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[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.

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Best Shopify Apps for Fashion Stores

Ecommerce Platforms

Customers to contact. With these apps, you can use minimal development and expensive software engineering time and get started building an online fashion store that gets conversions, makes sales, and generates customer loyalty. Simple: it makes it more likely that a customer is going to recommend your site to someone else.

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5 Benefits of Building an Online Brand Community

Smile.io

Removes dependency on ads and promotions for traffic There has been a deep reliance on ads to aquire customers to make that first purchase or simply create brand awareness. Would your business continue to be top of mind for new and repeat customers? If you can get a repeat customer, their AOV increases. Blog Mike Rossi 2.

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Building Profitable Pricing Strategies on Leading Marketplaces

Smile.io

Building profitable pricing strategies on leading marketplaces involves understanding market dynamics, competition, and customer behavior to set prices that maximize profits while remaining competitive in the marketplace ecosystem. This marketplace controls branding and customization, allowing sellers to establish unique identities.

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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. This is because cosmetics brand understand that their customers are using their products to impact the way they appear to other people.

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12 Sustainable Small Businesses to Support Without the Guilt

Smile.io

With a variety of products from reusable coffee filters to plant-based phone cases, Loop truly makes it simple for customers to live a sustainable lifestyle. With a clever name playing on the concept of a closed-loop or circular economy, this sustainable brand encourages customers to consume consciously. Blog Beth Foster 7.

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Top 10 Customer Loyalty Programs of 2023

Smile.io

Loyalty programs are essential for customer retention and a necessary foundation for building customer loyalty in ecommerce. Whether it’s a points program, a simple referral program, or a multi-tiered VIP program, a loyalty program aims to turn one-time customers into repeat customers and build a loyal following.