Post by anamika371 on Jan 13, 2024 16:35:27 GMT 8
Existing one, it’s clear that focusing on existing financial sense—which is why customer engagement and loyalty are essential to any growth marketing strategy. Of course, a business cannot survive on just its existing customers. But that being said, if you don’t already have a solid customer loyalty strategy in place, we suggest you spend more effort thinking about it. It’s easier to sell new products to existing customers.
Engaging existing customers is not only cheaper, but also easier. Existing customers Email Marketing List already have prior knowledge and experience with your brand, so it seems easier to convince them to buy from you. And this has been backed up by data. According to the book Marketing Metrics, the probability of companies selling to an existing customer is - . On the other hand, the probability of selling to a new customer is - . firm Gartner Group also released a statistic on customer loyalty that stated of your company’s future revenue will come from just of your existing customers.
These statistics show that customer retention strategies are essential to the long-term profitability of your company and is something you should focus on right away. How to use customer loyalty to grow your brand Customer loyalty is tricky because customers are not bound by anything to stick with you. A loyal customer can jump to another brand for a ton of different reasons. Another brand may be more accessible, or they may just want to change and try out a new brand. Or perhaps there is a better promotion around the corner.
Engaging existing customers is not only cheaper, but also easier. Existing customers Email Marketing List already have prior knowledge and experience with your brand, so it seems easier to convince them to buy from you. And this has been backed up by data. According to the book Marketing Metrics, the probability of companies selling to an existing customer is - . On the other hand, the probability of selling to a new customer is - . firm Gartner Group also released a statistic on customer loyalty that stated of your company’s future revenue will come from just of your existing customers.
These statistics show that customer retention strategies are essential to the long-term profitability of your company and is something you should focus on right away. How to use customer loyalty to grow your brand Customer loyalty is tricky because customers are not bound by anything to stick with you. A loyal customer can jump to another brand for a ton of different reasons. Another brand may be more accessible, or they may just want to change and try out a new brand. Or perhaps there is a better promotion around the corner.
