article thumbnail

Retention Optimization: How to Increase the Value of a Conversion

ConversionXL

Well, it’s retention. (No, Consider that 40% of an ecommerce store’s revenue is created by 8% of its customers and that 82% of companies agree that retention is cheaper than acquisition. If retention (a long-term relationship) is your focus, your funnel can be optimized to encourage people to convert again and again. Tweet It!].

article thumbnail

Acquire New Users by Adding Growth Hacking to your Marketing Strategy

ConversionXL

You can calculate retention using the following formula: Customers at the end of the period – new customers gained within the period / the number of customers at the beginning of the period x 100 = customer retention rate. Use this information to optimize for retention with: Transactional messaging. Gamification.

Retention 113
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

[Infographic] 2013 Is The Year Skilled Workers Are In Demand Again??

YoungUpstarts

Finally some good news for the global economy – the jobs scene is once again looking brighter in 2013. Highlights from the report: - A whopping 70% of small businesses – and 61% of large companies – expect their business performance to improve in 2013.

Demand 145
article thumbnail

[Singapore] Local ICT Industry Cite Manpower Cost As Key Challenge

YoungUpstarts

” Amongst other potential improvements, industry players are hoping for manpower policies reviewed in the upcoming Budget 2013 to allow companies to have enough time to adjust and industry to work with institutions to groom the right talents for jobs before further tightening of the foreign labor.

Singapore 133
article thumbnail

10 Higher Education Trends To Watch For In 2019

YoungUpstarts

An oft-quoted 2013 Oxford University whitepaper forecasts that 47 percent of jobs could be lost to technology over the next 20 years. It spreads out the cost naturally, improves retention, and keeps the information updated and relevant in industries that evolve overnight. Business leaders must change how they hire and train employees.

article thumbnail

Twitter Link Roundup #226 – Small Business, Startups, Innovation, Social Media, Design, Marketing and More

crowdSPRING Blog

Customer] Retention is King (good insights on measurement) – crowdspring.co/1haiyJt. Customer] Retention is King (good insights on measurement) – crowdspring.co/1haiyJt. Customer] Retention is King (good insights on measurement) – crowdspring.co/1haiyJt. Need a great name & URL for your new business?

article thumbnail

Developing The Ideal Client Relationship

YoungUpstarts

According to a 2013 Bazaar survey, 7 out of every 10 customers question the authenticity of reviews on a company’s website. Developing a trusting relationship with your clients and customers can also lead to client and customer retention long term. Develop Trust. Balancing the Personal and Professional.

Developer 100