Customer Retention > Customer Acquisition. Period.

Image for article Customer Retention > Customer Acquisition. Period.
News Source : CMSWire

News Summary

  • Retention is not a mindset shift.
  • It is a system build.
  • The problem is not that companies dislike retention, it is that they are not set up to deliver it.
  • Most organizations have customer data, but it is scattered.
  • Retention touches too many functions to be run informally.
  • There is no intake for cross-functional initiatives.
  • No prioritization model for testing.
  • No governance for how campaigns, journeys and triggered messages overlap.
  • Everyone must align around one goal: make it easier for customers to stay.
The GistRetention is infrastructure. Not a mindset, but a system of data, staffing and process.Operations drive outcomes. Retention fails when its treated like a campaign instead o [+17971 chars]

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