Acquisition Fever or Retention Fix? Decoding the DNA of Business Success
Customer acquisition carries a hefty price tag, sometimes up to 25 times more expensive than retaining existing customers. It’s common knowledge, supported by many studies, that customer acquisition—the process of attracting new consumers—is more expensive than customer retention—fostering client loyalty, repeat buying, and cross-selling. However, many businesses tend to focus on acquisition and neglect fostering […]
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