Remove editor
article thumbnail

The Ultimate Guide to Customer Retention

Smile.io

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.

article thumbnail

Top Omnichannel Survey Takeaways: RTP Editors Weigh In

RTP blog

Debbie Hauss, Editor-in-Chief: The most significant and poignant stat for me was the increase and total percentage of retailers that are depending on customer analytics to achieve their omnichannel goals. In this Q&A, the RTP editorial team shares their top takeaways from the results. Did anything from the survey catch your eye?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What is Customer Retention, and Why is it Important?

Smile.io

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?

article thumbnail

Top 10 Examples of Social Responsibility as a Customer Retention Tool

Smile.io

One small step for your business, one giant leap for customer relationships When you consider that 87% of consumers are motivated to purchase from companies committed to making the world a better place it’s clear that social responsibility is a highly effective customer retention tool.

article thumbnail

11 Proven Hacks to Keep Your Customers Buying More

Kissmetrics

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.

article thumbnail

Seen and Heard at #NRF2024: 5 Trends from the Big Show

Retail TouchPoints

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. The top five themes include: 1.

ACH 225
article thumbnail

What is a Repeat Customer and Why are they Profitable?

Smile.io

Let’s say you noticed your business wasn’t acquiring as many new customers as you expected, and you want that to change. Well, believe it or not, one of the most sustainable ways to improve your customer acquisition cost is through customer retention. What is Customer Retention, and Why is it Important?