Fewer ClicksAs discussed earlier, speed is crucial to the checkout process. Grocery stores are known to monitor a cashier’s product scanning rate in order to improve the flow of customers checking out. By using a one page checkout, you reduce the number of steps needed for customers to complete their transaction.
Less PagesHaving a one page process narrows the entire process down to one page instead of multiple. When you have multiple pages or steps for customers to complete, you are increasing the likelihood of them getting frustrated and abandoning their carts. The standard Magento checkout process has six steps the user must complete in order to complete the transaction! On top of so many steps, users can’t view all of their information at once and have to manually click to proceed to the next step.
In IWD’s one page checkout, all entry fields are nicely displayed on one page where the user can see all of their entered information and how many steps are needed to complete the transaction.
Faster CheckoutLooking at the one step checkout vs. the default Magento checkout process, you can visually see that users are able to quickly and easily navigate the process. I timed the amount of time it took myself to fill in the required fields for both carts (including time to pull out my credit card); here are the results in minutes: Default Magento Checkout = 1:40 One Page Checkout = 0:53 The one page checkout nearly shaved an entire minute off of the checkout process!
ConclusionIf you are seriously looking at ways to optimize your website to gain more sales, then consider utilizing a one step checkout. If you are unsure if you are losing money from users abandoning their shopping cart, follow these simple steps to monitoring this in Google Analytics:
- Sign-in to your account and go to the Admin section
- Select Goals under View (Profile)
- Click the Create A Goal button
- For tracking shopping cart abandonment, select Destination URL
- Enable the Funnel Option and specify the steps a user takes to purchase an item
- Step 1 = views the cart (/shoppingcart)
- Step 2 = proceeds to checkout (/onepagecheckout)
- Save your goal
You can view this report under Conversions -> Goals -> Funnel Visualization