Do you want to make recurring payments as easy as possible for your customers? Automatic recurring payments are a great way to generate recurring revenue. If your business is based on a subscription model, they are essential for long-term success. Recurring billing increases sales, reduces your staff’s workload and improves retention. While they are most […]
The 10 best add-ons for your WooCommerce checkout to optimize your sales in 2023
With WooCommerce, you can convert any WordPress website into an online store. The checkout page of your WooCommerce store is crucial because it plays a very big role in customer experience and conversions. It is at the checkout page that you can convert a casual shopper into a paying customer, or lose them forever! Unfortunately, […]
The 10 best strategies to get repeat sales in 2023: Guide and benefits
How do you make sure you get repeat sales? Repeat customers made up 48% of all US eCommerce transactions in 2015. Online retail is full of statistics demonstrating the importance of repeat business. A loyal customer base is a key part of any business. If you’re not seeing many repeat sales, you’re losing out on […]
How to improve your repeat customer rate and grow your business: 2023 Guide
If tracking your business’s metrics tells you something, it’s this: Customer retention is as critical as customer acquisition. Do some “customer acquisition costs vs. customer retention profits’ math, and you’ll instantly see the value of repeat customers. According to one study, it costs five times more to get a new customer than to retain one. […]
The 10 best upsell strategies to adopt in 2023: Complete guide
Upselling — or persuading your customers to buy a better version of the product they’re considering getting — is one of the best ways eCommerce businesses can boost their average order value. Upselling involves prompting consumers to get a newer, better, or more value-for-money upgrade over the one they’re considering. When done right, upselling helps […]
Complete guide to accepting recurring payments on your WordPress website using Stripe (2023)
When it comes to the recurring payment model, Stripe is the leading payment gateway. Featuring an end-to-end automated recurring charge management system, fixed and flexible recurring billing options, churn prevention tools, and prorating capabilities, Stripe is the go-to gateway for accepting recurring payments. In today’s post, we’ll see three ways you can bring Stripe to […]
How to Accept Recurring Payments with WordPress
Recurring payments allow you to get paid on time, thus regulating your business’s cashflow. Also, since invoice or bill generation is automated with recurring payments, your payment logistics get greatly simplified. Besides that, you have a near-guarantee of “repeat” orders/projects, subsequently earning more revenue. You can get all these advantages by accepting WordPress recurring payments […]
What Are Recurring Orders? And How to Convert One-off Buyers into Subscribers?
What are recurring orders? Find out what such orders are and how an online store processes them. Plus, how you can set them up on your store.
What Is a Monthly Recurring Charge? Defining Recurring Billing and Its Advantages for Your Business
Wondering what the monthly recurring charge metric is all about? In this primer, we’ll define what monthly recurring charge is, its different types, and how businesses (more so, eCommerce businesses) can benefit from implementing recurring payment models. Here goes. What is a monthly recurring charge? A definition. A monthly recurring charge (MRC) is the amount […]
Setting up your eCommerce Subscription service: Complete 2023 guide
eCommerce subscription — or selling (physical) eCommerce products as subscriptions — is a great way to convert one-time or ad hoc customers into lifetime subscribers. In fact, pivoting to the subscription model is one of the best growth hacks for eCommerce stores looking to grow their business and build long-term customer relationships, according to McKinsey. […]