Maximizing your Average Order Value (AOV) is some very popular advice given to ecommerce stores. Even I’ve written about that a few times. But like any metric, there’s some subtleties involved. If you pursue maximizing your Average Order Value too much, you can end up losing money. That’s because AOV is a metric that uses …
While your store’s Average Order Value (AOV) is important, much of that depends on your store and unique product mix. Even with industry averages for AOV, it can vary a lot from store-to-store even in the same industry. AOV can also be very difficult to improve overall because of effort required touches almost everything your …
Your Shopify store’s Average Order Value (AOV) is an important metric to get a general idea about your store’s order size. It’s limited in usefulness but its ease of calculation makes it a common metric to track. Depending on which set of industry data you use as a reference point, your overall Average Order Value …
Average Order Value is a key sales metric for Shopify store. It’s not the only metric you should watch but if it gets too low, your store could be hurt in various ways. Some clear, some complex. The most visible way is that with a drop in AOV, you’ll be earning less per order. Usually …
There’s the business maxim that says it’s easier to win an order from a repeat customer than a new customer. But is it worth it? Here’s one way you can check to see if you should be focusing on your repeat customers. What you’re going to do is to look at the Average Order Values …
This morning, customers of Repeat Customer Insights received a nice present in their email inbox. They’ve gotten the first Monday Morning Metrics report. Monday Morning Metrics is a new feature of Repeat Customer Insights that serves to highlight and celebrate how your Shopify store did last week. Its focus is on new and repeat customers …
In most cases, customers who place larger orders are better customers. Many stores give some sort of discount incentive for larger orders. Usually it’s a coupon or free shipping. Though discounting might train the customer to expect discounts in the future and can be harmful to some premium brands. Another idea is to give the …
Your Shopify store’s Average Order Value (AOV) is one of the key metrics you want to keep track of. Average Order Value definition Average Order Value shows how much each customer spends in an order, on average (hence the name). It is calculated on orders in a date range so you’ll end up with some …
Average Order Value (AOV) is an important metric for all Shopify stores but it can be overused and abused. Knowing your AOV and how it changes over time is more important than comparing yours to other stores. By tracking how it changes from month to month or week to week, you can notice shifts in …
Average Order Value is a metric that many stores like to boast about. It’s great to have a high average and you want to feel good about it, but comparing your average order value to another store’s can be a waste of time. Imagine if you will, three stores. Jake’s Jewelry, Sally’s Soaps, and Mary’s …
