article thumbnail

How to Boost Ecommerce Revenue With Customer Loyalty Programs

Ecommerce Platforms

Today, we're going to talk about how you can boost your ecommerce store's revenue using effective customer loyalty programs. We'll explore real-world loyalty strategies and look at how they are implemented by big companies. We'll even take an actionable peek into how you can implement these strategies for your own online stores.

article thumbnail

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

Korona

Additionally, the success rate of selling to a customer you already have is 60-70%, while the success rate of selling to a new customer is 5-20%. Below are some strategies to withstand the recession without raising prices by strengthening customer loyalty. Launch or ramp up a rewards program.

Insiders

Sign Up for our Newsletter

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

article thumbnail

The Final-Mile and its factors for ecommerce success or failure

GetElastic

Online retailers face an uphill battle in securing new customers. Many of these websites serve market niches – meaning it’s becoming increasingly difficult for general ecommerce sites to maintain market share against specialized retailers. An entire book could be written on the art of producing compelling product videos.

eCommerce 129
article thumbnail

eBay vs. Amazon: Choosing the Right Platform for Your E-commerce Business

Algopix

Amazon: The E-commerce Giant On the other hand, Amazon, founded in 1994, has evolved into a retail powerhouse, dominating the e-commerce industry. Amazon provides an extensive catalog of products, ranging from books and electronics to household essentials and beyond.

eCommerce 105
article thumbnail

Growth Hacking For E-Commerce – Accelerating Sales With Reciprocity

Frooition

Naturally, when Gary announced he was releasing a book, these people needed no encouragement to pre order. He never runs discount offers for his books because he doesn’t have to. His customers feel such a strong sense of reciprocity towards him that they are glad to buy from him and help his business. Reward loyalty.

article thumbnail

24 eCommerce Experts to Follow Now

GetElastic

Experts on this list are segmented by their respective area of expertise, and have either published insights, consistent social media content, bestselling books, speaker series, or podcasts. He now focuses his efforts on covering all content related to the future of retail and its changing landscape in the United States.

eCommerce 113
article thumbnail

How To Find Trending Products to Sell in Your Online Retail Store

Korona

Check out the following resources below to learn more about eCommerce and online marketing: eCommerce Pricing Strategies: The Ultimate Guide For Any eCommerce Retailer. How to Grow eCommerce Customer Loyalty: 7 Tips for Online Stores. How to Prevent Data Breaches: A Guide For eCommerce Retailers. Dinnerware.