How can you increase your conversions, how fast can you deliver a product, and for what cost?
Through our research, we learned that if you want to boost conversions, you need to:
- Offer fast shipping options. Fast shipping is the name of the game. Consumers want to be able to order something and get it quickly. 45% of consumers expect items to be delivered in 2 days or less, which 54% of shoppers define as fast shipping.
- Offer free shipping. Whether you set an order limit or increase delivery time, offering at least one free shipping option can help sway customers your way.
These two numbers have a giant impact on your eCommerce business conversion rates. If you don’t optimize for shipping, you’re losing out on sales and putting yourself at risk of cart abandonment.
Why shipping is vital for eCommerce success
Fear, one of the three driving forces of human behavior, plays a big role in what we buy and how we buy it. While browsing your eCommerce store, fear bustles around the customer’s mind creating doubts and reasons that avert conversion. What if it doesn’t arrive on time? What if it’s broken?
As sellers, it’s our job to show customers all the reasons they should buy. Offering fast, reliable, and free (or at least affordable) shipping ensures the product will reach them on time and intact.
6 Fast eCommerce shipping programs to get on to raise conversions
Most marketplaces today have a fast shipping tag used to attract customers and raise conversion rates. We compared 6 of the major eCommerce shipping programs, the impact they have, and how you can use them to your benefit applying them in your business strategies.
Walmart offers 2-day shipping on orders over $35 and free 3-5 day shipping on other qualified items. Unlike Amazon, Walmart shoppers don’t need a membership to make the most of this discount. Both these deals are great from the customer’s perspective, but how does it affect sellers and their conversion rates?
As with eBay, customers can sort items based on shipping. Offering free shipping makes it easier to win the Walmart buy box and get your products in front of potential buyers. Walmart is agressively promoting 2 day shipping, so as a seller, you lose sales if you can’t offer fast shipping.
Deliverr integrates directly with Walmart Free 2-Day Shipping. Activate your fast shipping tags today.
Walmart sellers should begin experimenting with fast and free shipping options. Track and measure the results and see which ones gives you the best conversions at the lowest cost to you.
Customers can search eBay based on guaranteed delivery time. If the customer doesn’t get their item within the timeframe, they get a full refund on shipping and a chance to return the item for free.
The program offers two options for sellers. If you ship items from a single location and agree to handle all orders in one day or less, eBay will set the delivery date for you based on the item’s destination and be responsible for any shortfall. However, if you ship from multiple locations, you’ll be expected to set a realistic delivery date for your customers and estimate how long shipping will take.
eGD decreases risk for the customer; they can now buy with confidence, knowing exactly when something will reach them. While sellers do need to meet specific requirements, joining is simple and profitable. Offering guaranteed delivery will help you show up in more searches and the increased visibility will likely raise conversion rates.
Sellers who want to use the service can use Fulfillment by Amazon (FBA.) You send your items to one of the Amazon warehouses, and they take care of the packing, shipping and customer service.
By using FBA and being Prime eligible, you get access to a consumer base that’s 5½ times more likely to hit that buy button and increase sales. Prime customers convert 74% of the time, compared to just 13% of non-prime shoppers. And this is just during normal shopping times.
By joining Prime, you also get access to Prime Day, a 32-hour period of special offers geared at Prime customers. On Prime day in 2017, conversions increased by 51% and customers purchased 23% more products than in the 6 week period leading up to Prime day. This conversion rate has been increasing year over year.
If you sell on the Amazon Marketplace, then getting on Amazon Prime for at least a portion of your products can help you tap into that market, gain access to more buy-ready customers, and raise conversions to increase profits.
Google Express is Google’s marketplace, currently only available in the USA. It’s attracted big names like Walmart and Target as well as local and online eCommerce businesses. With no monthly or annual fees and an easy to use mobile app and desktop site, buyers like it.
To sell on Google Express, you need to ask to fill a Google Express Interest Form. If you are accepted, your products will appear on Google Express, Google Assistant, and Google Search.
Most of the sellers on this platform offer free 2 day shipping on orders above $25 or $35 USD so smaller eCommerce sellers do need to match or beat them to rank on search and win the Buy Box.
Experiment with different shipping options and measure how customers respond. Because you are responsible for shipping and delivery, you need to make your own delivery times clear to your customers and set out expectations.
Wish connects Asian sellers with US and European buyers so the marketplace offers some pretty competitive prices. Because of geography, delivery times with Wish tend to be pretty long. Wish Express sets a delivery time frame. Sellers basically promise buyers they’ll deliver the product in X number of days, and the delivery windows vary from country to country.
Wish Express is useful for sellers because you can choose to offer it just on specific products. Plus, in a marketplace of long delivery times, it helps you stand out. Southeast Asia has only just started offering same-day shipping, and 5.6% of UK deliveries don’t arrive at their destination.
Unlike our other options, Shopify isn’t a marketplace, it is a multi-channel commerce platform in which sellers run their online stores. Shopify provides its merchants with a variety of built-in shipping options, including functionalities to print their own shipping labels via pre-negotiated rates with leading carriers and/or leveraging 3PLs depending on volume and needs of the merchant. Shopify businesses can offer free shipping, which is simple to set up in Shopify. In addition, Shopify provided a free-shipping guide that will take you through the process of getting set up.
The actual set up will depend on the way you run your store, but the standard options, costs, and providers apply. You can set up your shipping offer by setting a minimum order price, encouraging customers to buy more. Or you can set up weight-based shipping to help you provide a good deal and encourage buyers, while still charging more for very heavy items. You can access all your shipping options in your settings under “shipping.”
Shipping is the life-blood of eCommerce and it plays a crucial role in attracting new customers and retaining existing ones. Be sure to get it right, because your competitors will be doing everything they can to get ahead.
To sum it all up;
- You must offer fast and free shipping to stay ahead of your competition.
- Reliable delivery assuages buyers’ fears, and helps to increase conversions.
- Aim for fast shipping tags on: Amazon Prime, eBay Guaranteed Delivery, Walmart 2-day, Google Express, Wish Express, and in your own eCommerce store.