For the third consecutive year, about nine out of 10 consumers conducting transactions online (87 percent) say they have experienced problems - and 42 percent of those have switched to a competitor or abandoned the transaction entirely, according to a Tealeaf survey conducted by Harris Interactive, reports MarketingCharts.
Another 52 percent who have experienced bad customer service from a company’s contact center, following an online issue, have completely stopped doing business with the company, according to the findings.
As e-commerce continues to grow - Forrester Research estimates 2007 online retail sales at $157.4 billion and expects sales to reach $271.6 billion (or 9 percent of retail sales overall) by 2011 - so does the risk of leaving more money on the table.
“We’re in a ‘perfect storm’ as users’ dependency on ecommerce grows and their patience for bad online experiences wears thin,” said Rebecca Ward, CEO, Tealeaf. “More than a decade into ecommerce, we’re increasingly savvy online consumers, and we’re no longer willing to put up with experiences that do not live up to our expectations.”
Other findings from the study:
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