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   <title><![CDATA[Tips &amp; Trick - Average Order Amount : This is the second of a series...]]></title>
   <link>https://forum.productcart.com/tips-trick-average-order-amount_topic47_post98.html#98</link>
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    <![CDATA[<strong>Author:</strong> <a href="https://forum.productcart.com/member_profile.asp?PF=1">ProductCart</a><br /><strong>Subject:</strong> 47<br /><strong>Posted:</strong> 21-November-2005 at 8:57pm<br /><br /><P>This is the second of a series of <strong><FONT color=#000000>Tips &amp; Tricks</FONT></strong> that we regularly publish to this Fourm. Today we will look at&nbsp;some ideas on how to <U>increase your sales by focusing on the average size of the orders</U> you&nbsp;receive.&nbsp;As you well know, there are three ways to increase sales on your store:</P><OL><LI>Increasing the number of orders <LI>Increasing the average size of the orders <LI>Reducing the amount of returns</LI></OL><P>Let's focus on (2).&nbsp;The&nbsp;<strong>Average Order Amount</strong> is a key&nbsp;factor in growing sales on your store, and it's something that you can work on right away.</P><DIV></DIV><DIV>The average order amount can be calculated as simply as TOTAL SALES / NUMBER OF ORDERS for a certain period of time. The <EM>View Sales by Date</EM> report in ProductCart provides that figure.</DIV><DIV>&nbsp;</DIV><DIV>A common way to increase sales on your store is to invite customers to spend an amount that exceeds that figure. You can do so by providing them with a visible incentive to place an order that goes over that amount. Take a look at how Gap.com does this.</DIV><DIV>&nbsp;</DIV><DIV align=center><IMG src="http://www.earlyimpact.com/newsletter/images/ei_tips_tricks2_gap.gif" border="0"></DIV><DIV align=center>&nbsp;</DIV><DIV align=left>To set up this kind of promotion in ProductCart, take the following steps:</DIV><OL><LI><DIV align=left>Log into your Control Panel and navigate to "Specials/Discounts &gt; Discounts By Code".</DIV><LI><DIV align=left>Click on "Add New Discount"</DIV><LI><DIV align=left>Enter a description for your discount (e.g. 15% Off orders over $100) and an easy to remember discount code (e.g 15off).</DIV><LI><DIV align=left>Under "Type of Discount", select the discount you want to create (e.g. a 15% discount).</DIV><LI><DIV align=left>The key is the "<strong>Order Amount</strong>" filter. Make sure that you set the discount code so that it can <U>only</U> be applied to&nbsp;orders whose total&nbsp;is higher than the average order amount you obtained from the <EM>View Sales by Date</EM> report.</DIV><LI><DIV align=left>Configure the Status, Expiration and other Parameters as you wish (see the ProductCart User Guide for details).</DIV><LI><DIV align=left>Make a few edits to the graphical interface of your store so that the new discount code is visible to customers. For example, look at how the 15% Off promotion is highlighted on this <A href="http://www.earlyimpact.com/productcart/demos/standard/index.asp" target="_blank">demo store &gt;&gt;</A></DIV><LI><DIV align=left>Mention the new discount code in newsletters, marketing material, etc.</DIV><LI><DIV align=left>You're done!</DIV></LI></OL><P align=left>If this kind of promotion is done right, you should start seeing a measurable increase in the Average Order Amount on your store. Use this Forum to share your experiences with other ProductCart users.</P><span style="font-size:10px"><br /><br />Edited by earlyimp - 21-November-2005 at 9:30pm</span>]]>
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