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WBSP171: Grow Your Business by Measuring and Increasing Average Order Value, a Live Interview w/ a Panel of Experts

WBSP171: Grow Your Business by Measuring and Increasing Average Order Value, a Live Interview w/ a Panel of Experts

FromWBSRocks: Business Growth with ERP and Digital Transformation


WBSP171: Grow Your Business by Measuring and Increasing Average Order Value, a Live Interview w/ a Panel of Experts

FromWBSRocks: Business Growth with ERP and Digital Transformation

ratings:
Length:
61 minutes
Released:
Oct 14, 2021
Format:
Podcast episode

Description

Most e-commerce companies remain busy chasing new customers and visitors to the site. And they ignore the average order value, also known as deal size in the traditional world. There are several ways to increase your average order value, such as trying different pricing experiments, bundling, up-sell, and cross-sell. But you would not know what's going to work unless you design suitable experiments and measure them accurately. In today's episode, we invited a panel of cross-functional experts for a live interview on LinkedIn who brings significant expertise to discuss measuring and increasing average order value. We covered many grounds in this episode, including why average value matters for e-commerce companies and the specific strategies to increase it. Finally, we discussed how to A/B test various strategies and how it can help improve the average order value.For more information on growth strategies for SMBs using ERP and digital transformation, visit our community at wbs.rocks or elevatiq.com. To ensure that you never miss an episode of the WBS podcast, subscribe on your favorite podcasting platform.
Released:
Oct 14, 2021
Format:
Podcast episode

Titles in the series (100)

WBSRocks podcast features in-depth conversations on ERP, digital transformation, manufacturing, supply chain, eCommerce, and industry 4.0. The purpose of the show is to help CFOs, COOs, CEOs, and business owners with their daily operational and financial growth challenges by taking a deep dive into business cases and processes, technology strategy and architecture, transformation initiatives, and business models. The show also offers an independent analysis of technology trends, various ERP vendors and solutions, and enterprise software mergers and acquisitions. Subscribe today to stay on top of digital transformation trends!