Though we are all unique individuals, the majority of our activities are driven by habits. If your customers habits are to reorder after they run out of your product and you can see that, it’s reasonable then to predict when they’ll be buying again. Even the best habits get broken though. External and internal events …
Tag: forecasting
Creating a sales forecast for your Shopify store using Customer Purchase Latency
Today I want to teach you a bit about how to use your Customer Purchase Latency and campaign results to predict the future. No crystal ball required. Let’s use the data below as an example (if you have Repeat Customer Insights installed, feel free to follow along by looking at your own numbers) The first …
Predicting customer orders using Customer Purchase Latency in Shopify
A Repeat Customer Insights customer emailed me a question about the Customer Purchase Latency report and how they could use the previous customer behavior to make a prediction about repurchases. [I would like to know] are my customers most likely to purchase within 30 days from the last order, Let’s use the data below as …