The Ecommerce Influence Podcast: Advanced Acquisition And Retention Strategies For Fast-growing Online Brands
254: Profit Series Part 2: How To Increase Your Average Order Value
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 0:35:58
- Mas informaciones
Informações:
Sinopsis
One of the top ways to accelerate your growth on the path to profitability is to increase average order value. In Part 2 of our Profit Series, we’re diving into successful strategies and tactics you can use to increase your average order value. From simple changes with pricing to on-site additions to optimizing your Facebook targeting, we share the exact tactics our top clients are using to increase average order value and how these tactics support the big picture strategy toward profitable growth. Episode Highlights: 4:27 The 80/20 Rule and how it should impact your overall business strategy 8:41 The first thing to do if you want to increase average order value 10:30 Successful approaches to bundling products 13:02 How to use dynamic product ads to increase average order value 16:28 A tactic Kettle & Fire is using on their website collections page to boost sales 18:10 Why your best type of customers are the key for increasing average order value 20:34 The difference between upsells and cross-sells an