The Tinder of online shopping: Next-level product recommendations with Skafos.ai's Michael Prichard

It’s a simple concept really - people want to buy things that other people have already bought and have given their approval. Good recommendations for a product means more people will buy, and bad reviews mean the product might flop. But here’s the thing: As an ecommerce business, you almost certainly need to have product recommendations available because of these stats: 

• 54% of retailers reported product recommendations as the key driver of the average order value in the customer purchase. 
• 75% of customers are more likely to buy based on personalized recommendations.
• 37% of shoppers that clicked a recommendation during their first visit returned, compared to just 19% of shoppers that didn't click a recommendation

So as an ecommerce company, how do we leverage product recommendations to maximize conversions and order size?

Today we welcome Michael Prichard, CEO of Skafos.ai, to tell us about a new way to do product recommendations.

Deal Closers is hosted by Izach Porter and is produced by Earfluence.

Hosted on Acast. See acast.com/privacy for more information.