Kissmetrics

APRIL 20, 2021

Understanding the finances behind your business can help you increase your profits, cut back on expenses, and operate more smoothly. A contribution margin ratio is the difference between sales and variable costs within a company. The difference will then get used for fixed costs, like rent and insurance.

Shipping Costs 269

Shipping Costs Shipping Accessories Improvements 269

BigCommerce

JUNE 13, 2017

And you can clearly see this particular brand is heavily focused on increasing returning customer spend. . This is because earn net new customers is expensive. It also means your customer lifetime value is low (which decreases how much you will be willing to spend on advertising –– and thus will limit your ad visibility).

Shipping Costs 417

Shipping Costs Customer Customer Loyalty Social Media 417

Retail TouchPoints

SEPTEMBER 13, 2023

These sorts of requests — known as chargebacks — are very expensive and time-consuming for all parties involved. In fact, there are roughly 615 million chargebacks happening every year and the average chargeback costs $191, which amounts to $117.46 billion per year. The issue is clear to see. Mittal joined Mastercard in 2014.

Shipping Costs 277

Shipping Costs Payment Services Banking Retail 277

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

Retail TouchPoints

JANUARY 29, 2024

Finding Partners to Tackle Fulfillment Complexities These developments are part of a larger trend of outsourcing fulfillment’s last mile, traditionally the most expensive leg of the product’s journey, to partners that specialize in mastering its complexities. The percentage using third-party companies also rose, from 29% to 38%.

Fulfillment 289

Fulfillment Shipping Costs Omnichannel Retail 289

BigCommerce

AUGUST 8, 2017

While there are hundreds of different marketing strategies, only one can bring in consistent sales from day one. For modern ecommerce sites, the ability to immediately and consistently bring in new customers is a HUGE deal. Want some expert help – for no additional cost? Free shipping. How Facebook Advertising is Priced.

Social Media 420

Social Media Shipping Costs Multi-channel B2B 420

Omnisend

JUNE 8, 2021

However, every ecommerce merchant reaches a tipping point where it makes more sense to focus on retention. Of course, creating a customer retention strategy is easier said than done—unless you have data to back it up. In this piece, we’ll cover what it means to create a data-driven customer retention strategy.

Customer Retention 148

Customer Retention Customer Merchant Services Recommendation 148

Retail TouchPoints

JANUARY 3, 2024

The Cost of Maintaining the Returns Status Quo The existing fragmented and outdated returns process carries significant costs for retailers, both in financial terms and in customer satisfaction. Retailers must recognize that an efficient returns process is not just a cost-saving measure but also a growth strategy.

Retail 278

Retail Shipping Costs Improvements Customer Experience 278

lateshipment

FEBRUARY 28, 2025

Exchanges streamline the process by allowing customers to swap items without disrupting sales. Both options enhance customer retention while minimizing the financial impact of returns on your eCommerce business. Gift Cards Gift cards offer convenience and flexibility for both e-commerce businesses and customers.

Definition 130

Definition eCommerce Customer Retention Shipping Costs 130

Retail TouchPoints

AUGUST 28, 2023

For the back-to-school season, 42% of consumers say they are spending more, but 57% are trading down for lower prices,” said Caila Schwartz, Director of Consumer Insights and Strategy for Retail and Consumer Goods at Salesforce during an Aug. (measured from July’s Prime Day through mid-August). 22, 2023 briefing.

Shipping Costs 246

Shipping Costs Fulfillment Gifts Consumer 246

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. In the long run, this leads to operational efficiency, cost savings, and improved customer experiences.

Customer Retention 130

Customer Retention Payments Payment Services eCommerce 130

lateshipment

FEBRUARY 23, 2025

Lets just say you might find yourself drowning in a sea of disgruntled customers and lost profits. In this article, well break down everything from the nuts and bolts of the returns process to best practices, challenges, and savvy strategies. What is Returns Management? Collecting the Returned Product Now comes the logistics.

Management 130

Management eCommerce Shipping Costs Shipping Labels 130

lateshipment

APRIL 10, 2025

It’s trusted not just for building storefronts but for supporting everything that happens after a sale: shipping, fulfillment, and, yes, returns. It doesn’t matter where you sell or how you ship. Customers will send things back. If it qualifies, you approve the return and send shipping instructions.

