Increase profits although reducing marketing expenses by 80%!
Did you know that it costs 500% additional to obtain a new customer than it does to retain an present a single?
500%!
So with that being said, how much attention and focus does YOUR enterprise spend on retaining Present customers?
Or are you a single of the many businesses that focuses all their marketing dollars and energy on chasing down new leads and new customers?
Are you able to say exactly what percentage of your marketing budget is focused on retaining current users?
Do you recognize when your existing consumers stop purchasing from you and begin going elsewhere?
Do you notice that they haven’t been to your organization 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 company elsewhere simply since they didn’t feel that there involvement with a company was being valued.
68%!
So not only are you investing 5 TIMES extra dollars, attracting new users, but you’re investing 5 TIMES additional dollars to REPLACE the clients, you already had, that are now LEAVING…to do small business with your competition!
Can you see why some companies feel like they’re burning via income, whilst others are seeing insane amounts of profits, even in a poor economy?
If you don’t already have a system or strategy, in place, that focuses on retaining your active buyers, and showing them you value their company, then it really is time you produced a single.
Otherwise be prepared to keep investing much more and more funds, to TRY and retain up with your competition which is attracting YOUR buyers.
Don’t be a enterprise that focuses purely on the “first” sale, but recognize you might be sitting on a GOLD MINE of repeat enterprise from a targeted base of previous buyers!
Remember: The fortune is inside the follow up!
You’ve spent all that funds getting your customers within the very first place, now it truly is time to maximize your ROI on that expense, and get as many repeat sales as you can from satisfied customers.
For assistance in getting your company in front of your online clients, visit us at: LocalBusinessSuccess.com – Local Business Success focus is on helping local businesses gain new customers utilizing online business marketing strategies. Learn more and INSTANTLY grab our FREE report “Local Business Internet Marketing”
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