AI-powered Market Research: Survey | Form | Quiz | Registration Form | Booking Form

Customer Acquisition and Customer Retention: which one is more important

Before you sign up for a new business, you should ask yourself whether it is more important to find new customers or retain old customers. The more customers you have, the higher your return will be to the initial investment in the business. The average lifetime value of a customer is about 6 times higher for those who use their services once than those who use their services regularly. Therefore, losing a customer through lack of loyalty is much more expensive than gaining a new one by your brand advertising efforts.

Customer journey mapping and its application

Have you ever wondered what your customers go through before and after purchasing your product or service? Understanding their journey is crucial for businesses to provide exceptional customer experiences. This is where customer journey mapping comes in handy. It helps visualize the entire process of a customer's interaction with a brand, from initial awareness to post-purchase evaluation. In this article, we'll explore the benefits of creating a customer journey map, how to create one yourself and tools that make it easier, as well as its various applications.

How Artificial Intelligence Will Affect Social Media Monitoring

Technology is everywhere and our lives are becoming more connected to one another than ever. One of the most popular ways to stay connected is through social media. A quick Internet search reveals that every smartphone user uses at least one social media application (Instagram, Facebook, Twitter, Tumblr, LinkedIn, Snapchat). Technology continues to advance rapidly and with it comes an increase in the amount of time people spend online.

How to Leverage Marketing to Drive Innovation

Cost of talent acquisition vs. the cost of talent retention_ Which is higher

As a business owner or HR professional, you understand the importance of having top-notch talent on your team. However, finding and retaining that talent comes at a cost. In today's competitive job market, it's essential to strike a balance between acquiring new employees and keeping current ones happy. But which one costs more? Is it more expensive to attract new employees or keep your existing ones satisfied?

How to do competitor analysis

Are you struggling to get ahead of your competitors in the market? Well, fear not as competitor analysis is here to help! By analyzing what your competitors are doing, you can gain valuable insights into their strategies and tactics. This will help you make better decisions for your own business and ultimately give you an edge over them. In this article, we’ll dive deep into how to do competitor analysis and provide examples of how successful companies have leveraged it to their advantage.

Social Media Marketing Role in Lead Generation

According to statistics in 2021, more than 4.6 billion people are using social networking sites such as Facebook, Tik Tok, Instagram.. This is a golden opportunity for businesses to reach target customers through Social media marketing (SMM).

Impact of leads generated from different social media platforms

Social media has continued to grow and evolve from being an optional channel for brands to often being the cornerstone of their social media marketing strategy. With this evolution there are more tools to help marketers in their process and a new wave of technological advances has also set in motion. Social media is a powerful marketing tool, and it provides you the opportunity to create and reach out to many more customers than you would be able to with your traditional methods. By creating a presence on social media, you are able to influence others in ways that will ultimately lead them to buy from your brand. Social media can be an effective way to find potential customers and lead generation if you use their power for what it’s meant to be used for. Although social media is primarily a communication tool, there are several ways it can be used as an aid in lead generation. For example, looking at your brand audience on social media networks will help you determine who might consider your product or service. You can also use these same channels to target certain customers based on their location and interests, creating opportunities to reach them personally while they are online.

How Artificial Intelligence and Machine Learning Can Impact Market Design

In the age of machine learning and AI, there is a lot of conversation happening around Artificial Intelligence, Machine Learning, and using algorithms to shape the future of Design and the role of the designer. But how is that changing the way we work in the near future? AI and Machine Learning can be used in the Marketing and Retail industry to forecast consumer demand and producer supply as well as help target products and activities to finer segmented markets. Artificial Intelligence and Machine Learning are used in marketing to avoid market outcomes causing a high variance in prices, or worse, blackouts.