Remove Apparel Remove Customer Retention Remove Online Retail
article thumbnail

How to Recession-Proof Your Online Retail Business Without Raising Prices

Korona

It is much more cost-effective to focus on retention and lifetime value than to try to get new customers to make a purchase. It is five times more expensive to attract a new customer than to retain an existing one. However, by increasing customer retention by 5% , profits can increase by 25-95%. How can this work?

article thumbnail

RSP21 Reveals Top Growth Drivers for the Post-COVID Era

Retail TouchPoints

Agile CRM: How to Adapt to Changing Consumer Preferences and Win Customer Loyalty. Jennifer Ives, SVP of Global Partnerships for 3Pillar Global, discusses why strong customer retention is the basis for successful customer acquisition: “COVID created a retention need for retailers, and customer service is key.

Payments 272
Insiders

Sign Up for our Newsletter

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

article thumbnail

5 Ways to Use Pinterest to Grow Your Ecommerce Business

SellBrite

You’ll also notice further down the homepage that Pins are more about general interest topics than apparel and accessories. Marketers believe that “Visual content is essential for customer retention. Online retailer 6pm sells discounted merchandise through their online store.

eCommerce 141
article thumbnail

10 Most Important Ecommerce KPIs to Measure in 2023

Retalon

To stay competitive in this fast-paced environment, online retailers need to closely track and analyze key performance indicators (KPIs) that measure the health and success of their business. Customer Retention Rate Definition The customer retention rate is the percentage of customers you retain over a given time period.

X-cart 41
article thumbnail

Ecommerce Segmentation vs. Personalization: Differences & Benefits

UpSellIt

Ecommerce segmentation and personalization are two independent, but complementary strategies used in the field of online retail to enhance customer experience, improve conversion rates, and drive sales. Imagine a business that sells both warm weather and cold weather apparel.

eCommerce 109
article thumbnail

Which Online Marketplaces in the USA would be Right For Your Products?

ChannelSale

By 2020, global marketplaces will own 39 percent of online retail market. No wonder, instead of launching their own online stores, new sellers rush to these at-ready platforms. Best-selling products: Tech items (including Smartphone and Laptops), women’s fashion apparels, watches, chest of drawers.

article thumbnail

9 Ways That E-Tailers Can Increase Their Customer Lifetime Value

Lemonstand

Effective marketing automotive can help fill in the gaps and help you win otherwise lost sales from customers. Considering that three-quarters of online retailers suffer from the epidemic of cart abandonment, having autoresponders set up to win back those lost leads is a must. Take email autoresponders for example.