Alternative Marketing Strategies For Customer Retention And Reactivation
While companies look for new strategies to compete with other brands, many forget existing strategies that have a positive impact on sales and marketing. Though customer acquisition is important, retention and reactivation can help broaden the customer base majorly. Retaining existing customers is a much cheaper option than acquiring new ones. Market research has shown that it costs close to 6-7 times more to acquire a new customer than it takes to retain existing customers or reactivate dormant ones.