To cover both tactics because it’s the database selling companies in malaysia far more common term (and it’s what you’ll see most plugins and features use). Picture database selling companies in malaysia showing a storefront WHY UPSELL DIGITAL PRODUCTS OVER PHYSICAL database selling companies in malaysia PRODUCTS? Simple. It’s all about margin. Digital products are great to upsell next to physical products, as their sales margins are much higher. It’s common for ecommerce stores selling physical products to offer add-on items at a discount to encourage the customer to purchase.
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Any discount eats into your database selling companies in malaysia profits even more. Digital products, however, have a nearly 100% net profit margin. They can database selling companies in malaysia be sold an infinite number of times and cost almost nothing to distribute, making them the perfect product for ecommerce stores to offer alongside their physical products. Consider this scenario: database selling companies in malaysia Your store has an average order value (AOV) of $100. A typical profit margin of 30% leaves you $30 in profit on an average order. You have two choices for
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A $30 physical product database selling companies in malaysia A $30 digital guide (at a 100% profit margin). Upselling the physical product nets you a $39 profit — only $9 more than you would have made otherwise. Offering the digital guide will increase the profit to $60, effectively doubling your profits with the same order value. That’s the power of digital upsells. So, what kinds of digital products should you offer?