Bonus programs, automation of feedback collection, and 7 more options for increasing repeat sales. Repeat sales are important for any business. It is more economically profitable to sell to existing customers than to waste time and money on attracting new ones. If a user already has a positive purchasing experience, you have a 65% chance of reselling the product to them. You only have a 5-20% chance of selling to new leads. In the material, We’ll tell you how to choose the right method of repeat sales for your business.
Why are repeat sales important?
The number of transactions is growing. New clients do not bring in stable revenue. Repeat purchases lead to increased sales. The better the work with Kuwait Phone Number Data existing clients, the more often they return and buy again, which means the number of transactions increases and profits grow. Want to master end-to-end analytics? Attend a regular analytics masterclass from Roistat. Connect Repeat sales mean stability. When customers return, again and again, revenue increases and the business becomes more reliable. And even if new customers don’t come for some reason, the business will stay afloat due to repeat sales and regular customers.
Marketing costs are getting lower
Attracting new users is more expensive than stimulating existing customers to make a new purchase. In addition, satisfied customers act as “word of mouth” – they tell their friends about the product. The company receives new customers from a free traffic Egypt Phone Number List channel. Repeat customers are already satisfied with the price. Regular customers are already loyal, they are satisfied with the price-quality ratio, they understand the value of the product or service, and the company’s policy is close to theirs. They will not go to competitors for a lower price, because the value of the product is more important to them.
Leave a Reply