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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)
Manage episode 451111489 series 2921256
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
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/
Become a smarter online seller in just 7 minutes
Our free newsletter is your shortcut to ecommerce success. Every Thursday. 100% free. Unsubscribe anytime. Sign up at https://newsletter.ecommercecoffeebreak.com
Rate, Review & Follow
Enjoying this episode? Help others like you by rating and reviewing my show on Apple Podcasts. Rate here: https://podcasts.apple.com/us/podcast/ecommerce-coffee-break-digital-marketing-podcast-for/id1567749422
And if you haven’t yet, follow the podcast to catch all the bonus episodes I’m adding. Don’t miss out—hit that follow button now!
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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)
Ecommerce Coffee Break - Helping You Become A Smarter Online Seller
Manage episode 451111489 series 2921256
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
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/
Become a smarter online seller in just 7 minutes
Our free newsletter is your shortcut to ecommerce success. Every Thursday. 100% free. Unsubscribe anytime. Sign up at https://newsletter.ecommercecoffeebreak.com
Rate, Review & Follow
Enjoying this episode? Help others like you by rating and reviewing my show on Apple Podcasts. Rate here: https://podcasts.apple.com/us/podcast/ecommerce-coffee-break-digital-marketing-podcast-for/id1567749422
And if you haven’t yet, follow the podcast to catch all the bonus episodes I’m adding. Don’t miss out—hit that follow button now!
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