CONSUMER RETENTION
There are many different retention programs that a company can utilize to keep customers happy. Customers do have different needs, and it is important not to initiate a one size fits all retention program. Successfully retaining customers may need an incorporation of a variety of options based on your business and customer base. Here are some basic retention strategies to consider:
- Appeasement: Reward customers for issues they have experienced
- Frequency Purchase Bonuses: Increase the rate of customer purchases
- Recognition: Rewarding top customers shows them you care.
- Rewarding Self-Service: Reward customers for following instructions versus calling support.
- Referrals: Reward them to recommend, tweet, or blog about your products and services
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