Remove Affiliate Remove Partner Remove Reference Remove Retention
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5 Effective Ways for Startups to Lower Customer Acquisition Costs

Up and Running

We’ll cover the following strategies: Retargeting and remarketing Partner programs A/B testing Customer retention Automated processes. Partner program. A partner program is exactly what it sounds like. Launched at the start of 2018, our affiliate program has been an integral part of our marketing strategy ever since.

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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
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How to Increase eCommerce Sales — Growth Tips from Industry Experts

Up and Running

It helps similar customers relate, and provides authentic and trustworthy sources for them to reference when deciding to make a purchase. And it’s the unlock that’s helped produce nearly a million dollars a year in passive income for my partner, Mark, and me. My favorite of all the strategies is customer retention.

eCommerce 152
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What is CRM? Customer Relationship Management Explained

Up and Running

Provide employees with the information and processes necessary to know their customers, understand their needs, and effectively build relationships between the company, its customer base, and distribution partners. In its simplest form, a CRM will help you increase customer retention, which in turn increases profits.

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Introduction to Growth Hacking for Startups

VC Cafe

They should understand the different states of the user (Acquisition, Activation, Retention, Revenue) and focus on moving users from one state to the next. Retention - Users come back to the site through emails, social media and stay active with product features (“you’ve got a message”).

API 167
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Demand Generation: 7 Tactics to Fuel Your Funnel

ConversionXL

Having launched an open affiliate program that paid 30% commission for the lifetime of the customer, ConvertKit built a loyal customer base that was growing with the company. They used this to their advantage, hosting webinars with affiliate partners and using their influence to drive sales. Social proof is a powerful thing.

Demand 115
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Startup Tools

steveblank.com

It’s more reference material. Blogs (VC): Antonio Rodriguez [link] – A very technical VC at Matrix partners who can actually code. … I think Steven Gary Blank, the guy behind “The Four Steps To The Epiphany,&# has this nice list which I reference periodically. Your list is a great reference by the way.