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How adding services to your products can propel your company growth?

GetElastic

As Gartner aims to prepare application leaders for the accelerated shift towards digital, they predict that, “ By 2024, leading commerce organizations will generate 10% of online revenue from services attached to physical products.”. Subscription based models are at the center of recurring revenue in eCommerce. Auto replenishment.

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The Top CBD Ecommerce Trends to Tap into the CBD Market

Omnisend

How to Use CBD Ecommerce Trends Effectively. In turn, leading platforms like Shopify, BigCommerce, and Magento can help ensure positive customer experiences. We’ve already overviewed the best ecommerce platforms , so be sure to read that if you want to make an informed decision. Use Marketing Automation.

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ecommerce in Nigeria – tips for success

Payoneer

Nigeria’s ecommerce market is rapidly growing and is projected to generate a revenue of US$7,627 million by the end of 2023, making it the 39th largest ecommerce market globally. With a compound annual growth rate of 11.3% (2023-2027), the market is expected to reach a volume of US$11,707 million by 2027.

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11 Key Retention Metrics You Need to Know

Smile.io

In order to maximize your retention efforts , you need to understand how to track and measure some key retention metrics. Here are 11 key retention metrics ecommerce marketers should be aware of. It’s estimated that 61% of consumers say they will switch to a competitor after one bad customer experience.

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How to Set Up an Ecommerce Loyalty Program to Improve Retention, Build Community and Drive 5X in Sales

BigCommerce

What is a Customer Loyalty Program? Customer loyalty refers to a customer’s willingness to work with or buy from a brand repeatedly as a result of positive customer experience, satisfaction, and the value the customer gets from the transaction. Market the program. Customer retention rate.