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South Shore Buds - New Monthly Report - September

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Created on October 14, 2024

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Transcript

South Shore Buds
tactfirm.com

SEPTEMBER RETENTION

LAST MONTH'S STRATEGY RECAP

Revenue

$113,214

Revenue from Campaigns

View Full Breakdown

View

Winbacks

CAMPAIGNMETRICS

$21,432

RETENTIONMETRICS

UPCOMINGSTRATEGY

New Revenue from Winbacks

View Metrics

View Page

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View Full Results

South Shore Buds
tactfirm.com

HOME

SEPTEMBER RETENTION

WINBACK SEPTEMBER

TOTAL CUSTOMERS & REVENUE FROM ALL WINBACKS

$21,432

$240,599

Revenue Recovered

Revenue Recovered

285

221

1,526

3,826

Customers Recovered

Purchases Made

Customers Recovered

Purchases Made

WINBACKTABLE

WINBACKCHART

See More

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South Shore Buds
tactfirm.com

HOME

SEPTEMBER RETENTION

RETENTION METRICS

SEPTEMBER

CUSTOMERMETRICS

See More

AVERAGE PURCHASE FREQUENCY

REVENUEMAKEUP

See More

See More

South Shore Buds
tactfirm.com

HOME

SEPTEMBER RETENTION

UPCOMING STRATEGY

  • Continue with winbacks.
  • Narrow down the best revenue-generating incentives.
    • i.e. Odd $ off amount to see if that makes customers look twice.
  • Test product reward incentives versus a simple $ off to see if that creates better traction.
  • Encourage first-time customers to stay opted-in when they sign up through welcome email.

More Weekly WinbacksSend winback campaigns weekly with incentive expiring every week.Push for Opt-Ins with First-Time CustomersTarget Loyal customer groupDeep dive non loyal repeat purchasers

MONTHLY REVENUE MAKEUP

% of Total

Customer Type

Revenue

Loyal Customers

$304,746

41%

FirstTimers

$62,342

8%

$374,434

50%

Semi-Regulars

Winback Chart

REVENUE

0.4%

September

1.9%

-14.9%

$741,918

$113,214

$90,910

Total Store Revenue

Total Revenue from Campaigns

Total Revenue from Weekly Campaigns

$21,432

$90,910

$12,080

Weekly Campaigns

Winback Campaigns

Revenue Attributed to Link Clicks

$47.70

$61.76

$4,376

Avg Campaign Spend

Avg Winback Spend

Revenue Attributed to SMS Opens

$59.03

$74,454

Avg Storewide Spend

Revenue Attributed to Email Opens

52.33%

Repurchase Rate

44.28%

CUSTOMER METRICS

Aug < > Sep Retention Rate

Amount of customers that purchased 2+ times in all time.

Amount of customers that returned from last month to this month.

Loyal Customer Base

43.9%

First Time Churn Rate

14.1%

Critical Email Opt-In Rate

2,371

Amount of customers that do not purchase a second time. They only come once and never again in over 60 days.

Customers that have visited more than 5 times and have shopped within 30 days & opted in.

First time customers that opt in.

81.40%

Lost Customer Rate

1st Time Lost Customer Rate

53.95%

Amount of customers that only visited once in the last 60+ days

Amount of customers that have not shopped in over 60 days.

Overall Winback Results

This tracks the purchases & revenue from customers since they were recovered.

WEEKLY CAMPAIGN METRICS

WINBACK CAMPAIGN METRICS

Open Rates

Conversion Rate

Email Open Rate

Conversion Rate

1.4%

Email

SMS

0.2%

30.1%

5.5%

28.2%

Failures

41

Failures

Unsubscribes

Total Campaigns

1.3%

SMS

Email

0.9%

0.20%

0.6%

Email Sent

SMS Sent

148,185

4,009

Unsubscribes

Total Messages Sent

1.0%

SMS

Email

0.2%

152,194

SUBSCRIBERS

349

2,980

SMS Opt-ins

Total New Opt-ins

Total Opt-in Rate: -16.7%

12,001

163

Total Opt-ins

2.3%

Email Opt-ins

11,240

Total Opt-outs

Total Opt-out Rate: -30.0%

AVERAGE PURCHASE FREQUENCY

7-14 days

0-7 days

30-45 days

14-30 days

45-60 days

60 + days

483

857

1,392

617

240

593

20%

12%

15%

33%

6%

14%

Total: 4,182

Based on customers that have made over 5 purchases within 6 months

53%