It has often been said that retaining a customer is more profitable and easier to do than getting a new customer. Customers can easily come and go as they please, and business retention is becoming ever more important as new market players are aggressively taking market share away from well-established companies who are just trying to maintain the status quo.
Strategies need to be put in place to hold onto as many customers as possible to at least stabilize growth – some advice regarding this important topic is shared below.
Regularly use a high-quality CRM tool
Many company’s marketing efforts rely on keeping track of each customer to you know when they were last contacted, what the messaging consisted of, what their status and value is, and other key pieces of data.…
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