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How to measure customer retention? 7 Key metrics you need to know

Omniconvert

Customer retention can be considered one of the most critical aspects of business development. The post How to measure customer retention? 7 Key metrics you need to know appeared first on ECOMMERCE GROWTH Blog. Your loyal customers don’t just buy.

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Post-Purchase Experience And Customer Lifetime Value (CLV): Relationship Goals

lateshipment

As a merchant, you initiate and perform a list of activities that contribute to said success — be it by improving the shopping experience, coming up with offers, or leveraging tools. Take this scenario, you possess a Netflix subscription that you renew for $22.99 In other words, a.k.a. every month.

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Standardized Measurements, Collaboration Crucial to Retail Media’s Continued Growth

Retail TouchPoints

There’s also a need to make sure that everybody is comparing apples to apples, because unlike other media platforms, within retail media the owner of the first-party data is also the one that is providing the media and the reporting ,” Bustos added. A lack of standardization across the retail media ecosystem.

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How to Hack Retention Rate and Get Customers to Stick Around

Kissmetrics

Retention, huh? But before we get into the details, let’s go through what retention rate optimization is and how data can be helpful in improving it. What is Retention Rate Optimization? Retention rate optimization is the process of improving the rate of customers returning to use your services. Boy, that hurts.

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Analyze Retention Reports to Know How to Make Your Customers Stay

Omnisend

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.

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What Google Analytics 4 Means for Your Ecommerce Site

Retail TouchPoints

If you have an ecommerce site, you need to prepare for this change — and fast. More specifically, if you want access to year-over-year data on GA4, you’ll need to migrate your accounts by July 1, 2023. Watch the video: Intro to Google Analytics 4: What Your Business Needs to Know.

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Choosing the Right eCommerce KPIs: A Guide for Sellers

Algopix

But with a myriad of data points to choose from, how do you know which eCommerce KPIs are the most important for your business? KPIs are specific, measurable metrics that provide insights into various aspects of your eCommerce business. However, to make this metric truly valuable, you need to break it down further.