Have you ever made an online purchase and then immediately felt a twinge of uncertainty?
That feeling is what’s known as post-purchase dissonance.
As a retailer, post-purchase dissonance can be a real headache. When customers regret their purchase, your returns increase, your repeat customer rate drops, and your bottom line suffers.
The good news is that post-purchase dissonance is treatable. With a few simple strategies you can reduce buyers remorse and transform dissatisfaction into dollars.
In this article you’ll learn:
- What post purchase dissonance is
- Why post purchase dissonance matters
- How to figure out what’s causing post-purchase dissonance
- 6 proven strategies to reduce post purchase
Sounds good? Let’s jump in!
What is Post Purchase Dissonance?
Despite post-purchase dissonance's widespread nature, many retailers struggle to define it. So let’s start with the basics and define what post-purchase dissonance is.
Post-Purchase Dissonance Definition
Post-purchase dissonance refers to the level of dissatisfaction customers feel after buying from your online store.
Each customer is unique, and there are various reasons why they might regret their decision.
Post-purchase dissonance theory states that it can occur at any point in the post-purchase journey, from the 'purchase' click to the end of your return policy window.
However, in our experience, it’s possible for shoppers to experience post-purchase dissonance long after that, often unbeknownst to retailers.
Post-Purchase Dissonance Examples
Post purchase dissonance can happen for various reasons. But let’s quickly look at a few examples of the most common reasons that sour post-purchase customer sentiment:
- Finding a better deal elsewhere after buying
- Reading a negative review about the product
- The product not meeting expectations
- Concerns about the trustworthiness of your business
- Unexpectedly long shipping times
It’s also important to understand that this sense of remorse is not binary. Customers may be anything from mildly regretful to extremely dissatisfied. Our goal as online sellers is to reduce all levels of dissonance.
Why Post-Purchase Dissonance Matters?
According to a Shopify report, brands are losing a record average of $29 for every customer they acquire - a 222% increase in the last eight years.
Aside from steep customer acquisition costs, returns take a lot of the blame. Customers return 20–30% of online purchases, compared to only 8–10% of in-store purchases.
High levels of post-purchase dissonance damage your bottom line by lowering your customer retention.
See, disgruntled customers are unlikely to become repeat customers. And with acquisition costs on the rise, repeat customers are where the real profit is.
As retention expert Joey Coleman says in his acclaimed book Never Lose a Customer Again “Across a wide range of industries, a 5% improvement in customer retention rates will yield a 25-100% increase in profits.”
Despite how expensive acquisition has become, most eCommerce brands are heavily-focused on influencing pre-purchase decision making. Once a customer buys, everything else is an afterthought.
But reducing negative emotions post-purchase is essential to boosting your retention rate.
Seriously, you’ve already done the hard work to acquire them, and selling to them again is comparatively way easier than to other new customers. So it’s a shame to allow post-purchase dissonance to dash the chances of them returning.
And given that the data reports that 90% of customers have held onto at least one they wanted to return, the scale of profit loss caused by post-purchase dissonance may be larger than your estimations.
So, how do we go about optimizing the post-purchase experience? What practical steps can you take to reduce remorse, slash returns, boost retention, and make more money?
Let’s keep going to find out.