A survey says trio
A study by Harvard Business Review found that 95% of purchasing decisions are emotional, not rational.Research shows that 40% of impulse purchases lead to regret, which can hit return rates hard.Studies show that loyal customers are 60-70% more likely to convert than new customers.
- This is what always bothered me about economics, humans aren’t rational engines.
- The sale doesn’t truly end until the item gets used.
- Retention is the most important part*.
*caveat that not all businesses are high-repeat