Have you ever wondered how much money customers usually spend on a single purchase? That’s what we call the average order value. By analyzing AOV, you can find more opportunities to increase your revenue by encouraging customers to spend more per order. Yet, there are many dropshipping beginners who do not know how to increase…
E-commerce has been growing steadily in recent years, also boosted by the pandemic. Many brick-and-mortar stores migrated to online stores when they were unable to open their doors. And once the confinement had passed, some closed and others maintained both spaces. Shopify’s statistics give us an insight into its impact: But the real growth is…
A Shopify waitlist is a surefire way to increase customer loyalty and keep them coming back for more. When Shopify backorders are enabled for a product, customers can add it to their cart and proceed to checkout as usual. As soon as the product becomes available, the order will be fulfilled. Adding a waitlist allows…
Discount codes attract new customers, encourage existing customers to try a new product and/or service, and generate new revenue. Discount codes are heavily utilized during holiday seasons, where online retailers entice consumers to spend more in the run-up to a big time of year, such as Thanks Giving through Black Friday sales. In fact, research…
According to Professor Clayton Christensen, a professor at Harvard Business School, 30,000 new consumer products are launched each year—and many fail. Therefore, pre-launching your items on Shopify requires careful planning to make it a resounding success. When you pre-launch your items, you’re changing the order process from selling items once they’ve been produced and/or purchased…
Approximately 40% of shoppers list coupons and discounts as the main reason for shopping online. This stat highlights the importance of offering discounts on your e-commerce store. In this article, we will delve into the essential techniques for seamlessly incorporating bundle and wholesale discounts into your Shopify store. Whether you’re looking to encourage bulk purchases…
Approximately 75% of customers research online before heading out to a physical store. Therefore, adding a store locator to Shopify is a helpful way to align your online store with your physical store and encourage customers to shop from both. This will improve customer retention, increase sales, and streamline your business. There are a couple…
Introducing a preorder model is a sustainable business practice with a number of benefits for your online store. By predicting product demand, you can control your inventory and avoid excess purchases and/or production, and increase sales by removing the ‘sold out’ barrier. The best way to add preorders is by adding a Preorder Manager app…
Fast-growing businesses get 40% more of their earnings from customization compared to slower-growing ones. Introducing a tiered pricing Shopify structure throughout your online store will allow you to offer customized deals to suit the different shopping habits of your customers. With tiered pricing, you can apply various discounts that are activated when sales meet specific…
In the competitive realm of e-commerce, enticing customers with free gifts can be a powerful strategy to enhance customer loyalty and drive sales on your Shopify store. Offering complimentary items not only adds value to the shopping experience but also serves as a compelling incentive for potential buyers. In this article, we will explore effective…
