Can partnering with a nonprofit improve revenue?
Can you increase conversion, AOV, LTV, and retention for your company by aligning with a charity?
Let's take a look at a real-life example.
Lokai is well known for their bracelets and rings, some of which are cause-related.
Lokai's been committed to great charities like Oceana, Alzheimer's Association, the Humane Society, Make-A-Wish, and others for many years.
But not all of Lokai sales are associated with charities.
So, Lokai wanted to see what the economic impact would be of partnering with a nonprofit.
Lokai wanted to know if aligning with a charity also increase LTV?
So, Lokai decided to run a test.
Here are the case study results:
Company Name: Lokai
Industry: Ecommerce
Objective: Test the lifetime value (LTV) impact of incorporating cause-related product marketing.
Context: Lokai sells bracelets, rings, and related jewelry online, some of which are sold through a subscription program.
Key Issue: Lokai wanted to improve LTV by increasing subscription retention.
Method: Lokai deployed specific charity affiliations in the product descriptions and at checkout for a sampling of bracelets and then compared the LTV results with similar bracelets, at the same price point, for the same time period, that did not have a charity affiliation.
Sample Set & Test Parameters:
Results:
Conclusion:
Charity affiliation in marketing and at checkout increases customer retention by 23%.
Charity affiliation in marketing and checkout increases estimated LTV by 42%.
If you are skeptical about your ability to increase LTV by 42%...
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We will show you how to lift LTV.
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First, you deploy our all-in-one platform that allows donations at checkout.
Our technology is easy to use and works with all the ecommerce shopping carts.
Second, we hold your hand throughout the ecommerce cause marketing process.
Adding donations to improve ecommerce performance is table stakes.
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