{"id":233,"date":"2020-08-18T01:30:10","date_gmt":"2020-08-18T08:30:10","guid":{"rendered":"https:\/\/www.medallionenterprises.com\/blog\/?p=233"},"modified":"2020-08-04T05:32:22","modified_gmt":"2020-08-04T12:32:22","slug":"are-you-using-the-power-of-three-to-boost-online-sales","status":"publish","type":"post","link":"https:\/\/www.medallionenterprises.com\/blog\/2020\/08\/18\/are-you-using-the-power-of-three-to-boost-online-sales\/","title":{"rendered":"Are You Using The Power of Three to Boost Online Sales?"},"content":{"rendered":"<p>Are you familiar with the &#8220;power of three?&#8221; Studies show that three is the sweet spot when it comes to the brain&#8217;s ability to grasp concepts.<\/p>\n<p>This principle can simplify your plans for\u00a0<a href=\"https:\/\/conversionxl.com\/blog\/3-ways-to-increase-online-sales\/\" target=\"_blank\" rel=\"noopener noreferrer\">boosting your company&#8217;s online sales<\/a>. Focus on optimizing these three opportunities for a well-rounded approach that produces steady growth.<\/p>\n<p><strong>1. Grow Your Customer Base<\/strong><\/p>\n<p>Not surprisingly, this is often the primary goal of most companies. Gaining new customers expands your reach in the marketplace and offsets attrition from accounts that drop off due to business closings and other factors.<\/p>\n<p>The trick is to set yourself apart from the competition by demonstrating that your product or service can best solve a prospect&#8217;s problem. This requires a thorough knowledge of your target audience along with compelling content on your website.<\/p>\n<p>Customer conversion is essential, but it&#8217;s the most expensive and time-consuming way to increase online sales, which is why you can&#8217;t afford to ignore the other two methods.<\/p>\n<p><strong>2. Grow Your Average Order Size<\/strong><\/p>\n<p>Once a customer makes the decision to buy from you, the hard part is over. You&#8217;ve established a level of trust that makes them willing to spend money on your product or service.<\/p>\n<p>Effective ways to increase order size include:<\/p>\n<p>\u2022 Upselling a related product, such as suggesting a belt to go with a pair of pants.<\/p>\n<p>\u2022 Offering a discount for multiple quantities.<\/p>\n<p>\u2022 Selling an upgrade to a higher level of an item, such as a cell phone with more memory.<\/p>\n<p>\u2022 Bundling similar items, much like Amazon does when they suggest an additional book on the same topic.<\/p>\n<p>\u2022 Suggesting complementary products, such as batteries to go with the kids&#8217; holiday toys.<\/p>\n<p>\u2022 Providing options for longer commitments, perhaps a one-year membership instead of one month.<\/p>\n<p>\u2022 Selling extended warranties.<\/p>\n<p>\u2022 Including a menu of add-ons.<\/p>\n<p>\u2022 Offering expedited delivery.<\/p>\n<p>\u2022 Showing products other customers have bought at the same time as the current item.<\/p>\n<p><strong>3. Grow Your Number of Repeat Sales<\/strong><\/p>\n<p>It&#8217;s a well-established truism in sales that it&#8217;s less expensive to keep existing customers than to find new ones. Satisfied customers pay benefits in repeat sales, plus they&#8217;re more likely to provide referrals.<\/p>\n<p>Promotions can play a major role in bringing past customers back for more. Send follow-up emails with coupons, sales and suggestions for similar or related products.<\/p>\n<p>Selling online doesn&#8217;t mean you can ignore customer service. It&#8217;s actually even more important, because buyers can find new suppliers from the comfort of their living room. Superior customer service is the best way to make sure your company makes a lasting impression.<\/p>\n<p><strong>The Leader in California Fulfillment Services for Online Retailers is Medallion!<\/strong><\/p>\n<p>At Medallion Fulfillment &amp; Logistics, your success is our success. Our comprehensive offering of California fulfillment services provides everything you need, from warehousing and order picking to credit card processing and shipping.<\/p>\n<p>Let our\u00a0<a href=\"https:\/\/www.medallionenterprises.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">California fulfillment services<\/a>\u00a0company handle the details so you can concentrate your time and energy on growing your online sales.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Are you familiar with the &#8220;power of three?&#8221; Studies show that three is the sweet spot when it comes to the brain&#8217;s ability to grasp concepts. This principle can simplify your plans for\u00a0boosting your company&#8217;s online sales. Focus on optimizing these three opportunities for a well-rounded approach that produces steady growth. 1. Grow Your Customer &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.medallionenterprises.com\/blog\/2020\/08\/18\/are-you-using-the-power-of-three-to-boost-online-sales\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Are You Using The Power of Three to Boost Online Sales?&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":234,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14,68,67,50],"tags":[95,82],"class_list":["post-233","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ca-fulfillment-services","category-california-fulfillment-services","category-la-fulfillment-services","category-west-coast-fulfillment-warehouse","tag-la-ecommerce-fulfillment","tag-west-coast-fulfillment-warehouse"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Are You Using The Power of Three to Boost Online Sales? - Medallion Fulfillment &amp; Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.medallionenterprises.com\/blog\/2020\/08\/18\/are-you-using-the-power-of-three-to-boost-online-sales\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Are You Using The Power of Three to Boost Online Sales? - Medallion Fulfillment &amp; Logistics\" \/>\n<meta property=\"og:description\" content=\"Are you familiar with the &#8220;power of three?&#8221; Studies show that three is the sweet spot when it comes to the brain&#8217;s ability to grasp concepts. This principle can simplify your plans for\u00a0boosting your company&#8217;s online sales. Focus on optimizing these three opportunities for a well-rounded approach that produces steady growth. 1. 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