Commerce

AOV (average order value)

Total revenue divided by number of orders. Raising it through bundles, thresholds for free delivery or upsells is often easier than winning more customers, and it directly changes how much you can afford to pay for an acquisition.


Related terms

Affiliate marketing

Paying a commission on sales made through a creator's unique link or code. Low risk because you pay on results, but it…

Conversion rate

The percentage of visitors who complete the desired action. Social traffic converts lower than search because intent i…

GMV (gross merchandise value)

The total value of goods sold through a channel before deducting commission, refunds, returns and discounts. Commonly …

In-app checkout

Completing payment inside the social app instead of on the retailer's site. It removes friction and lifts conversion, …

Live shopping

Selling during a live stream with products pinned for instant purchase. Works through demonstration, scarcity and answ…

Product catalogue

The structured feed of your products, with images, prices, stock and identifiers, connected to a platform's commerce a…

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