Personalize Product Recommendations
Posted: Mon Dec 23, 2024 4:40 am
Best Buy makes more than half of its profits from selling extended warranties.
Car dealerships, on average, make 40% of their profits through financing.
eCommerce stores have a huge opportunity to dupli cell phone lists for sale cate these strategies in their business models. Consumer Affairs report that, on average, retailers are making 200% profit on warranties that they sell. This strategy is especially effective in commoditized markets, where margins are thin.
Too many companies limit their recommendations to simple category affinities.
Instead, you want to personalize recommendations based on a shopper's engagement with your site, both past and present. Product recommendation engines like Barilliance use visitor behavior, and predict which items they are most likely to purchase.
Our customers attribute as much as 31% of revenue to recommendations and see a ridiculous 550% increase in conversion rate. Here, a customer of ours is displaying multiple recommendation types on the product page to maximize AOV.
Car dealerships, on average, make 40% of their profits through financing.
eCommerce stores have a huge opportunity to dupli cell phone lists for sale cate these strategies in their business models. Consumer Affairs report that, on average, retailers are making 200% profit on warranties that they sell. This strategy is especially effective in commoditized markets, where margins are thin.
Too many companies limit their recommendations to simple category affinities.
Instead, you want to personalize recommendations based on a shopper's engagement with your site, both past and present. Product recommendation engines like Barilliance use visitor behavior, and predict which items they are most likely to purchase.
Our customers attribute as much as 31% of revenue to recommendations and see a ridiculous 550% increase in conversion rate. Here, a customer of ours is displaying multiple recommendation types on the product page to maximize AOV.