/plushcap/analysis/algolia/algolia-product-measuring-ecommerce-conversion-rates-and-revenue-with-a-profit-calculator

Estimate ecommerce ROI with our profit calculator | Algolia

What's this blog post about?

Easy access to an ecommerce store's catalog is crucial for online shoppers. Excellent Search and Discovery tools are as important as a fast checkout process in ensuring this access. Businesses invest heavily in technology to improve user engagement and conversion metrics, but many underinvest in website search capabilities. A powerful search solution can increase user sessions per month by 10% and conversion rates by 2.77%, leading to a significant rise in monthly ecommerce revenue. Aligning Search and Discovery solutions with other technologies that run an online business is essential for improving key ecommerce conversion metrics, such as sessions per month, conversion rates, and monthly revenue. Implementing fast full-text search, geo search, and filtering can reduce bounce rates and increase conversions. Advanced features and engaging search UI patterns are necessary to meet the growing need of online buyers and competitors.

Company
Algolia

Date published
Aug. 7, 2023

Author(s)
Elise Furon

Word count
1091

Language
English

Hacker News points
None found.


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