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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.

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.

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History of Social Media Marketing: The Most Noteworthy Successes

If you think the best thing about social media marketing is how easy it is to get started, think again! The ability to connect with people on a truly personal level has opened up so many new doors for brands. But to be successful, that communication needs to be real. And that means being authentic, flexible and scalable – all of which are difficult when social media marketing first starts out.

Advancement in Technology Can Someday Bring Artificial Intelligence to Reality

Artificial intelligence is rapidly evolving. What started out as a field of science fiction is now becoming a reality. As AI technology continues to develop, some people are beginning to worry that it could one day take over humanity. But whether you agree or disagree with the prospect of AI taking over the world, there's no denying that it's quickly becoming an important part of our everyday lives.

How does television advertisement impacts the customer’s top mood?

TV advertising can create an ROI between 300% and 500% for those who implement it into their strategy. Measuring the return on TV advertising investment involves more than just looking at an immediate increase in sales. The true power of TV advertising can offer an immense return for your business. Here are a few ways you can see the true power of TV advertising.

What is cost and cost benefit analysis

A cost-benefit analysis is a systematic process used to analyze which decisions to make and which to forgo. Treating a potential benefit or loss as a dollar value, the analyst then subtracts the total costs associated with taking that action. The resulting figure is called a net benefit; if it's positive, then investing in the project is worthwhile; if it's negative, then it isn't. Some analyzers also build models to assign dollar values on intangible items, such as goods and services, health care benefits and risks, and so forth.

Top universities teaching Market Research in the world

Marketing has its target groups and involves the use of various techniques and strategies that on a conscious or unconscious level affect the achievement of marketing goals. As modern society developed, so did marketing as its own, separate category. Although it is still a subcategory of business studies, not all schools offer the same quality marketing degrees – so here we will try to both list and separate schools that offer the best undergraduate or graduate marketing degrees in order to help you choose.

SDLC Models Explained: Agile, Waterfall, Iterative, Spiral

Project management is a very important task in software development. It has to be done in a way that will prevent delays and maintain the quality of products and services. There are so many different SDLC models in software engineering, and choosing the best one for your project is half the battle on the way to creating a successful product. People have already developed frameworks for efficient project management called software development methodologies. In this article, we’ll look at the most common ones, see what steps they include, and discuss how to choose the most suitable option according to the requirements.