The top 2016 e commerce statistics will surprise business owners about how consumers interact in regard to online shopping, as well as purchases…
The most fascinating 2016 e commerce statistics provide some very helpful information to business owners. These include SMS remarketing, click-through rates, cart abandonment, devices used for add-to-cart, and sales by hour.
2016 E Commerce Statistics Reveal Insightful Consumer Behaviors
These 2016 e commerce figures come from SaleCycle, an email and on-site remarketing company. And, they are eye-opening, making them important for brands to know.
- 98 percent of all SMS messages are opened
- 90 percent of all SMS messages are read in three minutes’
- SMS CTR is 36 percent, while email CTR is just 3.2 percent
- Most cart abandonments occur on Tuesday
- The fewest cart abandonments are on Saturday
- Add-to-cart rates are highest on desktops and tablets, 10.4 percent and 10.3 percent, respectively
- Add-to-cart rates overall were 2.5 percent in Q3 of 2016
Consumers abandon online carts for several reasons. Unexpected shipping chargers are the reason why 28 percent of the time. A requirement to create an account causes 23 percent of cart abandonments. Conducting research claims just 16 percent, while payment security concerns is 13 percent. Confusing checkout causes 12 percent of cart abandonments and not being able to find a coupon code accounts for 8 percent.
When broken down by industry, cart abandonment changes from sector to sector. Travel experiences 80.4 percent, financial services 79.3 percent, retail 73.9 percent, internet gaming 70.1 percent, and fashion is 68.3 percent. Sales by hour demonstrate the hours between 8 a.m. and 10 a.m. are the highest on Black Friday and Cyber Monday.
In December, Bing announced it’s building a bot to help manage campaigns. While in November, Google shopping ads carousels appeared on YouTube. Also in November, SEM ads accounted for 50 percent of digital revenue.
Thanks for taking a few moments of your time to read this; if you like this information, please share it with your friends!