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Tweet us with your store name to
@VantageAnalytic for your chance to
win a Free Campaign! #eComTO
WHERE DO YOU GO FOR
METRICS/INSIGHT?
1
AGENDA
1. Some Top Metrics
- Repeat Customer Rate
- Abandon Rate
2. Turning Insight into Action
3. Discussion
2
REPEAT CUSTOMER RATE
3
WHAT IS REPEAT CUSTOMER RATE?
The percent of customers who have purchased
more than once.
This value varies widely across store categories:
• Clothing: 8%
• Gifts & Souvenirs: 6%
• Smoking Products: 23%
4
WHY IS REPEAT CUSTOMER RATE
CRUCIAL?
• This is the easiest customer segment to target with
marketing campaigns
• They are your brand ambassadors
• Average Repeat Customer rate across our
merchants: 8%
5
WHY IS REPEAT CUSTOMER RATE
CRUCIAL?
Repeat Customers tend to spend more than first time
purchasers
Store Category Percent Increase
Electronics/Appliances 56%
Hobby/Toy/Sporting Good 50%
Health and Personal Care 22%
Furniture/Home Furnishings 34%
6
TIMING OF REPEAT PURCHASES
Anonymized Store X
7
Optimal Time To Re-engage
ABANDON RATE
8
WHAT IS ABANDON RATE?
• The percentage of all checkouts that were started
but never completed
• For the average shop, approximately half the
checkouts that are filled out, will be abandoned.
• A cart can be abandoned once, a customer can
abandon multiple times
• Abandon Rates in the last 90 Days across store
categories:
Clothing: 32.9%, Jewelry: 26.9%, Furniture: 42.2%
9
WHY IS ABANDON RATE IMPORTANT?
• Unique to ecommerce - take advantage of this!
• Rethink how your customers abandon carts –
the customer lifecycle.
10
Customer: Paula
Checkout 1, Monday:
Abandoned Carts: 100% (1 of 1)
Abandoned Customers: 100% (1 of 1)
11
Customer: Paula
Checkout 2, Wednesday:
Abandoned Carts: 100% (2 of 2)
Abandoned Customers: 100% (1 of 1)
12
Customer: Paula
Checkout 3, Friday:
Abandoned Carts: 100% (3 of 3)
Abandoned Customers: 100% (1 of 1)
13
Customer: Paula
Checkout 4, Saturday:
Abandoned Carts: 75% (3 of 4)
Abandoned Customers: 0% (0 of 1)
14
HOW DO I DECREASE MY ABANDON
RATE?
• Find these customers and reach out to them
post abandon
• Consider different types of abandon rates –
Customer Abandon Rate vs. Cart Abandon Rate
15
TURNING THESE METRICS INTO
ACTIONS
1. Target the right PEOPLE
2. Target those people with the right CAMPAIGN:
CHANNEL, OFFER, CALL TO ACTION
3. Target those people with a campaign at the right
TIME
16
ACTION YOUR INSIGHT
17
MEASURE YOUR RESULTS
Revenue – Return on Investment, Average Order Value
Orders – Average Order Size
Customers – Number of New Registrations
Click Through Rate, Reach, Impressions….
18
THANK YOU FOR COMING!
@VantageAnalytic
www.VantageAnalytics.com
Info@VantageAnalytics.com
19

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eCommerce Metrics: Turn Customer Data Into Actionable Insight

  • 1. Tweet us with your store name to @VantageAnalytic for your chance to win a Free Campaign! #eComTO
  • 2. WHERE DO YOU GO FOR METRICS/INSIGHT? 1
  • 3. AGENDA 1. Some Top Metrics - Repeat Customer Rate - Abandon Rate 2. Turning Insight into Action 3. Discussion 2
  • 5. WHAT IS REPEAT CUSTOMER RATE? The percent of customers who have purchased more than once. This value varies widely across store categories: • Clothing: 8% • Gifts & Souvenirs: 6% • Smoking Products: 23% 4
  • 6. WHY IS REPEAT CUSTOMER RATE CRUCIAL? • This is the easiest customer segment to target with marketing campaigns • They are your brand ambassadors • Average Repeat Customer rate across our merchants: 8% 5
  • 7. WHY IS REPEAT CUSTOMER RATE CRUCIAL? Repeat Customers tend to spend more than first time purchasers Store Category Percent Increase Electronics/Appliances 56% Hobby/Toy/Sporting Good 50% Health and Personal Care 22% Furniture/Home Furnishings 34% 6
  • 8. TIMING OF REPEAT PURCHASES Anonymized Store X 7 Optimal Time To Re-engage
  • 10. WHAT IS ABANDON RATE? • The percentage of all checkouts that were started but never completed • For the average shop, approximately half the checkouts that are filled out, will be abandoned. • A cart can be abandoned once, a customer can abandon multiple times • Abandon Rates in the last 90 Days across store categories: Clothing: 32.9%, Jewelry: 26.9%, Furniture: 42.2% 9
  • 11. WHY IS ABANDON RATE IMPORTANT? • Unique to ecommerce - take advantage of this! • Rethink how your customers abandon carts – the customer lifecycle. 10
  • 12. Customer: Paula Checkout 1, Monday: Abandoned Carts: 100% (1 of 1) Abandoned Customers: 100% (1 of 1) 11
  • 13. Customer: Paula Checkout 2, Wednesday: Abandoned Carts: 100% (2 of 2) Abandoned Customers: 100% (1 of 1) 12
  • 14. Customer: Paula Checkout 3, Friday: Abandoned Carts: 100% (3 of 3) Abandoned Customers: 100% (1 of 1) 13
  • 15. Customer: Paula Checkout 4, Saturday: Abandoned Carts: 75% (3 of 4) Abandoned Customers: 0% (0 of 1) 14
  • 16. HOW DO I DECREASE MY ABANDON RATE? • Find these customers and reach out to them post abandon • Consider different types of abandon rates – Customer Abandon Rate vs. Cart Abandon Rate 15
  • 17. TURNING THESE METRICS INTO ACTIONS 1. Target the right PEOPLE 2. Target those people with the right CAMPAIGN: CHANNEL, OFFER, CALL TO ACTION 3. Target those people with a campaign at the right TIME 16
  • 19. MEASURE YOUR RESULTS Revenue – Return on Investment, Average Order Value Orders – Average Order Size Customers – Number of New Registrations Click Through Rate, Reach, Impressions…. 18
  • 20. THANK YOU FOR COMING! @VantageAnalytic www.VantageAnalytics.com Info@VantageAnalytics.com 19