Do You Price Check First?

65% of Consumers Look Up Price Comparisons on Mobile While in a Physical Store

Source
KPMG

Year
2019

I think most of us have done this.

You want to buy a product, but you want to make sure you don’t overpay for it.

So, you go online and see if the product is available elsewhere at a lower price.

To avoid prospects abandoning a store (online or offline), a lot of businesses use price matching.

With price matching, you can prevent prospects from buying the product from a competitor because of pricing.

If a consumer is in your physical store, the chances of them going elsewhere to buy a product if you offer price matching are slim.

Takeaway: If you offer to match competitor prices, you need to make this visible in your store, both online and offline. Have it appear on your front page, or as a sign in your physical store for greater visibility.

More 2019 Stats

Younger People Spend More Time Shopping Online than Older People

The Average Number of Form Fields on Landing Page Conversion Forms is 11

On Average, 52 Percent of Online Stores have Omnichannel Capabilities

Longer Mobile Page Load Times Drastically Increase Bounces

Average Click-thru Rate of Newsletter Campaigns from Ecommerce Stores to Customers is 4.6%

Apple Pay Orders have a 1.8% Transaction Share on B2C Websites Accepting Apple Pay at Checkout

Users who have a Negative Experience on a Mobile Website are 62 Percent Less Likely to Purchase from that Business in the Future

Abandoned Cart Emails Sent within 20 Minutes Have an Average Conversion rate of 5.2%

Businesses with over 40 Landing Pages Generated a Whopping 12 Times More Leads than those with 1-5 Landing Pages

Conversion Rate Optimization (CRO) Tools Offer a 223% ROI on Average

More Stats

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