Did you know that the majority of business leaders are investing in retaining existing customers, rather than acquiring new ones? 💭 67% of companies invest more in retention and loyalty, whereas only 31% spend their money on customer acquisition, according to the 2024 Antavo Global Customer Loyalty Report In many cases, this investment is going towards developing the digital products that are essential to boosting loyalty in 2024. Find out how you can leverage your own digital products to boost loyalty in our latest article: https://bit.ly/49Rfz46 #customerretention #customerloyalty #digitalproduct
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Why is customer loyalty so important? Let's look at the numbers: 🔴 5% improvement in customer retention can increase profits by as much as 25%. 🔴 Companies are 60-70% more likely to convert an existing customer into a long-term customer. In contrast, the likelihood of converting a website visitor into a first-time customer is just 5-20%. 🔴 Gartner found that 80% of a company’s future revenue comes from just 20% of its existing customers. 🔴 Acquiring a new customer costs five to 25 times more than retaining an existing one. Retained customers also spend more with their favourite brands and shop more frequently. Discover the secrets of successful customer retention strategies on our blog: https://bit.ly/3V2kyJL
Why is Customer Loyalty So Important?
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Scalability is key for future growth. RRD's solutions provide a 30% improvement in scalability, ensuring your communication processes can evolve with your business. Learn how a Fortune 500 fintech company achieved this and more with RRD: https://lnkd.in/gsu85BrX Let's discuss a strategy to future-proof your workflows. #RRD #Creative #Brand #Marketing
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Don't fall for the online vs. offline debate. Learn how integrating both channels can unlock explosive growth and deliver the ultimate customer experience. Discover the unique strengths of each approach and unlock the winning formula for your business in this insightful article. https://lnkd.in/gQDTvBTP
Online channels are the best
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Airline customers are savvy when it comes to getting the best deal, and many won't think twice about switching airlines. So how can airlines boost their customer retention and build loyalty with such a fickle customer base? Tried and tested loyalty programmes might just hold the key 🔑 In our latest blog we're looking some of best use cases of loyalty programmes in the airline industry, with key takeaways that other airlines can use to follow suit to create or revamp their own: https://bit.ly/3x47sng
What makes the best airline loylaty programme?
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Combine innovative marketing strategies with fast and secure payment methods. By capturing your audience's attention and facilitating transactions, you're not just selling products; you're creating an exceptional customer experience. Ready to take your business to the next level? Visit us at http://www.robloweismarketing.comre information! 🌟 #BestMarketing #BestPayment #BusinessSuccess #DigitalMarketing #SecureTransactions #CustomerExperience #BusinessInnovation
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Full Stack Marketing | Founder & CEO at Real Brave™ | Helping Creators, Businesses, and Leaders Grow Online Presence and Achieve 10x Growth
Invest in technology that enhances the customer experience. From easy online transactions to personalized recommendations, tech matters. #TechInnovation #CustomerExperience What other topics do you want to learn about?
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Win the trust of new customers, collect valuable feedback, and show up where people are looking. Online reviews are critical to the success of most businesses these days. In fact, nearly 90% of consumers say they’ll only consider using a business if they have an average rating of 3-5 stars. Smart business owners are getting serious about soliciting feedback, but asking customers for reviews can be time-consuming. To help you manage this better, Ahumka Digital offers a business tool that does the heavy lifting for you, so you can gather customer experiences to boost online star power and drive more business. https://www.rfr.bz/ll8glot
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Win the trust of new customers, collect valuable feedback, and show up where people are looking. Online reviews are critical to the success of most businesses these days. In fact, nearly 90% of consumers say they’ll only consider using a business if they have an average rating of 3-5 stars. Smart business owners are getting serious about soliciting feedback, but asking customers for reviews can be time-consuming. To help you manage this better, Ahumka Digital offers a business tool that does the heavy lifting for you, so you can gather customer experiences to boost online star power and drive more business. https://www.rfr.bz/llnin07
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Payment solutions are more than just transactional tools—they're strategic assets that can drive business growth, enhance customer experiences, and innovate commerce. Discover why forward-thinking companies are prioritizing their payment systems and how this shift can significantly impact your business strategy ⬇️
Why it is time to give Payments a seat at the table — Nuvei
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Win the trust of new customers, collect valuable feedback, and show up where people are looking. Online reviews are critical to the success of most businesses these days. In fact, nearly 90% of consumers say they’ll only consider using a business if they have an average rating of 3-5 stars. Smart business owners are getting serious about soliciting feedback, but asking customers for reviews can be time-consuming. To help you manage this better, Ahumka Digital offers a business tool that does the heavy lifting for you, so you can gather customer experiences to boost online star power and drive more business. https://rfr.bz/l9yrnbj
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