12% Margin Increase - Optimized Discounts
We achieved a 12% increase in gross margins for a client by implementing tailored discount strategies. Our approach began with an in-depth analysis of the client’s sales data to understand the impact of various promotions. Following this, we conducted several A/B tests to gauge price elasticity. This data was then aggregated and refined in a data warehouse, enhancing the client’s CRM system with detailed insights into customer behavior.
With this enriched data, we developed customized discount offers designed to appeal to different customer segments. We ran further A/B tests to compare the effectiveness of these personalized discounts against the standard promotional approach. The results were remarkable: over three months, the client saw a 12% increase in gross margins, driven by strategic discounting that maximized sales while maintaining profitability.
Supercharge Your Sales with Data-Driven Retention Strategies
Unlock growth with data-driven retention strategies. Boost customer loyalty, maximize revenue, and propel your business to new heights.