Remove B2B Remove Customer Loyalty Remove Customer Retention Remove Payments
article thumbnail

How to define loyalty programs for B2B buyers

GetElastic

A recent study shows that 82 percent of B2B marketers spend more on customer acquisition than retention. Whereas, only 48 percent actually prioritized B2B loyalty. And, we all know customer acquisition costs more than retention. More so, customer retention is easier and more cost-effective to execute.

B2B 104
article thumbnail

How To Get Ahead of The Competition with Easy-to-Launch eCommerce Subscription Services ?

GetElastic

By deploying subscription services, it puts brands in an ideal position to drive predictable and sustained revenue, while also generating increased customer loyalty with more affordable buying options. Tracking and collecting payments on a predetermined basis. And storing payment information.

Insiders

Sign Up for our Newsletter

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

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

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. of Nigerian ecommerce revenue. million in revenue in 2021. of the revenue for Nigeria’s top 100 online stores.

article thumbnail

4 Customer Retention Strategies for Your Subscription Business 

Kibo

In the midst of uncertain economic times, many businesses are considering subscription business models and how they can be used to drive customer loyalty. In this article, we’ll outline four strategies to help boost your retention rate and discuss how technology will help you implement these strategies.

article thumbnail

12 Helpful Ways To Increase Your Ecommerce Conversion Rate in 2021

FastSpring

They want to be able to customize the features they pay for, the length of their term, and payment frequency. Benefits of Offering Multiple Pricing Options: · Increased customer retention. These security measures not only keep customer data safe, but they help prevent the loss of revenue due to fraud.

article thumbnail

An Beginner’s Guide To Creating A Customer Loyalty Program In 2020

Ecommerce Platforms

Second, this guide churns out a few examples that could help you kickstart your loyalty scheme. And most of all, a simplified formula to help you measure your loyalty program's overall perfomance. . So let's get started… What’s the point of having a customer loyalty program? . The result?