I head up the e-commerce department at Liquid Rubber, a leading provider of home improvement and DIY water ingress prevention products.
Itâs safe to say that most of us have made a purchase online recently. Weâre all aware of what happens after you hit that âbuyâ button. Once that order goes down the wire, itâs picked and packed from inventory and sent on its way to your doorstep. After the purchase, sometimes buyerâs remorse can set itâor the purchase simply doesnât work out for one reason or another. When this happens, the result is a return.
With return rates as high as 16.5% in e-commerce, itâs no wonder why retailers are striving to accommodate $200 billion in products coming back to their warehouses annually. This daunting number can lead to some retailers making returns hard when, in fact, the opposite should be in placeâyou want them to be simple, fast and effortless for your valued customers.
What follows are some reasons why I make returns easy at my online store and why itâs smart thinking to follow suit.
Understand Buyerâs Remorse
E-commerce is such a different shopping experience altogether. I find that when I shop online, I get excited at the ability to look at and compare so many products between different stores. Before I click âbuy,â though, I always take a moment to read the return policy.
Why? Because online shopping is just different from a brick-and-mortar experience. You canât see the products in real lifeâyouâre instead looking at a photo or a video of it. Whatâs more, you canât touch the product, try it on (in the case of apparel) or test it out (in the case of electronics).
Once that product arrives at your doorstep and you unbox it, youâre typically left with two feelings (I know I am).
Feeling A: The product is suitable, or you just love it. Itâs a keeper.
Feeling B: The product isnât suitable and needs to be sent back.
As a retailer, I want to ensure that any time a customer has buyerâs remorse, they have the ability to send back a product, giving me a chance to earn new business with them in the future.
Sometimes, this results in referrals, too, because customers tell other prospective customers about my return policy. When shoppers know itâs a worry-free process to send back items that donât fit the bill, it often leads to new orders.
Create A Reasonable Policy
In a perfect world, all products could be returned all the time. In reality, every product line is different. For example, in my world, our products are designed for home improvement. Once you pop open that lid on our products, the clock starts ticking. Much like in cosmetics, opened products are essentially unusable after the fact.
This means I have to cater my return policy specifically toward the wrong item purchased, wrong amount, wrong color or damaged product received. Most commonly, Iâve found, itâs simply a case of the wrong color or a mistaken order of the wrong product.
This is why I make returns easy. My customers can send me back any product that doesnât work out and is unopened up to 30 days after the purchase without incurring any fees of any kind.
Build Brand Trust
All return policies are different, but they should all aim to share one thing in common: earning the trust of the customer even when thereâs buyerâs remorse.
Brand trust is so much more valuable than a single purchase, folks. Itâs a powerful retention and awareness-driving integer that canât be bought. When customers know that youâve got their back, the long-term value of that customer is ten times more valuable than any potential loss you might incur on a returned product.
So, make sure to keep this in mind when creating or revamping your return policy. It can be the difference between long-term sales and retention or the complete oppositeâthe choice is yours.
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