What if there were one thing your business could do better that would maximize your profitability and keep you in business in an era when major retailers just can’t seem to hang on? The good news is that there is just one thing you could be doing better – getting to know your customer.
You probably already have all the data you need to know your customer better. It’s just a matter of being able to make something meaningful out of it and using it to your advantage. Did you know that 35% of Amazon’s sales come from “frequently bought together” and “other customers bought” listings? There’s obviously a powerful algorithm going into making that happen.
Maintaining customer loyalty is crucial to turning a profit, so why aren’t you doing everything you can to keep them coming back? Learn more about earning loyal customers through master data management from this infographic!