CUSTOMER VALUE OPTIMISATION FOR ECOMMERCE BRANDS CUSTOMER VALUE OPTIMISATION FOR ECOMMERCE BRANDS CUSTOMER VALUE OPTIMISATION FOR ECOMMERCE BRANDS CUSTOMER VALUE OPTIMISATION FOR ECOMMERCE BRANDS CUSTOMER VALUE OPTIMISATION FOR ECOMMERCE BRANDS
Our proprietary ecommerce Framework is based on the 3 key levers of growth: purchase frequency, average order value and customer retention rate.
By improving each of these levers, you can dramatically increase profits without relying on ever increasing acquisition costs.
INITIAL STATUS | UPLIFT | |
---|---|---|
Traffic | 1,000.000 | 0% |
Conversion Rate | 3.2% | 0% |
Purchase Frequency | 2.30 | 20% |
Average Order Value | $110 | 10% |
Customer Retention Rate | 30% | 20% |
By increasing customer retention rate and purchase frequency by 20% and average order value by 10% you could add 38% to your revenue.
Or looking at channel distribution without taking into account the
customer journey phase?
If you do, you might find value in our Business Forecast.
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We have recently organised Australia's first-ever CVO conference, dedicated to mastering customer lifetime value.
With actionable tools and takeaways, attendees learned how to lower acquisition costs, boost retention rates, increase customer satisfaction, set foundations for long-term revenue, improve profitability, and future-proof their businesses.
If you missed it, you can watch replays now.
Watch Replays Now5% INCREASE IN CUSTOMER RETENTION CORRELATES WITH AT 25% INCREASE IN PROFIT 5% INCREASE IN CUSTOMER RETENTION CORRELATES WITH AT 25% INCREASE IN PROFIT 5% INCREASE IN CUSTOMER RETENTION CORRELATES WITH AT 25% INCREASE IN PROFIT 5% INCREASE IN CUSTOMER RETENTION CORRELATES WITH AT 25% INCREASE IN PROFIT 5% INCREASE IN CUSTOMER RETENTION CORRELATES WITH AT 25% INCREASE IN PROFIT
It's too expensive to keep acquiring customers that never come back.
To build long-term relationship with your customers you need to continuously improve their experience at every touchpoint.
Some key activities to focus on:
Understanding your customers' needs and preferences is key to optimizing your e-commerce store's customer value and providing a better customer experience.
We base our Meta strategies on real customer insights, allowing us to optimise our paid social campaigns more effectively.
A well-executed email marketing strategy can help you increase customer engagement, retention, and ultimately boost your e-commerce sales.
Implementing a loyalty program can be an effective way to incentivize customers to return to your e-commerce store, increase customer lifetime value, and build brand loyalty.
Offering subscription services can be an excellent way to provide convenience and value to customers while also generating recurring revenue.
Partnering with influencers can help you increase brand awareness, reach new audiences, and ultimately drive more sales.
Utilizing TikTok's growing popularity can be an effective way to reach younger audiences, increase brand awareness, and ultimately drive more sales for your e-commerce business.
Investing in creative and branding can help differentiate your e-commerce store from competitors and build brand recognition.
Incorporating a blog into your e-commerce store can help you establish thought leadership, improve search engine rankings, and ultimately drive more traffic and sales.
If you don’t, you might find value in our CVO forecast
Get Free Business ForecastOur team is proficient in using some of the best tools
available to create exceptional customer experiences and
maximise your customer's lifetime value.
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the full potential of your customer journey.