2. Fulfilling UX generates consumer loyalty
Did you know that it costs five times more to attract a new customer than to enerate repeat business from a current one?
If your UX design provides a simple, hassle-free approach for your clients, they're far more likely to stick with you. Make brand loyalty a priority.
6
33 reads
The idea is part of this collection:
Learn more about business with this collection
The impact of opportunity cost on personal and professional life
Evaluating the benefits and drawbacks of different choices
Understanding the concept of opportunity cost
Related collections
Similar ideas to 2. Fulfilling UX generates consumer loyalty
Why is customer retention important?
70% of companies say it’s cheaper to retain a customer than acquire a new one. The old rule of thumb says it costs 5 times more to acquire a new customer than it did to retain one.
Engaged consumers buy 90% more frequently, spend 60% more per transaction, and are five times more likely to i...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates