Cross-selling & Product Bundles
One of the ways you can use Personyze’s powerful recommendation engine is to show product bundles recommendations dynamically generated from transactional data. This type of recommendation has been proven highly effective at increasing avg. order value, and requires no insights or effort from your team to group the products together, as they are based on algorithms and crowd data from all shoppers.
Product Bundles Example: Home Appliance Website
On a home appliance store’s website, a visitor is viewing a laundry machine. Because this site is using Personyze’s dynamic Frequently Bought Together product bundle recommendations, the visitor will see several bundle options based on what other visitors with similar characteristics bought together most often, in the same transaction, or within a few days. These characteristics could be location, demographic, or other data.
Example Product Bundles:
- Laundry Machine + Filter + Extending Hose
- Laundry Machine + Dryer + On-Wheels Stand for Laundry Machine
Machine Learning for Powerful Relevance
Leveraging crowd wisdom data plus the convenience of a one-click product bundling with relevance of suggested items guaranteed by other shoppers’ habits consistently results in not only better sales, but a better shopping experience. Very often, the items that are suggested may be ones that the visitor would never have otherwise thought about needing, until after their package had already arrived. For example, a mobile microphone which requires an adapter to connect to a cell phone.
This is also a widget that gets better with time; because it’s based on machine learning, the more data that is accumulated, the more and more accurate the recommendations will become, and can be counted on to generate a significant percentage of your sales. The best part is that the engine and the shopper data are doing the work for you.
How to Set Up Product Bundle Recommendations
- Set up your product feed and interactions, if you haven’t already (one-time integration required for all recommendations).
- Select the Recommendations Campaign Wizard, and click to add a new recommendation widget.
- Select algorithm category Product Page, and
- Select Cross-Sale.
- Set whether the items recommended must be from the same cart purchase, or simply within a certain time-frame, or let the system determine the best approach at any given time.
- Set a minimum threshold of transactions before a recommendation will be shown, or by default Personyze will start after 2 users bought items together.
- Set the number of items that can be included in the bundle.
- Select the Look and Feel, using the Personyze Content Editor
- You also have to option to set up an ultra-convenient, one-click “Buy Now” button for this widget, which requires some integration with your site. By default, Personyze has integration for this feature with Shopify, Magento, and WooCommerce, you’ll just need to select the right add to cart script that allows Personyze to run, to include the current item along with the recommended cross-sell item.
- If this is too complex, simply ask the Personyze team for assistance, we can set it up for you.
Did you know?
You can also upload your past transactional data to Personyze, to give the recommendation engine a head start on achieving high relevance. This reduces the time it takes to collect the necessary data from real-time transactions tracking to make insightful product suggestions. As the Personyze team for help uploading your past transactions.
Leveraging your crowd wisdom data along with the convenient of one-click button to check out few highly relevant items that in many cases the visitor was not aware of their existence and or needed to look for them on the site increasing their likelihood to abandon makes this widget a winner, and it’s easy to implement and the best part your data do the instance and constant improvement in the product bundle recommendations presented.
Imagine going to a store where the front shelves are stocked only with products that you like, or reading a newspaper where the stories you’re interested in move to the front page.
This isn’t possible in the brick-and-mortar or print world, but with our powerful recommendations, this is easy to set up on your website.