OKR template to reduce checkout drop off rate to below 30%
Your OKR template
The second approach is to cut the rate of cart abandonment by 15%, which is done by establishing re-engagement with customers through personalized emails. These emails are analyzed for their effectiveness and optimized continuously. Also, automated triggers for cart abandonment emails would be set up and personalization elements are incorporated for re-engagement.
Another aspect of this OKR is to expedite the website's load speed by 20%, as slow load times could deter customers from shopping. The state of the website would be improved by combing various HTTP requests to minimize them. In addition to that, large files like images and videos that slow down the website would be compressed to ensure quicker loading times.
Finally, to retain frequent visitors of the website, a caching system will be implemented. This stores data from earlier visits and uses it to load pages quickly during subsequent visits. Ultimately, a bridge would be built between website optimization and checkout success, greatly improving customer experience and reducing checkout drop-off rates.
ObjectiveReduce checkout drop off rate to below 30%
KRImplement a simplified 2 steps check-out process for quicker transactions
Write code to implement simplified checkout- Design a mock-up of the 2 step checkout process
- Test and troubleshoot new checkout process
- KRReduce the cart abandonment rate by 15% through personalized re-engagement emails
- Analyze effectiveness and continuously optimize these emails
- Set up automated triggers for abandoned cart emails
- Incorporate personalization elements in re-engagement emails
- KRIncrease website load speed by 20% to sustain customer's shopping journey
- Minimize HTTP requests by combining files
- Compress images and videos to optimize loading time
- Implement caching for frequent website visitors
How to edit and track OKRs with Tability
You'll probably want to edit the examples in this post, and Tability is the perfect tool for it.
Tability is an AI-powered platform that helps teams set better goals, monitor execution, and get help to achieve their objectives faster.
With Tability you can:
- Use AI to draft a complete set of OKRs in seconds
- Connect your OKRs and team goals to your project
- Automate reporting with integrations and built-in dashboard
Instead of having to copy the content of the OKR examples in a doc or spreadsheet, you can use Tability’s magic importer to start using any of the examples in this page.
The import process can be done in seconds, allowing you to edit OKRs directly in a platform that knows how to manage and track goals.
Step 1. Sign up for a free Tability account
Go tohttps://tability.app/signup and create your account (it's free!)
Step 2. Create a plan
Follow the steps after your onboarding to create your first plan, you should get to a page that looks like the picture below.
Step 3. Use the magic importer
Click on Use magic import to open up the Magic Import modal.
Now, go back to the OKR examples, and click on Copy on the example that you’d like to use.
Paste the content in the text import section. Don’t worry about the formatting, Tability’s AI will be able to parse it!
Now, just click on Import from text and let the magic happen.
Once your example is in the plan editor, you will be able to:
- Edit the objectives, key results, and tasks
- Click on the target 0 → 100% to set better target
- Use the tips and the AI to refine your goals
Step 4. Publish your plan
Once you’re done editing, you can publish your plan to switch to the goal-tracking mode.
From there you will have access to all the features that will help you and your team save hours with OKR reporting.
- 10+ built-in dashboards to visualise progress on your goals
- Weekly reminders, data connectors, and smart notifications
- 9 views to map OKRs to strategic projects
- Strategy map to align teams at scale