Kissmetrics

AUGUST 6, 2021

It costs 5X less to retain a customer than it does to acquire a new one. That’s why customer retention is crucial to growing your Ecommerce business. What is customer retention? Customer retention is the ability to encourage customers to keep coming back to make purchases.

Customer Retention 302

Customer Retention Customer Payment Services BigCommerce 302

lateshipment

MAY 21, 2021

Did you know that the average Customer Retention Rate (CRR) is just around 35% for eCommerce businesses. Just take a look at these stats 65% of a company’s business can be credited to existing customers. Companies have to spend 7 times more to get a new customer than to retain an existing one.

Customer Retention 130

Customer Retention eCommerce Customer Social Media 130

lateshipment

SEPTEMBER 1, 2023

This is where the efforts taken up by brands to offer a great CX in the order delivery phase differ and have a profound impact on customer retention and revenue growth for businesses. By giving regular feedback, customers now feel heard and will more likely continue their association with your brand.

Customer Retention 130

Customer Retention Payments Payment Services eCommerce 130

Omnisend

MARCH 16, 2021

Have you ever received a product recommendation that just didn’t make sense? In ecommerce, you always want the message you send to be relevant to your customer. 4 Benefits of Personalized Product Recommendations for Ecommerce. Product recommendations are products that appear onsite, in emails, or in other marketing messages.

Recommendation 158

Recommendation Accessories eCommerce Customer 158

Groove

OCTOBER 9, 2024

Triggered emails—such as abandoned cart reminders, promotional offers, and product recommendations—encourage subscribers to take action. You can significantly increase conversion rates by sending cart abandonment emails within an hour of when customers leave your site. Example: Timing is key.

Marketing 364

Marketing Customer Customer Retention Recommendation 364

Retail TouchPoints

DECEMBER 17, 2021

Omnichannel platforms are meant to limit disruption and simplify the customer experience, as well as grow and change with your business. In fact, we recommend you don’t. Start by analyzing what’s working and what isn’t for your team and customers. Omnisend , 2020) Omnichannel shoppers have a 30% higher lifetime value.

Omnichannel 328

Omnichannel Multichannel Multi-channel Customer Retention 328

Omnisend

JULY 21, 2020

As mentioned, knowing what they’ve purchased in the past also allows you to segment based on what kinds of products they purchased, and offer recommendations for similar and complementary products. You can’t win back every lapsed-purchaser, but the ones you do may just become life-long loyal customers. Get My Demo.

Customer Retention 143

Customer Retention Customer Demo Channel 143

lateshipment

MARCH 25, 2025

To encourage customers to spread the word about your business, ensure they receive high-quality customer support and are engaged regularly. You can also explore offering referral programs to your customers to encourage them to recommend you to their friends and family.

Shipping Costs 130

Shipping Costs Shipping Payment Services eCommerce 130

Forrester eCommerce

JULY 25, 2023

Hardly any of the executives who include customer experience (CX) metrics in their quarterly earnings calls do it well. Forrester recommends avoiding CX metrics entirely.

Customer Retention 195

Customer Retention Customer Experience Recommendation Customer 195

Omnisend

FEBRUARY 8, 2021

Add personalized product recommendations – customers are 2.6x more likely to convert when presented purchase-history based recommendations! Be mindful that subtlety is key as you don’t want to put off any customers with one-for-all types of blasts. Start My Free Trial.

Customer Retention 97

Customer Retention Improvements Customer Channel 97

lateshipment

MAY 28, 2020

It costs as much as seven times more to acquire a new customer than to retain an existing one. Also, an existing customer will buy more from you and recommend your business more than a new customer will. It costs around seven times more to acquire a new customer than to retain an existing one.

Shipping Costs 246

Shipping Costs Customer Retention Shipping Small Business Retail 246

Smile.io

FEBRUARY 24, 2023

As we enter a period of economic uncertainty, one thing will be more important than anything else for small business owners–customer retention. When customers are spending less on discretionary purchases, it’s important to emphasize loyalty. What is customer retention?

Customer Retention 87

Customer Retention Customer Social Media Merchant Services 87

lateshipment

MARCH 7, 2025

Take the time to segment your audience and customize your communication to their specific interests and purchase history. Use their name, reference past purchases, and offer relevant recommendations. Personalized recommendations simply double the chances of that happening.

