{"id":338,"date":"2022-03-15T17:46:23","date_gmt":"2022-03-15T17:46:23","guid":{"rendered":"https:\/\/www.getwiser.ai\/blog\/?p=338"},"modified":"2022-05-13T13:20:30","modified_gmt":"2022-05-13T13:20:30","slug":"display-product-recommendations-filtered-by-profit-margin","status":"publish","type":"post","link":"https:\/\/www.getwiser.ai\/blog\/display-product-recommendations-filtered-by-profit-margin\/","title":{"rendered":"[New Feature] Display Product Recommendations Filtered by Profit Margin"},"content":{"rendered":"<p><em>Now display product recommendations by profit margin.<\/em><\/p>\n<p>Personalized product recommendations are typically displayed based on a visitor\u2019s browsing behavior, product interests and preferences, and other parameters that indicate what they want to purchase or are interested in purchasing.<\/p>\n<p>The sequence in which the products hence get displayed are consumer-driven.<\/p>\n<p>While that\u2019s a good thing, it may not entirely be the best for your profit margin!<\/p>\n<p>Imagine recommending a product that gets you the highest profit margin at the end of the widget scroll &#8211; the visitor is the least likely to discover it!<\/p>\n<p>That\u2019s why we\u2019re giving you control.<\/p>\n<p>You can now choose to display product recommendations filtered by margin in all our widgets.<\/p>\n<p>Introducing &#8211; <strong>Display product recommendations in descending order of profit margin<\/strong>.<\/p>\n<h1 id=\"what-does-descending-order-of-profit-margin-mean\"><a id=\"post-338-_3rc4zdj5nocc\"><\/a>What does descending order of profit margin mean?<\/h1>\n<p>It means displaying the product that gets you the highest margin from the selling price first, and then consecutively showing the next set of products moving to a lower value of margin. So the products are arranged in such a way that the product with the largest value of margin gets displayed first to the lower margin product displayed at the end.<\/p>\n<p>Here\u2019s an example of the same:<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" width=\"2048\" height=\"829\" class=\"wp-image-339 aligncenter\" src=\"https:\/\/www.getwiser.ai\/blog\/wp-content\/uploads\/2022\/03\/word-image-5.png\" srcset=\"https:\/\/www.getwiser.ai\/blog\/wp-content\/uploads\/2022\/03\/word-image-5.png 2048w, https:\/\/www.getwiser.ai\/blog\/wp-content\/uploads\/2022\/03\/word-image-5-300x121.png 300w, https:\/\/www.getwiser.ai\/blog\/wp-content\/uploads\/2022\/03\/word-image-5-1024x415.png 1024w, https:\/\/www.getwiser.ai\/blog\/wp-content\/uploads\/2022\/03\/word-image-5-768x311.png 768w, https:\/\/www.getwiser.ai\/blog\/wp-content\/uploads\/2022\/03\/word-image-5-1536x622.png 1536w, https:\/\/www.getwiser.ai\/blog\/wp-content\/uploads\/2022\/03\/word-image-5-380x154.png 380w, https:\/\/www.getwiser.ai\/blog\/wp-content\/uploads\/2022\/03\/word-image-5-800x324.png 800w, https:\/\/www.getwiser.ai\/blog\/wp-content\/uploads\/2022\/03\/word-image-5-1160x470.png 1160w\" sizes=\"auto, (max-width: 2048px) 100vw, 2048px\" \/><\/p>\n<h2 id=\"how-to-set-up-display-product-recommendations-in-descending-order-of-profit-margin\"><a id=\"post-338-_wpd639pa9nhk\"><\/a>How to set up Display Product Recommendations In Descending Order of profit margin?<\/h2>\n<p>1. Log into <strong>Shopify admin &gt; WISER<\/strong><\/p>\n<p>2. From the left-hand side menu, <strong>Select &gt; Recommendations<\/strong> &gt; <strong>Choose the widget<\/strong> you want to implement this feature on<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-340 aligncenter\" src=\"https:\/\/www.getwiser.ai\/blog\/wp-content\/uploads\/2022\/03\/word-image-6.png\" width=\"312\" height=\"510\" srcset=\"https:\/\/www.getwiser.ai\/blog\/wp-content\/uploads\/2022\/03\/word-image-6.png 520w, https:\/\/www.getwiser.ai\/blog\/wp-content\/uploads\/2022\/03\/word-image-6-184x300.png 184w, https:\/\/www.getwiser.ai\/blog\/wp-content\/uploads\/2022\/03\/word-image-6-380x621.png 380w\" sizes=\"auto, (max-width: 312px) 100vw, 312px\" \/><\/p>\n<p>3. Activate the widget you want to display to store visitors<\/p>\n<p>4. <strong>Reach out to us for set up<\/strong><\/p>\n<p>Since this is a custom feature and requires a bit of coding to set up on your Shopify store, you will need to reach out to our ecommerce experts to place a request.<\/p>\n<p>Don&#8217;t worry, we reply within 24 hours and will make sure the feature is set up on your store in no time!<\/p>\n<h2 id=\"what-can-you-use-this-feature-for\"><a id=\"post-338-_l26uic528gwn\"><\/a>What can you use this feature for?<\/h2>\n<ul>\n<li>To promote products that get you higher profit margins<\/li>\n<li>Increase your average order value of products<\/li>\n<li>Boost overall business revenue<\/li>\n<\/ul>\n<h2 id=\"why-should-you-arrange-product-recommendations-in-descending-order-of-profit-margin\"><a id=\"post-338-_17vc61ec7rle\"><\/a>Why should you arrange product recommendations in descending order of profit margin?<\/h2>\n<p>After running several A\/B tests on how consumers interact with product recommendations, we found that more than 50% of visitors click on the first item.<\/p>\n<p>We also found that an increasing number of people choose to \u2018feel\u2019 that this product is the \u2018best suited\u2019 for them, making them more likely to purchase it.<\/p>\n<p>Simply put, this feature in the WISER product recommendation app leverages consumer psychology to drive the desired action from a visitor.<\/p>\n<p>Ready to see how this works?<\/p>\n<p><a href=\"https:\/\/apps.shopify.com\/recommended-products-wiser\" target=\"_blank\" rel=\"noopener\">Install the WISER app today<\/a> or <a href=\"https:\/\/getwiser.ai\/\" target=\"_blank\" rel=\"noopener\">book a demo<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Now display product recommendations by profit margin. Personalized product recommendations are typically displayed based on a visitor\u2019s browsing&hellip;\n","protected":false},"author":7,"featured_media":342,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":{"0":"post-338","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-product-update"},"_links":{"self":[{"href":"https:\/\/www.getwiser.ai\/blog\/wp-json\/wp\/v2\/posts\/338","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.getwiser.ai\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.getwiser.ai\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.getwiser.ai\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.getwiser.ai\/blog\/wp-json\/wp\/v2\/comments?post=338"}],"version-history":[{"count":4,"href":"https:\/\/www.getwiser.ai\/blog\/wp-json\/wp\/v2\/posts\/338\/revisions"}],"predecessor-version":[{"id":556,"href":"https:\/\/www.getwiser.ai\/blog\/wp-json\/wp\/v2\/posts\/338\/revisions\/556"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.getwiser.ai\/blog\/wp-json\/wp\/v2\/media\/342"}],"wp:attachment":[{"href":"https:\/\/www.getwiser.ai\/blog\/wp-json\/wp\/v2\/media?parent=338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.getwiser.ai\/blog\/wp-json\/wp\/v2\/categories?post=338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.getwiser.ai\/blog\/wp-json\/wp\/v2\/tags?post=338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}