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April 15, 2008 Required Registration Lowers Online Conversion Ratesby Megan Burns with Kerry Bodine, Olga Melnikova, Steven Geller |
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To understand the impact of required registration on conversion rates, Forrester asked US online shoppers what they did last time they were required to register before making a purchase online. The survey revealed that almost one-quarter leave the site without registering or purchasing, taking millions of dollars in potential revenue with them. What can companies do to encourage registration? Make it optional, and clearly explain the benefits customers will get if they do sign up. The right incentives can also be helpful — online shoppers are most likely to hand over personal data in exchange for discounts.
This is an excerpt
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eBusiness/eCommerce, Business-To-Consumer eCommerce, eBusiness/eCommerce Strategy, Customer Experience, Channel Design Strategies
Consumer Technology, Consumer Portals & Search, Retail, Consumer Retail & CPG
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