Who Spends More Online?

Men Spend 68% More Online Than Women

Source
KPMG

Year
2019

This came as a bit of a shock when I first read it.

But when you think about it, it makes sense.

On average, men spend $220 per transaction compared to $151 per transaction for women.

So it’s not that men shop more than women, it’s that they spend more per transaction.

Male consumers are more likely to buy higher priced items such as luxury products and electronics. Whereas women tend to buy lower priced items such as cosmetics and food.

Moreover, when men shop online, they tend to be efficient, meaning they buy more in bulk to save time.

When selling to a male audience, you can increase conversions by offering related products and package deals.

When prospects go through checkout, they can add products to their order that compliments what they already have in their cart.

Offering related products during checkout makes it easy for customers (both men and women) to quickly add items without having to abandon their cart to search for more products.

Takeaway: Only show items that are relevant to what’s already in the cart. If the related items go well with the item(s) in the cart, prospects are more likely to buy them too.

More 2019 Stats

24% of salespeople reported that they majored in business in college

44% of People go Directly to Amazon to Start their Product Searches, Compared to 34% who use Search Engines like Google, Bing, and Yahoo to Search for Products

People are Searching Google for the Phrase “Conversion Rate Optimization” More Than Ever Before

People are Searching Google for the Phrase “Conversion Rate Optimization” More than Ever Before

80% of Respondents Said They Had Stopped Doing Business with a Company Because of a Poor Customer Experience

85 Percent of Consumers Conduct Online Research Before Making a Purchase Online

65 Percent of Shoppers Look up Price Comparisons on their Mobile Device While in a Physical Store

In 2019, Ecommerce Sales are Expected to Account for 13.7 Percent of Retail Sales Worldwide

Nearly Half (48 percent) of Online Shoppers Simply Head Straight to a Large Ecommerce Marketplace

Younger People Spend More Time Shopping Online than Older People

More Stats

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