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Customer Churn Prediction
Customer churn prediction tools allow D2C brands to identify which customers are at risk of leaving before it happens. By analyzing behavior patterns, purchase history, and engagement, these tools provide early warning signs of churn. Brands can then implement retention strategies to re-engage these customers and reduce churn rates. In a highly competitive market, preventing customer churn is critical for maintaining growth and profitability.
Lifetimely is a robust analytics tool designed for direct-to-consumer (D2C) brands using Shopify. It provides detailed insights into customer lifetime value (LTV), profit and loss tracking, and predictive analytics. The platform allows businesses to integrate various data sources, customize dashboards, and benchmark performance against industry standards. With Lifetimely, brands can make data-driven decisions to enhance profitability and customer retention.
Klaviyo is the best in class email marketing solution for eCommerce. It's powerful because it connects to your store, and you can create awesome customer segments based on past purchasing behaviors, customer preferences, and even future predictions of spending.
Famous for their data skills, SourceMedium has a full-suite of tools but are most famous for their Slack reports which send you clear and actionable daily reporting from data pulled straight from Shopify. The metrics are calculated based on your store's default timezone and currency.