In this guide, Lorenzo Secco & Ben Smye share insights on targeted price discrimination and its potential to maximize sales while maintaining your brand's perception. ✨ 🔍 Key Highlights: 1. Types of Price Discrimination: - First-degree: Personalized pricing based on individual willingness to pay. - Second-degree: Self-selected pricing through loyalty schemes, coupons, and volume purchases. - Third-degree: Pricing based on customer segments like age, location, or purchase time. 2. Focus on Second-Degree Price Discrimination: - Most practical for ecommerce brands. - Utilize #coupon and #cashback platforms effectively. - Target price-sensitive customers without impacting those willing to pay full price. 3. Boost Revenue and Market Share: - Increase order volume and margins. - Reach new cohorts of price-sensitive customers. - Protect your brand perception while expanding your market reach. At Global Savings Group, we provide coupon sites (e.g., Radins.com) and cashback sites (e.g., iGraal) that effectively attract price-sensitive shoppers, converting them into loyal customers. So, let’s partner !
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Since the pandemic, there has been exponential growth in online commerce, which continues to be reflected in the post-pandemic period, an example being Children's Day sales, which will increase from 5% in 2019 to 16% in 2023. #ecommerce #toyindustry
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"ℍ𝕖𝕪 𝕄𝕒𝕣𝕚𝕒, 𝕙𝕠𝕨 𝕕𝕠 𝕨𝕖 𝕞𝕒𝕜𝕖 𝕠𝕦𝕣 𝕔𝕦𝕤𝕥𝕠𝕞𝕖𝕣𝕤 𝕝𝕠𝕪𝕒𝕝 𝕨𝕙𝕖𝕟 𝕥𝕙𝕖𝕪 𝕓𝕦𝕪 𝕠𝕦𝕣 𝕡𝕣𝕠𝕕𝕦𝕔𝕥𝕤 𝕚𝕟 𝕤𝕦𝕡𝕖𝕣𝕞𝕒𝕣𝕜𝕖𝕥𝕤 𝕒𝕟𝕕 𝕨𝕖 𝕕𝕠 𝕟𝕠𝕥 𝕒𝕔𝕥𝕦𝕒𝕝𝕝𝕪 𝕜𝕟𝕠𝕨 𝕞𝕦𝕔𝕙 𝕒𝕓𝕠𝕦𝕥 𝕥𝕙𝕖𝕞?" - this is a typical question that I get from many CPG brands, it is about solving their common challenge. You want to understand your customers, build loyalty, and offer personalized experiences, but how can you do that without access to direct purchase data? That’s where our cashback solution comes in. By simply snapping their physical receipts, customers can earn rewards for purchasing particular products. In return, brands gain valuable insights into their shopping habits across different retailers and supermarkets , both online and offline. It's time to transform anonymous buyers into loyal customers with data that helps companies deliver tailored offers and grow brand loyalty. Interested in learning more? Let’s chat! #CustomerLoyalty #CPG #DataDrivenMarketing #Cashback #ConsumerInsights
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How much is purchase data worth to advertisers? With advertisers access to consumer purchase information limited, by how much are payment companies missing out. Since Point-of-Sale companies are not collecting Personal Identifiable information, their data revenue starts at the lowest level: syndicated data Delivering aggregate insights across market sectors. Telling you that product A sold more than product B last month. Further filters show you insights like what regions product A performed best in, and at what prices. The value of syndicated data increases where you can start to analyse discounts, loyalty rewards & promotions to determine if they're creating any meaningful lift on item sales. The reality is that only payment companies have access to Personally Identifiable information coming from customer card transactions. So, here is where the payment companies need to be brought into the data discussion. POS companies need to involve the processors or card networks to match transaction timestamps at the merchant check level, with timestamps from the processing stream, thereby marrying the two data sets. Married together this data taps into the high-margin advertising dollars as you are combining item data (which manufacturers care about) with demographic data (which marketers care about). If you would like to understand more about the growing convergence of payments and consumer loyalty speak with the CSN Partner from your region. https://lnkd.in/d7bPNpq #strongertogether
