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7 Targeted Retail Strategies for Revenue Growth and Margin Improvement

Retail TouchPoints

In today’s challenging business landscape, where profit margins are shrinking, supply chains are slow and uncertain, labor shortages are prevalent and inflation is a concern, it is crucial for retailers and brands to differentiate between understanding customer habits and fostering customer loyalty in order to succeed.

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16 ways to improve Average Order Value during the holidays

lateshipment

Increasing the average order value directly boosts your store’s revenue, increases customer loyalty , and retention and reduces churn rate. 16 ways to improve Average Order value during the holidays 1. Offer product bundles Product bundling is a well-known strategy used during the holiday season.

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6 Post-Purchase Pain Points & Solutions for E-commerce Customers

lateshipment

Here’s a chronology of the events that might follow: They stop shopping with the brand, leading to a drop in loyalty and revenue and a rise in acquisition costs, shipping costs (returns/ cancellations), product costs (loss and damages), etc. 6 Pain Points For E-Commerce Customers In The Post-Purchase Phase And How You Can Fix Them 1.

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Turning Criticism into Opportunity: A Guide for Merchants to Deal with Negative Online Reviews

Retail TouchPoints

Apologizing can go a long way in showing that you take responsibility for any shortcomings and are willing to make amends. Maintain a professional and positive tone when responding to negative reviews, and avoid getting into arguments or using defensive language. Remain calm. Respond promptly. Thank the customer for their feedback.

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6 Simple Ways to Use Email to Increase Customer Loyalty

Smile.io

With the rise of fast-paced social media videos and interactive blog content, it’s easy to think that email might be a thing of the past. However, is email actually irrelevant? Audiences today have shorter attention spans than ever and are being conditioned to expect more exciting forms of content.

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The Best Loyalty Apps for Shopify to Boost Customer Relationships

Ecommerce Platforms

The best loyalty apps for Shopify are an excellent way for business leaders to improve the lifetime value of their customers. That’s where loyalty apps come in. With a loyalty tool built into your Shopify website, you can attract customers by offering them bonuses every time they buy from you. Referral Candy.

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How to Build a Conversion Funnel That Will Triple Your Profits

Kissmetrics

Should I Use the AIDA Model to Create My Conversion Funnel? The AIDA model is the traditional way to track the customer journey. Realistically, not everyone who visits your website will convert to a paying customer, which is why we use a funnel shape. Let’s take a look. turning them into a customer.

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