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Average Order Value: Definition, Formula, & 8 Ways to Skyrocket Your AOV

Optinmonster

AOV is a crucial metric for any ecommerce business owner or marketer. This number is a helpful benchmark for future sales periods and can also help you assess and improve your marketing campaigns. Why AOV Matters AOV plays a vital role in understanding customer behavior and optimizing your pricing and marketing strategies.

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A Review of Retargeting Strategies to Test

NuSpark Consulting

Retargeting, also known as remarketing, is a marketing strategy that aims to reach users who have previously interacted with your brand, website, or content. Here are some of the key retargeting strategies in marketing: Website retargeting: Show ads to users who have visited your website but didn’t convert or take the desired action.

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34 Clever Scarcity Examples to Skyrocket Your Conversions

Optinmonster

If yes, you’ll gain a lot by reading about scarcity examples in marketing. We’ll also share 34 scarcity marketing examples to help you boost conversions. In marketing, studies have found that limited-time offers improve the chances of customers buying a product by up to 33%. How Does Scarcity Marketing Work?

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Black Friday discounts: 7 clever ways creators can use discounts to boost sales this season

ConvertKit

But discounting isn’t only about price—in fact, two other factors—urgency and status—are far more likely to drive customers to open their wallets. Urgency helps drive new customers. Most discounts aimed at new customers rely on urgency or loss aversion. Even small discounts can have significant effects.

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[Announcement] FREE Done-For-You Black Friday Popups (plus 20 others for Cyber Monday, Giving Tuesday and New Year’s, too!)

Optinmonster

That’s why we’re offering you this (for free)… OptinMonster’s FREE VIP Holiday Campaign Bundle We hand-crafted four holiday campaigns collections (totaling TWENTY campaigns) that will help you increase your sales over this year’s Black Friday, Cyber Monday, Giving Tuesday, and New Year’s.

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How To Upsell: 15 Upselling Tips & Examples To Boost Revenue

Optinmonster

In Marketing Metrics , the authors say: “The probability of selling to a new prospect is 5-20%. If someone’s buying a book on marketing, there’s no point in recommending a book on childcare (which is cross-selling anyway). Upselling is a simple method to increase your average order value and boost your bottom line.

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Black Friday Isn’t Dead. Here’s How to Win More Online Sales in 2020

Unbounce

This article is the perfect read for marketers who are still working on their strategy for the big weekend, or still mulling over which deal they want to promote. Ben Jabbawy, Founder and CEO of Privy , says that while this puts less pressure on the Black Friday weekend itself, it also creates a new challenge for marketers.

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