Churn Rate: What It Means, Examples, and Calculations
Minimizing churn is essential for maintaining a strong customer base. A lower churn rate not only reveals your customers are happy but also helps in building a loyal community that supports and promotes your brand.
How to Calculate Your Customer Retention Rate
A high customer retention rate not only provide a steady revenue stream but also helps attract new customers through positive word-of-mouth and referrals.
How Do You Build Customer Retention and Loyalty
By focusing on customer retention and loyalty, businesses gain a deeper understanding of customer behaviors, identify strengths and weaknesses in their business to implement strategies for long-term loyalty and growth.
Why Shopify Is the Future of Luxury E-commerce
If you want your ecommerce business to be consistently successful, your site must be agile and adapt quickly to new trends in both consumer and search engine behavior. Shopify makes this incredibly easy. With Cartier, Rolex and Tiffany’s now using Shopify, there’s no reason you shouldn’t either -- particularly since Shopify began as a platform for small businesses.