Did you know: even 5% increase in customer retention can boost profits by 25 to 95% – studies by Bain & Company, along with Earl Sasser of the Harvard Business School. Starbucks, for example, had experienced 26% rise in profit and 11% rise in total revenue in 2013 when it succeeded in creating customer loyalty by rewarding them. Magestore is also a prime example when it gains 60% customers coming back with a best-fit and powerful loyal system.
So what does all this mean for your business? The more loyal customers you have – the higher your profits.
Now the matter is that how can you attain that all-important 5% increase in customer retention?
The latest Magestore publication – How to maintain high level of customer engagement with Magento Reward Points system – will answer your question. As you know, Reward Points is one of the most powerful extensions to create, maintain and strengthen relationship between a business and its customers.
About the guide
The white paper is a comprehensive spectrum of information on various reasons with specific example and illustrations that are visualized step by step. The sections cover:
- What is your ROI for a Reward System?
- A Magestore story – What we do to gain 60% visitors coming back?
- Exclusive features WE HAVE but THEY DON’T
Download this white paper for free and get ready to win you customer loyalty with Reward Point extension. Enjoy reading!
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