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Why Amazon Is A Benchmark in Terms of Having High Retention Rates - (Author) Harish V
Why Amazon Is A Benchmark in Terms of Having High Retention Rates - (Author) Harish V
WhyAmazonisa
benchmarkintermsof
havinghighRetention
Rates-(author)HarishV
Forme,Amazonhasawonderfulretentionrateforthese
reasons
1.Bringingthebrandstostandoutinsearchr esults.
Popers earchresultsforrandomkeywordssearchedb ythe
customer’sA MAZONmakessurethebrandnameisprominenton
everylistingforoneofyourproducts.Thisisoneareaw here
marketplacebestpracticesandbrandmarketinggoh andinhand.
Thatmeansincludingyourbrandinthetitle,productdescription,and
evenk eywordselection.
2.Innovationa ndupdatedproductstomarkett rends
Amazon'ss uccessislargelyduetoitscutting-edgetechnologies.
ConsiderAmazon'simpressivevoicecommandd evice,A lexa.Witha
fewspokenwords,Alexacanplaymusic,researchy ourfavourite
sportsteams,andevenchecktheweather.Thisinnovative
technology,w hichwasasignificantinvestmentforthee-commerce
giant,demonstratesthate-commercecompaniesc anbenefitfrom
innovation.
3.Excellentc ustomerservice
Amazoniswellawareoftheneedsofvariousdemographicsandgoes
togreatlengthstomeetthoseneedswithnewfeatures.Amazon
focusesonm akingmillionsofcustomershappya roundtheworldby
offeringlowp rices,freeshipping,awideselectionofproducts,on-time
delivery,andexcellentcustomerservice.
4.AmazonPrimeLoyaltyProgram
Thisisthebackboneofcustomerretention.Sincethen,P rimehas
evolvedtoincludeavarietyofbenefitssuchass peciald iscounts,
fasterdelivery,reducedorfreeshippingrates,lowerprices,and
unlimitedaccesstoavarietyofonlinemovies,TVs hows,Amazon
Music,a ndtheKindlelendinglibrary.Insteadofg ivingcustomers
one-timeb onusesforeverypurchase,Amazonoffersa fullreward
ecosystemtoitsloyalcustomers.Theloyaltyprogrammeisextremely
effectivea tattractingvisitorstothee-commerces toreand
encouragingthemtomakeapurchase.
5.Exceptionaluserinterface
Whenitc omestomobileordesktop,Amazonprovidesasmooth
interface.Everythingisproperlycategorisedandy ougetthebest
possibleresultsforyoursearchandUIrecommendsproductsasper
customerc hoices.Everyproductislistedwiththep roperh eadline,
features,s pecification,customerreview,Q&Asessiona ndmuch
more.
6.GreatF ollowUpalgorithm
Amazonn everfailstoexpressgratitudeforapurchase.Amazonalso
informscustomersthatitisonitsway.Enquiringa bouttheir
experienceortocompleteasurveyonpurchase.C reatingaspecial
offertocustomers.Amazonalsoremindscustomerso fa
r ecent
purchaseortor ecommendarelateditem.
Notonlythese5thingsbutalsoinmanyaspectsA mazond ominates
thee-commercemarketbyhavingcustomerretentionatitspar