3 customisable OKR examples for Purchase Frequency
What are Purchase Frequency OKRs?
The Objective and Key Results (OKR) framework is a simple goal-setting methodology that was introduced at Intel by Andy Grove in the 70s. It became popular after John Doerr introduced it to Google in the 90s, and it's now used by teams of all sizes to set and track ambitious goals at scale.
OKRs are quickly gaining popularity as a goal-setting framework. But, it's not always easy to know how to write your goals, especially if it's your first time using OKRs.
We've tailored a list of OKRs examples for Purchase Frequency to help you. You can look at any of the templates below to get some inspiration for your own goals.
If you want to learn more about the framework, you can read our OKR guide online.
Building your own Purchase Frequency OKRs with AI
While we have some examples available, it's likely that you'll have specific scenarios that aren't covered here. You can use our free AI generator below or our more complete goal-setting system to generate your own OKRs.
Our customisable Purchase Frequency OKRs examples
You will find in the next section many different Purchase Frequency Objectives and Key Results. We've included strategic initiatives in our templates to give you a better idea of the different between the key results (how we measure progress), and the initiatives (what we do to achieve the results).
Hope you'll find this helpful!
1. OKRs to boost frequency of customer purchases within given timeframes
Boost frequency of customer purchases within given timeframes
Increase returning customer rates by 15%
Provide exemplary customer service to increase satisfaction
Send personalized follow-up emails encouraging repeat purchases
Implement a customer loyalty program with exclusive perks
Carry out customer satisfaction survey to identify purchasing barriers
Create a detailed customer satisfaction survey
Analyze the survey results to identify purchasing barriers
Administer the survey to existing customers
Launch a 20% off coupon campaign to promote third orders
Design a 20% discount coupon for third orders
Initiate a direct email marketing campaign with the coupon
Identify target customers who have made two purchases
2. OKRs to boost frequency of customer repeat purchases
Boost frequency of customer repeat purchases
Reduce churn rate by 10% within the customer base
Implement customer satisfaction surveys to identify problem areas
Improve customer service response time and efficiency
Develop a loyalty rewards program to incentivize repeat business
Achieve a 20% increase in repeat purchases by existing customers
Enhance customer service training for team
Implement a loyalty program with exclusive benefits
Deploy personalized email marketing promotions
Improve customer loyalty program participation by 15%
Increase promotion of loyalty program in store and online
Enhance benefits exclusive to loyalty program members
Launch referral incentives within the program
3. OKRs to drive up frequency of customer purchases
Drive up frequency of customer purchases
Decrease checkout abandonment rate by 10% through user experience improvements
Offer various secure payment methods
Add trust signals like reviews, ratings, and testimonials
Simplify the checkout process to only essential steps
Introduce a customer loyalty program that increases repeat purchases by 15%
Develop a tailored loyalty program focused on customer retention
Implement, track, and adjust the loyalty program as necessary
Research popular customer loyalty programs for effective strategies
Boost cart size by 20% through upselling and cross-selling strategies
Develop personalized product suggestions based on customer buying habits
Incorporate a rewards program for higher-value purchases
Implement a bundle discount strategy for related items
Purchase Frequency OKR best practices to boost success
Generally speaking, your objectives should be ambitious yet achievable, and your key results should be measurable and time-bound (using the SMART framework can be helpful). It is also recommended to list strategic initiatives under your key results, as it'll help you avoid the common mistake of listing projects in your KRs.
Here are a couple of best practices extracted from our OKR implementation guide 👇
Tip #1: Limit the number of key results
The #1 role of OKRs is to help you and your team focus on what really matters. Business-as-usual activities will still be happening, but you do not need to track your entire roadmap in the OKRs.
We recommend having 3-4 objectives, and 3-4 key results per objective. A platform like Tability can run audits on your data to help you identify the plans that have too many goals.
![Tability Insights Dashboard](https://tability-templates-v2.vercel.app/_next/static/media/tability-insights-board.e70f9466.png)
Tip #2: Commit to weekly OKR check-ins
Don't fall into the set-and-forget trap. It is important to adopt a weekly check-in process to get the full value of your OKRs and make your strategy agile – otherwise this is nothing more than a reporting exercise.
Being able to see trends for your key results will also keep yourself honest.
![Tability Insights Dashboard](https://tability-templates-v2.vercel.app/_next/static/media/checkins-graph.b2aec458.png)
Tip #3: No more than 2 yellow statuses in a row
Yes, this is another tip for goal-tracking instead of goal-setting (but you'll get plenty of OKR examples above). But, once you have your goals defined, it will be your ability to keep the right sense of urgency that will make the difference.
As a rule of thumb, it's best to avoid having more than 2 yellow/at risk statuses in a row.
Make a call on the 3rd update. You should be either back on track, or off track. This sounds harsh but it's the best way to signal risks early enough to fix things.
How to turn your Purchase Frequency OKRs in a strategy map
Quarterly OKRs should have weekly updates to get all the benefits from the framework. Reviewing progress periodically has several advantages:
- It brings the goals back to the top of the mind
- It will highlight poorly set OKRs
- It will surface execution risks
- It improves transparency and accountability
We recommend using a spreadsheet for your first OKRs cycle. You'll need to get familiar with the scoring and tracking first. Then, you can scale your OKRs process by using a proper OKR-tracking tool for it.
![A strategy map in Tability](https://tability-templates-v2.vercel.app/_next/static/media/tability_strategy_map.2ad25843.png)
If you're not yet set on a tool, you can check out the 5 best OKR tracking templates guide to find the best way to monitor progress during the quarter.
More Purchase Frequency OKR templates
We have more templates to help you draft your team goals and OKRs.
OKRs to achieve As and Bs in English class
OKRs to enhance professional growth through lunch and learn sessions
OKRs to reduce mobilization cost for special project set ups
OKRs to upgrade System Scalability and Maturity
OKRs to enhance intra-team communication among managers and staff
OKRs to enhance visibility and effectiveness of Fintech marketing operations
OKRs resources
Here are a list of resources to help you adopt the Objectives and Key Results framework.
- To learn: What is the meaning of OKRs
- Blog posts: ODT Blog
- Success metrics: KPIs examples
What's next? Try Tability's goal-setting AI
You can create an iterate on your OKRs using Tability's unique goal-setting AI.
Watch the demo below, then hop on the platform for a free trial.