Product market fit#
Explore ways to increase retention. This is the most critical issue currently as retention is too low. Formulate and conduct A/B tests to improve retention.
Analyze reviews from non-returning customers to gather feedback and identify the root causes of low retention. This is the most accurate way to understand why customers donβt return.
Improve positioning on external marketplaces like Amazon to ensure Olist appears in product cards. This could drive more external marketplace purchases.
Develop promotions and discounts for repeat purchases to boost conversion rates for returning customers.
Review the product assortment. The marketplace may lack desired products or suffer from quality issues.
Study the customer experience on the website/app to identify potential pain points that may contribute to low retention and poor product/market fit.
Find ways to increase the number of active buyers, as growth has stalled since 2018. Meanwhile, the number of sellers continues to grow, risking an imbalance.
Reduce the time between first and second purchases, as currently ~50% of customers take more than 29 days to make a second purchase.