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Ecommerce continues to grow, and consumers are spending more money online as well as upping the frequency. Led by growth in China, the United States, and the United Kingdom, new opportunities abound for businesses who can meet the needs of the increasingly mobile, increasingly informed, and increasingly demanding ecommerce shopper.
Defined as the “Flex Shopper” by a recent UPS and ComScore study, this person is defined as ruthlessly efficient at learning about and making his or her purchase, finding a way to get from desire to purchase with the fewest possible hurdles. Knowing this, the modern flex shopper is one who:
While this type of shopper is most prolific in technologically adept Asian countries, retailers across the world need to find ways to appease the flex shopper, creating a unified experience from phone to tablet to computer to store.
The UPS/ComScore whitepaper paints a picture of the flex shopper’s preferences, noting three ways that brands can provide better service using the acronym ACT.
To meet the needs of Flex Shoppers, the study shared a wide variety of needs throughout the process, from searching for information to purchase, as well as how retailers can improve the return process:
The Beginning of the Customer Journey
While mobile is seeing increased adoption, the majority of consumers begin research online using a desktop or laptop.
Noting this, many consumers begin their process by going either directly to a website (Amazon, store site), opting for this as opposed to that of a search engine.
The in-store aspect does become more popular for multi-channel consumers when it comes to purchasing an item:
Retailer Takeaway: Make smartphone purchasing easier for the consumer.
Driven by convenience, consumers are taking a wide variety of approaches in their path to purchase, as displayed in the graph below.
Retailer Takeaway: Ship to Store Still a Good Path: In this, shipping to store remains a popular option for consumers, despite the low numbers listed above. Consumers in the U.S. and Europe have done this the most (54% and 47%, respectively), while only 32% of Asia consumers have shipped to store at some point. For retailers, getting the customer in store provides the opportunity to sell additional items to the customer throughout the process.
While consumers are generally satisfied with the online experience (outside of Asia), each location studied has different preferences with different aspects of checkout and purchase.
Merchant Takeaway: A Path to Free Shipping: Globally, three in four consumers rate free shipping as important. The majority of all consumers will take an action to qualify for free shipping, usually adding an additional item to reach a minimum threshold or choosing the slowest delivery time. For merchants, adding an incremental spend needed to meet free shipping threshold is a best practice.
Globally, 55% of consumers say that free shipping on returns, which is the top rated factor in each region, creates a positive returns experience.
Merchant Takeaway: Easy, Free Returns: Consumers everywhere want hassle-free return options and the ability to contact customer service for purchases made online. They also want free returns, including free shipping and no restocking fees:
The best way to keep customers coming back it to keep them satisfied from search to purchase, as well as during the return process. We welcome you to download the entire report, “The Pulse of the Global Online Shopper,” from UPS, featuring full country reports and takeaways for readers.
Stay up to date with all the latest in Ecommerce news by following @WEXincNews on Twitter, and reading the following resources:
Subscribe to our Inside WEX blog and follow us on social media for the insider view on everything WEX, from payments innovation to what it means to be a WEXer.
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