Remove Barriers Remove Bundling Remove Conversion Rate Remove Pricing
article thumbnail

7 eCommerce Business Challenges in 2023 and How to Solve Them

Optinmonster

Solution: Conduct detailed competitor analysis to determine how they price their products. Challenge #5: Pricing Products and Managing Shipping Costs Shopify’s report published in 2022 found that pricing impacts 74% of consumers. But despite the growth in eCommerce sales, only 12% of brands have a winning pricing strategy.

article thumbnail

14 ecommerce platform features that retailers can leverage to improve sales

ClickZ

Features such as rule-based product recommendations, product alerts, product bundles, and tier pricing enable retailers to keep relevant products front and center, increase the average order value, and motivate shoppers to buy more. These include rule-based product recommendations, product alerts, product bundling, and tier pricing.

eCommerce 141
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

HubSpot’s 2022 Sales Strategy & Trends Report: Data from 1000 Global Sales Pros

Hubspot

And, the most effective strategies for cross-selling are offering discounts/promotions, recommending related or complementary products/services, email follow-ups, and offering bundles: Here’s the percentage of company revenue that comes from cross-selling: Fast Fact: 42% of companies see 11-30% of their revenue come from cross-selling.

article thumbnail

Fundamentals of Product Experimentation for Beginners

Convert

Strictly speaking, web experimentation would deal solely with the website itself, and the digital interface, whereas product experimentation could involve testing all aspects of a company’s offering, from improving features to introducing new ones, its pricing, delivery, and aftersales, etc. It’s full-stack experimentation on steroids.

Product 52
article thumbnail

What Is the Difference Between Upselling and Cross Selling?

Optinmonster

An example of upselling would be recommending a plan with more features for a slightly higher price, like WPForms does here: Service Upsell: For service providers, you could add on more time or deliverables to the package, or use more premium materials. Or you can simply recommend complementary products without a bundle discount.

article thumbnail

Top 10 Best Converting Shopify Themes (+ How to Choose the Perfect Theme for Your Online Store)

Convert

You want a theme that has the internal mechanics to give you high conversion rates. Every additional click may act as a potential barrier inhibiting the user from making a purchase. Adeel Khan , SEO and Conversion Rate Optimizer at Super Saver Mama. Ratings: 3.7 Pricing: Starts at $167 one-time payment.

article thumbnail

How to Use UX Testing to Improve Your Customer Lifetime Value (CLV)

Single Grain

How UX Helps Increase Conversion Rates. Remove all barriers from their shopping journey. While free returns might result in additional customer acquisition costs, it will bring improvements to your customer retention rate. Adding complimentary product suggestions at the checkout stage. Get A Free Consultation.