{"id":2467,"date":"2023-01-26T01:53:07","date_gmt":"2023-01-26T01:53:07","guid":{"rendered":"https:\/\/breadstack.com\/?p=2467"},"modified":"2024-03-04T00:43:07","modified_gmt":"2024-03-04T00:43:07","slug":"shopping-cart-abandonment","status":"publish","type":"post","link":"https:\/\/breadstack.com\/insights\/e-commerce\/shopping-cart-abandonment\/","title":{"rendered":"Here’s How to Reduce Shopping Cart Abandonment"},"content":{"rendered":"\t\t
Whether you own an ecommerce store or shop at one yourself, chances are you’ve come face to face with shopping cart abandonment once or twice before.<\/span><\/p> For many online retailers shopping cart abandonment is one of the main causes of missed sales<\/strong>. <\/span><\/p> Find out everything you need to know about shopping cart abandonment in this article.\u00a0<\/span><\/p> Shopping cart abandonment is the rate at which your customers abandon their online shopping carts before converting and completing a purchase<\/strong>.<\/span><\/p> Business owners can determine their abandonment statistics by breaking down the total amount of completed purchases they\u2019ve processed in a given block of time and then dividing that number by the total amount of created carts.<\/span><\/p> Subtract that number by one, and you\u2019ll have the calculated cart abandonment percentage for your site.<\/span><\/p> Here\u2019s a quick example:<\/span><\/p> Let\u2019s say that an online store has about 500 created carts in a month but only 200 purchases are completed. In this example, a bit of napkin math (1-[200\/500]) says that the average shopping cart abandonment rate is 60%.<\/span><\/p> While this sounds high, it\u2019s a little bit lower than the industry average. According to the<\/span> Baymard Institute<\/span><\/a> states that business owners can expect their average cart abandonment rate to hit 69%<\/strong> (or a little higher).<\/span><\/p> At first blush, that number looks sky-high. Seven out of ten carts being abandoned before a sale process is tough to swallow.<\/span><\/p> Thankfully, though, your own abandonment rates will likely be lower than this online ecommerce average that averages all types of digital businesses together.<\/span><\/p> At the same time, even losing 50% of your sales to abandonment is a big problem.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\tWhat is shopping cart abandonment?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t