An often overlooked aspect of ecommerce is that there are only ever two types of customers: New customers and existing customers.
New customers are important, but encouraging repeat purchases from existing customers is equally crucial for sustainable growth. Why? Because building loyalty and driving repeat purchases boosts revenue and reduces customer acquisition costs.
As every business is different, it’s pretty much impossible to put an exact figure on how much it costs to acquire or retain ecommerce customers. But, it’s generally accepted that acquiring a new customer can cost more than five times more than retaining an existing one. Repeat customers also tend to spend more (67% more according to business.com).
So, increasing your repeat purchase rate will have a significant impact on your bottom line.
To help, we went straight to the source, asking 10,000 consumers about the things that motivate them to repurchase when shopping online. In this article, we use the survey results and tips from ecommerce experts to show how you can improve your repurchase rate.
An often overlooked aspect of ecommerce is that there are only ever two types of customers: New customers and existing customers.
New customers are important, but encouraging repeat purchases from existing customers is equally crucial for sustainable growth. Why? Because building loyalty and driving repeat purchases boosts revenue and reduces customer acquisition costs.
As every business is different, it’s pretty much impossible to put an exact figure on how much it costs to acquire or retain ecommerce customers. But, it’s generally accepted that acquiring a new customer can cost more than five times more than retaining an existing one. Repeat customers also tend to spend more (67% more according to business.com).
So, increasing your repeat purchase rate will have a significant impact on your bottom line.
To help, we went straight to the source, asking 10,000 consumers about the things that motivate them to repurchase when shopping online. In this article, we use the survey results and tips from ecommerce experts to show how you can improve your repurchase rate.
An often overlooked aspect of ecommerce is that there are only ever two types of customers: New customers and existing customers.
New customers are important, but encouraging repeat purchases from existing customers is equally crucial for sustainable growth. Why? Because building loyalty and driving repeat purchases boosts revenue and reduces customer acquisition costs.
As every business is different, it’s pretty much impossible to put an exact figure on how much it costs to acquire or retain ecommerce customers. But, it’s generally accepted that acquiring a new customer can cost more than five times more than retaining an existing one. Repeat customers also tend to spend more (67% more according to business.com).
So, increasing your repeat purchase rate will have a significant impact on your bottom line.
To help, we went straight to the source, asking 10,000 consumers about the things that motivate them to repurchase when shopping online. In this article, we use the survey results and tips from ecommerce experts to show how you can improve your repurchase rate.
An often overlooked aspect of ecommerce is that there are only ever two types of customers: New customers and existing customers.
New customers are important, but encouraging repeat purchases from existing customers is equally crucial for sustainable growth. Why? Because building loyalty and driving repeat purchases boosts revenue and reduces customer acquisition costs.
As every business is different, it’s pretty much impossible to put an exact figure on how much it costs to acquire or retain ecommerce customers. But, it’s generally accepted that acquiring a new customer can cost more than five times more than retaining an existing one. Repeat customers also tend to spend more (67% more according to business.com).
So, increasing your repeat purchase rate will have a significant impact on your bottom line.
To help, we went straight to the source, asking 10,000 consumers about the things that motivate them to repurchase when shopping online. In this article, we use the survey results and tips from ecommerce experts to show how you can improve your repurchase rate.