Remove Blog Remove Consumer Remove Customer Retention Remove Recommendation
article thumbnail

Package Delivery Satisfaction Ratings: Driving Customer Retention and Revenue Growth

lateshipment

Consumers have more choices than ever when it comes to their shopping needs. Meaning, the customer experience (CX) has become a cornerstone of customers choosing brands to shop with and businesses need to go above and beyond to provide a positive delivery experience in order to keep customers coming back.

article thumbnail

[eCommerce 2021] A Step-by-step Guide to Customer Retention

lateshipment

Did you know that the average Customer Retention Rate (CRR) is just around 35% for eCommerce businesses. Just take a look at these stats 65% of a company’s business can be credited to existing customers. Companies have to spend 7 times more to get a new customer than to retain an existing one.

Insiders

Sign Up for our Newsletter

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

article thumbnail

How to Solve the Customer Retention Problem (And Make Your Customers Happy!)

Kissmetrics

Customer retention. Its goal is to retain as many customers as possible. After all, a loyal customer is worth much more than a new customer. Here’s the problem: companies drive customers away with poor customer retention initiatives (or a complete lack of a customer retention strategy!).

article thumbnail

How to Create Relevant Product Recommendations that Increase Sales

Omnisend

Have you ever received a product recommendation that just didn’t make sense? In ecommerce, you always want the message you send to be relevant to your customer. Personalization is key— over half of US consumers say they were more likely to purchase if their content is personalized. Reading Time: 8 minutes.

article thumbnail

How to Use a Lapsed-Purchase Campaign to Increase Customer Retention

Omnisend

As mentioned, knowing what they’ve purchased in the past also allows you to segment based on what kinds of products they purchased, and offer recommendations for similar and complementary products. What’s new: Tempt your customers back with new products that might interest them. Get My Demo.

article thumbnail

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

lateshipment

But when it comes to an e-commerce business where product values and consumer spending differ, there is no actual guarantee on the specific amount or time of the customer’s next spending. What matters is that customers have a low tolerance for delivery issues and will shift to a competitor after one poor experience.

eCommerce 130
article thumbnail

Getting Started with Behavioral Email Marketing

Kissmetrics

Behavioral marketing is designed to act on those choices with the kind of engagement that increases conversion rates, grows profits , and vastly improves customer retention. These are the unexpected but highly welcomed emails that encourage better customer retention. The Recommendation Email.

Marketing 275