In theory it looks like the equation makes sense, but it's not really logical. In the real world, it's not the quantity of traffic but also the quality. You can bring millions of poor people without money to the store and sales will still be the same. And in this case no matter what you change inside your store or the upselling/cross selling techniques you use, you will suddenly have a conversion rate (CR) of almost zero. Or on the other hand, if the quantity of traffic remains unchanged, but you bring other kind of people with money, then without doing nothing else to the store, the CR can even double, and so your total sales.
@@RetailDogma haha ofcourse :) i don't mean you have a bad accent, you speak proper English without faking any American or British accents. I also prefer doing the same. Bravo, Great work!
![I.N "HALLUCINATION" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/n5B5q1Hwt_U/mqdefault.jpg)
Take our comprehensive Retail Math Course www.retaildogma.com/courses/retail-math-fundamentals/
Perfect 👍🏻
Short and clear ❤
Thank you dear so much
You're welcome, Aid! Thank you for your comment!
Thanks for the Great work. Highly appreciated
Our pleasure! Thank you for your comment
Thqnk you for your valuable video
Thanks for watching!
well explained and easy thanku
Thanks Abdul Raza!
Many thanks🌹
You're welcome🌹
Thank you
You're welcome! Thanks for watching!
Keep going and make more video's
Thank you! Will do!
In theory it looks like the equation makes sense, but it's not really logical.
In the real world, it's not the quantity of traffic but also the quality. You can bring millions of poor people without money to the store and sales will still be the same. And in this case no matter what you change inside your store or the upselling/cross selling techniques you use, you will suddenly have a conversion rate (CR) of almost zero.
Or on the other hand, if the quantity of traffic remains unchanged, but you bring other kind of people with money, then without doing nothing else to the store, the CR can even double, and so your total sales.
ATV :?
Average Transaction Value aka AOV: Average Order Value
The beat is annoying
Thank you so much
You are most welcome!
I can bet the speaker is Egyptian
and proud :)
@@RetailDogma haha ofcourse :) i don't mean you have a bad accent, you speak proper English without faking any American or British accents. I also prefer doing the same. Bravo, Great work!