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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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Feedback Loops as a Way of Building Sustainable Customer Retention

It’s common for businesses to encounter a gradual decline in sales. While often a result of uncontrollable external factors such as the ebb and flow of market trends or competitive pressures, in most cases well-implemented feedback loops can prevent such dips and allow businesses to proactively shift their operations to maintain customer loyalty. The reality

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Innovation vs. Risk Aversion: How Non-Techs Can Strike the Right Balance?

Big tech players built their reputations on a bedrock of innovation. In fact, innovation is seen as the primary ingredient to the success of any tech startup. However, this isn’t the case for non-tech businesses; the pursuit of innovation often comes face-to-face with the inherent fear of risk.  For non-tech players such as retail, hospitality,

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