rick kenney: removing friction from commerce
TRANSCRIPT
How removing friction has accelerated the rise of digital commerce
Removing Friction from Commerce
Over 200 Million Shoppers are telling us…
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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 Demandware 3
Orders
Visits
Orders
Shopper
Orders
Visits
Conversion Rate is Yesterday’s Metric
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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
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Phones Fuel Commerce Growth
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Device Contribution on Growth Metrics
9.4 MINS
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
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The ‘Next’ Big Thing: The Shopping Cart
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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
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Marketing: the next friction-free frontier
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Visit our Resource Center for More Reports
www.Demandware.com/Shopping-Index
www.Demandware.com/Resource-Center
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