eBay Enterprise: Buying Across Borders
Affordable delivery has the biggest impact on a shoppers’ willingness to buy from an overseas retailer, according to new consumer research released by eBay Enterprise today to help UK retailers boost their overseas sales in the run-up to Christmas.
eBay Enterprise’s ‘Buying Across Borders’ report asked shoppers across Europe to rank the factors that have the biggest impact on whether or not they buy items from overseas retailers. It found the five biggest shopper “turn-offs” on making international orders are:
1. High delivery cost (80%)
2. Unavailability of preferred payment method (74%)
3. Poor product information, including images, text and video (68%)
4. Long delivery time (64%)
5. Price difference due to exchange rate (57%)
Commenting on the report’s findings, Enda Breslin, European Head of Business Development, eBay Enterprise said, “European consumers are increasingly considering overseas retailers as part of their online shopping mix, and it’s expected that EU cross-border shopping will tip £28.5bn by 2018, but lack of delivery and payment options, as well as poor product information, could be harming some UK retailer’s sales prospects in the region”.
When it comes to buying from abroad, the report reveals that the purchase considerations of European shoppers depend a lot on basket size. Three quarters (74%) of European shoppers are influenced heavily by the availability of after-sales services, including returns, when buying high-end, luxury items from overseas, whereas only one quarter (27%) treat it as a priority when buying lower value goods like DVDs, books.
The report also found that shoppers buying higher-value, luxury items from foreign retailers are generally prepared to pay more for delivery and wait longer for their items to arrive than shoppers buying cheaper, “convenience” goods, highlighting the opportunity for retailers to up-sell premium delivery services on higher-value international orders.