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4 Ways Retailers can Leverage Generative AI to Drive Revenue and Productivity

Retail TouchPoints

Generative AI can dramatically improve customer experiences and drive revenue by helping shoppers find the products that most match attributes of what they’re looking for today, not just what they have purchased in the past. The agents can instead focus on dealing with more complicated customer issues or driving customer retention offers.

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What is First-Party Data and Why Focus on it in 2024

Smile.io

That translates to a lower LTV (lifetime value) and often a rise in CAC (customer acquisition cost) – something we all want to sidestep, am I right? What is first-party data? First-party data is information collected directly from your customers or website visitors.

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How to Seamlessly Migrate Your Rewards Program

Smile.io

In these cases, the question quickly becomes—how do you migrate your customers, data, and entire rewards program to another provider? Your customers might be familiar with a specific look and feel, and you might be accustomed to operating and analyzing your program in certain ways. Installing Smile.io

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Choosing the Right eCommerce KPIs: A Guide for Sellers

Algopix

Customer Retention Rate: This metric reveals how many of your customers return for additional purchases. A high retention rate is a sign of a loyal customer base. Churn Rate: Churn rate is the opposite of customer retention rate. It shows how many customers you lose over a given period.

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How to Start a Subscription Business that Works

Ecommerce Platforms

Here are the steps to get you started: Start a store with Shopify. Yet, you can also find subscription-focused themes on Shopify , and from other premium theme creators. As an alternative, you have the option to create your own subscription store by utilizing the Shopify Subscriptions API. Spend More Time on Customer Retention.

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Best 20 Email Marketing Software for eCommerce in 2023

Algopix

By including personalized product recommendations, tailored offers, and customized content, businesses can drive higher engagement and sales. Mailchimp also integrates with various eCommerce platforms, making it seamless to sync your customer data and send personalized emails.

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Top Loyalty Program Features (+How To Choose The Best Software)

Smile.io

Customers no longer simply appreciate being rewarded for their business—they expect it. Starting an ecommerce store is easier than ever with the rise of ecommerce platforms like Shopify. In a highly saturated market, customers have endless choices of brands to support. star rating from 5000+ Shopify reviews.