This calculator was designed to show you the additional revenue a loyalty program can potentially contribute to your bottom line annually.
Why are global Ecommerce merchants prioritizing investment in Customer Retention?
In short, it costs less to sell more.
A customer becomes more valuable over time — and a robust retention strategy will enable you to keep your current customers longer.
Some quick stats:
It costs up to 5x more to acquire a new customer than to convert an existing customer into a repeat buyer.
According to Shopify, customers who have previously purchased are more likely to buy again — about 65% compared to the 13% chance that a prospect will be converted into a buyer.