Wonder

Research Outline

Prepared for Katiee M. | Delivered October 16, 2019

Conversion of "Recently Viewed" or "Other Products" on e-Commerce Websites

Goals

How sections like "recently viewed", "other products we recommend" or "other products you may like" convert on e-commerce websites.

Early Findings

Personalized product recommendations have been shown to increase average order value substantially.
Customers who interact with even one recommended product increase conversion rates by 288%. It also decreases shopping cart abandonment by 4.35%.
It is recommended to place personalized recommendations above the fold for maximum impact. The highest performing version of product recommendations was the "what customers ultimately buy" widget.
One study found 35% of all Amazon products were directly related to product recommendations. The company is known for devoting upwards of 70% of the page space to personalized recommendations.
Broadly, product recommendations are predicted to increase cart size by 50% and conversion rates by 150%.
 Personalized recommendations, as opposed to generic recommendations, had a higher conversion rate by 1.7x.
Shoppers are more likely to use a company that makes personalized recommendations as part of the shopping process.
A Salesforce study actually broke down product recommendation conversion rate increase by device. Desktops and smartphones had the highest conversion rates at 4.3x higher, smartphones had 26% higher add-to-cart rates, smartphones saw product recommendations with a 26% revenue share and tablets' AOV was 15.2% higher.

Prepared By

Megan B.

3936 assignments | 5.0