For an e-commerce business, shopping cart abandonment is the most common and most inevitable scenario. A Baymard Institute study states that 68.63% of carts are abandoned every year. That means that only about 1 in every 4 customers actually finishes their purchase.
Despite this loss of sales, most e-commerce marketers are targeting these lost customers with nothing more than retargeting ads. There is a lack of proper marketing strategy to target these potential customers early in the buying process. The shoppers are simply retargeted later with Facebook ads alone.
Although retargeting is an effective way to recover the lost revenue, the most important tactic I’ve found for tackling shopping cart abandonment is to send cart recovery emails. Cart abandonment emails are not just highly conversion-centric, they are also personal, re-engaging shoppers with a human touch. These emails have a high open rate and click-through rate compared with promotional emails.
Also, email marketing has been shown to have a better ROI than social media marketing, SEO, and content marketing, which is why email marketing is a key part of the marketing strategy of every e-commerce business.
But, most of these online retailers do not have a properly crafted email strategy for cart recovery.
Here are the five best strategies for a successful cart recovery email program:
1. Segment and Conquer
But, when it comes to abandoned cart emails, most marketers believe that handing out discount coupons to every abandoner can solve their problem. Unfortunately, that’s not going to happen. Why? Because to recover these lost carts, you have to address the intent of the abandoners.
Now, the question is, how do you do that? Well, segmentation is the key to slicing and dicing your cart abandoners so that you can follow up with customized messages based on where they are in the customer lifecycle. The reason a first-time shopper might abandon their cart can be different from the reason a loyal customer might not complete their purchase.
By segmenting your abandoners into different categories like first-time abandoners, repeat abandoners, and existing customers who abandon, you can send more relevant messages.
Remember, cart recovery is a battle, and segmentation is the sword that can help you win the battle.
2. Craft a Unique Subject Line
When an email lands in your inbox, how do you decide whether to act on it or not? If you like the subject line, and if you trust the sender, you will open it; and if not, the chances are high that you won’t open it. In fact, 33% of email recipients open an email based on subject line alone.
Your emails are unique. Your subject lines should be, too.
When recipients read your subject lines, they should be reminded of what they left behind. A well-written subject line can go a long way toward piquing the interest of reluctant customers. So, don’t be lazy when crafting your subject lines for cart recovery emails. Depending on what is triggering (discussed in step 5) the email, you can include urgency, scarcity, or emotions like anxiety to influence hesitant shoppers.
Craft your subject lines to convey your call to action in a way that whets the appetite of your subscribers. But, being direct doesn’t mean you can’t be creative.
Here are a few subject lines that have caught my eye:
- Stock availability count less than 3
- Warning: Unattended items in your bag may be eaten by gnomes
- Had your eye on something? Enjoy free delivery at Liberty.co.uk
Also, make sure to optimize your subject lines for mobile as more than 50% of emails are opened on a mobile device these days. And, keep your subject lines short. It’s advisable to keep them under 30 characters as the average mobile screen has room for only 4-7 words max.
3. Don’t Be Fooled by Statistics
Timing is everything when it comes to recovering your lost carts. According to statistics, 90% of your leads go cold within an hour. But, before you automatically follow that statistic, consider the type of product (perishable or non-perishable), ticket size, etc., and then decide when you will send your email.
For example, if someone has abandoned a smartphone in their cart, they might need more time to finalize their purchase, but the same rule doesn’t apply when a shopper has left a shirt in their cart.
4. Be Sure Your Emails Are Responsive
You can create a great email that includes rich product images, compelling copy, a good offer, and a good CTA. However, if it’s not responsive across all devices, such as laptops, tablets, and smartphones, it’s not going to increase your conversions.
Being responsive is the key to making the customer experience seamless because people are checking their emails on different devices, mostly mobile. How optimized your emails are for these devices will play a significant role in determining whether or not people will complete their purchases.
5. Send a Series
While a single cart recovery email can boost your conversions, sending 1 or 2 follow-up emails can get the most out of your cart recovery campaigns.
We recommend a series of 3 emails be sent at pre-determined time intervals. The first email, triggered within an hour, could be a gentle nudge reminding customers they’ve left something in their cart.
If the first email does not persuade customers to complete the purchase, then a second email could be triggered with an aim to induce urgency. And, for those customers who still don’t convert, a third and final email could be triggered to persuade them with an incentive to complete their purchase.
Follow-up emails can also be triggered by inventory levels of the product in the cart. For example, if the number of units of the product in inventory drops to a certain number, that could trigger an email.
Here is an example of a 3-email series cart recovery campaign:
Customize Your Cart Abandonment Emails Based on Customer Lifecycle
To aid your cart recovery efforts, you should customize your email messages according to the various stages of the customer lifecycle. For example, if a repeat customer abandons his shopping cart, instead of sending a friendly reminder, you should ask him if he faced any issues during checkout.
Also, for these customers, don’t fork out cash to incentivize the purchase lest you risk conditioning them for a discount on purchase every time. Ideally, you should test a number of customized approaches to get better results. And, don’t forget to test the ideal number of cart recovery messages for every stage.
About the Author: Reshu Rathi is Digital Marketing Manager at Betaout, a customer segmentation and marketing automation platform for e-commerce. Her job is to create content and marketing campaigns to help e-commerce marketers personalize their marketing and increase conversion. You can follow her on Twitter at @reshurathi, or check out Betaout.blog.