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6.3.2024
10 minute
read
onshopify:

A weekly bulletin detailing the latest news and updates from Shopify.

6.3.2024
10 minute
read
onshopify logo

A weekly bulletin detailing the latest news and updates from Shopify.

Boost your brand's CLV: 7 strategies backed by Shopify Plus specialists

Enhancing Customer Lifetime Value (CLV) is essential if your brand is striving for sustained success, and hitting your growth objectives requires a personalised, expert-led roadmap focused on deepening customer relationships. This blog, written by our specialists, outlines a few of our favoured strategies.

1. Deepen personalisation by understanding your customer 

Understanding your customer is fundamental to designing and building an exceptional online experience. Personalisation is also the key to making customers feel recognised and appreciated — here are a few ways to collect invaluable customer info:

Shopify analytics: Harness Shopify's comprehensive analytics to track customer behaviours from their initial visit, and all the way through their purchase history.

Interactive quizzes: Utilise quizzes to engage customers interactively while gleaning valuable preferences that aid in customising recommendations. 

Customer service insights: Gain insights from your customer service team about customer preferences and issues, this is a direct line to customer thoughts and feelings. 

Feedback surveys and reviews: Leverage post-purchase surveys and encourage product reviews to gather direct feedback, informing both product development and personalisation strategies.

These data sources allow you to build a holistic customer view, enabling targeted marketing efforts and product recommendations that resonate on a personal level.

2. Loyalty programmes that reward engagement 

Loyalty programmes need to offer tangible value beyond conventional points systems by granting exclusive benefits, personalised rewards, and insider access. These programmes greatly enhance customer retention, affirming the brand’s appreciation for customer loyalty and fostering a sense of community.

3. Master Upselling and Cross-selling

Implementing upselling and cross-selling effectively can greatly enhance the customer experience and boost average order values. This approach hinges on offering recommendations that genuinely complement the customer's current basket, meeting their needs and ideally surpassing expectations.

“Personalized product recommendations aren’t just placed in front of a customer hoping they’ll buy it, they help customers find something they’ll actually be excited to purchase. It’s a win-win for both customers and brands. Shoppers enjoy a more personalized customer experience and merchants see boosts in average order values (AOV) and customer retention.” - Valeria Granda, Senior Agency Partner Manager, Rebuy Engine

4. Integrate advanced technologies: artificial intelligence is here to stay

AI is revolutionising how eCommerce brands operate, offering avenues for strategic cost savings and innovation. Beyond the more obvious applications like chatbots, AI's potential spans into:

Content creation: Use AI-driven tools to streamline content creation, from graphic design to copywriting, reducing the need for in-house creative teams, and accelerating go-to-market strategies.

Competitor analysis: Leverage AI for in-depth competitor research, helping you stay ahead of market trends and adjust strategies promptly.

Operational efficiency: Optimise inventory management and logistics operations by predicting demand. This prevents overstocking and streamlines supply chains to help cut costs. 

Customer behaviour prediction: Utilise AI to analyse and predict customer purchasing patterns, enabling you to proactively tailor your marketing and product offerings.

5. Segment strategically for targeted engagement

Categorising customers based on their CLV allows for more focused engagement strategies. Customising marketing, loyalty initiatives, and customer interactions to each segment ensures resources are deployed effectively, deepening customer bonds and maximising value. 

Need advice on how to segment your customers? Speak to an expert.

6. Prioritise retention and post-purchase engagement

Concentrating on retention is both economical and essential for cultivating a loyal customer base. Strategies that highlight satisfaction, solicit feedback proactively, and consistently strive to exceed expectations are key. 

Enhanced post-purchase engagement, via follow-up communications and satisfaction surveys, keeps your brand at the forefront, reinforcing the customer's choice and promoting ongoing loyalty.

7. Create exceptional customer experiences

The essence of boosting CLV lies in ensuring exceptional customer experiences across every touchpoint. The Shopify Plus platform, renowned for its reliability and the world’s best-converting checkout, enables an engaging and friction-free buying journey. Elevated customer experiences not only improve satisfaction but also keep your shoppers coming back. 

In conclusion…

Improving your CLV requires a comprehensive strategy that integrates deep customer understanding, leverages technology for personalised experiences, and commits to an unmatched customer experience.

By embracing a personalised roadmap, your eCommerce brand can secure enduring growth and a competitive edge over the rest of the market. Interested in finding out more? Speak to our team.

