5 Ways to Keep Your e-Commerce Customers Longer and Boost Profit

Amazing FBA Amazon and ECommerce Podcast, for Amazon Private Label Sellers, Shopify, Magento or Woocommerce business owners, and other e-commerce sellers and digital entrepreneurs.

In today's highly competitive e-commerce landscape, retaining customers is crucial for any business looking to boost its profit. With the rise of online shopping, consumers have more options than ever before, making it essential for e-commerce companies to keep their customers engaged and coming back for more. So, how can you retain your e-commerce customers and increase profit at the same time? In this blog post, we will explore5 Ways to Keep Your e-Commerce Customers Longer and Boost Profit that can help you achieve both goals, and give you the tools you need to create a loyal customer base that will drive the growth of your business. From improving your customer service to implementing personalized marketing campaigns, these tactics will help you stand out in the crowded e-commerce market and achieve long-term success. Budai Media focuses on customer retention for ecommerce companies, believing it to be key to success. The company was founded by a geology student who discovered the potential of sales email copywriting while working a job he hated. Budai Media has grown to a 30-person team with 150+ clients, generating over $50,000,000 in extra revenue. The company is now 100% remote, and dedicated to being the best ecommerce retention marketing agency. Time Stamps [02:28:42] Introduction : Why Daniel Started His Agency [04:04:46] What is Retention Marketing? [06:25:49] The Basic Principles On Retaining Customers [06:39:65] 1st Principle : Pesonalized Experience [08:09:30] 2nd Principle : Customer Service [09:55:70] 3rd Principle : Offer Incentives [11:46:94] 4th Principle : Proper Use of Email Marketing [14:57:73] 5th Principle : Loyalty Program [17:08:46] How To Apply These Principles for Amazon Business? [20:07:07] Recap of the Principles and Services Offered eCommerce and Retention Marketing Retention marketing is the practice of focusing on increasing the lifetime value of customers and retention rate of a business. It's a strategy that is becoming increasingly important for e-commerce business owners, as they look for ways to grow their businesses and attract new customers. But retention marketing is not just important, it is vital. When a company can retain more of its customers, it can see an increase of profits by 20-80% (2X profits) by just a 5-10% increase in customer retention annually. And not just that, it costs 7 times less to get a second sale from a customer than it does to acquire a new one. The 5 Principles of Marketing Offer a Personalised Experience Excellent Customer Service Offer Incentives or Reasons to Buy From You Again Use Email Marketing and Using It Properly Loyalty Programme What Aspects of This Can You Use to Your Customers in the Amazon Focused Business? Personalization - packaging QR codes on packaging to somewhere else Give them a gift with QR code One of members left team and did a video Customer service - still applies Email marketing more relevant from 2023 using Amazon own email tool “Delivering happiness” - Zapos - sold to amazon Resources : Get More at amazingfba.com/klaviyo Free 30-minute DTC business audit (usually charged $200 but free) | Get Started Here!