article thumbnail

8 Metrics Every Online Business Should Monitor

SurveySensum

Running upselling or cross-selling campaigns Implementing loyalty programs Bundling products or creating packages Adding add-ons like gift-wrapping for an extra $1 or name-carving for $3 4. Shopping Cart Abandonment Rate This pointer is pretty self-explanatory. Some may work in your favor while some may not.

Metrics 52
article thumbnail

Cart Abandonment Recovery: 5 Ways to Recover Abandoned Online Shopping Carts

Optimove

The average cart abandonment rate in retail is over 70% on desktop and over 80% for mobile shoppers, meaning over two-thirds of online carts don’t result in a sale. It’s a costly and frustrating problem; annually, e-commerce retailers lose a total of $18 billion in sales to abandoned carts. The benefits are compelling.

Retail 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

5 Top Customer Service Articles for the Week of April 29, 2019

ShepHyken

Customer Loyalty! ROI, website visits, website return visits, shopping cart abandonment rates, and average customer spend are all important and well-used metrics to evaluate the success of a business. 76% of Customers Choose Loyalty Programs that Collect ONLY Name and Phone Number by Michael Guta.

article thumbnail

6 Important Customer Experience Metrics to Level up Your Game

SurveySparrow

Even finding out your loyal customers is a huge advantage as you can get them to be a part of your loyalty program to reap greater rewards. Each customer’s value is linked to the ROI of the investment in customer experience activities as well as the revenue of the company. Your NPS score can range anywhere from -100 to +100.

Metrics 52
article thumbnail

How to Pick the Best Customer Journey Analytics Platform for Your Needs

Pointillist

This effort has reaped rewards for Black Diamond, increasing sales significantly and dropping cart abandonment rates. How to Maximize Your Journey Analytics ROI. Handpicked Related Content: The evolution of marketing platforms: From automation to journeys. Customer Journey Orchestration: Accordant on Finding a Path to Purchase.