average order value
also referred to as: aov
2 statements across 1 episodes · 1 bullish · 0 bearish · 2 people on the record · first statement Jun 4, 2022 by Aadit Palicha · across every show →
Everything said about average order value, oldest first
Jun 4, 2022
Palicha: Gross profit per order does not correlate with average order value
“So gross profit per order isn't always correlated with AOV per order. Because if you have a high benefit of fresh fruits and vegetables, the average selling price of fresh fruits and vegetables will be lower. But the amount of margin that you make will be much…”
Jun 4, 2022 positive
Wenzel: Higher average order value drives quick-commerce profitability better than fees
“The increase in AOV, the increase in average order value, how much you get customers to Do not, to not only order like one or two items, but indeed order like five, 10, 15 items per order has a significantly higher impact on profitability than charging like an…”