6.3.2024
10 minute
read
on brand logo

4 personalisation tactics & more

s for superco logo
6.3.2024
10 minute
read
onbrand:

A weekly bulletin detailing the latest news and updates from Shopify.

Boost your brand's CLV: 7 strategies backed by Shopify Plus specialists

Enhancing Customer Lifetime Value (CLV) is essential if your brand is striving for sustained success, and hitting your growth objectives requires a personalised, expert-led roadmap focused on deepening customer relationships. This blog, written by our specialists, outlines a few of our favoured strategies.

1. Deepen personalisation by understanding your customer 

Understanding your customer is fundamental to designing and building an exceptional online experience. Personalisation is also the key to making customers feel recognised and appreciated — here are a few ways to collect invaluable customer info:

Shopify analytics: Harness Shopify's comprehensive analytics to track customer behaviours from their initial visit, and all the way through their purchase history.

Interactive quizzes: Utilise quizzes to engage customers interactively while gleaning valuable preferences that aid in customising recommendations. 

Customer service insights: Gain insights from your customer service team about customer preferences and issues, this is a direct line to customer thoughts and feelings. 

Feedback surveys and reviews: Leverage post-purchase surveys and encourage product reviews to gather direct feedback, informing both product development and personalisation strategies.

These data sources allow you to build a holistic customer view, enabling targeted marketing efforts and product recommendations that resonate on a personal level.

2. Loyalty programmes that reward engagement 

Loyalty programmes need to offer tangible value beyond conventional points systems by granting exclusive benefits, personalised rewards, and insider access. These programmes greatly enhance customer retention, affirming the brand’s appreciation for customer loyalty and fostering a sense of community.

3. Master Upselling and Cross-selling

Implementing upselling and cross-selling effectively can greatly enhance the customer experience and boost average order values. This approach hinges on offering recommendations that genuinely complement the customer's current basket, meeting their needs and ideally surpassing expectations.

“Personalized product recommendations aren’t just placed in front of a customer hoping they’ll buy it, they help customers find something they’ll actually be excited to purchase. It’s a win-win for both customers and brands. Shoppers enjoy a more personalized customer experience and merchants see boosts in average order values (AOV) and customer retention.” - Valeria Granda, Senior Agency Partner Manager, Rebuy Engine

4. Integrate advanced technologies: artificial intelligence is here to stay

AI is revolutionising how eCommerce brands operate, offering avenues for strategic cost savings and innovation. Beyond the more obvious applications like chatbots, AI's potential spans into:

Content creation: Use AI-driven tools to streamline content creation, from graphic design to copywriting, reducing the need for in-house creative teams, and accelerating go-to-market strategies.

Competitor analysis: Leverage AI for in-depth competitor research, helping you stay ahead of market trends and adjust strategies promptly.

Operational efficiency: Optimise inventory management and logistics operations by predicting demand. This prevents overstocking and streamlines supply chains to help cut costs. 

Customer behaviour prediction: Utilise AI to analyse and predict customer purchasing patterns, enabling you to proactively tailor your marketing and product offerings.

5. Segment strategically for targeted engagement

Categorising customers based on their CLV allows for more focused engagement strategies. Customising marketing, loyalty initiatives, and customer interactions to each segment ensures resources are deployed effectively, deepening customer bonds and maximising value. 

Need advice on how to segment your customers? Speak to an expert.

6. Prioritise retention and post-purchase engagement

Concentrating on retention is both economical and essential for cultivating a loyal customer base. Strategies that highlight satisfaction, solicit feedback proactively, and consistently strive to exceed expectations are key. 

Enhanced post-purchase engagement, via follow-up communications and satisfaction surveys, keeps your brand at the forefront, reinforcing the customer's choice and promoting ongoing loyalty.

7. Create exceptional customer experiences

The essence of boosting CLV lies in ensuring exceptional customer experiences across every touchpoint. The Shopify Plus platform, renowned for its reliability and the world’s best-converting checkout, enables an engaging and friction-free buying journey. Elevated customer experiences not only improve satisfaction but also keep your shoppers coming back. 

In conclusion…

Improving your CLV requires a comprehensive strategy that integrates deep customer understanding, leverages technology for personalised experiences, and commits to an unmatched customer experience.

