What we learned from our webinar with DSTLD and Optimove
How do you keep customers coming back? Our latest webinar answers just that question, and features DSTLD Customer Experience Manager Laura Gramlich (read our guest post from Laura here) and Optimove Solutions Engineer Leigh Noy, hosted by our own Senior Manager of Marketing Programs Stacey Dolchin. We discussed how to build loyalty with the rush of customers that companies acquire during a busy period. Whether that’s holidays, product launches, or special events, you need to prioritize loyalty and retention to be successful.
Our conversation with DSTLD and Optimove brought up an array of useful insights for dealing with these issues, perfect for any brands looking to build a stronger relationship with first-time buyers.
DSTLD is a brand that prioritizes their end-to-end experience to turn their customers into diehard fans. By selling high-quality denim and basics directly to consumers at a fraction of the price of bigger brands, they’ve struck a chord with fashion-enthusiasts. Their unique offering drives interest, but it’s important to keep these shoppers coming back for more. DSTLD has a few strategies for this:
Individualized and Personal Customer Service: By integrating their existing shopping platforms with Kustomer, they can view orders and customer conversations together. By having this information in one timeline, it’s easy to deliver fast, intuitive assistance.
Real-time Chat: One of the highest rates of drop-off for an ecommerce site occurs when a customer has issues prior to and at checkout. After launching chat on their site, DSTLD was able to respond immediately to their customers and answer their questions, resulting in a higher conversion rate at checkout.
Post-Purchase Automation: If deliveries are delayed due to a weather event, DSTLD’s goal is to identify customers who may be affected by using Kustomer, and then reach out to those who have been affected with an automated message that allows them to easily pick the next course of action.
Improved Returns Experience: DSTLD has made their returns experience a priority, constantly innovating and scaling up in the offseason to deliver the best possible experience when demand is high. Their new process for exchanges makes completing them even easier, meaning customers receive their item even faster than before.
Optimove picked up where DSTLD left off, sharing how to retain customers and build engagement after a high-demand period. They suggest following 3 key steps to make a difference in your experience to build a bond for life with customers.
1. Detect and Reward Your VIPs: VIP’s (the top 5% of customers) are responsible for 60% of your revenue according to Optimove, so it’s crucial to find them and treat them right. Look at the journey of your current VIPs to identify future candidates, then give them early access and special offers — but don’t take your current VIPs for granted, either.
2. Create a Plan for Post-Holiday Retention: The average transaction amount during the holiday season is 30% higher for repeat customers than new customers, but newly acquired customers during the holiday are 90% less likely to return for repeat business — making it all the more crucial to have a retention plan ready.
3. Strategize for The Long Game: The chances of making another transaction increases as the number of initial transactions increase — that means there’s a real incentive and knock-on effect to converting first-time shoppers. Analyze them, and apply what you’ve learned from your multi-time shoppers to convert more first-timers into repeat customers.
Clearly there’s real value in focusing on a long-term strategy for getting customers to buy from you again and again, beyond simply making more sales. Repeat customers are more loyal and enthusiastic for your brand, and buy far more than the shoppers who just stop in when demand is high. A solid strategy, top-notch experience, and a commitment to finding and encouraging the customers who are most likely to keep coming back is what will make the difference for your business — and knowing everything about your customers makes it that much easier.