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Analytics & Growth Help

Sales Performance Optimization

Advanced techniques to boost your sales performance and increase revenue through strategic optimization

Back to Analytics & Growth
15 min read
Updated 2024-01-15

Sales Funnel Optimization

The Sales Journey

1

Awareness

Customer discovers your products through search or recommendations

Optimize: SEO keywords, product visibility, attractive thumbnails

2

Interest

Customer views product details and considers purchase

Optimize: Product descriptions, images, pricing, reviews

3

Decision

Customer decides to purchase and completes checkout

Optimize: Checkout process, payment options, trust signals

4

Action

Customer completes purchase and becomes satisfied customer

Optimize: Order fulfillment, delivery speed, after-sale service

Pricing Strategies

Competitive Pricing

  • • Research competitor prices regularly
  • • Use dynamic pricing for competitive advantage
  • • Offer price matching when possible
  • • Highlight value proposition beyond price
  • • Monitor market trends and adjust accordingly

Psychological Pricing

  • • Use charm pricing (₦9,999 instead of ₦10,000)
  • • Show original price with discount percentage
  • • Bundle products for perceived value
  • • Create urgency with limited-time offers
  • • Use anchor pricing for premium products

Conversion Rate Optimization

Product Page Optimization

Visual Elements

  • • High-resolution product images (multiple angles)
  • • Product videos or 360° views
  • • Lifestyle images showing product in use
  • • Consistent image styling across products

Content Elements

  • • Clear, benefit-focused headlines
  • • Detailed product specifications
  • • Customer reviews and ratings
  • • FAQ section for common questions

A/B Testing Opportunities

Product Titles

Test different headline styles and keyword placement

Call-to-Action

Test button colors, text, and placement

Product Images

Test different main images and image sequences

Performance Tracking and Analysis

Key Performance Indicators

Conversion Rate:

(Orders ÷ Product Views) × 100

Average Order Value:

Total Revenue ÷ Number of Orders

Cart Abandonment Rate:

(Incomplete Checkouts ÷ Total Carts) × 100

Return on Investment:

(Revenue - Cost) ÷ Cost × 100

Customer Acquisition Cost:

Marketing Spend ÷ New Customers

Product Performance Score:

Views × Conversion Rate × AOV

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