Investing in better search functionality is one of the most impactful improvements you can make to your e-commerce platform. This guide will help you calculate and track the ROI of search improvements.
Search ROI measures the financial return generated from improvements to your product search functionality compared to the costs of implementation.
Basic ROI = (Financial Gain - Investment Cost) / Investment Cost × 100
Consider both revenue gains and cost savings: - Increased conversions and AOV - Reduced support costs - Improved operational efficiency
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