S05 EP45: Sealing the Second Purchase with a Customer Experience Strategy

On today’s episode, Kunle is joined by Vikas Bhambri, Senior VP Sales at Kustomer - a New York-based Omnichannel CRM platform. Kustomer delivers data from multiple sources through a single customer-view, allowing companies to deliver consistent and personalized customer service. Most eCommerce and DTC companies need repeat customers to be successful. Yet a majority of these companies fall into the trap of only targeting new customers. ECommerce adoption may be at all-time high, but that is also driving up the (dreaded!) cost of acquiring (CAC) new customers. An unsustainable cost of acquisition is one of the leading reasons why startups fail. Maximising the Lifetime Value (LTV) of existing customers is a real focus as eCommerce continues to boom. This is where customer experience (CX) comes in. Realising that CX is crucial is one thing, but getting it right is a different thing altogether. Growing adoption across all digital platforms is changing the ground rules and expectations of CX. There are multiple facets to an effective CX strategy. Getting it right is no longer a good-to-have, it can be the difference between success and failure. Kunle and Vikas discuss the pillars of every effective CX strategy, where to start and how to scale your CX strategy. Whether you are an established brand or a small business, there are great takeaways for you in this episode! ----------- SPONSORS: This episode is brought to you by: Klaviyo  This episode is brought to you by Klaviyo – a growth marketing platform that powers over 25,000 online businesses. Direct-to-Consumer brands like ColourPop, Huckberry, and Custom Ink rely on Klaviyo. Klaviyo helps you own customer experience and grow high-value customer relationships right from a shopper’s first impression through to each subsequent purchase, Klaviyo understands every single customer interaction and empowers brands to create more personalized marketing moments. Find out more on klaviyo.com/2x.   Rewind This episode is brought to you by Rewind. The #1 Backup and Recovery App for Shopify and BigCommerce stores that powers over 25,000 online businesses. Direct-to-Consumer brands like Gymshark and Movement Watches rely on Rewind. Cloud-based ecommerce platforms like Shopify and BigCommerce do not have automatic backup features. Rewind protects your store against human error, misbehaving apps, or collaborators gone bad with Automatic backups!   For a free 30-day trial, Go to Rewind.io, reach out to the Rewind team via chat or email and mention ‘2x ecommerce’