How can I improve monthly recurring revenue for product success?
Asked 2 years ago
I'm very new to business analytics, but I have experimented with several sales KPIs to evaluate and track the growth and development of my business. How can I increase my Shopify store's MRR and boost my product performance?
Jaxon Horton
Saturday, July 02, 2022
These are the various ways that you can increase the Monthly Recurring Revenue (MRR) for your product:
- Increase your prices by improving your products
- Create more upsell opportunities by promoting add-on items when a customer buys a product
- Start a referral program
- Automate some of your growth processes like automating your email scheduling, and ad placement by using automation tools
- Overdeliver the customers' experiences
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