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How To Increase Your Net Profit Margin By 10% in 10 Minutes — Idries Erfan | How to Combine Product and Service Upsells, Why Service Upsells Hit 40-60% Conversion, Why Extended Returns Increase Holiday Sales, Why Package Protection Converts 50-70% (#352)
- 2024/11/20
- 再生時間: 57 分
- ポッドキャスト
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サマリー
あらすじ・解説
In this episode of the Ecommerce Coffee Break, Idries Erfan, founder at protectmyorder.co.uk, shares actionable tips to increase net profit margins by 10% or more.
Learn how innovative service-based upsells, like stolen package protection, outperform traditional strategies and uncover quick, practical ways to optimize your Shopify store's checkout process.
Topics discussed in this episode:
- What 300+ merchant interviews revealed about profit margins in the post-iOS 14 era
- How service-based upsells reach 40-60% conversion vs traditional 2-3% product upsells
- Why stolen package protection converts at 50-70% of concerned customers
- What makes optimal upsell pricing range from 2-9% of cart value
- How merchants boost profits by 10% in under 10 minutes with protection services
- Why extended return windows drive sales during Black Friday season
- What makes carbon neutral shipping a compelling modern upsell
- How to combine product and service upsells effectively
- What A/B testing shows about optimal upsell placement
- How success-based pricing eliminates risk for merchant protection services
Links & Resources
Website: https://www.protectmyorder.com/
Shopify App Store: https://apps.shopify.com/protectmyorder
LinkedIn: https://www.linkedin.com/in/idries-erfan/
Get access to more free resources by visiting the show notes at
https://t.ly/gIP5p
SPONSORS:
Elevar – Powering Conversion Tracking For Over 6,500 D2C Brands. More Info: https://www.getelevar.com/BFCM/
Autron – The Anti-Agency for Amazon Ads. More Info: https://autron.ai/
Try Shopify: Get your first 3 months for $1/month. Earn up to $10,000 in credits: https://tinyurl.com/try-shopify
MORE RESOURCES
Download the Ecommerce Conversion Handbook for store optimization tips at https://tinyurl.com/CRO-ebook
Best Apps to Grow Your eCommerce Store: https://ecommercecoffeebreak.com/best-shopify-marketing-tools-recommendations/
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