Business Wine Down

Step 4: Retaining Customers


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We're covering the 5 Steps of the Customer Journey in this mini-series. The Customer Journey allows us to perfect the path potential and existing customers follow, allowing us to turn customers into lifelong advocates of your brand (if done appropriately).

Step FOUR of the Customer Journey is RETENTION, the powerful yet overlooked profit maker. Did you know it costs ~5X more to acquire a new customer than it does to keep an existing one? And a 5% increase in customer retention equals ~25-95% more profits!! The numbers speak for themselves - retaining clients is critical.

Having a retention strategy for your business is your first step! 

You can learn more about the Customer Journey here. Follow us on Instagram for everyday business tips and visit our website to get in touch.

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Business Wine DownBy Local Union Business Strategy

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