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. Leverage email marketing.

article thumbnail

Best Shopify Apps for Fashion Stores

Ecommerce Platforms

Add Klarna to your Shopify store and you’ll likely increase customer retention. Klarna makes its money by offering the service in question, which means that it’s happy to let Shopify stores like yours implement it in their page builder and move right along—no subscription fees required. Camweara Jewelry Try?on.

Fashion 197
Insiders

Sign Up for our Newsletter

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

article thumbnail

5 Benefits of Building an Online Brand Community

Smile.io

Pura Vida Bracelets sells its customers on a feeling  Pura Vida Bracelets has been a staple jewelry and bracelet brand for Millennials and now Gen Z. Increases customer retention Customer retention is the key to sustainable and long-term growth for ecommerce brands. Blog Mike Rossi 2.

article thumbnail

The Expert Loyalty Program Tips You Need for Your Industry

Demac Media

Luckily for you, we’ve put together a list of the most important features for reward programs in cosmetics, apparel, food & beverage, jewelry, and subscriptions. Paying a fortune to acquire a one-time customer who provides you slim margins is not a smart move. Jewelry Pro Tip: Incentivize Amazing Visuals.

article thumbnail

12 Sustainable Small Businesses to Support Without the Guilt

Smile.io

 The Sustainable Book Club A screenshot of The Sustainable Book Club’s subscription box page. This UK-based book subscription service offers customers the chance to find some great vintage reads and sustainable treats for a cozy afternoon of reading. A screenshot from Ocean & Co’s jewelry product page.

article thumbnail

Building Profitable Pricing Strategies on Leading Marketplaces

Smile.io

🛍️ Example: Let's say you're selling handmade jewelry on Shopify. Factor in the Shopify subscription fee and marketing costs to set a baseline price. Cost-aware pricing decisions contribute to long-term financial stability and business success.

article thumbnail

Top Ecommerce Niches of 2019

ecomdash

Merchants can focus on building more personalized content and customer experiences for their target customers which leads to stronger brand loyalty. Studies show that a 5% increase in customer retention leads to a 95% increase in profits. Better ROI. Sell products with more ambiguous pricing.