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How bonuses and incentives help customer retention 

365 Retail

What is customer retention? Customer retention refers to a company’s capacity to convert purchasers into repeat customers, preventing them from purchasing from a rival. Why is customer retention crucial for businesses?

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Is BigCommerce B2B Edition The Right Choice For Your Business?

Groove

Customer retention through improved customer experience with the user-friendly interface, quick order function and flexible pricing options. Contact Groove Commerce today to take your wholesale business to the next level. More revenue through volume discounts, tiered pricing and the ability to target promotions.

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How to Solve the Customer Retention Problem (And Make Your Customers Happy!)

Kissmetrics

Customer retention. Its goal is to retain as many customers as possible. After all, a loyal customer is worth much more than a new customer. Here’s the problem: companies drive customers away with poor customer retention initiatives (or a complete lack of a customer retention strategy!).

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Can Location Intelligence Make (or Break) the Holiday Shopping Season?

Retail TouchPoints

But the first step, before marketers consider how they’ll maintain this customer loyalty, is to examine the latest consumer data in order to understand key shifts in their customers’ behavior. An insight like this indicates that these customers not only value convenience but seek to avoid unnecessary social contact.

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The Complete Guide to Client Onboarding and Retention

Kissmetrics

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. Most people have a preferred method of contact.

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Automated Workflows: Attract, Engage & Delight Your Audience

Groove

For example, you could set the criteria to enroll contacts who have viewed a specific product x amount of times or those who have viewed a specific page for longer than x seconds. Converting Your Audience Into Customers. Send very specific offers or messages to a group of prospects. Request a product sample? Schedule a call?

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The Future of Customer Service: How Ticketing Systems, Content and Chat Are Changing the Game

Retail TouchPoints

But customer service must be prioritized by every organization. Here are three data-backed reasons why: Good customer service leads to increased customer retention rates. ? Customer service plays a crucial role in brand image. Proactive customer service is a powerful form of marketing.