29Aug/102
Building Trust on E-Commerce Homepages
A Taylor Nelson Sofres (TNS) survey in 2006 showed that 70% of terminated online purchases are due to lack of transaction trust, costing e-commerce retailers $1.9 billion in lost revenues. Studies have also shown that 60-80% of visitors to an e-commerce site are first time visitors and that trust is the single most important issue to convert visitors into buyers.
These facts led me to conduct my own research on trust at first glance or factors building trust on e-commerce homepages. I studied 4 e-commerce sites (sites sold diamonds, books, toys and electronics) with an eye-tracking study and found 26 trust building factors on e-commerce homepages:
- Trust seals such as PayPal, McAfee, Better Business Bureau, VeriSign, etc
- Payment alternatives such as Bill Me Later
- Well defined categories
- Free Shipping
- Professional looking images/animation
- Professional layout - color, font, organization, visual harmony
- Ability to track orders
- Buying Advice/Guidance/Expert Suggestions
- Professional Reviews such as reviews by Economic Times and Wall Street Journal
- User Testimonials
- Popular Brands displayed
- Big Shopping Cart icon on the top right corner
- Deals/offers updated daily
- Returns/Exchanges available
- Locations across many countries
- Product images with prices
- 1-800 number available
- Professional logo
- Relevant details in 'About Us' section such as how long the site has been in business
- User derived content such as ratings, blogs and communities
- Perception of a wide range of products
- Perception of finding products easily with search and filters
- Competitor comparisons available
- Awards for the site displayed
- Relevant Ads/Banners only displayed
- Trust-inducing words used such as certified and conflict-free
For details read the complete article here.
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September 8th, 2010 - 16:08
are the 26 trust building factors listed according to relevance?
September 8th, 2010 - 16:32
Yes, Varun. The trust seals had the most impact on the perception of trust followed by Payment alternatives and so on.