$42.15 billion (2018)
How they do it: Best Buy offers an affiliate program which allows website owners to earn commissions every time a visitor on their page makes a qualifying purchase after clicking through an affiliate link./ ad banner.
How they do it: The loyalty program My Best Buy allows customers to get rewards for points collected with purchases at Best Buy. In addition My Best Buy members benefit from better purchasing conditions such as free shipping, access to sales and offers and extended return and exchange periods.
How they do it: Best Buy offers all its products online, offering customers to get the products shipped directly through their home or organize an in-store pick up. This allows custoemrs to also buy products which might be sold out in their closest store as well as to shop during closing hours of the physical stores.
Leverage Customer Data
How they do it: Best Buy collects customer data to make recommendations based on the customers spending behaviour. This could include add-ons to certain products or discount or update alerts for products the customer has looked for previously on the Best Buy website.
How they do it: Best Buy offers a wide variety of electronics, including products for various price and quality requirements. This allows them to target customers with varying purchasing power and provide comparisons of products prices and qualities.