Customer Retention Gifts Multichannel Shipping Costs 
SellBrite
JUNE 7, 2017
Savvy business owners know that customer retention is worth its weight in gold. The numbers say it all: it costs five times more to bring in a new customer than it does to maintain a current one and the odds of making a sale to a current customer are 60-70 percent compared to only a 5-20 percent chance of selling to a new lead.
Ecommerce Platforms
FEBRUARY 13, 2020
The store owner, instead, forwards customers’ orders to the supplier who completes the fulfillment process by shipping the products directly. Shopify dropshipping turns out to be a more convenient and cost-effective selling technique. After all, you get to mark up the prices in your store. Customer support.
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Ecommerce Platforms
NOVEMBER 11, 2019
A solid customer relationship management (CRM) gameplan is just part of what this objective requires. And surprisingly enough, the acquisition cost for new customers lies between 5 to 25 times more than the price you'll incur to retain your old clients. A key metric to factor in is the customer retention rate.
ROI Revolution
DECEMBER 2, 2021
Shipping, inventory, and fulfillment are the basic underpinnings of a business that must work flawlessly for marketing & advertising to be worth it – and they are all in flux right now. With significant supply chain concerns, consumers started shopping for holiday gifts earlier than ever. How did it happen?
ROI Revolution
MARCH 2, 2021
36% of consumers have experienced substantial shipping delays due to COVID-19 ( Narvar ). 35% of US adults are concerned about the stability of their investments, with 19% worried about having enough income to pay for day-to-day expenses. January 7 update. 2021 COVID-19 + ecommerce stats. 9/14 update. 7/29 update. 7/9 update.
ROI Revolution
AUGUST 5, 2021
While consumers enjoy BNPL for its ease of use, flexibility, and low interest rates, 57% say they regret using BNPL because it was too expensive. 45% of shoppers are more inspired to make a purchase by convenience than price. are seeing customers be less willing to pay full price. January 7 update.
ROI Revolution
JANUARY 5, 2021
35% of US adults are concerned about the stability of their investments, with 19% worried about having enough income to pay for day-to-day expenses. BOPIS also brings consumers the immediate satisfaction of receiving their item almost immediately without having to search for it in the store or wait for it to be shipped. 9/14 update.
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