On average, 70% of online shoppers abandon their carts before completing a purchase. For e-commerce businesses, this means significant lost revenue every month. Miva's Abandoned Cart Calculator helps pinpoint problem areas so you can take immediate action to recover lost revenue.
Miva's abandoned cart recovery calculator is the ultimate e-commerce abandoned cart tool to help businesses analyze and recover lost sales. Here's how to use it:
Lowering cart abandonment requires streamlining checkout and keeping customers engaged. Use these tips to improve your cart abandonment rate and increase conversions.
An abandoned cart calculator measures how many shoppers add items to their cart but don't complete a purchase. It helps businesses estimate lost revenue and identify areas for improvement.
Wondering how to calculate abandoned carts in e-commerce? Use this formula to analyze lost revenue and take action:
Divide COMPLETED PURCHASES by SHOPPING CARTS CREATED, subtract that from 1, and then multiply by 100.
For example, if you had 200 purchases and 850 carts created, the rate would be 76.47%.
Miva's tool is the best abandoned cart calculator for online stores looking to recover lost revenue and optimize checkout.
Tracking helps businesses identify checkout issues, hidden costs, or technical barriers preventing conversions. Addressing these issues is essential for conversion rate optimization, increasing completed purchases, and improving customer experience.
Cart abandonment occurs when a customer adds items to their shopping cart but does not complete the purchase. This can happen for a variety of reasons:
It provides real-time insights into lost revenue, highlights problem areas, and guides businesses toward optimizing their checkout process for better conversion rates.
Reducing cart abandonment is a key part of conversion rate optimization, helping businesses increase completed purchases and boost revenue.