In this episode of the Product Powerhouse Podcast, I’m sharing the importance of increasing your average order value (AOV for short) and actionable steps you can take right now to get started and use my tips to work for YOUR business.
Some of the talking points I go over in this episode include:
If you found this episode helpful in learning why your AOV is important, how to even increase your average order value, and some apps that can help get you started, I would love to hear from you. Be sure to tune in to all the episodes to receive tons of practical tips on growing your product shop and to hear even more about the points outlined above.
Thank you for listening!
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Bundler helps you boost sales and increase your average order value by applying discounts on products bought in bundles, so people are encouraged to buy more products per order. So it will say like buy more and save, and the price will go down when they are more products to their carts.
If you are going to offer product bundles with a discount, make sure that you include the discount in your pricing margins.
Zoorix is an affordable upsell app that works on product pages and cart pages. You can use it to suggest other products, or even add on something like gift-wrapping or a warranty.
ReConvert is a cool app for post-purchase upsells. You can offer a deal or discount after someone has purchased something from your shop, and it will show up with 2 orders on your Shopify site.
Again, make sure that’s included in your margins. I don’t want anyone to feel like they have to offer discounts if it’s going to cut into your margins.
Increase AOV with upselling and cross-sell offers directly inside of your Shopify store. With NO ANNOYING POP-UPS, help your customers buy more while they are already purchasing.
These are both awesome for creating those Amazon style recommended product sections. You know when you are shopping for watercolor paints, and they show you paintbrushes, paper, and an easel.
Two great apps for creating loyalty programs. I really like stamped, because they also have a review app and it connects to the loyalty app so that your customers get points for also leaving reviews. I figure you might as well use one system for both things, right?
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