Shopify 130

Shopify Management Shipping Costs Merchant Services 130

BigCommerce

FEBRUARY 23, 2018

For instance, if you spent $5 to earn a customer and you know that over the course of that customer’s lifetime with your brand, they will likely spend about $100, that’s a great lifetime value to churn (or cost to acquire a customer) ratio ( LTV to CAC ). Acquire new customers. Reduce advertising costs.

Customer Loyalty 378

Customer Loyalty eCommerce Improvements Shipping Costs 378

Retail TouchPoints

JULY 10, 2023

And because the models are trained on retailer data, the AI ensures the new designs generated are more appealing to customers and better suited to market demand.  Automatic price optimization. Consumers today are continuously looking for the best prices before making a purchase decision. Assistive customer service.

Merchant Services 279

Merchant Services Shipping Costs Retail Social Media 279

Omnisend

DECEMBER 1, 2021

As an ecommerce vendor, there’s nothing you can do to avoid shipping delays. We’ll also give you a basic shipping delay email template to help you communicate delays to customers. Managing customer expectations. An example of Amazon’s shipping delivery estimate. Shipping delay communication examples.

Shipping Costs 158

Shipping Costs Shipping Information Order Fulfillment 158

Smile.io

SEPTEMBER 19, 2023

In the ever-evolving landscape of ecommerce, building a profitable pricing strategy is like orchestrating a symphony that can significantly impact your success. Nowhere is this more evident than on popular online marketplaces, where the art of pricing can make or break your business.

Shipping Costs 94

Shipping Costs Merchant Services Arts Shopify 94

lateshipment

APRIL 26, 2022

The importance of a quality shipping experience in e-commerce cannot be stressed enough. This is primarily due to the fact that the post-purchase (shipping + delivery) takes up 50% of the overall delivery experience. You need to make sure that you don’t be like them because your customers will still blame you for shipping issues.

eCommerce 130

eCommerce Shipping Costs Shipping Multi-channel 130

Retail TouchPoints

JULY 26, 2023

Retailers can no longer turn a blind eye to the reality that today’s increasingly online shoppers are savvier than ever and quick to make snap judgements about brands for as little as delayed shipping. From order placement to shipping notifications, consumers demand regular updates about their orders or returns.

Fulfillment 240

Fulfillment Operations Shipping Costs Order Fulfillment 240

Kissmetrics

MARCH 29, 2018

This tells us there’s a huge opportunity to increase customer retention rates further to support revenue growth. The same report found that returning customers are nine times more likely to place an order than new customers. In my experience, high growth merchants have healthy customer retention rates.

Customer Retention 205

Customer Retention Customer eCommerce Merchant Services 205

Kissmetrics

MARCH 23, 2018

Some may tell you that even if you can’t compete with their scale, you can compete in other ways, like offering competitive discounts and free shipping for your own customers. But in terms of product pricing, you still probably can’t offer a better deal to your customers than the price they could find on Amazon.

eCommerce 210

eCommerce Shipping Costs Subscription Payment Services 210

Retail TouchPoints

APRIL 12, 2023

The challenge with ordering too much food is that shipping is expensive and often unreliable with supply chain troubles, and warehouse space is a very limited resource. Grocers that convince customers to become loyalty card holders, for example, will achieve levels of customer retention that restaurants don’t often see.

Retail 264

Retail Shipping Costs Supplies Customer Retention 264

Groove

FEBRUARY 24, 2020

Be sure to implement the following, if you're not already, into your eCommerce strategy: Place key information above the fold. Using a clean, minimalist design is one great strategy to capture attention and draw a visitor's eyes to your key information. How much is it going to cost me? Display a unique value proposition.

eCommerce 291

eCommerce Mobile Information Customer Retention 291

Groove

JULY 24, 2022

Shipping: The client’s primary technical requirement was the ability for consumers to purchase Dippin’ Dots online. In an eCommerce environment, the product must be shipped and packed with frozen carbon dioxide, also known as dry ice. Finding a way to engage with customers, however, can be a challenging task for merchants.

BigCommerce 195

BigCommerce Customer Retention Shipping Costs Shipping 195

Ecommerce Platforms

DECEMBER 4, 2017

When you own an online or retail store, the question isn't if you're going to implement omni channel strategies. Therefore, all businesses can benefit from going omnichannel, and that's why we want to outline several omnichannel strategies used by well-known brands. How to Adopt This OmniChannel Strategy for Your Own Business.

