Customer Retention Strategies

Customer retention means keeping customers locked in with your business for a long term. This means you spend less and naturally earn more, don’t take my word for it, listen to the experts. According to Harvard Business School , by increasing just 5% retaining rate, will see you an increase your profits by 25% to 95%. This study made experts scatter to focus on retaining rather than getting new customers. Why wouldn’t they? It doesn’t make sense to keep filling a bucket with holes in it. In today’s day and age, it’s very hard to retain customers, given how much competition there is. So, here are a few strategies that will help you get the upper hand when it comes to keeping your costumers happy. To focus more on retention than acquisition, consider: · Use your words proactively: Customers want maximum utilization of their business, so a majority of them will be stingy, and might back down if they see less money being spent so...