What is attach rate?

Attach rate refers to the ratio of the number of complementary goods or services sold to each primary product sold.

For example, sales of cell phone protective cases relative to cell phones sold, or sales of travel insurance relative to the number of flights booked with an airline.

This term is relevant in finance and helps measure the effectiveness of cross-selling strategies. It is important to understand the context, such as market conditions and business strategies, to correctly interpret the attach rate.

Version:
27/9/24