How to find my WooCommerce returning customers?
When it comes to conversion rate, your WooCommerce returning customers are the most valuable type of customers. There are various studies that show the value of returning customers. According to a study made by CMSWire, every time a customer buys a product from your store, he is more likely to buy again. Buyers who have made a single purchase have a 27% chance to make a second one. With every additional purchase, the chances of another purchase are increasing. By the time someone has bought from your store for the fourth time, there’s a 59% chance they’ll return again.
The value of Loyal Customers
According to their study, returning customers make between 25-40% of the total sales annually. Some studies go as far as claiming that attracting a new customer, costs your business between five and twenty-five times as much as keeping an existing one.
To put it simple, if you bring back a first-time customer to buy again, it is more likely that they will become loyal customers. There are a ton of things that you can do to convince first time buyers into making a second purchase. This includes things like rewards for multiple purchases, customer discounts and loyalty programs. But before you even try to implement any of those techniques, first, you need to have a way to separate the first time buyers from already loyal customers.
Retaining existing customers is a lot less expensive than acquiring new ones. Existing customers are already familiar with your products and services and have some level of trust in your business. By targeting existing customers, not only that you save resources on customer acquisition but also you will reduce costs for customer education and training.
Returning customers are also alot more profitable. According to a study made by Adobe, only 8% of returning customers are responsible for 40% of the eCommerce revenue in USA.
As you can see, knowing who your returning customers are can be very important for your online shop success. If you are running a WooCommerce shop, you have probably noticed that there isn’t an easy way to find your most active/returning customers. This is where the Users Insights plugin comes in. With the WooCommerce module, you have the ability to analyze your registered WordPress users data and find the most active buyers on your online store. The WooCommerce module tracks the Number of orders that the users have made as well as the Last order date. It also adds the ability to filter the users by the products ordered or by their orders statuses.
WooCommerce inactive customers
By comparing the number of orders made in a specific period of time, Users Insights allows you to analyze your WooCommerce customers list to find new, inactive and returning customers on your online store. New customers will be the recently registered WordPress users that still haven’t made a single purchase. For example, you can list the new customers by adding a filter “Order number is 0” and a second filter “Date registered is less than 1 month ago”.
Inactive customers will be all of the customers who have registered a long time ago but still haven’t made any orders. For example, in order to get the list of inactive customers you can add a filter “Order number is 0” and date registered is more than 60 days ago.
WooCommerce Returning Customers
In order to see the list of all the returning customers on your online store all you need to do is add one filter – “Order number is bigger than 1”. By clicking on the Number of orders field in the Users Insights table you can order the list with returning customers by their number of orders. This will give you a quick overview of your most loyal customers.
Once you have the ordered list you can further click on the name and see a full list of orders that particular user has made.
Another example would be to find all the users that have made exactly 2 purchases, since we know (from the studies mentioned above) that these are the customers that are more likely to buy again. We can do this by simply adding a filter that has a number of orders is exactly 2.
According to the research made by rjMetrics, the majority of spending (over 69%) by customers, is in the first 30 days since the first purchase. This means that the window for effectively re-engaging a first-time buyer is within the first thirty days.
Having this kind of information about your customers can be a good opportunity to create a marketing campaign for your existing customers. You can easily export the users emails by using the Users Insights export functionality and set up a few different mailing lists, so you can create a customized offer depending on the type of customer. Targeting your existing customer base is a very effective way for generating more sales – these are the people who have already shown interest and know about your products and some of them have already trusted you to make a purchase, so by providing them an extra incentive to purchase again you should see good conversion rates.