Shipping Costs 130

Shipping Costs Customer Retention Reference eCommerce 130

Smile.io

MAY 1, 2023

Customer retention is a key element in making sure your ecommerce business is sustainable and in business for the long term. Without repeat customers, your business won’t have the base it needs to grow. 🛍️ Customer retention is about keeping loyal customers, as opposed to recruiting new ones.

Customer Retention 77

Customer Retention Customer Customer Loyalty Merchant Services 77

Omniconvert

SEPTEMBER 29, 2021

Discover the best tactics you can use to increase customer retention recommended by an eCommerce Strategist and start improving your on-site retention strategy. The post Best Tactics to Increase Customer Retention selected by an eCommerce Strategist appeared first on Omniconvert Ecommerce Growth Blog.

Customer Retention 78

Customer Retention eCommerce Customer Recommendation 78

Kissmetrics

DECEMBER 11, 2022

Behavioral marketing is designed to act on those choices with the kind of engagement that increases conversion rates, grows profits , and vastly improves customer retention. These are the unexpected but highly welcomed emails that encourage better customer retention. The Recommendation Email.

Marketing 275

Marketing Customer Retention White Paper Download 275

Kissmetrics

MARCH 29, 2018

However, according to the Adobe Digital Index Report , returning customers make up 40% of revenues whilst representing only 8% of visitors. This tells us there’s a huge opportunity to increase customer retention rates further to support revenue growth. Why would a customer come back? It’s important to set the scene.

Customer Retention 205

Customer Retention Customer eCommerce Merchant Services 205

Kissmetrics

FEBRUARY 22, 2021

Customer retention isn’t just another vanity metric. The longer a customer stays with your business, the more revenue they generate. In financial services, a 5 percent increase in retention results in a 25 percent increase in profits. How Establishing an Involvement Level Impacts Customer Retention.

Customer Retention 279

Customer Retention Document Improvements Information 279

BigCommerce

SEPTEMBER 21, 2018

After all that, there are some final factors you need to consider when calculating commissions, including customer retention and lifetime value. Know your customer retention rate. Your customer retention rate will play an important factor in the commissions you can offer.

eCommerce 344

eCommerce Customer Retention Payments Management 344

Omnisend

APRIL 28, 2021

Enter retention marketing—the difference between constantly struggling to attract first-time buyers and comfortably selling to loyal customers. Many will often reference impressive numbers with retention marketing, like how increasing customer retention by 5% leads to a 25% to 95% boost in profits. Post-Purchase.

Marketing 196

Marketing Customer Retention eCommerce Merchant Services 196

Retail TouchPoints

APRIL 5, 2024

And marketers with a strong data foundation can create a seamless synergy between their CDP and MMH systems, fostering real-time communications that move at the speed of the customer’s interaction with the brand. Pini Yakuel is the Co-founder and CEO of Optimove , a customer-led marketing platform. It ensures personalized messaging.

Retail 312

Retail Games Multi-channel Leisure 312

BigCommerce

JUNE 13, 2017

When a new potential customer comes to your site, it is better that they come at the recommendation of a friend rather than through an ad. Because social proof is incredibly valuable, and people believe that brands they are recommended to are better than others –– often even if they aren’t. Final Word.

Shipping Costs 417

Shipping Costs Customer Customer Loyalty Social Media 417

Optimizely

DECEMBER 20, 2018

Those filters stay in place every time a customer visits the site as a signed-in user. The site then offers hyper-personalized recommendations based on these filters and keeps buyers coming back for more. Glambot: Focus on customer retention.

Online Retail 259

Online Retail Marketing Retail Fashion 259

lateshipment

JULY 17, 2020

Why focus on customer retention , and not just increasing the number of new visitors? But returning customers can become influential online ambassadors for your organization. Personalization has proven to work for customer retention: It’s easy to get lost in the big wide web. Think Ahead. Make It Personal.

Customer 237

Customer Shipping Costs eCommerce Customer Retention 237

Retail TouchPoints

JANUARY 23, 2024

The positive vibe of the show was largely driven by retail executives’ obvious eagerness to explore which new technologies would help them maximize customer retention and business growth in 2024. Risk assessment is a muscle [that finance people have to develop],” said Dayna Quanbeck, CFO and COO for Rothy’s.

