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30+ Ecommerce Metrics Benchmarks (December 2018) - Store Growers
30+ Ecommerce Metrics Benchmarks (December 2018) - Store Growers
This article bundles all of the different research and reports that I
ABOUT BLOG have collected over the years.
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Benchmarks (December So keep that in mind while you go through the list below. These
2018)
ecommerce metric benchmarks are meant to give you direction, not
a hard target.
Traffic sources
Device type
On-site engagement
I use a lot of ecommerce benchmarks in my client projects. For new Conversion rate
clients, these metrics offer a great way to put together a plan to set
Add-to-cart rate
goals and expectations. And with existing clients, benchmarks are
good way to see how we stack up against others.
Cart abandonment
Organic: 43%
Direct: 19%
Direct: 20%
Social: 2%
Email: 4%
Display: 0%
Social: 5%
Referral: 17%
Display: 1%
Other: 2%
Referral: 7%
Source: Wolfgang KPI Report (https://www.wolfgangdigital.com/kpi-
How do your traffic sources stack up? Does your list look different
Desktop: 56% (vs 61%)
than the ones sorted by visitors? This can be an indicator that the
effectiveness of your investments is off. You could be attracting a lot Tablet: 12% (vs 13%)
of organic traffic, but get no sales from it. This means that you’re
Source: Wolfgang KPI Report (https://www.wolfgangdigital.com/kpi-
missing critical links in addressing the buyer process.
2019/) (2018)
Many of my own clients outperform the list above when it comes to
Why should you care?
paid search. Both in terms of traffic and revenue. This might show
Segment your own revenue by device type to see what your
there are opportunities to invest in other channels.
breakdown looks like. The most common observation: attracting
Why should you care? will actually come from visitors that come back to your site. That’s
These numbers will vary widely depending on your industry and why it is so important to have a strategy that brings visitors back to
website. But a general rule is that more engagement with your site is your website.
better. If your numbers are totally off (such as a bounce rate of 88%),
try comparing buyers to non-buyers on your site. Ecommerce Average Order Value
Average order value (by traffic source)
Transaction path length
Direct: $134.87
For the visitors that have converted, how many sessions did it take
before they converted? Email: $100.80
Source: Wolfgang KPI Report Source: data from over 700M ecommerce sessions during Q2 2018
(https://www.wolfgangdigital.com/blog/ecommerce-kpi-
Why should you care?
benchmarks-2016/) (2017)
Your average order value (AOV) depends on the type of products you
Why should you care? sell. But solid businesses bring in solid revenue. And building an
Many store owners expect to make a sale the first time someone ecommerce empire on $150 orders is a lot easier than doing it on $10
visits their site. These benchmarks show that most of your revenue orders. If your order value is too, low, you might need new products
or cross/upsell more effectively.
What's A Good Ecommerce Conversion Rate? Add-to-Cart Rates (by device type)
Desktop: 10.93% (vs 11.36% in Q2 2017)
That’s a fact and these benchmarks illustrate it. So what do you do abandonment-rate) (2018)
about it? Eliminate paying for mobile traffic? Probably not as that Notes: meta study from over 40 other studies
Why should you care? building awareness. But after you’ll need to grow more deliberately:
It can be frustrating to see visitors add things to their carts, but then improve your website, start advertising or get serious about your
abandon the checkout later. email list.
But most of these visitors were never going to buy anyway. About Source: RJMetrics Ecommerce Growth Benchmark
58% of all those abandoned carts claim it’s because they were “just (https://rjmetrics.com/resources/reports/2015-ecommerce-growth-
browsing”. Many use the shopping cart as a save for later list. benchmark/) (2015)
That doesn’t mean that there is nothing you can do about the New versus repeat orders
remaining 40%. If you score below this benchmark, take a look how
you could improve your checkout experience to generate more sales. Top 25% companies
Annual Ecommerce growth rate Month 2: 20% of revenue comes from repeat customers.
you know how fast the best stores in your industry are growing, it
Month 36: revenue from repeat customers equals revenue from
will help you to set realistic growth targets for your own store.
new customers.
It’s a good indicator of when you will need to move past the low- Source: RJMetrics Ecommerce Growth Benchmark
hanging fruit and start exploring new sources of growth. In the early (https://rjmetrics.com/resources/reports/2015-ecommerce-growth-
days of your company, you can double your business simply by benchmark/) (2015)
Why should you care? As said before, this metric can be a target. If you’re far below, you
Solid businesses are build on repeat orders. It’s cheaper to get your should explore how your competitors might be able to achieve better
existing customers to buy again, and if that revenue reaches scale, margins.
your store really grows leaps and bounds.
