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Smarter data: Reach high-propensity shoppers and deliver optimal digital impact

Inside Retail

If you don’t have purchase data or rely on outdated demographic or contextual targeting tactics, this is a tough mountain to climb. And even if you have first-party data, it’s hard to reach relevant audiences at scale. Better insights – using a high-propensity audience can provide you with valuable insights into your customer base.

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What investors want: The four e-commerce metrics that matter most

Inside Retail

With e-commerce businesses, the platforms we use to facilitate online business such as Shopify, various apps and software that directly integrate with the platform and performance marketing tools, give us real-time insight into the analytics and metrics that matter. Know your Return on Advertising Spend (ROAS).

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Trade Promotion vs Consumer Promotion: A Comparative Analysis

Wiser

As noted previously, trade promotion refers to marketing activities that aim to stimulate demand and increase the sales of a product or service among a business’ supply chain partners, such as wholesalers and retailers. Free samples: Providing free samples can help retailers encourage new customers to try a product and stimulate demand.

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Loss Leader Pricing: Powerful Tool or Slippery Slope?

Wiser

Businesses must carefully evaluate their financial position, considering factors such as profit margins, customer acquisition costs, and long-term sustainability. It requires a thorough analysis of your target market, competition, and overall business goals. A few good examples are electric toothbrushes and manual razors.

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Leverage Tech in the 5-Step Selling Process

Storis

In fact, research shows that with follow-up or targeted marketing, approximately 20% of originally unsold guests can become converting customers. Likewise, the goal of retailers today shouldn’t be a singular sale, but rather customer retention.

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Boost Sales & Loyalty: Mastering Retail Analytics Insights [2024]

Retalon

The global AI in retail market’s revenue share from predictive analytics-driven programmatic advertising and market forecasting stood at 33.1% in 2022, hinting at the burgeoning reliance on these sophisticated tools. Real-time monitoring allows businesses to stay agile—adjusting strategies as market dynamics shift.

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Adapting To Changing Consumer Behavior: Strategies For Indie Retailers

Retail Minded

Automation and analytics have made it possible for retailers to identify customer trends quickly and respond in real time. This helps them understand customer needs better and create more targeted marketing campaigns that yield higher returns on investments (ROI).