Customer Acquisition and Customer Retention: which one is more important

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.

Buying products online- What do the customers look for?

Buying products online- What do the customers look for?

Another thing that makes the Web a popular choice among shoppers is the freedom to get their orders right away. Going through the process of buying something and waiting for it to arrive at their doorsteps can be extremely frustrating, especially if you are in a rush. This is why online shopping has become so much more prominent within our society. With online shopping, customers can browse products without having to find the time to physically search for them, or even look up the product from physical stores in real time.

A decline in organic reach on social media platforms

A decline in organic reach on social media platforms

On the surface, social media might seem like a huge opportunity for brands. But growing numbers of consumers are following companies with a critical eye, seeing through the latest marketing strategy. Social media users are seeing your posts, but the content that audiences see organically on social media platforms is largely governed by algorithms. Social media networks want you to pay to play. Therefore, organic reach has declined.

Artificial Intelligence And Law: A Review Of The Role Of Correctness In The General Data Protection Regulation Framework

Artificial Intelligence And Law: A Review Of The Role Of Correctness In The General Data Protection Regulation Framework

In the next few years, artificial intelligence will have a profound impact on many industries, including legal. AI improves the accuracy of search results and customer service interactions by automatically identifying keywords for users to find information about products and services. Machine learning uses algorithms to improve their performance over time without any user direction or intervention, creating what's known as an autonomous algorithm. These algorithms analyze massive amounts of data and come to conclusions based on its own learnings without oversight from a human being.

10 reasons of over spending cost which the most of businesses are doing

Reasons Businesses Overspend

In today's business environment, it's easy to overspend. Here are 10 reasons why companies do overspend and how you can avoid them.

Relevance of Corporate Social Responsibility in brand development

Relevance of Corporate Social Responsibility in brand development

Receiving Negative Word of Mouth: The Connection Between Consumers and the Brand

Receiving Negative Word of Mouth: The Connection Between Consumers and the Brand

Why market research is an interesting profession?

Why market research is an interesting profession?

New Technology and Time Management Skills Improving

New Technology and Time Management Skills Improving