Businesses think extra features enhance online shopping - consumers disagree

Rhea-AI Summary

Storyblok's recent survey of 6,000 consumers and 500 business leaders reveals a significant gap between e-commerce businesses' perceptions and consumer expectations. Key findings show that 65% of consumers prioritize ease of navigation, while only 28% of businesses see website design as a priority. Additionally, 77% of businesses believe chatbots enhance user experience, but only 27% of consumers agree. The survey highlights that fast loading speeds are crucial, with 42% of consumers leaving a site if it takes too long. The research emphasizes the need for businesses to refocus on fundamental aspects of online shopping to avoid losing sales, estimated at $72,000 per year due to poor user experiences.

Positive

• 77% of businesses believe chatbots enhance customer experience.
• 52% of businesses plan to add more payment options.

Negative

• Only 27% of consumers agree that chatbots enhance user experience.
• Only 28% of businesses prioritize improving website design despite consumer demand.
• 60% of consumers abandon purchases due to poor website user experience.

• Storyblok survey of 6,000 consumers and 500 business leaders reveals large divide between what e-commerce businesses think consumers want and what they actually need
• 65% of consumers think ease of navigation is the most important factor in website user experience - only 28% of businesses cite improving website design as a priority
• 77% of businesses say chatbots enhance the customer experience - only 27% of consumers see a benefit
• Consumers and businesses agree that more payment methods and faster loading speeds are key to stopping purchases from being abandoned
• American consumers and businesses believe AR/VR is the future of retail - Europeans are more skeptical

LINZ, Austria, Feb. 23, 2023 /PRNewswire/ -- Storyblok, the content management system (CMS) category leader that empowers both developers and content teams to create better content experiences across all digital channels, released research which reveals that many businesses misunderstand what consumers want out of online shopping.

The survey of 6,000 consumers and 500 business leaders at medium-sized e-commerce companies across the US and Europe shows 77% of companies believe features such as chatbots enhance the customer experience, whereas only 27% of consumers agree.

When asked what the three most important factors are in the online experience, 65% of consumers said ease of navigation, 50% said visual appeal, and 45% said simple design. In contrast, only 28% of businesses cited improving the design of their website as a priority, and 43% said they would add more features. 52% of businesses said they would add more payment options, but this was less of an issue for consumers with only 37% citing limited payment options as a reason to abandon a purchase. 

Consumers and businesses agree that fast loading speeds are critical. 42% of consumers said they decide whether to stay on or leave a website within 10 seconds - 20% within 5 seconds. 47% of businesses said improving their website loading time was a top priority.

Previous research by Storyblok underlines the importance of businesses understanding the priorities of their customers. Storyblok revealed that 60% of consumers regularly abandon purchases due to poor website user experience, with businesses estimating it costs, on average, $72,000 in lost sales per year.

Dominik Angerer, CEO and Co-Founder of Storyblok, said: "There's a lot of enthusiasm from businesses for more website features, but this is not shared by consumers - at least not yet. It's important for businesses to continually ask themselves if the features they add to their websites really do enhance the customer experience. More is not always better, and what our research clearly shows is that businesses cannot lose sight of the fundamentals of good design, clear navigation, and fast loading speeds."

Looking ahead, 28% of business leaders said they believe AR/VR experiences are the most important trend in marketing, followed by AI-generated content (22%), personalization (20%), and automation (11%). Consumers are slightly more skeptical about the impact of AR/VR with 42% stating it would encourage them to make a purchase and 21% saying they didn't know. Americans were more enthusiastic with 57% agreeing it would encourage them to make a purchase compared to 32% in the UK.

Resources

• Download the State of eCommerce 2023 report: https://www.storyblok.com/lp/state-of-ecommerce-2023
• Learn more about Storyblok: https://www.storyblok.com
• View Storyblok's press kit: https://www.storyblok.com/press
• See case studies: https://www.storyblok.com/case-studies

About Storyblok

Storyblok, the content management system (CMS) category leader, empowers both developers and content teams to create better content experiences across any digital channel.

Storyblok enhances audience experiences with best-in-breed performance, security, optimized omnichannel storytelling, and robust personalization. Enable content teams to create and manage content intuitively and independently with drag and drop visual editing, custom collaboration workflows, and a world-class digital asset manager. Empower developers to build anything, integrate with everything, and publish everywhere with Storyblok's headless CMS architecture.

Leading brands such as Adidas, T-Mobile, Renault, and Oatly use Storyblok to shape their digital storytelling.

See why Storyblok was named the #1 CMS by G2 at www.storyblok.com and follow Storyblok on LinkedIn and Twitter.

Press Contact:
Brandon Watts
Senior PR Team Manager
brandon.watts@storyblok.com
404-202-3476

View original content:https://www.prnewswire.com/news-releases/businesses-think-extra-features-enhance-online-shopping--consumers-disagree-301753540.html

SOURCE Storyblok

FAQ

What did the Storyblok survey reveal about consumer preferences in e-commerce?

The survey highlighted a disconnect between businesses and consumers, with 65% of consumers prioritizing ease of navigation while only 28% of businesses did.

How much do businesses lose annually due to poor website user experience?

Businesses estimate they lose an average of $72,000 per year due to poor website user experience.

What percentage of consumers consider fast loading speeds important?

42% of consumers decide to stay or leave a website within 10 seconds, emphasizing the importance of fast loading speeds.

What is the consumer sentiment towards chatbots according to the survey?

While 77% of businesses think chatbots enhance customer experience, only 27% of consumers agree.

What technology trends do business leaders believe in for the future of retail?

28% of business leaders see AR/VR as the most important trend in marketing.