Shopify articles - Page 26

The importance of measuring your Shopify store's retention rate

Retention rate is crucial for the success of any Shopify store. Retention rate directly relates to customer loyalty and repeat purchases while also helping to keep acquisition costs down. Repeat Purchase Rate and Returning Customer Rate are two metrics that directly measure your customer retention. If you sell subscriptions, then...

Rules of thumb to measure your Shopify store performance

There are a lot of metrics Repeat Customer Insights calculates for you but it can become confusing to know if they are improving. Is increasing up good or bad? The app will automatically highlight problem areas but here's a few rules of thumb you can use. Average Latency You want...

Look for seasonal buying patterns in your customers

The sun and heat have come back to Portland which means it's the dry season again. Time for great growth in the garden but also a lot of watering. With the experience gained from the past few years, I have a pretty good idea of what to generally expect though...

When trends matter more than absolutes for store analysis

When managing your Shopify store's metrics, oftentimes the trend is more important than the absolute value. With a trend you can see improvements (or problems) which can tell you the underlying story about what's happening. If I told you that water in the pool was 70 degrees F, that might...

The importance of planning your marketing campaigns early

Marketing campaigns tend to work better when there's enough time to think through them and not rush them out. This requires getting them ready ahead of the time. Based on Shopify's surveys, around mid-year many of the larger Shopify stores start to plan out their Black Friday and winter holiday...

Simple yet effective ways of increasing Average Order Value for Shopify stores

I had a Repeat Customer Insights customer asking about how to increase their order sizes and Average Order Value (aov). Most optimization ideas revolve around giving customers an incentive to order more than usual. Tactic #1: Target the low-spenders To move your Average Order Value up, you can target your...

Check on your Shopify store's customer retention regularly

The best time to plant a tree was twenty years ago, the next best time is today. Just like the best time to review your customer retention is continuously, the next best time is today. Retention is usually ignored by Shopify stores until it's too late. It's not as attractive...

Boost customer retention in your Shopify store using personalization

One way to increase customer retention in your Shopify store is to embrace personalization. Shopify, as the platform, allows for customers to have accounts when they shop in your store. With the customer accounts you can do all sorts of things, including personalization as they shop your store. With Shopify's...

Boost your sales by detecting and keeping VIP customers

As part of the Automatic Segments in Repeat Customer Insights, I created a VIP segment. That segment is automatically updated to show who the current VIPs are. I define VIP customers in the app as: the best of the best customers they spent the most with the store they buy...

Boost customer loyalty through community building

Growing up in California, Cinco de Mayo was always a fun day. The weather usually was starting to turn warm and everyone would spend more time outside. I remember close-knit parades, lots of good food, and good times hanging out with friend and family. The holiday always had a great...

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