Customer Retention
The song "Make new friends but keep the old, one is silver and the other gold" should be the jingle for customer retention. Customer acquisition is about attracting new customers. Customer retention is about keeping customers and increasing profitability and lifetime value of each customer or account.
The cycle is: get customers -> keep customers -> get more business from existing customers -> create Brand Fans who generate referrals and positive word-of-mouth.
What's required to retain and develop customers?
Developing measurable marketing objectives, strategies and tactics for how to:
- Retain a customer (or an account if it's a B2B sale).
- Inspire and convert...
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Customer Satisfaction & Loyalty
Social Media
Word-of-mouth
Brand Building
Sell More
- Create Customer Contact Plans
- Understand Customer Lifecycles
- Sell More to Existing Customers
- Identify Most Profitable Customers
- Customer Retention
- Treat Customers like VIPs
- Improve Customer Satisfaction
- Improve Patient Satisfaction
- Fire Difficult Customers
- Deal With Customer Complaints
- Manage Your Online Reputation
Sales
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