The Repeat Buyers report is a specialized Customer Relationship Management report. It is designed to identify repeat buyers who should be considered a merchant’s most valuable target audience based on the period selected and filters applied.
Here are some surprising statistics about the value of repeat customers.
- Repeat customers are likely to spend 300% more on your business compared to new buyers.
- Acquiring new buyers cost 5 times more than retaining repeat customers.
- Repeat customers are 67% more likely to purchase your products than new buyers.
- Repeat customers are worth as much as 10 times the value of their first purchase.
- A 5% increase in customer retention can increase a company’s profitability by 75%.
The more loyal customers a merchant secures, the more successful it will be. Understanding the advantages of earning repeat customers is the foundation to grow your company.
This report provides advanced filtering capabilities to segment repeat customers for effective marketing campaigns and promotions. You’ll be able to target the right customers at the right time for the right promotions to improve your customer retention rate.
Reports are crucial for any business, especially yours. Marketplace Reporting provides you with better reports so you can have better results for your business wherever you happened to be.
Checkout our YouTube video Repeat Buyers report found in Communique for Marketplaces for an in-depth look at how automating your business workflows and processes can help your business grow.
Are you ready to automate your workflows to gain maximum productivity? Take a look at one of our recent projects to learn more about how we can help with your business automation, 3rd party integrations, and reporting, contact us.
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