Transforming shoppers into brand advocates is the ultimate goal for any ecommerce business. This transformation turns the traditional customer lifecycle into a profit-generating flywheel that continuously drives revenue and growth.
Ecommerce Customer Lifecycle
The customer lifecycle in ecommerce consists of five key steps, starting from discovery and ending with advocacy for the brand.
Ecommerce marketers often focus on the initial steps of engaging and acquiring customers. While these steps are crucial, the real magic happens when customers become advocates for the brand.
By nurturing brand advocates, ecommerce businesses can create a self-sustaining flywheel where referrals and repeat customers drive growth organically.
Connecting Stages
For a business flywheel to be effective, each stage must seamlessly transition to the next. From engaging customers to acquiring them, and from nurturing to advocacy, each step should flow smoothly.
Encouraging advocacy from existing customers can lead to a cycle of continuous growth as referrals and recommendations bring in new customers effortlessly.
Ease
By focusing on the entire lifecycle and promoting advocacy, each rotation of the flywheel becomes easier and more effective.
Imagine if each brand advocate brought in one new prospect for every rotation of the flywheel. This exponential growth can lead to a significant increase in engaged shoppers and revenue over time.
Effectiveness
Marketers must consider the entire lifecycle to make each rotation of the flywheel more effective. By nurturing customers from engagement to advocacy, businesses can maximize their growth potential.
Flywheel
Transforming the linear conversion process into a flywheel creates endless opportunities for growth and revenue generation. Focusing on each stage of the cycle can lead to sustainable and profitable outcomes without constant investment in advertising.