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7 eCommerce Business Challenges in 2023 and How to Solve Them

Optinmonster

Are you facing challenges to grow your eCommerce business? If you are finding it hard to keep up with the fast-changing landscape of eCommerce, you’re not alone. From finding the right niche to optimizing your eCommerce store , growing a business can feel like a never-ending battle. The good news?

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How to Improve Customer Retention Rate for your Shopify Store 2024?

Huptech Web

As per general benchmarks, they indicate that the average customer retention rate for eCommerce typically falls within the range of 30% – 40%. According to Sprinklr (2023), the average CRR in e-commerce is around 38%, meaning 3 out of 10 customers stay loyal to a brand for over a year.

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8 SaaS Marketing Trends You Can’t Ignore in 2020

Single Grain

To give you an idea of where things are headed, here's a snapshot of the global SaaS industry: It will see a compound annual growth rate (CAGR) of 9.22% between 2019-2023. billion during 2019-2023. Flexible pricing strategies will be adopted. Customer Service/Support. Human Resources/Talent Management. Management.

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5 Ways to Use GA4 to Generate More Revenue For Your Business

Convert

Third-party cookies have not been removed yet and there is talk that this will really take shape in 2023 , but connecting your Google Analytics to GA4 now will allow the platform to begin collecting data to provide better insights in the future. At its core, GA4 is built in a way to utilize AI to find trends and showcase that data for you.