Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
Latest activity
Earn Money
Review Website/Apps
Passive Income
Money apps
Paid Survey
Stock
Forex
Real estate
Paid to write
Social Media Monetization
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Personal loan
Retirement
Debt help
Savings for Students
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Business Ideas Forum
Business strategy
How does customer relationship affect business profits?
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Leah Kelvin, post: 342762, member: 106815"] The most important thing in business profit-making is to maintain a good relationship with customers: 1. If a client is retained, there will be repeated purchases and the problem of customer defection will not come up. 2. Regular customers buy more products and are also receptive to supplementary sales. 3. Satisfied customers will spread word about products positively and become loyal representatives of the brand. 4. The marketing budget can be reduced through a strong alliance of this kind, since it is possible to make advert via targeted approach. 5. A satisfied customer facilitates feedbacks which enhance satisfaction and improve reputation. 6. Building strong ties with clients helps companies gain competitive advantage and high barriers to entry for others. 7. Effective support services and simplified operational processes lead to low operation costs when compared with competitors’ costs. In conclusion, investment in customer relationships can result in higher sales revenues, improved CLV (customer lifetime value), cost savings, as well as enhanced competitiveness for sustainable success and growth opportunities in the long-term future [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Business Ideas Forum
Business strategy
How does customer relationship affect business profits?
Top