Ecommerce Customer Acquisition
The top companies excel at retaining customers, even at the start of
Cost (repeat customers)
their business.
Average Google Ads Conversion Rates for Why should you care?
Ecommerce I have to say that these CPAs are very high to me. Most of my clients
have customer acquisition costs well below $45, spending this much
Search: 2.81% for a customer would make it unprofitable.
Display: 0.59% But similar to the Google Ads conversion rates, these should give
you a rough idea if you can make Google Ads work for your store. But
Source: Wordstream Google Ads Benchmarks
realize that you can do better (and have to if you want to turn a
(http://www.wordstream.com/blog/ws/2016/02/29/google-adwords-
profit).
industry-benchmarks) (2018)
Tablet: 10%
Search: $45.27
industry-benchmarks) (2018)
Apparel/Accessories $88 1.30% 2.28% 4.27 Average Google Shopping Cost per click
Automotive $222 1.55% 0.99% 8.34 (by device)
Comp/Electronics $197 0.73% 1.72% 10.13
Desktop: $0.85 (vs $0.78 in 2016)
Food/Drug $52 1.32% 2.61% 4.77
Mass Merchant $58 1.31% 4.65% 4.14 Source: Sidecar Google Shopping Benchmarks
Office Supplies $104 0.87% 3.23% 3.60 (https://discover.getsidecar.com/2018-google-shopping-
Mobile: 1.49%
Why should you care?
Desktop: 2.36% The higher bounce rate has a very similar explanation to the lower
conversion rate. Mobile makes it harder to browse through the
Tablet: 2.11%
offering.
A big reason for that is that most visitors come in through a generic
Desktop: 3.55 pages
search and are directed to a specific product page. Exploring other
products in the category might be harder to do on mobile. Tablet: 2.98 pages
Average Google Shopping Bounce Rate Source: Foundit mobile shopping report
Mobile: 74%
Why should you care?
Desktop: 63% The higher bounce rate has a very similar explanation to the lower
conversion rate. Mobile makes it harder to browse through the
Tablet: 70%
offering.
Facebook Ads benchmarks
If your numbers are higher, you need to explore the mobile
Average Click-Through Rate: 1.59%
experience and see how you can enhance the browsing aspect.
Average Cost per Click (CPC): $0.70
Bing Ads benchmarks
Average Conversion Rate: 3.26%
Click rate: 2.07% nerve wrecking. being able to put a number on it might give you
some peace of mind.
Why should you care?
If your unsubscribe rate is higher, you might need to rethink if the
Clicks are what transforms a subscriber into a buyer. emails that you’re sending are of actual value to your subscribers.
Email frequency can also be a culprit. You can learn about things by
If no one clicks through to your website, you won’t make any money.
getting in touch with your subscribers or from the unsubscribe form
To improve your click rates you can improve the design of your
that many email service providers offer.
emails and improve your offers.
Average email unsubscribe rate Companies with larger annual revenues make a larger percentage of
their revenue through email (up to a third) and they generate more
Unsubscribe rate: 0.24%
revenue from each recipient.
different types of emails that you send out. His goal is to cut through the BS when it comes to ecommerce advice and provide you with tactics
and strategies that will make you more money.
Bonus: Rather than pay attention to all of the ecommerce benchmarks above,
I’ve put together a guide that will tell you which metrics you should pay Read more (/about/)
attention to at every stage of your store. Click here to download your free
guide Twitter (https://twitter.com/storegrowers)
(https://storegrowers.leadpages.co/leadbox/1445b2c73f72a2%3A161faffc3346dc/5636318331666432/)
YouTube (https://www.youtube.com/channel/UCREaZC0maQhfRnSOmfhak4A)
[…] will also show two benchmark KPIs for Google Shopping campaigns: Benchmark
CTR and Max. CPC. These are comparison stats for other […]
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The Minimalist Guide to Google Analytics For Ecommerce Increase Sales, Not Just Ad
(http://www.storegrowers.com/google-analytics-for-ecommerce/) says:
October 12, 2016 at 08:01 (https://www.storegrowers.com/ecommerce-metrics- Spend
benchmarks/#comment-1919)
[…] at some basic high-level reports. But as your business scales, you’ll to dig deeper into your Join our free 7-day course to learn how to use advertising
ecommerce data to answer questions that can improve your marketing and your […] effectively to grow your business.
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