There's no single loyalty metric so you're forced to figure out which works best for your store.
For the longest time Repeat Customer Insights has used RFM to measure loyalty, but even within RFM there are different metrics. Raw Frequency? 2-D intersections? 3-D intersections? Modified Frequency? Tripwires? Custom grading algorithm?
It can get complicated to figure out who are loyal customers.
That's why I built the new Who Are Loyal Focus page. It unites those analyses (and a new one) but more importantly, it adds advice on how to use each metric.
That way you can see who it says are loyal, know why they are considered loyal, and get advice on how to reach them. No data scientist required.
It doesn't matter what you sell or the size of your store. Understanding and reaching your loyal customers is going to become more vital and a requirement to your future success.
You should start before your acquisition well runs dry.
Eric Davis
Learn what your customers are actually doing instead of just guessing
One of the best ways to build a sustainable business starts by getting your customers to come back. Mastering that simple process can be difficult, but builds a lifelong business.
Repeat Customer Insights can help you understand your customer's behavior. With its collection of behavior reports, you can see what they're actually doing instead of guessing and having your efforts fall flat.