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With an average basket abandonment rate of 69.57% across industries, according to the Baymard Institute, the impact on potential revenue is significant. Recovering even a fraction of these abandoned transactions can make a substantial difference to your bottom line. By optimising checkout processes, sending targeted follow-up messages, and offering incentives, you can reduce abandonment rates and capture more sales. Is this something you have experienced? Join us at our next Marketeer Moments event to discuss these topics with other industry experts. marketeermoments.com #Ecommerce #ConversionRateOptimisation #WebsiteStrategy #DigitalMarketing #GrowthMindset #MarketingWins #ConversionSuccess #MarketerCommunity #WinterParty #ConversionBoost #NetworkingNight #MarketeerMoments #WinterParty #CatapultYourConversions
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🚧 If you’re noticing familiar similarities in your online store that once plagued physical shops, you’re not alone. The good news? These challenges are manageable with the right approach. We've pinpointed the top 8 issues that online retailers face, mirroring classic brick-and-mortar struggles. It's time to identify and tackle these symptoms head-on! 🔍 Our Guide flags 8 of the most common, get it here! >>> https://loom.ly/g0WjnnU #shopb2b #digitalcommerce #TOTALPIM
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The average order value (AOV) is a vital metric in eCommerce, offering insights into consumer spending behavior on a per-transaction basis. In 2023, the global average revenue after tax (AOV) for online checkouts stood at $115, providing a benchmark for businesses to gauge their performance. Understanding and optimizing AOV is as crucial as focusing on conversion rates, as it helps online retailers strategize to increase the profitability of each transaction. By analyzing this metric, businesses can tailor their marketing, pricing strategies, and product offerings to enhance the average spend, ultimately boosting overall revenue. #eCommerceMetrics #AverageOrderValue #OnlineRetail #BusinessInsights #RevenueGrowth
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🚧 If you’re noticing familiar similarities in your online store that once plagued physical shops, you’re not alone. The good news? These challenges are manageable with the right approach. We've pinpointed the top 8 issues that online retailers face, mirroring classic brick-and-mortar struggles. It's time to identify and tackle these symptoms head-on! 🔍 Our Guide flags 8 of the most common, get it here! >>> https://loom.ly/g0WjnnU #shopb2b #digitalcommerce #TOTALPIM
Storefronts to screens: 8 mistakes to avoid - THE CLOUD COMMUNITY
thecloudcommunity.net
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🚧 If you’re noticing familiar similarities in your online store that once plagued physical shops, you’re not alone. The good news? These challenges are manageable with the right approach. We've pinpointed the top 8 issues that online retailers face, mirroring classic brick-and-mortar struggles. It's time to identify and tackle these symptoms head-on! 🔍 Our Guide flags 8 of the most common, get it here! >>> https://loom.ly/g0WjnnU #shopb2b #digitalcommerce #TOTALPIM
Storefronts to screens: 8 mistakes to avoid - THE CLOUD COMMUNITY
thecloudcommunity.net
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🚧 If you’re noticing familiar similarities in your online store that once plagued physical shops, you’re not alone. The good news? These challenges are manageable with the right approach. We've pinpointed the top 8 issues that online retailers face, mirroring classic brick-and-mortar struggles. It's time to identify and tackle these symptoms head-on! 🔍 Our Guide flags 8 of the most common, get it here! >>> https://loom.ly/g0WjnnU #shopb2b #digitalcommerce #TOTALPIM
Storefronts to screens: 8 mistakes to avoid - THE CLOUD COMMUNITY
thecloudcommunity.net
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e-Commerce Manager? You have to make a decision. Which one will lead to more online transactions? What do you think the A/B test data of multiple experiment of this hypotheses will show you? #ecommerce #ABtesting
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