When
it comes to the value of client retention, the numbers never lie.
For
instance, studies have found that a 5% customer retention rate can
spell a 75% rise in profitability for a business. Additionally, 20%
of your present customers will make up about 80% of your future
revenue. Lastly, marketing towards new customers costs five times
more than keeping existing ones.
These
findings mean that businesses should never underestimate the worth of
their existing clients to their continued success. Companies should
put in serious effort into making customers feel valued and
acknowledged, and plain, generic corporate communications is a sure
way to drive them away.
One
of the best ways to personalize communications is by sending them
custom business thank you cards. Doing so accomplishes several
things: keeps them informed, gives them a tangible reminder of why
they are staying in business with your company, and deepens
connections while fostering loyalty.
More
importantly, receiving personalized cards lets them know that sales
is not the only thing a business wants from them, but that engaging
with them in meaningful ways is also one of the company’s
priorities.
When
client retention brings so many benefits to a company, it’s just
good business sense to make sure that you make your customers feel as
wonderful as they make you feel, too.
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