Focusing on the customer leads to profitability - Deepstash

Focusing on the customer leads to profitability

Some businesses are only focusing on getting more customers, but once the customers are there, companies don't spend anything to keep them.

Customers can leave for multiple reasons:

  • We've over-promised but can't deliver on our promises.
  • The rest of the organisation is not delivering the kind of experience the customer wants.

Because you end up acquiring three customers to keep one, that one customer becomes much more expensive.

31

280 reads

CURATED FROM

IDEAS CURATED BY

erbrigh

Surveyor for building control

Many companies experience the leaky bucket phenomenon. They spend all their energy acquiring new customers but neglect them as soon as the deal is done. Investing in your customer experience can be your best marketing and sales strategy.

The idea is part of this collection:

The Startup Masterclass

Learn more about business with this collection

How to start a successful business

How to build a strong team

How to market your business

Related collections

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.

Email

I agree to receive email updates