hidden details

Unpleasant surprises are a leading contributor to abandoned carts. When the visitor puts an item into the cart they may not be aware of hidden fees or other details that they find out about during the checkout process. You can minimize the impact of this by including the relevant information up front to avoid surprises.

2. Taxes and/or Shipping

As a seller, there is not much you can do about taxes, but shipping charges often will discourage purchasers. Of course you will have to cover the costs of shipping, but buyers should know what to expect before they get to the final step of checkout. Many online shops offer free shipping for purchases over a specific dollar amount, which can encourage add-on purchases.

3. Time

If there are too many steps in the checkout process or too much information is required, the buyer may choose to leave simply because it is taking too long. Cutting down the number of steps and streamlining the process can make a really big difference in the experience for the user, and ultimately in sales.

4. They choose to check some other sites first

Many online shoppers will place an item in their cart, then decide that they should probably do some comparative shopping before making a purchase. The internet makes this very easy, so there is only so much you can do. First, you could offer a low price or price match guarantee. Second, by making the process quick you can give them less time for second thoughts.

5. Not all the products they want are available

Sometimes a person who is making an online purchase will want to buy a few things at one time to save some money on shipping rather than buying several items one at a time. If your e-commerce site does not offer all of the items that they want to buy, or if something is out of stock, they may decide to move on to another online shop where they can get everything they want.

6. Buyer's remorse, second thoughts

One of the most common causes of abandoned carts is just the buyer having second thoughts about the purchase. This is especially common with high-priced items.

7. Confusion

It's not uncommon for a shopper to abandon their cart because they are not sure what to do or because they do not feel comfortable with the process. This used to be more common than it is now as a high percentage of people shop online, but you will still want to make the checkout process as simple as possible so there is no reason to be confused.

8. Lack of payment options

One of the decisions you will have to make when running an e-commerce website is what types of payments you would like to accept. If you are not offering many options you may find that people are abandoning their shopping carts because their preferred method of payment, such as the type of credit card they use, is not accepted. - 20490

Steven Snell is an (http://cartfrenzy.com) ecommerce developer. In addition to his work for clients, he also runs a gallery that (http://cartfrenzy.com) provides e-commerce design inspiration.

Saturday, April 25, 2009

Secrets to Gaining a Competitive Advantage on eBay using Government Auctions

Secrets to Gaining a Competitive Advantage on eBay using Government Auctions

by Leslie Jones

Auctioning off items on eBay is one of the earliest and conceivably most effective ways to sell goods and establish a rewarding online home based business. Profiting this way use to be straight forward, however, over the years eBay has become over populated with sellers, making it difficult to track down items that are unique and inexpensive enough so that you can make some good profits. When you use an online supplier, you have a disadvantage compared to other eBayer's, because many receive volume discounted pricing on goods that you would have to compete against.

Let me suggest a method that would allow you to make more money then veteran eBayers. The government collects millions of items through many different sources such as bankruptcies, unpaid taxes, repossessed items, unclaimed items or government surplus that they simply want to quickly get rid of. You can buy these items either online from government web sites or from live government auctions held locally across the US and Canada. Since these items don't bare a cost to the government, they aren't concerned about selling at high markups like a wholesaler is, so your product costs remain lower then your competitors.

By buying items that are sold at government auctions you are buying goods that are not only unique but are deeply discounted as well. These auctions have a wide range of items that are great for selling on eBay including items such as jewelry, electronics, office equipment, etc. Often the items are offerered in lots or larger quantities which allows for a quicker eBay set-up for the items. For example, the latest live government auction I attended an individual bought 11 ATM machines for $45 each which they sold for $467 each and another person bought 43 digital cameras for $600 that they later sold on eBay for 7 times that amount.

Now if you haven't sold anything on eBay I would suggest visiting there and spending 15 minutes creating a free eBay account (see link below) and entering a fictitious sale item (simply follow eBay's prompts). You can go through the steps without finalizing and actually putting the item up for sale. This will aid you to know how to sell items on eBay and show you how easy it is.

Then go to the Government Auction Review Site below and do some due diligence on which government auction site(s) are the best sites to discover government auctions and products for sale at each auction (live and online). Once you distinguish the government auction site that will offer access to virtually unlimited items for you to resale, then join that site.

All you have to do now is discover government auction sale items online and/or visit a local live government auction. Then buy items amongst the countless great deals and list them on eBay for a handsome profit. eBay's world wide audience now has access to view and purchase all of your products.

Congratulations, you have just started what will prove to be a very profitable work-from-home career. - 20490

To instantly set up a free eBay membership go to (http://registermembership.info) Register eBay membership and to read reviews and ratings on the top government surplus auction sites check out (http://www.governmentauctionsitereviews.com/Seized_Property_Government_Surplus_Abandoned_Property.html) Government Surplus