Questions? (877) 643-7244
FutureNow Post
Monday, Jul. 9, 2007 at 2:10 pm

Online Shoppers Take a Day and a Half to “Buy Now”

By Robert Gorell
July 9th, 2007

A new study suggests that online shoppers are taking twice as long to buy as they did just two years ago. From May 2005 to May 2007, the difference between customer’s first visit to a site and the time they bought increased from 19 hours to over 34 hours.

The study, Digital Window Shopping: The Long Delay Before Buying, was conducted by Bay Area security certification firm ScanAlert and comprised of 480 tests by some 470 organizations–small, medium, and enterprise, B2B, B2C, retailers, non-profits, content publishers, manufacturers, ecommerce pure plays, you name it. As it turns out:

[...] Slightly over one-third (37%) of shoppers took more than 12 hours to make a buy decision. Twenty-six percent took more than three days, with almost five (18%) of these “cautious shoppers” taking one week to decide where to buy.

ScanAlert, whose “Hacker Safe” badge can be seen at trusted internet retailers everywhere, first conducted this study with the same methodology back in 2005. This time around, they were able to open it up to some bigger players, making the data even more compelling. People taking three days to buy jumped 23%, one-week shoppers went up 28%, and customers taking 2 weeks to buy increased 50% over 2005.

Digital Window Shopping suggests that, “Clearly, consumers do a great deal of [comparison] shopping ‘research’ before selecting a retailer.”

After hearing of the study, I called Nigel Ravenhill, ScanAlert’s Director of Marketing Communications. Nigel explained that, as intriguing as this study’s findings are on face value, it’s inspired them see if anything changes according to industry.

So, stay tuned. They’re doing a follow-up analysis on this one, and we’ll have Nigel over for a podcast in the coming weeks to discuss the findings.

Add Your Comments

Comments (10)

  1. [...] 9th, 2007Online Shoppers Take a Day and a Half to “Buy Now” Online Shoppers Take a Day and a Half to “Buy Now”A new study suggests that online shoppers are taking twice as long to buy as they did just two [...]

  2. One of the things we store in our stats system is the average time it takes someone to convert from their first visit (based on cookies). The average over several industries is slightly over 29 minutes, of course coming via search engines.

  3. In my research on marketing to women online, I’ve found that women grab a few minutes on the Internet whenever they can. They sometimes start a search and gather some information, but then have to go do something else. It can take a few visits to put together enough time to gather all the info they need.

    That said, comparison shopping, especially to find something that’s “just right” is obviously also in play here.

  4. [...] Don't rush the sale just because online shoppers are taking their sweet time. [...]

  5. [...] Bron: Online Shoppers Take a Day and Half to “Buy Now” [...]

  6. This seems very logical to me. They have many great offers to chose from and people take their time to chose the best offer for their needs and pockets.

  7. Any update to this story?

    I have a art jewelry and art glass website and people routinely take sometimes weeks before they purchase. With today’s tighter financial environment, I expect people to take even longer for discretionary spending. Overall, I’m just happy that they buy.

  8. MendyO,

    I’m checking with our source to see if there’s an update. Thanks for reminding me!

  9. Consumer buying patterns are important to understand in any ebusiness model. Thanks for the interesting article.

Add Your Comments

 

Print this Article
Share

More articles from Robert Gorell

Marketing Optimization Blog
FREE Newsletter Sign-Up
send it once every: