Average order value is the average amount spent per transaction. Increasing AOV is one of the fastest ways to grow revenue without increasing traffic or customer acquisition costs.
Calculating AOV
AOV = Total Revenue / Number of Orders
Why AOV Matters
- Directly increases revenue per customer
- Improves marketing efficiency
- Can offset shipping and fulfilment costs
- Increases profitability without acquisition spend
Strategies to Increase AOV
View AOV Tactics
Free Shipping Thresholds: "Free shipping over £50" encourages larger orders
Product Bundling: Sell complementary items together at slight discount
Upselling: Suggest premium versions of products
Cross-Selling: Recommend related items
Volume Discounts: "Buy 2, save 10%"
Gift with Purchase: Free item when spending over threshold
Financing Options: Buy now, pay later reduces price friction
Where to Implement
- Product pages (recommendations)
- Cart page (upsells, thresholds)
- Checkout (last-chance offers)
- Post-purchase (email offers)
Testing AOV Tactics
Monitor conversion rate alongside AOV. An aggressive upsell that increases AOV but reduces conversions may not improve overall revenue.