Jason Grunberg’s Post

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CMO @ Bluecore

CommerceNext was intense. I met with more than 50 retail leaders myself. Every one of them is dialed in on the same problem: What do we do about one-and-done buyers?   Most of these leaders already have tons of technology and strategies and rewards and everything else to help convert their very best customers. And those folks are spent out. But there’s a huge opportunity to do better with buyers who would otherwise be one-and-dones. So ask yourself:   ▶️What data do we have on one-and-done buyers? Is it transactional, or do we have streaming event data on every interaction? ▶️What do we know about product pathing? Are there some products that lend themselves to one-time customers (such as matching clothes for the whole family ahead of that summer beach photo shoot)? ▶️How connected is our acquisition and retention data and are we optimizing for the right thing at the top of the funnel? Is there room for improvement and experimentation? ▶️Where do we feel comfortable experimenting? Do we understand the customers who are least likely to ever purchase more than once and have the means to experiment freely (even outside of brand guidelines?) This last one is where it all comes together – or doesn’t. People get really sensitive about running tests. But there’s no other way to drive incremental revenue. It’s worth breaking some arbitrary guideline to figure out what works.   If you can’t experiment, you can’t win. At Bluecore, we like to win. I bet your teams do too.

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