Re: Abandoned SHopping Cats
It's more complex than that, but yes in it's simplest form, when someone leaves your site it makes them some sort of special offer, either a discount or free shipping or what not.
What makes it unique is the special offers are calculated on the fly based on buyer behavior on your site and they provide very detailed analytics to show total abandoned carts, how many got an offer (you set those parameters) and what the recapture rate is. In addition they notice that it also seems to increase sales by a group who come back within the hour and buy at full price.
They seem to be increasing bottom line profit between 20 - 50% on the stores they're running on.
It's more complex than that, but yes in it's simplest form, when someone leaves your site it makes them some sort of special offer, either a discount or free shipping or what not.
What makes it unique is the special offers are calculated on the fly based on buyer behavior on your site and they provide very detailed analytics to show total abandoned carts, how many got an offer (you set those parameters) and what the recapture rate is. In addition they notice that it also seems to increase sales by a group who come back within the hour and buy at full price.
They seem to be increasing bottom line profit between 20 - 50% on the stores they're running on.
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