5 Reasons You Should Think about Cashback Extensions
1. It's All About Engagement
An online shopping browser extension has the ability to transform the way retailers connect with their shoppers. These extension drive engagement and retention by offering exciting reasons to keep coming back for more. Imagine getting cash back every time you shop online - sometimes getting even more than 20% back! It's free money and it's exciting.
Engagement in Numbers: Customer engagement has real impact around stickiness. In fact, engaged customers represent a 23% more in terms of profitability and relationship growth compared with other customers, according to Gallup. Cashback extensions can provide a low-cost way to boost engagement and, consequently, sales.
2. Boosting Sales and Revenue
Cashback extensions are like the secret weapon that can make a real difference when making an online purchase. More than 80% of surveyed consumers said they are more likely to shop at a store that they can earn earn a cash back reward at, vs. one that doesn't. And 79% of those consumers have more affinity to purchase when they can earn a reward. When customers know they'll be rewarded for their purchases and getting the best deals, they're more likely to complete transactions, which means more revenue for retailers.
Target Gen-Z: The statistics are in - nearly 46% of Gen-Z enjoys cashback. In fact, 74% of them, will spend more money when shopping online if they know they'll receive 5% cashback. Who needs discount codes anymore?
3. Data-Driven Marketing
A cashback extension isn't just about giving a discount; they're about collecting valuable data. It's a way to track what customers buy, when they buy, and how they buy. For retailers, this data is pure gold. It helps them understand customer preferences, identify popular products, and pinpoint the perfect moments to offer discounts or deals. With this kind of insight, marketing becomes a precision tool, leading to increased sales and higher ROI.
Data-Driven Insights: Did you know that 91% of consumers are more likely to shop at a retailer that provides relevant offers? Cashback extensions provide the data retailers need to tailor their offers precisely to customer preferences.
4. Strengthened Brand Reputation
Retailers who offer cashback extensions are sending a clear message: they value customer loyalty and want to reward it. Happy customers are more likely to leave positive reviews, refer friends and family, and become brand enthusiasts. This reputation boost attracts even more customers and, as a result, increases revenue.
Reputation's Financial Impact: 82% of consumers are less likely to shop at a brand due to negative reviews. By giving cashback offers, retailers can enhance their reputation and see the financial benefits.
5. Stay Ahead of the Competition
Cashback extensions provide that unique selling point that sets brands apart from competitors. When customers realize they can get cash back while shopping, it's like having a cool trick up your sleeve. And who doesn't love a brand that gives back?
Competitive Advantage: Stay ahead of the competition, especially when it comes to cash back. Shoppers are always looking for discounts, especially when they are figuring out where they want to buy from. Browser extensions are an easy and centralized place to offer discounts to all your users and be flexible and scalable against your competitors. In fact, 93% of shoppers note that discounts and offers are important factors when determining whether or not that want to purchase from a specific brand or website.
The Power of Custom Cashback Extensions with Sleek
Sleek is a new B2B company offering solutions for custom extensions web and mobile browsers. These extensions include features like seamless checkout, but they also provides opportunities for cash back. Sleek offers businesses the ability to create custom extensions tailored to their unique requirements.
1. Tailored Cashback Offers
With Sleek's platform, retail brands can offer personalized cashback deals at thousands of stores. You can provide your own deals, or utilize Sleek's network - it's up to you! This customization ensures that your browser extension fits seamlessly with your brand's identity. In turn, customers get a better deal and the lowest price.
2. Effortless Checkout
One of the the most-loved features of Sleek's custom extensions is the ability to automatically fill in users' payment information during checkout. This seamless process simplifies online shopping, making it easier and more convenient for customers to complete their purchases. One click checkout and one click discounts? Can this get any easier?
3. Precise Data Insights
Sleek's platform offers the ability to capture transaction data with SKU-level specificity, even at massive storefronts ike Amazon. This level of granularity in data analysis allows you to personalize product recommendations, combat fraud, and fine-tune your marketing strategies with unprecedented precision. As we mentioned before, 91% of consumers are more likely to shop at a retailer that provides relevant offers. Sleek will help you find and target users for these relevant offers.
Overall, a custom cashback extension can be a game changer especially if you're looking for ways to boost sales and increase revenue! And it's not just that - providers like Sleek offer so much more, so that you can target your best users get them transacting with ease. Interested in learning more about how you can easily offer seamless checkout into your checkout experience? Email us at Hello@onsleek.com