Average order value (AOV) is a key metric for e-commerce businesses. It measures the average amount of money spent by each customer. A higher AOV means that a business is selling more expensive products or cross-selling to customers.
These include:
By implementing these strategies, businesses can increase their AOV and boost their revenue.
Kensium is a cloud ERP and e-commerce software company that can help businesses increase their AOV. Kensium's software offers several features that can help businesses to implement the strategies mentioned above, such as free shipping thresholds, volume discounts, loyalty programs, and personalized recommendations.
In addition, Kensium's team of experts can help businesses to analyze the data and identify opportunities to increase AOV. Kensium can also guide how to implement the necessary changes to their website or e-commerce platform.
Increasing AOV is an important goal for any e-commerce business. By implementing the strategies mentioned in this article, businesses can boost their revenue and profitability. Kensium can help businesses to achieve this goal by providing the software and expertise they need to increase their AOV.