For every winery raking in online sales, there's an untapped revenue stream being overlooked - abandoned cart recovery. And it could be costing you over $50,000 per year in missed income.
The stats may surprise you, but the latest research by the Baymard Institute states that nearly 70% of ecommerce carts get abandoned. For wineries driving solid ecommerce traffic, that abandoned revenue can add up quickly. The Good News? With the right cart recovery software and strategies in place, it's possible to automatically recapture up to 15% of those lost sales.
We found that the average vinSUITE customer using CartStack's abandonment recovery tools is recovering over $50,000 per year. That equals over $4,000 in additional monthly revenue!
In our recent webinar with the cart recovery experts at CartStack, we uncovered the reasons why online wine orders get abandoned and the proven tactics to rescue that missed revenue without lifting a finger:
- Leveraging smart automated email campaigns to re-engage lost customers
- Deploying tailored incentives/discounts to maximize conversions
- Capturing real-time browse and cart activity data to personalize outreach