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What Is AOV? Meaning, Importance & Tips to Improve Average Order Value

Groove

When you are able to boost the average amount of money that a customer spends on each order, you can reduce the need to acquire more customers and potentially cut shipping costs. This could help your company grow while minimizing your advertising expenses.

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Rethinking Retail Returns

Retail TouchPoints

Welcome to the world of retail returns, an expensive, cumbersome yet essential part of the industry. Returns negatively impact brands in several ways including processing costs, shipping fees, unsellable merchandise and more. of all purchased goods were returned to retailers. of all purchased goods were returned to retailers.

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eCommerce Site Analysis - The Basics

Groove

The first step in your eCommerce strategy moving forward should be a thorough eCommerce site analysis. I’ll just give a few high level examples of things I look for while conducting an eCommerce site analysis. Is the user being shown the final pricing with taxes and shipping included? Is the navigation easy to use?

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Advanced Conversion Tips: Analysis, Action & Attribution for 567% ROI

BigCommerce

Not only do you have to take care of daily operations — stocking items, arranging shipping, sourcing the best prices, etc. — Other factors” here include the assumption that the number of visitors and the product prices will remain the same. For example, some customers may find your shipping prices prohibitively expensive.

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The Ultimate E-commerce Shipping Report For Small Businesses In 2023

Inflation, cost of shipping, and changes in consumer spending are some of the biggest challenges online merchants face today. Get a thorough analysis of these trends, current customer behavior, and more in Shippo’s latest “2023 State of Shipping Report."

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3 Hidden Traps for Retailers this Holiday Season

Retail TouchPoints

If your team hasn’t considered the following three challenges, though, now is the time – before they become profit pitfalls and everyone from FP&A (financial planning and analysis) to operations is caught flat-footed. this year (excluding political advertising) to $360 billion – and those high prices could spell disaster.

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How to Conduct a Competitive Analysis for Your Online Business [with Templates]

BigCommerce

This is known as competitive analysis. Although performing a competitive analysis isn’t rocket science, it does go beyond the few simple Google searches needed to identify and categorize your competitors. . How to Conduct Your Competitive Analysis. Are they going for price? – Carl Koop, Owner, Bijou Basin Ranch.