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‘Tis the Season for Online Shopping | @DevOpsSummit #WebPerf #APM #Monitoring

How long are consumers are willing to wait while shopping online before frustration sets in?

‘Tis the Season for Online Shopping
By Dawn Parzych

The holiday shopping season, a time when Americans flock to the malls or online to find those must-have gifts, is about to kick off. Kids are pouring over catalogs and compiling their wish lists, adults are looking at the Black Friday ads to find the best bargain, and retailers are hoping they don’t make the news for failure to meet customers’ expectations. Every year, retailers go into Black Friday thinking they have done everything they can and are prepared for the onslaught of visitors, but sadly each year there are some left wondering what they could have done differently to prevent outages and customer backlash.

Consumers are becoming less patient, add the stress of the holidays to that and people may find their breaking point sooner than in years past. Research came out last year showing the average attention span of a human is now less than that of a goldfish. This means online retailers have less time to deliver engaging content and convert a browser into a buyer.  With other options just a click away, customers won’t deal with a slow loading website or errors.

To find out just how long consumers are willing to wait while shopping online before frustration sets in, we commissioned a survey conducted online by Harris Poll from November 1-3, 2016 among 2,064 U.S. adults. Among those, 1,361 were identified as frequent online shoppers (defined as Americans who shop online at least once a month).

Looking at the results from the frequent online shoppers:

  • Among those who plan to do 2016 holiday shopping, 70% will do more holiday shopping online than in-store this year
  • 63% of Millennials (ages 18-34) say they use a mobile device more often than a desktop or laptop to make online
  • Roughly 4 out of 5 (81%) have gotten frustrated with slow-loading websites or mobile apps when shopping online.
  • 21% will not wait more than 5 seconds for a webpage or mobile app to load before abandoning the webpage.
  • 8% will only wait less than 1 minute to complete the checkout process before abandoning the purchase.

Failure to meet customer expectations can negatively impact future sales both online and at a company’s brick and mortar location. 76% of frequent online shoppers tend to avoid making purchases from a retailer’s website or mobile app again if it performs poorly and 50% say they would be less likely to visit a brick and mortar store due to a negative experience on their website or mobile app.

The holidays are stressful enough without having to worry about whether your website is failing to meet customer expectations.

To learn how you can potentially avoid missed sales download our Guide to Holiday Shopping Readiness handbook.

The post ‘Tis the Season for Online Shopping appeared first on Catchpoint's Blog.

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More Stories By Mehdi Daoudi

Catchpoint radically transforms the way businesses manage, monitor, and test the performance of online applications. Truly understand and improve user experience with clear visibility into complex, distributed online systems.

Founded in 2008 by four DoubleClick / Google executives with a passion for speed, reliability and overall better online experiences, Catchpoint has now become the most innovative provider of web performance testing and monitoring solutions. We are a team with expertise in designing, building, operating, scaling and monitoring highly transactional Internet services used by thousands of companies and impacting the experience of millions of users. Catchpoint is funded by top-tier venture capital firm, Battery Ventures, which has invested in category leaders such as Akamai, Omniture (Adobe Systems), Optimizely, Tealium, BazaarVoice, Marketo and many more.

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Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a multi-faceted approach of strategy and enterprise business development. Andrew graduated from Loyola University in Maryland and University of Auckland with degrees in economics and international finance.
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