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Update: Accepting Recurring Payments on Shopify
There has been a lot of change and improvement in apps enabling recurring payments for Shopify since our last post about recurring payments. This includes new features, integrations, support, and a wider adoption of these apps on Shopify stores.
In this post, we will look at the top three recurring payment apps currently available, and do a quick comparison for things to consider while starting with any of these apps.
Create a Private Shopping Club with Shopify
You can turn your Shopify into a members-only private shopping club. This can mean requiring a free sign-up to the store before you can purchase products (like Frank & Oak) or requiring a paid membership to have the ability to browse and shop at the store (like Sam’s Club or Costco).
In this post, we will look at how to implement exclusive areas on your Shopify store through the Locksmith app.
Volume Discounts on Shopify to Increase Order Values
One way to get customers to purchase more items from your Shopify store is to offer volume discounts. Volume discounts are discounts based on the quantity of items purchased. This can be for a single product, or on the entire store. Many companies offer such discounts where, the more items you purchase, the lower the per-item price.
There are many examples of volume discounts as these can have many tiers of pricing based on quantity, or simple buy-one-get-second-half-price deals – take a look at Harry’s razors, and T-Mobile’s latest sale. In this post, we’ll look at a few advantages and pitfalls of offering volume discounts, and how to activate tiered pricing for your Shopify store.
Upsell and Cross-Sell Products on Shopify
Upsell and cross-sell opportunities on your Shopify store can boost sales and lead to a better customer experience. Upselling and cross-selling is an important way to increase average order value.
These can also improve customer and user experience on your store site by making related products easier to find. If done right, upselling and cross-selling make recommendations to customers about products they would or should have bought anyway. This ensures that customers don’t have to create a separate order for related items on your store because they weren’t aware, or search for these products on other vendor websites.
Increase Your Shopify Average Order Value
There are a few ways to improve the bottom line of your Shopify store, but each requires a different approach or resources.
While starting up a store, people typically spend most of their resources (time, money, energy) to get new customers through some form of marketing. While acquiring new customers can drive more revenue, it also increases costs. As the operations of a store mature, the complexity of running all the backend processes also increases. This includes fulfilling orders, managing logistics, providing customer support, doing inventory management, maintaining supply chain, and more.