Use data to uncover new opportunities for hybridAakanksha Patel2023-09-20T05:49:15-04:00
Use data to uncover new opportunities
Getting into the Hybrid business model and dealing with D2C and B2B customers might get daunting. But once you’re done analyzing the data, you can gain insights into numerous metrics that can help you uncover new opportunities. Magento introduces you with its Business Intelligence tool to do so.
Direct your focus on products that bring the most value to your eCommerce business. Gain insights into your online business, recognize what customers prefer, and learn about the best performing bundles and profitable products. Evaluating the historical data will let you drive revenue growth for your hybrid (B2B+B2C) eCommerce business.
Get hands-on performance reports by collecting comprehensive information from your eCommerce platform, analytics tools, and other sources. Analyze these reports to discover your key performance indicators (KPIs), compare revenues from distinct businesses, and streamline your store.
Obtain valuable insights into customer activities to reveal the possibilities of effectively targeting your customers. Understand the shopping patterns of your best customers and utilize the information for efficient customer segmentation across advertising channels and campaigns.
Today, eCommerce is as much about the experience customers have with your brand as it is about the product or price. To deliver a customer-driven solution, you need to be at the forefront of digital innovation and better forecast future performances! Analyzing your top-tier customers and products can help in forecasting the future sales and performance of your business.
