(1) Increasing conversion rate
(2) Upsells
Test different forms of urgency/scarcity to find most effective one.
Get more/better social proof (reviews).
* AOV = $50
* Daily visits = 1,000
* Conv. rate = 1%
Then you're getting 10 orders/day.
$500 revenue.
Average order value increases 30%, so you're making $15 more per order on top of making twice as many sales.
Instead of $500/day revenue, you're at $1,300.
Just by doing two simple things that can take less than 3 hours.
FIN.