Shopify articles - Page 34

Don't underestimate the power of an automated email report

The really useful part about having Repeat Customer Insights email me the reports is that it makes it really easy to stay up on how the business is operating. For a couple of years now I've been using the weekly Monday Morning Metrics to monitor sales last week from new...

Leverage your customer insights to find hidden opportunities

Understanding your customers is a key to growing your Shopify business. Done correctly, you can convert customer data into information about their behavior and preferences. Then you can use that to better tailor your store and products to them, letting your customers help you succeed. Since there are innumerable different...

The importance of measuring your Shopify store's retention rate

Retention rate is crucial for the success of any Shopify store. Retention rate directly relates to customer loyalty and repeat purchases while also helping to keep acquisition costs down. Repeat Purchase Rate and Returning Customer Rate are two metrics that directly measure your customer retention. If you sell subscriptions, then...

Rules of thumb to measure your Shopify store performance

There are a lot of metrics Repeat Customer Insights calculates for you but it can become confusing to know if they are improving. Is increasing up good or bad? The app will automatically highlight problem areas but here's a few rules of thumb you can use. Average Latency You want...

Look for seasonal buying patterns in your customers

The sun and heat have come back to Portland which means it's the dry season again. Time for great growth in the garden but also a lot of watering. With the experience gained from the past few years, I have a pretty good idea of what to generally expect though...

When trends matter more than absolutes for store analysis

When managing your Shopify store's metrics, oftentimes the trend is more important than the absolute value. With a trend you can see improvements (or problems) which can tell you the underlying story about what's happening. If I told you that water in the pool was 70 degrees F, that might...

The importance of planning your marketing campaigns early

Marketing campaigns tend to work better when there's enough time to think through them and not rush them out. This requires getting them ready ahead of the time. Based on Shopify's surveys, around mid-year many of the larger Shopify stores start to plan out their Black Friday and winter holiday...

Simple yet effective ways of increasing Average Order Value for Shopify stores

I had a Repeat Customer Insights customer asking about how to increase their order sizes and Average Order Value (aov). Most optimization ideas revolve around giving customers an incentive to order more than usual. Tactic #1: Target the low-spenders To move your Average Order Value up, you can target your...

Check on your Shopify store's customer retention regularly

The best time to plant a tree was twenty years ago, the next best time is today. Just like the best time to review your customer retention is continuously, the next best time is today. Retention is usually ignored by Shopify stores until it's too late. It's not as attractive...

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