Examples of using Average order value in English and their translations into Hindi
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Increased AOV(average order value).
This has to do with reducing the cost of acquisition, churn and increasing average order value.
We assumes average order value to be $50.
The highlighted boxes show your total number of sales, orders and the average order value.
What's the average order value for this category of products?
Let's say your average order is $80,try putting your free delivery at $100 and watch your average order value increase.
This way you will increase your average order value for the same flat shipping rate.
The average order value is particularly important as this can inform you about where you should set your free delivery threshold.
These KPIs include effective earnings per click, average order value and the total revenue per affiliate.
To max out the average order value potential, you can introduce an incentive-based program where customers can earn points when they shop from your store.
Clicking on a campaign reveals its details, including the average order value, plus the corresponding average commission.
If your average order value is low, you may easily find yourself in a situation where the cost of shipping alone is higher than the price of the items you're trying to sell.
If compared to standard email,direct email marketing produces higher response rate and higher average order value for e-commerce businesses.
For example, if your average order value is 2000 INR, then set free shipping on orders above 2500 INR.
As you can see above, the storeowner can access periodic reports on metrics such as the total number of sales, average order value, and the customer retention rate.
You can track everything from your daily average order value to the total number of active people coming to your site from your emails.
Email is popular with digital marketers- If compared to standard email,direct email marketing produces higher response rate and higher average order value for e-commerce businesses.
As you can see,the dashboard is rather intuitive and breaks down the average order value, conversions, and other information for the several retargeting methods used.
Video in general and particularly video backgrounds have been shown to increase the time that visitors stay on your site andincrease the average order value for your website.
Affiliate code report will let you know the transactions, revenues, and average order value from affiliates who are sending visitors to your website.
You start switching the conversation to,“this is the retention and this is the customer lifetime value and loyalty we have gotten because of these capabilities we have enabled”,instead of just looking at revenue and the new customers and the average order value.
For customers who chat prior to making a purchase,there is a 10% increase in average order value, a 48% increase in revenue per chat hour, and a 40% conversion rate.
While offering free shipping might be expensive, it's still a good idea to test a variant that offers free shipping(like we did in the above example)and see if you can increase your average order value enough to make it profitable.
To illustrate further, you can single out the average order value, determine the high selling products, as well as know those which are slow moving.
The Broadcast dashboard: Check out the performance of your email broadcasts with analytics like“total revenue earned” and“average order value,” as well as unsubscribe rates.
You will also have access to full funnel reporting, with data such as average order value or lifetime order value, at your fingertips to build a brand and voice that will help you standout.
Of the survey participants, 71 percent reported a rise in website conversion rates, 52 percent said their repeat customer rate was up,and 46 percent said average order values increased, with the average dollar amount for AOVs totaling $171.
In order to combine results from the comparisons within these hundreds of thousands of matched sets, Einav and colleagues re-expressed the starting price and final price in terms of the reference value of each item(e.g., its average sale price).
If the moving average is over 5-periods, it will take the closing prices of the previous 5 candles in order to give you an average value for the current period.