We have all heard that E-commerce is on the rise, but do you know what makes people buy things online? Trying to increase E-sales without knowing the reason behind the increase is like walking while blindfolded. When you don’t know where you are going, it is extremely hard to reach your destination.
In this article, we have compiled the key findings and takeaways from 6 credible research reports on the motivation behind online shopping behavior. Which reason seems more relevant for your business? Take a look at the study findings listed below and incorporate the suggested implications to make smarter marketing decisions.
Here they are:
The Nielson Norman Group conducted extensive research on online consumer purchase behavior. They surveyed more than 2500 online shoppers to determine the reason people shop online. The study found that many factors motivate online shopping, including lower prices, the ability to shop from international sites; the most cited reason was the ease of purchasing things online.
If you run an online business, you can benefit from increasing the ease of shopping online. You can do so by enhancing the layout of your website so that the consumer can navigate it easily. Websites that have clear tabs and shopping options observe higher conversions than difficult to use interfaces.
You must also ensure that the website facilitates several payment and verification methods. Offering quick delivery is also a great way to increase convenience. Smartphone applications are more popular than websites because they are more convenient for the user. Therefore, develop an app of your online retail store for higher sales.
In 2017, KPMG undertook a huge consumer research project to understand consumer motivation and attitude towards online shopping. The study wanted to understand the increasing E-commerce trend so that retailers can incorporate elements which consumer value to enhance sales and satisfy consumers. The study found multiple reasons that motivate consumers to purchase online, including the ability to shop 24/7, save time, and to locate hard to find items. However, the most commonly reported reason was the ability to compare prices and get better deals.
This study confirms that affordability is a major reason why people shop online. Therefore, online retailers will benefit significantly if they offered competitive prices as compared to offline shops. You can also offer sales, flash sales, discounts, and wholesale prices to increase sales.
A picture is worth a thousand words is a popular saying, and it holds in the 21st century as well. It’s a well-known fact that more than 80% of our purchase decisions are motivated by subconscious cues, and apparently, images are one of them. A report published by MDG Advertising found that human beings are naturally attuned to visuals. Humans are more likely to notice images than words, and that is why online images encourage consumers to buy products.
The lesson here is that E-retailers should not skimp on visuals. Consumers are more likely to purchase online products because of the images attached to the product. When a consumer sees the image of a product they like; it’s more probable that they will end up purchasing it.
Episerver published a report on online consumer shopping habits in 2020 after surveying 4000 global online shoppers. Their research revealed that consumers are inclined to purchase online because they can find a wide variety of products without having to visit different retailers.
Online retailers should ensure that they have a large selection of products they are selling. However, do make sure that the products you include align with your brand and your target audience. Including products that don’t appeal to your target audience will not sell. What is more, your digital marketing strategy should include personalization to enhance conversions.
A peer-reviewed research study published by the University of Sussex looked into the compulsive online buying trends among millions. The study was very insightful; it found that millennials prefer to buy online because they have higher access to online facilities, including the internet, computer systems, and smartphones.
Young consumers buy online because their mobile phone is their shopping mall, as every product is just a few clicks away. Secondly, millennials are more comfortable using online technologies than the older generation; therefore, it seems natural for them to shop online as well.
People are shopping online, and they are using their smartphones to do so. Therefore, E-retailers should invest in responsive websites that are mobile compatible as well as mobile applications to boost their sales. Smartphones have become essential to the modern consumer, and so it’s no surprise that they are purchasing from their smartphone as well. Investing in mobile technology is an excellent choice to secure future sales.
A study published by The Psychologist argues that the material things consumers purchase are an extension of their personality. People purchase products that tell others who they are and who they belong with. Their material possessions represent their demographic, psychographic, and behavioral tendencies. The study said that the online world characterized by influencers had created brand communities like never before. Consumers want to purchase a product, not out of necessity, but to show their association with the brand. This fanboy culture is one of the top reasons for the increase in online purchases recently.
There are two practical implications for E-commerce vendors in this study; firstly, they should target consumers who are more likely to associate themselves with your brand. Secondly, encourage consumers to take ownership of your brand, so they begin to identify with it.