ACH 285

ACH Multi-channel Technology Customer Retention 285

Groove

NOVEMBER 12, 2020

Modern-day businesses will struggle to be successful if they don't understand who their customers are. Understanding your customers and your audience is at the core of inbound marketing , which is the ideology of attracting, engaging and delighting customers. Identify Your Customers' Biggest Pain Points.

Customer Experience 258

Customer Experience Improvements Customer Social Media 258

Retail TouchPoints

JULY 1, 2021

It provides them with a tool to focus on current customers’ traffic vs. leveraging illegal mediums to attract new customers. Typically, customers do not mind these often non-altruistic but profitable methods of customer retention. Why does customer loyalty work?

Customer Loyalty 225

Customer Loyalty Customer Customer Retention X-cart 225

BigCommerce

APRIL 14, 2017

Notice you can set up as many as you would like, though 3 are recommended. Here is where you can customize the email and include coupon codes as necessary. We’ll cover the importance of this and what we recommend in a bit. The platform recommends additional products in order to cross or up-sell.

Shipping Costs 411

Shipping Costs Payments BigCommerce Payment Services 411

BigCommerce

FEBRUARY 23, 2018

It’s important to be available to customers via different channels: chat, social networking sites, and email. A personal touch could also mean implementing personalized recommendations based on recent product views or purchases. All of those recommendations are a call to community-building. Customer retention rate.

Customer Loyalty 378

Customer Loyalty eCommerce Improvements Shipping Costs 378

Groove

JULY 31, 2024

It analyzes customer interactions and metrics, such as brand perception and satisfaction, to personalize various elements of your marketing content, including: Social proof Countdown timers Discounts Product recommendations Optimizing ads so that they align with specific customer interests can have a powerful effect.

Customer Data 195

Customer Data eCommerce Marketing eCommerce Customer 195

Retail TouchPoints

JULY 10, 2023

Generative AI can dramatically improve customer experiences and drive revenue by helping shoppers find the products that most match attributes of what they’re looking for today, not just what they have purchased in the past. It leverages hyper-localized search combined with millions of product attributes to recommend products.

Merchant Services 279

Merchant Services Shipping Costs Retail Social Media 279

Retail TouchPoints

AUGUST 15, 2022

Results from Retail TouchPoints’ annual Customer Loyalty and Personalization Benchmark Report reaffirm that retailers are focused on building a strong foundation of first-party data to support their supply chain, in-store services, omnichannel marketing and experiential strategies. .

Customer Loyalty 243

Customer Loyalty Customer Retail Shipping Costs 243

Omniconvert

JULY 16, 2019

Each episode is an intriguing challenge involving an… The post Kimberly Afonso: Digital Marketing Tactics and Recommendations for E-commerce Businesses appeared first on eCommerce Growth Blog.

eCommerce 109

eCommerce Recommendation Marketing Blog 109

Kissmetrics

APRIL 21, 2021

Omnichannel e-commerce provides a better customer experience and allows your brand to take advantage of new platforms, increase customer retention rates, and boost sales. Omnichannel E-Commerce Strategies Provide a Better Customer Experience. Increase Customer Retention Rates and Sales.

eCommerce Marketing 254

eCommerce Marketing eCommerce Omnichannel Marketing 254

Omnisend

AUGUST 18, 2021

As a marketer, you’re probably well aware of the importance of a good customer retention strategy. We know that it’s easier, cheaper, and more profitable to keep an active base of loyal customers rather than constantly acquiring new ones. With this in mind, it makes sense that customer retention is high on the priority list.

Customer Retention 148

Customer Retention Customer eCommerce Customer Loyalty 148

Kissmetrics

JANUARY 17, 2022

A popular use for such messaging is product recommendations, like this one from Groupon , which focuses on pampering experiences a customer may appreciate. Product Recommendations. For example, a razor company might see you purchased a razor a few weeks ago and recommend a shaving cream. Improve Customer Retention.

Marketing 273

Marketing Recommendation Social Media Improvements 273

Retail TouchPoints

APRIL 8, 2021

A study found that referral marketing is trusted by 86% of customers, making it the most trusted form of marketing. A consumer is also 50X more likely to buy a product when it is recommended by their close friends and family. Word-of-mouth is a powerful tool that can accelerate your customer acquisition process.

Reference 207

Reference Social Media Recommendation Books 207