However, a subscription movie viewing service sells one month of access to movies for 400 rubles. If a client uses the service for a year, he will bring the company 4,800 rubles. CRR (customer retention rate) or Retention Rate is an indicator that helps assess how successfully a business retains customers. The value of this indicator shows how the business works Lebanon Phone Number Data with its customer base. CRR = (Number of clients at the end of the period – Number of new clients for the period) / Number of clients at the beginning of the period * 100% For example, at the beginning of summer, the subscription service had 512 clients; in June, 63 new users connected, and 14 unsubscribed.
This means that at the end of the month
Therefore company had 561 clients = 512 at the beginning of the month + 63 new ones – 14 refused. CRR = (561 clients at the end of June – 63 new clients) / 512 clients at the beginning of June * 100% = 97% We talked about 6 business metrics that need to be tracked to get the most from advertising. How to increase repeat sales: we share proven methods There are many more ways to increase repeat sales, and we have collected the most popular ones.
Regular newsletters
Therefore newsletter is a way to tell the client “We remember you. Look how much interesting stuff we have” or “What you liked is now in stock.” The more attentive your emails are to user needs, Therefore more positive the feedback will be. Why email marketing is necessary for business was discussed in our blog. 2. Segmentation of the customer base. Therefore Segmenting your Vietnam Phone Number List customer base helps increase conversion into repeat applications and sales. The company sees different portraits of the audience, can more accurately address the pain points of clients, and displays advertising on those platforms that are used by different segments.
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