CUSTOMER RETENTION,
love your customers
More turnover from your existing customers requires only 10% of the costs of acquiring new ones. Your existing customers have already chosen you. Give them attention and your turnover will grow.
Why customer retention?
For many companies, the focus of marketing is on acquiring new customers. But is this smart? Expanding the relationship with an existing customer is often easier and cheaper than attracting new customers.
You are already in contact with them, which is why you can offer very personal communication with digital marketing. Research from Harvard shows that 68% of customers who switch to your competitor did so because they do not feel a connection with your company. Tell your customers that they are important to you and they will order happily ever after.
Why a CUSTOMER RETENTION campaign?
Attracting a new customer costs more money than enthusing your existing customers, which only requires 10% of the costs.
If you have set up your marketing automation properly, you will also know where your customer's interests lie. This makes it easier to entice them to make a subsequent purchase.
Loyal customers choose convenience and certainty. The price of your product or service is then less relevant, they find it worth the price. Customer retention gives a better margin. Research shows that 5% more customer retention increases the profitability of a company by an average of 50 to 75%.
If you give your customers lots of love, you will get it back. They will talk positively about you, which means you will have a lot of salespeople working for you.
Interested in customer retention?
Schedule a call with Jules.
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