It’s time to start thinking about your Shopify store as a recurring revenue goldmine. If you’re not already, you should be looking at ways to turn your Shopify store into a recurring revenue stream. But if you’re not getting the most out of it, your store could be making much more money than it is right now.
Here are 7 ways to turn your Shopify store into a recurring revenue goldmine:
- Make sure your marketing is on point: If people aren’t finding your product, they can’t buy it! Make sure you’re using the right keywords in all of your marketing materials, and make sure that you’re targeting the right audience for each piece of content you create.
- Create relevant content: You want people to come back to your site repeatedly, so make sure that every piece of content has value—don’t just throw up an article about how great your product is without giving readers any reason why they should care about it!
- Build relationships with influencers in your niche: If you’ve been in business for a while, there might be other people doing work similar to yours who would love to partner with you or even just give a shoutout on social media! This can lead directly to sales and new customers coming through the door—just make sure that if someone offers a partnership they fit into your target market!
- Use Shopify tools to enhance customer experience: Make sure that you’re using all of the tools available to you on Shopify to provide an outstanding customer experience. From product descriptions and images that convey the value of your product to reviews from customers who’ve used it before and loved it (and left positive feedback for you!), and shipping information so that potential buyers know how long it will take them to get their hands on what they’re buying.
- Creating an email list: Create an email list of all of your customers who have purchased from your store. This will allow you to market directly to these people so that you can offer them promotions or discounts on future purchases.
- Create an incentive program: You should create an incentive program for current customers and potential new ones. For example, if someone buys something from your store 3 times within 1 month, they get 10% off their next purchase. If they buy something 5 times within 1 month, they get 20% off their next purchase. The more often someone buys from your store, the more they save each time they do so! This method provides both an incentive for customers to shop more often at your store as well as a way for them to save money when they do decide to buy something again (which means they will keep coming back).
- Offer subscription-based offers: You can offer customers a subscription service they can sign up for on your site, and then they’ll be charged automatically monthly or yearly. This is a great way to make money from customers who will continue to use your services, rather than just one-off purchases. It also helps build customer loyalty over time. The more loyal your customers are, the more likely they’ll be to stick with you and purchase other products from you in the future as well.
