Mathematically there are only three ways to grow any business:
- Increase the average order value (AOV)
- Increase the frequency of purchase — the number of purchases per customer (F)
- Increase the total number of customers (C)
Improving one is great; improving all three is multiplicative.
In one year if you increase each of these multipliers by 30% — which is totally doable — you’ve more than doubled your business . . . 1.3 x 1.3 x 1.3 = 220%!
This course focuses in on multiplier #1, increasing your average order size (AOV).
Introducing: The AOV Playbook
In this video course I teach you how to stack the bricks — to layer marketing campaign on marketing campaign to turn your website into an AOV-maximizing machine.
This course includes the following:
- Module 1: Pricing. Discover the single, simple tactic used by a $10B private equity fund.
- Module 2: Quantities. Costco turns bulk into billions — here’s how you can too.
- Module 3: Free shipping. Dan Ariely calls it the Power of Free — so use it to grow your top line.
- Module 4: Bundling. How businesses from Microsoft and McDonalds use product groupings to increase revenue.
- Module 5: Cross-selling. It can add money to your top-line today; the when, why, and how of cross-selling.
- Module 6: Upselling. It can add money to your top-line today; the when, why, and how of upselling.
- Module 7: Email. Achieve a significant increase in your AOV without mucking with your shopping cart.
- Module 8: Advanced Tactics. From gamification to psychological factors, I’ll walk through seven advanced tactics that will work for you when you are ready for them.