Repeat purchase rate

[Aklima@444]

Repeat purchase rate indicates the percentage of customers that have shopped more than once at your store.

You may think that a customer who ordered from you only three times might not be considered a loyal customer. But, keep in mind that after the first purchase, the likelihood of a customer making a second purchase is 30%. And, after the second purchase, their likelihood of a third purchase jumps to 50%. By investing in your customers who have higher repeat purchase rates, you will generate more revenue. And, through analyzing your customers’ repeat purchase rate, you can also easily understand which customers to invest in.

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Hint: Try retargeting the customers who have higher repeat telegram data purchase to motivate them to return to your site and make a purchase.

If you have a loyalty program, you can also implement a tiered loyalty program structure or create promotional campaigns to encourage repeat purchases further.

? Net promoter score
Net promoter score is a survey that asks your customers how likely they are to recommend your store to others on a scale of zero to ten. Keep in mind that people are four times more likely to buy when referred by a friend. In other words, referrals help you increase the number of new shoppers whilst keeping your acquisition costs low.