By embracing a personalised roadmap, your eCommerce brand can secure enduring growth and a competitive edge over the rest of the market. Interested in finding out more? Speak to our team.

s for superco logo
6.3.2024
10 minute
read

Boost your brand's CLV: 7 strategies backed by Shopify Plus specialists

4 personalisation tactics & more

Boost your brand's CLV: 7 strategies backed by Shopify Plus specialists

Enhancing Customer Lifetime Value (CLV) is essential if your brand is striving for sustained success, and hitting your growth objectives requires a personalised, expert-led roadmap focused on deepening customer relationships. This blog, written by our specialists, outlines a few of our favoured strategies.

1. Deepen personalisation by understanding your customer 

Understanding your customer is fundamental to designing and building an exceptional online experience. Personalisation is also the key to making customers feel recognised and appreciated — here are a few ways to collect invaluable customer info:

Shopify analytics: Harness Shopify's comprehensive analytics to track customer behaviours from their initial visit, and all the way through their purchase history.

Interactive quizzes: Utilise quizzes to engage customers interactively while gleaning valuable preferences that aid in customising recommendations. 

Customer service insights: Gain insights from your customer service team about customer preferences and issues, this is a direct line to customer thoughts and feelings. 

Feedback surveys and reviews: Leverage post-purchase surveys and encourage product reviews to gather direct feedback, informing both product development and personalisation strategies.

These data sources allow you to build a holistic customer view, enabling targeted marketing efforts and product recommendations that resonate on a personal level.

2. Loyalty programmes that reward engagement 

Loyalty programmes need to offer tangible value beyond conventional points systems by granting exclusive benefits, personalised rewards, and insider access. These programmes greatly enhance customer retention, affirming the brand’s appreciation for customer loyalty and fostering a sense of community.

3. Master Upselling and Cross-selling

Implementing upselling and cross-selling effectively can greatly enhance the customer experience and boost average order values. This approach hinges on offering recommendations that genuinely complement the customer's current basket, meeting their needs and ideally surpassing expectations.

“Personalized product recommendations aren’t just placed in front of a customer hoping they’ll buy it, they help customers find something they’ll actually be excited to purchase. It’s a win-win for both customers and brands. Shoppers enjoy a more personalized customer experience and merchants see boosts in average order values (AOV) and customer retention.” - Valeria Granda, Senior Agency Partner Manager, Rebuy Engine

4. Integrate advanced technologies: artificial intelligence is here to stay

AI is revolutionising how eCommerce brands operate, offering avenues for strategic cost savings and innovation. Beyond the more obvious applications like chatbots, AI's potential spans into:

Content creation: Use AI-driven tools to streamline content creation, from graphic design to copywriting, reducing the need for in-house creative teams, and accelerating go-to-market strategies.

Competitor analysis: Leverage AI for in-depth competitor research, helping you stay ahead of market trends and adjust strategies promptly.

Operational efficiency: Optimise inventory management and logistics operations by predicting demand. This prevents overstocking and streamlines supply chains to help cut costs. 

Customer behaviour prediction: Utilise AI to analyse and predict customer purchasing patterns, enabling you to proactively tailor your marketing and product offerings.

5. Segment strategically for targeted engagement

Categorising customers based on their CLV allows for more focused engagement strategies. Customising marketing, loyalty initiatives, and customer interactions to each segment ensures resources are deployed effectively, deepening customer bonds and maximising value. 

Need advice on how to segment your customers? Speak to an expert.

6. Prioritise retention and post-purchase engagement

Concentrating on retention is both economical and essential for cultivating a loyal customer base. Strategies that highlight satisfaction, solicit feedback proactively, and consistently strive to exceed expectations are key. 

Enhanced post-purchase engagement, via follow-up communications and satisfaction surveys, keeps your brand at the forefront, reinforcing the customer's choice and promoting ongoing loyalty.

7. Create exceptional customer experiences

The essence of boosting CLV lies in ensuring exceptional customer experiences across every touchpoint. The Shopify Plus platform, renowned for its reliability and the world’s best-converting checkout, enables an engaging and friction-free buying journey. Elevated customer experiences not only improve satisfaction but also keep your shoppers coming back. 

In conclusion…

Improving your CLV requires a comprehensive strategy that integrates deep customer understanding, leverages technology for personalised experiences, and commits to an unmatched customer experience.

By embracing a personalised roadmap, your eCommerce brand can secure enduring growth and a competitive edge over the rest of the market. Interested in finding out more? Speak to our team.

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