Buyer Insights for Bihar | Last Month Prepaid & COD Trends - Shiprocket Trends

Overview

This comprehensive buyer insights report provides detailed analysis of Bihar customer behavior for the Last Month period. The report examines buyer segments, payment preferences, and customer retention patterns to help businesses understand their customer base and develop targeted strategies for different buyer groups.

Buyer Segments Analysis

Understanding customer behavior through segmentation is crucial for effective marketing and product strategy. The buyer segments analysis reveals that the customer base is distributed across four distinct behavioral groups. The largest segment is WEEKEND_SHOPPER with 34% of the customer base, followed by QUALITY_FIRST_SHOPPER at 33%, VALUE_SEEKER at 22%, and ECONOMY_SHOPPER at 11%. Each segment represents different purchasing behaviors and preferences, enabling businesses to tailor their marketing campaigns and product offerings accordingly.

Payment Method Preferences

Customer payment preferences provide valuable insights into trust levels and convenience factors in the region. The data shows that 41% of customers prefer prepaid payment methods, while 59% opt for Cash on Delivery (COD). This distribution indicates a moderate preference for COD in this market, which has implications for cash flow management and payment processing strategies.

Customer Retention and Loyalty Metrics

Customer retention is a critical indicator of business health and customer satisfaction. The new versus repeat buyer split reveals that 72% of customers are making their first purchase, while 28% are returning customers. This ratio indicates a concerning level of customer loyalty, with the 28% repeat customer rate suggesting a need to improve customer retention and engagement strategies. for the business.