Half of consumers will abandon online products or services in the first month after purchase

by | Apr 14, 2021 | Public Relations

Why is brand and customer support so essential beyond the point of purchase and throughout the customer journey? New research from business news and how-to guide The Manifest finds that consumers are just as likely to abandon products within the first month of use (51 percent) as they are in the months following (49 percent)—which means companies providing digital products and services will need to craft customer onboarding strategies that support consumers throughout their entire journeys to retain them.

A successful onboarding strategy should enable customers to realize value from their purchases whether it’s the first or fifth month after their initial purchase. “The single most critical thing that your onboarding process must do is get [users] to experience and understand the value of your product or service,” said Bruce Hogan, CEO of the technology research firm Software Pundit, in a news release.

Half of consumers will abandon online products or services in the first month after purchase

Onboarding experiences influence consumers’ investments

A successful onboarding process would increase 46 percent of consumers’ likelihood of spending more on a product or service.

Companies foster more value by helping new customers successfully onboard onto products or services, which means enabling them to familiarize themselves with their new purchases.

To promote greater investments in their products or services, businesses should design an onboarding experience around consumers’ needs.

Ethan Taub, CEO of financial goal mall Goalry recommends that business leaders think like customers when building their customer onboardings strategies. He suggests asking, “What would make it better for you?”

Businesses can realize greater financial success by building an onboarding experience that sets customers up for success.

Half of consumers will abandon online products or services in the first month after purchase

Research precedes consumers’ purchases

A majority of consumers (70 percent) conduct research before purchasing a product or service online, which suggests that customers already have some understanding of features and benefits.

By designing an onboarding experience that attends to customers’ expectations and knowledge base, businesses can generate greater satisfaction.

Although most customers do research prior to making a purchase, it’s important for companies to meet customers where they are. “Don’t assume it’s easy to use your product because it’s easy for you to use it,” said Szymon Golyski, chief marketing officer at phone solutions company Channels, in the release.

Businesses should take into account the research consumers conduct prior to buying products or services in their onboarding strategies.

Half of consumers will abandon online products or services in the first month after purchase

Read the full report here.

The Manifest’s 2021 Customer Support Survey included 502 U.S. consumers.

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Richard Carufel
Richard Carufel is editor of Bulldog Reporter and the Daily ’Dog, one of the web’s leading sources of PR and marketing communications news and opinions. He has been reporting on the PR and communications industry for over 12 years, and has interviewed hundreds of journalists and PR industry leaders. Reach him at richardc@bulldogreporter.com; @BulldogReporter

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