Post by account_disabled on Jan 8, 2024 21:43:20 GMT -5
Amore to this percent of consumers expect personalization from the brands and business they choose and get frustrated when they dont find this. Companies can and should embrace this situation by putting a stronger focus on customer marketing and personalized experiences this year. It will be beneficial to them in several ways First keeping your brand fresh in customers minds and regularly reminding them of your presence increases retention. You can reinforce this by tailoring your marketing messages to show how your company is supporting them offering discounts or special sales.
Second it increases revenue. Generally existing customers are Country Email List more reliable buyers than new ones and are more receptive to upselling and crossselling opportunities upgrades and addons. Research has shown that increasing customer retention rates by only can increase profits by . During a recession this will likely be more on the lower end of that range. However in the longterm it still holds true and is especially important given the costs associated with lead generation. Third it also increases acquisition through customer advocacy.with brands good or bad with family and friends and also on social media. If you offer good enjoyable customer experiences those testimonials will ensure new leads all by themselves. Social Commerce Is Going Mainstream China is probably the country with the most mature social commerce market.
Despite the pandemic it has seen solid growth in recent years with the number of users reaching million in . So far though the trend hasnt really spilled over here. However this will likely change in Platforms such as Facebook Instagram TikTok Pinterest and others have started to introduce new features for shopping directly inapp for instance. And last year million consumers in the UK alone made purchases through social channels. As this trend continues to grow you will need to modify your ecommerce strategy and explore the corresponding.
Second it increases revenue. Generally existing customers are Country Email List more reliable buyers than new ones and are more receptive to upselling and crossselling opportunities upgrades and addons. Research has shown that increasing customer retention rates by only can increase profits by . During a recession this will likely be more on the lower end of that range. However in the longterm it still holds true and is especially important given the costs associated with lead generation. Third it also increases acquisition through customer advocacy.with brands good or bad with family and friends and also on social media. If you offer good enjoyable customer experiences those testimonials will ensure new leads all by themselves. Social Commerce Is Going Mainstream China is probably the country with the most mature social commerce market.
Despite the pandemic it has seen solid growth in recent years with the number of users reaching million in . So far though the trend hasnt really spilled over here. However this will likely change in Platforms such as Facebook Instagram TikTok Pinterest and others have started to introduce new features for shopping directly inapp for instance. And last year million consumers in the UK alone made purchases through social channels. As this trend continues to grow you will need to modify your ecommerce strategy and explore the corresponding.