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The basis for improvement is that loyal customers make

Posted: Thu Jan 23, 2025 4:55 am
by hasibaakterss3309
Increased profits – regular customers make repeat purchases more often and are more willing to purchase expensive goods.
Improving business reputation – satisfied customers leave good reviews and often advertise “their” manufacturer to friends and acquaintances.
Cross-selling opportunities – expanding sales offerings through related products and additional services.
Continuous feedback from consumers helps to make changes to the product in order to improve it.
Income forecasting – with a stable customer base, sales results become more predictable.
Identify problems early by receiving information from customers.
Assessing the customer's life cycle with kuwait telegram number database the possibility of developing a long-term development strategy.
Increasing the level of stability and competitiveness of the enterprise – having loyal customers means control over market share.
Attracting investments – for potential investors, a high CRR is an indicator of the company’s development prospects and the feasibility of investments.

Protection from competitors – high customer loyalty prevents new manufacturers from entering the market.
Reduced operating costs because repeat customers are more familiar with the products and have less need for customer support.