How WhatsApp Commerce Delivers 20% Cart Recovery Rates | Abhishek Chandra

Could your abandoned cart recovery rate jump from 5% to 20%? Abhishek Chandra from GoKwik reveals how WhatsApp commerce is revolutionising e-commerce, with UK brands already seeing 15-20X ROI from this untapped channel.

Episode Summary

In this eye-opening episode, we explore how Asian e-commerce markets are leading the way with WhatsApp commerce, generating billions in additional revenue through conversational selling. Abhishek Chandra, co-founder of GoKwik (and the man who helped kick PayPal out of India), shares fascinating insights from sending over 2 billion WhatsApp messages that resulted in £2 billion worth of sales. We discuss why 80% of business communication in Asia happens through WhatsApp while UK brands are missing this massive opportunity, the ENGAGE framework for WhatsApp success, and practical strategies for implementing conversational commerce without abandoning your existing channels.

Key Learning Points

The 90% Open Rate Advantage (31:12)

WhatsApp messages achieve a staggering 90% open rate within five minutes, compared to email's declining performance. As Abhishek explains, "When you trigger a message to a customer, it can be any message. It can be a promotional message, an abandoned cart message, an upsell message. You know the chances of customer reading that message is very high."

This isn't just about better metrics – it's about catching customers while their purchase intent is still hot. UK brands using GoKwik's WhatsApp solutions are seeing 20% abandoned cart recovery rates, four times higher than the 5% email average.

The Conversational Commerce Revolution (32:12)

Unlike static emails or SMS, WhatsApp enables true two-way conversations. Abhishek shares a brilliant example: "If you send, let's say if I launch this T-shirt to the customer, hey, we have launched these new set of T-shirts... there will be CTA buttons. These CTA buttons can be, do you have more sizes? Once you click there, automatically more sizes will be shown there."

This dynamic interaction transforms how customers engage with brands, allowing real-time problem-solving and personalised recommendations within the same chat window.

The ENGAGE Framework for Success (29:47)

GoKwik's systematic approach has powered over 12,000 stores globally. The framework starts with trust-building through transactional messages, never bombarding customers with marketing in the first 30 days. As Abhishek emphasises, "We have to ensure that we take enough approvals, basically enough consents before sending the messages. The messages should be like where every customer should have an option to stop the message whenever they want."

The beauty lies in gradual expansion – from abandoned cart recovery to post-purchase sequences, then loyalty programmes and marketing campaigns.

First-Mover Advantage in the UK (45:56)

Perhaps the most compelling insight is the massive opportunity for UK brands. "Meta never promoted it here. No one in the UK knew that these are things which are possible," Abhishek reveals. During Black Friday 2023, one UK brand achieved £1 million in a single day using WhatsApp while competitors fought for attention in crowded email inboxes.

His parting advice is crystal clear: "You should immediately sign up for WhatsApp because you will get the first mover advantage. When everyone is sending communication on email, at least for the next one year, you will have the first mover advantage."

Resources

Guest & Company

• Abhishek's LinkedIn - https://www.linkedin.com/in/abhichandra2011/
• GoKiwki - https://www.gokwik.co/

eCommerce Podcast Ecosystem

• eCommerce Cohort signup (free monthly calls for eCommerce entrepreneurs) - https://www.ecommerce-podcast.com/cohort
• Matt's LinkedIn Profile - https://www.linkedin.com/in/mattedmundson/
• The eCommerce Podcast Newsletter for show notes and extra insights - https://www.ecommerce-podcast.com/subscribe