How to Measure the Success of Product Recommendations?
Measuring the success of your product recommendations is crucial for continuous improvement. Key metrics to track include:
Click-Through Rate (CTR): The percentage of recipients who clicked on a recommended product. Conversion Rate: The percentage of recipients who made a purchase after clicking on a recommendation. Average Order Value (AOV): The average amount spent by customers influenced by your recommendations. Engagement Rate: Overall interaction with the email, including opens and clicks.