Are you looking to shake up your sales strategy this year? What better time to look at your business and make some changes than the start of a new year! Welcome in the New Year with a new focus in your business, read on to discover ten of our best customer retention ideas and how […]
The importance of shaping products and services including their marketing efforts is limited only to profit-making and the establishment of market monopolies. Over the last two decades, the advent of information technology has redefined the meaning of consumerism and the protection of consumer interests. The key takeaway is that any organization oblivious to the demands […]
The UK supermarket industry has a competitive approach to business. Business strategies used by retail supermarkets in the United Kingdom centre around innovative customer retention ideas. With rising competition and price emerging as key differentiators, retail supermarkets have to come up with pretty innovative retention strategies to perform well. Massive investment in customer retention strategies […]
In this competition-intense industry, customer retention is an acid test for survival and scaling-up. The mushrooming of a number of low-cost carriers has posed a serious threat to conventional airline businesses. To make matters worse, zooming air fuel and oil prices, frequent disengagement by ground and air crew including strikes and other restrictive stipulations by […]
On an average, businesses lose 20% of their customers by failing to consider customer relationships. Customer engagement is an important factor influencing consumer retention. Consider a business that retains over 90% of its customers and another retaining just 10% less. If both have new customers at the frequency of 20% per year, the first will […]
Every business stands to benefit from their management team concentrating on, developing, and implementing persuasive customer retention ideas and strategies. Retaining clients means cutting down customer churn, or when someone cuts ties with your business. The higher your churn rate, the more your management and marketing teams must focus on raising your retention rates. Knowing […]
