Improve profits whilst reducing promoting costs by 80%!
Did you know that it costs 500% extra to obtain a new customer than it does to retain an active a single?
500%!
So with that getting said, how much attention and focus does YOUR company spend on retaining Current buyers?
Or are you one of the a lot of businesses that focuses all their advertising dollars and energy on chasing down new leads and new users?
Are you able to say exactly what percentage of your marketing budget is focused on retaining active buyers?
Do you realize when your existing clients stop purchasing from you and begin going elsewhere?
Do you notice that they haven’t been to your company in a specific amount of time?
No?
Then you won’t be surprised to know that, according to a recent study, over 68% of customers will take their organization elsewhere simply since they didn’t really feel that there involvement with a business was being valued.
68%!
So not only are you investing 5 TIMES a lot more money, attracting new buyers, but you might be spending 5 TIMES more money to REPLACE the users, you already had, which are now LEAVING…to do enterprise with your competition!
Can you see why some companies feel like they’re burning via funds, although others are seeing insane amounts of profits, even in a poor economy?
If you do not already have a system or strategy, in location, that focuses on retaining your current customers, and showing them you value their small business, then it can be time you produced 1.
Otherwise be prepared to retain investing much more and additional money, to TRY and maintain up with your competition that is attracting YOUR customers.
Don’t be a organization that focuses purely on the “first” sale, but realize you’re sitting on a GOLD MINE of repeat small business from a targeted base of previous buyers!
Remember: The fortune is inside the follow up!
You’ve spent all that cash getting your clients within the initial place, now it is time to maximize your ROI on that expense, and get as a lot of repeat sales as you can from satisfied customers.
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