Channel 344

Channel Omnichannel WooCommerce Clothing 344

GetElastic

JULY 22, 2019

Studies show that businesses who adopt this approach have customer retention rates 91 percent higher than competitors who do not. The main goal when developing such a strategy, should have agile principles to make it a success. These orders can be sourced and shipped based on rules the retailer puts in place.

Omnichannel 161

Omnichannel Fulfillment Social Media Clothing 161

Kissmetrics

APRIL 21, 2021

It’s a meandering path where customers visit brands on different platforms before converting. To successfully target and convert consumers across every channel and platform, you need a unified marketing strategy. With omnichannel e-commerce, customers hop from device to device, or platform to platform during the conversion process.

eCommerce Marketing 254

eCommerce Marketing eCommerce Omnichannel Marketing 254

lateshipment

FEBRUARY 3, 2023

Over time, this also results in a more stable and profitable customer base, with a higher lifetime value from each customer. Thus, it is clear that while acquiring new customers is important, retaining existing ones is often more profitable and cost-effective in the long run. Still not convinced? Why, you ask? Here’s why.

eCommerce 130

eCommerce Shipping Costs Customer Shipping 130

FastSpring

MARCH 15, 2021

You have to create a subscription-friendly product, infrastructure, marketing plan, and customer retention plan. With digital product subscriptions, you don’t have to worry about shipping costs, buyer location, customs, or import laws. Stronger Customer Relationships. Flat-rate Pricing.

Subscription 147

Subscription Payment Services Shipping Costs Payments 147

lateshipment

NOVEMBER 26, 2023

Enter “Brand BFF” or repeat customer, a win-win situation for your customers and your business. Why Focus on Customer Retention? To give you a little motivation, here are some of the benefits that you can stand to gain by increasing your customer retention rates. Are you one of such businesses?

Shipping Costs 130

Shipping Costs eCommerce Order Fulfillment Shipping 130

Kissmetrics

SEPTEMBER 19, 2020

Increase qualified website traffic Increase time on site Add more subscribers to your email list Add followers to your social media accounts Increase sales Increase upsells Increase average order values Decrease expenses and marketing costs Improve customer retention. Single Grain – Best for a Custom Marketing Plan.

eCommerce 275

eCommerce eCommerce Marketing Shipping Costs Shopify 275

Kibo

FEBRUARY 3, 2023

Whether you’re a B2B company selling recurring services or a DTC company selling product subscriptions, customer retention and happiness are at the core of a successful business. In this article, we’ll outline four strategies to help boost your retention rate and discuss how technology will help you implement these strategies.

Customer Retention 62

Customer Retention Subscription Payment Services Customer 62

Ecommerce Platforms

JULY 10, 2021

After all, knowledge is power – and never is this truer than getting concrete insights to support your sales and marketing automation strategy. . Using analytics unlocks a fair few benefits, including: Being able to gather accurate data to offer better, personalized, customer-focused marketing and customer service. .

Shopify 211

Shopify Shipping Costs SEO Live Chat 211

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. . Stand Out Beyond Free Shipping .

Customer Loyalty 243

Customer Loyalty Customer Retail Shipping Costs 243

lateshipment

OCTOBER 16, 2020

With COVID-19 still at large, consumers will be making difficult shopping choices and retailers will be scratching their heads for a strategy that will bring them a great sale. and act accordingly to provide great customer satisfaction. . Delays are not just problematic but are expensive. The future present is online.

Shipping Costs 211

Shipping Costs eCommerce Social Media Shipping 211

Ecommerce Platforms

MARCH 18, 2020

You want a low cost per unit, but also flexibility in your design process. So, we’re going to take a look at Packhelp , Europe’s leading supplier of custom packaging for ecommerce brands. Your brand’s packaging should also: Make customers feel they got more than they paid for. Packing Papers : Customized tissue paper.

Shipping Costs 33

Shipping Costs Books eCommerce Electronics 33

Retail TouchPoints

SEPTEMBER 21, 2023

While AI presents vast possibilities to enrich this journey, it also ushers in significant challenges that could negatively impact customer retention and a brand’s bottom line. Brand A utilizes AI in its post-purchase strategy, sending out automated messages with discounts and offers immediately after a purchase.

eCommerce 264

eCommerce Customer Loyalty eCommerce Platforms Shipping Costs 264