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16 ways to improve Average Order Value during the holidays

lateshipment

Increasing the average order value directly boosts your store’s revenue, increases customer loyalty , and retention and reduces churn rate. How Does Average Order Value Influence Customer retention? 16 ways to improve Average Order value during the holidays 1. Gift Set during the Holidays 2.

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Automated Workflows: Attract, Engage & Delight Your Audience

Groove

eCommerce automation improves the accuracy and relevancy of messaging and helps businesses save time by reducing redundant tasks. Successful brands typically offer a solution to their customers' problems. Converting Your Audience Into Customers. Add additional items to their shopping cart? Engaging With Your Audience.

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How to get repeat customers: Proven strategies for success

Omnisend

Reading Time: 8 minutes A common misconception about repeat customers is that they only respond to crazy discounts. While providing discounts is an effective strategy to encourage returning customers, it’s neither the only nor the best way. Returning customers also benefit your reputation, strengthening your market position.

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10 ecommerce metrics & KPIs you must measure in 2022

Omnisend

Ecommerce metrics define your website’s performance, and by analyzing them, you can understand the scope of improvement for your business. Will working on this metric help me improve others as well? Oftentimes, metrics are interconnected, and tweaking one might improve another. Cart abandonment rate.

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How To Optimize Your Ecommerce Sales Funnel for More Revenue

Optimizely

But first, you have to figure out when and where you’re losing customer today. Here’s how to optimize your marketing strategy and improve your ecommerce sales funnel for higher revenue. If you were a new customer going through the process of making a new purchase, are there any areas that are lacking or that you might get stuck?

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5 Ways Retailers Can Tackle Wavering Customer Loyalty

Retail TouchPoints

Results from Retail TouchPoints’ annual Customer Loyalty and Personalization Benchmark Report reaffirm that retailers are focused on building a strong foundation of first-party data to support their supply chain, in-store services, omnichannel marketing and experiential strategies. .

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10 E-Commerce KPIs to Measure

ChannelAdvisor

Conversion rate = (conversions / interactions) x 100 2. Customer acquisition cost (CAC) Customer acquisition cost is the amount it costs you to acquire one new customer. Be sure to factor in every expense it requires to gain a new customer, from ad purchase and marketing costs to overhead and labor.