Find out how to increase the Average Order Value

[YITH]( Hi there, When meditating about how to increase revenue, you may think that finding new customers is the only way to grow your business. But it is important to know that there are other ways to increase sales volume, such as increasing the average order value. AOV (Average Order Value) is an indicator of your business growth. To help you understand it better, here's an example: if a store had a $1000 income over 20 orders, you can divide the total income by the number of orders to get the AOV; in this case, $50/order. The higher the AOV, the more value you get from each customer. This is an essential tool for your store, and it is advisable to monitor it to get an idea of its performance. To get more accurate data, it is recommended to analyze longer periods with more orders. There are multiple strategies to increase the average order value on your site: - Volume discounts and rewards. It is important to know your customers so that you can offer promotions or rewards that can drive sales, hence the strength of this marketing strategy.  For example, with our [Dynamic Pricing & Discounts]( plugin you can apply discounts if the user buys 3 units of a product or apply a 25% discount to the cart if the user spends more than 150€. There are no limits! - Free shipping limits. It's no coincidence that most major e-retailers offer free shipping. Take Amazon, for example: their customers are willing to pay an annual subscription to avoid shipping costs. After all, we all know that an additional cost at checkout often leads to postponing the purchase, especially when it comes to low-cost items. - Take advantage of cross-selling and up-selling. You can suggest products related to what the customer is buying (cross-selling), or suggest a better (and more expensive) product than what the customer is interested in (up-selling).    - Offer bundles. Just as cross-selling increases order value by increasing the number of products purchased, there are other ways to offer multiple products together at a discounted price. By offering a limited time discount on a group of products, you can significantly increase the number of items that your customers will add to their shopping carts at the checkout.  Learning about new techniques to boost your customers' experience in your shop always leads to a noticeable increase in your AOV and helps your business grow. Stay tuned for next month's newsletter where we'll be sharing even more valuable tips to enhance your store. You won't want to miss it! Warm regards, Athena Kiourka Customer care YOUR INSPIRATION SOLUTIONS S.L.U., Calle San Francisco, 63, Bajo derecha, 38001 Santa Cruz, Santa Cruz de Tenerife, España You are receiving this e-mail because you purchased one or more plugins on our site yithemes.com. [Click here to unsubscribe]( if you are not interested to get offers, discounts and content related to WooCommerce.