Data Snacks Video — Average Order Value

data-snacks-video-—-average-order-value

Average order value is the average dollar amount that customers spend at your business, per order. To calculate AOV, simply divide total sales (over a time period) by the number of orders (over the same time period).

Here's Daasity Dan for more:

How to Increase Average Order Value

There are many ways to increase average order value. For example, you can offer complementary products that are compelling to purchase together (bundles), offer upsells (“Would you like a 10-pack instead of a 5-pack”?), tempt customers with post-purchase product offerings, or nudge them to get free shipping or a gift with purchase by adding one more product to their cart.  

Special thanks to our friends at Daasity for their insights on this topic.
Total
0
Shares
Leave a Reply

Your email address will not be published. Required fields are marked *

Prev
7 Things You Need To Know About The Creator Economy (As A Marketer)
7-things-you-need-to-know-about-the-creator-economy-(as-a-marketer)

7 Things You Need To Know About The Creator Economy (As A Marketer)

Next
[Announcing] The Commerce Experience Certification Program By Nosto
[announcing]-the-commerce-experience-certification-program-by-nosto

[Announcing] The Commerce Experience Certification Program By Nosto

Take the Free Quiz
ecommerce fastlane crowdspring quiz blog
Take the Free Quiz
ecommerce fastlane crowdspring quiz blog
You May Also Like
payday loans loans for bad credit
where can i buy clomid buy clomid