What exactly is Recom?
Created by a team of data scientists & software developers at MonoidAI, Recom is a plug-and-play AI-based personalised recommendation engine, designed to make your upsell process as user-friendly as possible.
It adapts to real-time changes in user behaviour and makes personalized recommendations for each user to improve their experience and overall performance metrics.
Recom looks at how users interact and behave online, as well as product attributes, to suggest items that are more likely to interest them. So, instead of recommending products simply based on their category or sheer relevance, we help you dig a bit deeper and recommend products based on the user's behavior.
Driven by intelligent machine learning algorithms, Recom supports various personalization strategies that are customized for your site.
“Product recommendations account for up to 31% of ecommerce revenue”
What does Recom do
to your business?
The average human attention span has plunged to 8 seconds. It means that you have only 8 seconds to catch your customer with the products which are relevant to that particular customer.
No two customers are the same. And this is where personalised recommendation comes into play. Based on user behaviour, viewing history, past purchases you get the most relevant recommendations increasing the CTR, basket size, revenue and decreasing the abandoned carts.
We're not a big corporation that will turn your whole business around.
We only do a few things, but we do them really good.
Skyrockets Conversion Rates
Sometimes, the slightest change can have the biggest ROI. With Recom, your clients will find your product recommendations way more helpful and relevant. In turn, you will see a significant increase in conversion rates. 31% increase on average!
Increases Average Order Value
When you understand and can respond to your customers' wants & needs in real-time, you quadruple your chances of performing a successful upsell. The result? On average, our clients see an 24% increase in their sales!
Boosts Client
Retention
Personalizing your product recommendations ensures an exceptional shopping experience, which in turn creates an incentive for customers to stay with your business. Why should you care about that? On average, returning customers spend 67% more than first-timers and a 5% increase in retention can boost your profits by 25-95%!
"75.5% of businesses are getting positive ROI from personalization"
Pricing
On average, an MVP of a custom recommendation engine can cost anywhere between $5K and $20K. We offer a custom solution that can be A/B tested & integrated into your eshop today. All for a tiny fraction of a full MPV project price.
A/B test Recom for a month to see if it's a good fit for your eshop and works exactly as promised. Completely free of charge!
Get more information
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