In a recent thread over at the High Rankings forum, a forum member shares that his shopping cart abandonment rate is 60%, with 50% of these exits leaving on the first step of the checkout process (view cart). After doing some informal consumer research (asking real people – both experienced and inexperienced web shoppers), “Ignoramus” discovered that some people use the shopping cart as a way to bookmark products for comparison.
High Rankings Administrator Jill Whalen commented:
“The reason I might put items in a cart but never continue is that I sort of just use it as a holding place while I’m still researching which store has the best price.
So if I’m comparing prices, I’ll visit some store, add the item to the cart, keep that window open and do the same at some other stores (usually if the price is lower).
Not sure if that’s common, but it is for me!”
If this is typical user behavior, adding a wishlist to your goodie bag of e-commerce functionality could reduce your abandoned shopping cart rate.
I quickly hopped over to a few of the top e-tailers of 2006 to give you some examples of who’s using wishlists:
|Abercrombie and Fitch|