Conversion rate optimization agency
microsoft combinator
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E-commerce average order value optimization

microsoftcombinator

Forecast on guaranteed average order value growth

The majority of CRO companies don't give any guarantees on E-commerce average order value optimization results and simply ask for a fixed monthly fee avoiding any growth commitments.

We estimate potential growth opportunities before we accept a new client in order to forecast a specific percentage of increase of average order value that we can achieve by an agreed deadline.

For instance, it could be 11% total average order value uplift in three months.

In case of not delivering on time, which happens in 4-7% of projects, we conduct more experiments FREE of charge until we provide the forecasted average order value growth.

Sounds good? This estimation of guaranteed results is based on our experience of conversion optimization on 32 million monthly users of our clients in E-commerce and understanding of average order value average conversion rates.

How do we optimize E-commerce average order value?

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Track record in growing E-commerce average order value

We have delivered about 478 experiments for 44 e-commerce projects and in most cases we worked on average order value optimization. Let us send you the most similar e-commerce case studies for similar market.

There are three important elements to look at when you evaluate the expertise of a conversion rate optimization firm.

Ask them about the experience with:

  1. process
  2. e-commerce
  3. market.

The majority of conversion rate optimization agencies assert to have conversion optimization process competence and preach the same story of their capability in quantitative research and A/B testing.

And the client should have at least enough hard skills to judge the level of this experience during the pre-sale stage, which could be challenging.

What do you do if you can't do a technical assessment on data analytics and A/B testing? In this case you can look at their track record in the same business model, as any e-commerce has similar pain points and analytics frameworks.

Isn't it handy when an agency has already conducted the same research on millions of users and obtained data on how to optimize average order value? On the flip side, different business models typically have completely unique tech and data tracking stacks that need distinct skills, processes and values.

And if you choose an agency expecting a turnkey solution, you don t want the agency to have an entirely trial and error approach or find them quickly recruiting freelancers to fill in skill shortages, right? Last but not least is industry expertise, which is all about knowing your user needs.

And that's the key goal of the analytics if the CRO agency already shows the business model expertise.

So it's clearly a killer advantage if the agency has that, but it dramatically narrows the pool of contractors with all three components (process, e-commerce, and industry expertise).

But if the conversion optimization firm has optimized 324 clients like we have, then they most likely have experience in a similar market to you.

And even if it's from a different business model it could be even more useful as it can uncover uncommon average order value optimization tactics that your competition may be not have yet.

1. Excellence in experimentation statistics.
2. Experience of average revenue per user optimization for the most complicated cases
3. Privileged to develop A/B tests on 181 m. monthly active users.

What is a good E-commerce average order value?

The first goal of e-commerce conversion optimization process is to detect the most critical bottleneck in the funnel. Even if you've done advanced funnel analytics, cohorts, and quantitative user journey research, how do you know that your current average order value is good or bad? Obviously the critical element is to find trustworthy and most recent statistics on e-commerce average order value benchmarks in your market. Ask for e-commerce average order value average rates and a consultation on how to optimize.

 

Frequently asked questions

  • What are the best techniques to improve average order value?

    After growing a number of e-commerce customers, we understood that there is no “one-size fits all” list of top-performing techniques to optimize average order value. The key is in the combination of data analytics and UX research that results in representative conclusions on the biggest bottleneck. The universal best practices for average order value optimization are typically already utilized by competitors and no longer result in significant additional results. And the role of a conversion optimization firm is invent new tactics, utilizing experience from other markets that are not yet well-known by competitors.

  • What is the price of average order value conversion optimization services?

    This depends on the quantity of monthly traffic, user flows and conversion rates to estimate the amount of a/b tests, the needed growth and the complexity of achieving that.

  • What happens if the forecasted average order value uplift is not delivered?

    We do more experiments for free until we obtain the promised average order value uplift. This term is included in the contract and we do this anyway to further the name of one of the most respected CRO agencies.

