Through our network intelligence and partnership with 1000+ Indian eCommerce brands, we’ve concluded that ideally, four types of shoppers shop on the Indian online market space.
- New Shoppers
- Repeat Shoppers
- Discount Seekers
- Hesitant Shoppers
Each of these shopper segments is equally vital for any eCommerce brand to survive and increase its gross merchandise value (GMV). But, how to build brand trust among all these segments, especially at checkout? Listed below are some tips to follow.
The New Shopper
New shoppers are always a delight for any eCommerce brand. They’re a great value add and bring along the potential of becoming repeat, loyal customers. To build trust among new shoppers, here are some tips and tricks that eCommerce brands must use at the
checkout stage.
1. Easy & Hassle-free Login Process
The very concern of every new shopper is how easy is the login process of a brand. According to
Baymard, nearly 70% of shing carts are abandoned at the login stage. This adds to failed conversion rate, rise in customer acquisition cost, and loss of customer trust.
Here, GoKwik, through its single-sign on token and login via Truecaller, enables new customers to login on any partner merchant website and app within seconds. Moreover, once done, the customer stays logged when the customer returns to the site in future.
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And, that’s not all, a shopper that logs in on any one of GoKwik’s partner merchant’s platforms, automatically login on all of them.
2. Crisp Address & Information Fill Process
Similar to login, a tedious and lengthy information filling process is another area that causes friction in a checkout funnel and must be solved. As many of 18% of website shoppers drop off at this stage because they’re asked to fill too many details by the seller.
GoKwik solves this problem and helps increase conversions by as much as 50%. Using its network intelligence, GoKwik automatically fetches a shoppers latest address and prefills it. Shoppers just need to verify it and select it to move to the
payment stage.
Meanwhile, if a shopper wants to add a new address, GoKwik makes that seamless as well by autofilling 40% of the details just with the help of pin code entered by the shopper. Users just need to enter the name and address, and it’s done.
Looking at a significant percentage drop off at this stage and criticality of this step, GoKwik ensures that
- Shoppers complete the process within seconds
- Brands get all the necessary data they need to process the order
3. Secure Payment Options
Another factor that makes or breaks it for new users is the number of payment options offered by a brand at the payments stage. As many as 11% of people drop off from checkout because there weren’t enough payment options available for them to choose from.
To solve this, GoKwik offers a comprehensive payment stack that envelops all the leading and most commonly preferred payment methods. These include,
- Credit/debit cards
- Net banking
- UPI
- Wallets
- Buy Now, Pay Later
- Cash on delivery
Besides these, GoKwik has also partnered with fintech firms like
CRED to further extend payment modes, for shoppers to select and complete the transaction.
The Repeat Shoppers
According to an article published by
business.com, returning customers spend ~67% more than new customers. That’s primarily because, they’ve not only shopped from your site before, but they trust your products and services to return time and again. Moreover, repeat shoppers are also more likely to advocate your brand in the market and get new customers. Hence, ensuring that this segment faces no issues at the checkout becomes utmost paramount.
Here are some ways how GoKwik helps build trust for repeat shoppers at the checkout stage.
1. One-Click Checkout
Since GoKwik helps repeat shoppers skip login and address information filling stages, eCommerce brands can offer a
one-click checkout option to their customers and increase the chances of order placements and conversions.
The quicker the checkout process, the better the shopping experience, and hence, higher the brand trust and consecutive repeat purchases.
2. Loyalty Programs
When shoppers turn into repeat purchasers and brand loyalists, they surely deserve some extra respect. Because,
- Shoppers engaged in band loyalty programs essentially spend 12-18% more every year
- Loyal shoppers make 90% more frequent purchases than new shoppers, and
- Shoppers who redeem reward points spend about 3.4x more than other customer
Keeping this in mind, Gokwik has seamlessly partnered with many leading Loyalty Point and Reward Point Apps enabling eCommerce brands to give their customers an opportunity to earn and burn rewards while maximising value on each purchase.
3. Saved Payment Information
Similar to login, repeat shoppers hate when they have to enter their payment information everytime they make a purchase. It’s a major turn off and must be taken care by eCommerce brands to maintain trust, especially at the checkout stage.
GoKwik enables eCommerce brands to offer their shoppers an option to save their card details for future purchases. Having partnered with
payment aggregators and payment gateway partners like EaseBuzz, BillDesk and PayU, GoKwik ensures utmost safely and securely of customer information.
The Discount Seekers
Building customer trust during the checkout and payment stage, especially when dealing with discount-seeking shoppers, is crucial for an eCommerce brand. These shoppers are often price-sensitive and need reassurance that they are getting the best deal possible. Here are some interventions you can implement to build trust with discount-seeking shoppers.
1. Discounts At Checkout
Indian shoppers are divided into two categories.
- Those that only purchase from brands that offer discounts
- Those that purchase from trusted brands irrespective of discounts
However, the percentage of people belonging to the first category is almost 80% more than its counterpart. According to many studies, about
93% of shoppers use discounts codes throughout the year. Another study shows that about
38% of shoppers buy more products when offered discounts than otherwise.
Considering these factors in mind, GoKwik enables eCommerce brands to offer 200+ types of discounts to its customers. Discounts help increase average order value, customer loyalty, boost sales, and uplift conversion rate.
Furthermore, to reduce shoppers from scouting throughout the website looking for discount coupons, GoKwik embeds the discount selection feature on its checkout window itself. Shoppers can easily scroll through the discounts, select one and complete the purchase within any friction.
2. Discounts At Payment Stage
Besides the basics, there’s another way that eCommerce brands can convert these discount-seeking shoppers into paying customers and hence, build brand trust. Offer discounts at the payment stage.
Through our extensive research, GoKwik has noticed that giving customers discounts at the payment stage has many benefits, building trust topping the list.
It helps,
- Increase prepaid order conversions
- Reduce the risk ofreturn to origins (RTOs) caused when shoppers place cash on delivery orders
- Increase business cash flow
Owing to this, GoKwik developed a flagship discounting feature - Prepaid Payment Discounts and helps eCommerce brands to offer additional, supplementary rebate to customers for making payment via a prepaid payment mode.
The Hesitant Shoppers
Essentially, every shopper is a hesitant shopper. However, there are some who exhibit more hesitation when placing online orders. Building trust in the minds of these shoppers is the toughest of all.
Besides all the above mentioned features, GoKwik has developed additional attributes to cater to these hesitant shoppers and convert them into brand-trusting customers.
1. Estimated Delivery Date
While marketplaces have this sorted, D2C eCommerce brands are still cracking the code of showing estimated delivery date to customers at the time of checkout.
Estimated delivery date is essentially a date when a shopper’s order will be delivered to their doorstep. It basically gives shoppers a more precise time frame in which their order will arrive. By offering this feature eCommerce brands can improve customer trust, reduce anxiety, and hence the resulting cancellations and RTOs.
Shoppers can easily view the estimated delivery date post selecting an address from the list of saved addresses or after adding a new address.
2. Partial COD
Considering that ~60% shoppers still like to place cash on delivery orders, especially due to lack of brand trust, features like partial cash on delivery or
partial COD.
Another GoKwik flagship feature, partial COD allows shoppers to pay a certain amount of the total cart value via a digital payment mode and rest in cash at the time of delivery. This feature has helped many of GoKwik’s partner merchants witness the following results.
- 15-20% uplift in conversion rate
- 20% increase in prepaid conversions
- ~55% reduction in cash on delivery-led RTOs