• 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)

  • Nov 20 2024
  • Length: 57 mins
  • Podcast

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)

Listen for free

View show details

  • Summary

  • 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/

    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!



    Show More Show Less
Show More Show Less

What listeners say about 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)

Average Customer Ratings

Reviews - Please select the tabs below to change the source of reviews.

Audible.com.au reviews

Amazon Reviews
No Reviews are Available
In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.