  • What are the steps to grow e-commerce average order value?

    1. Data infrastructure audit. 2. Detect the most problematic average order value leak and get accurate and quantitative data on the cause of it. 3. Prepare an alternativeUI/UX and copy. 4. Develop an experiment and conduct detailed quality assurance. 5. Report the results!

  • How to calculate average order value uplift?

    We estimate the impact on average order value based on A/B test data. If you haven't heard of A/B testing, it's splitting the visitors between two or more variants of the same page to get a big enough sample size of the impact on the average order value. We do a data tracking health check before starting with conversion optimization, to make sure the data is valid and discuss the methodology to calculate the average order value.

  • What is average order value?

    If you are new in e-commerce then the first step is to learn not only the most critical metrics such as average order value and their formulas, but also their interrelatedness, ways, processes, tactics, strategies to grow it and the basics of data analytics, so that you're able to evaluate the results. Book a strategy session with our leading CRO managers to get detailed answers to your specific questions.

What do our customers say about us?

Ryan Newman - Marketing Director, Papaya Global (Israel)
The Conversionrate.store completely turned around our website conversion delivering an 88% increase in the total number of conversions. Their work is logical and smart, both identifying and improving existing funnels and creating new funnels for conversions delivered by excellent UX/UI. We are incredibly happy with their work and highly recommend working with them.
Papaya Global logo
Ryan Newman
Marketing Director, Papaya Global (Israel)
Ihor Hromada
Auto.ria.com (Ukraine)
We saw a 13.5% uplift in conversion rate of Auto.ria.com as a result of working with Conversion Rate Store. The first of their hypotheses was already a success. We were pleasantly surprised by the professional approach and a high level of expertise of their team.
Auto RIA logo
Ihor Hromada
Auto.ria.com (Ukraine)
Jayden V - Hunter Galloway (Australia)
Conversion Rate Store have been instrumental to our online growth, we have seen a 26% increase in visitor to lead conversions. Their pragmatic approach has completely removed the guesswork from conversion rates, and just delivered results. If you are looking to dramatically improve your conversions online, speak with Conversion Rate Store.
Hunter Galloway logo
Jayden V
Hunter Galloway (Australia)
Ariel Geifman - Head of Marketing, Syte (Israel)
We achieved 4X growth in leads with Conversion Rate Store"s team over a period of two months. They have excellent proficiency in data analysis and the creation of CRO recommendations. Highly recommend working with them.
Syte logo
Ariel Geifman
Head of Marketing, Syte (Israel)
Jayden V
Hunter Galloway (Australia).
Conversion Rate Store have been instrumental to our online growth, we have seen a 26% increase in visitor to lead conversions. Their pragmatic approach has completely removed the guesswork from conversion rates, and just delivered results. If you are looking to dramatically improve your conversions online, speak with Conversion Rate Store.
Logo Hunter Galloway
Jayden V
Hunter Galloway (Australia)
Markus - CEO, Moonmagic (USA).
Conversion Rate Store helped us to increase our ARPU by 24% (!) over the past 5 months. I highly recommend working with them, they are very data-driven and all of their recommendations have proven to be extremely helpful in scaling our business.
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Markus
CEO,
Moonmagic (USA)
Vladlena Chuvashova - Head of E-Sales & Digital at Ukraine International Airlines.
The Conversion Rate Store team identified significant user friction in the ticket booking process on Flyuia.com and provided a UX solution that generated a 24% (!) ARPU uplift.
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Vladlena Chuvashova
Head of E-Sales & Digital at Ukraine International Airlines
Yulia Shilova - Head of Marketing, Leboutique.com (Ukraine).
We achieved an 81% uplift in signups on our top-performing landing page and a 6% increase in ARPU with Conversion Rate Store.
Logo Leboutique
Yulia Shilova
Head of Marketing, Leboutique.com (Ukraine)

What other E-commerce conversion rates do you need to optimize?

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