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What is Customer Loyalty? How is it Managed?

SmartMessage Blog

As far as the costs are concerned, statistics show that it is more expensive to acquire new customers compared to customers in hand. By focusing on retention, companies can decrease lead generation costs and improve their ROI. In some cases, loyal customers act even like fans and support brands with full dedication.

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What is Customer Loyalty? How is it Managed?

SmartMessage Blog

As far as the costs are concerned, statistics show that it is more expensive to acquire new customers compared to customers in hand. By focusing on retention, companies can decrease lead generation costs and improve their ROI. In some cases, loyal customers act even like fans and support brands with full dedication.

Loyalty 40
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We Asked 30 CX Influencers if They Would Recommend the Net Promoter System

Lumoa

Peter Lavers Customer Experience and CRM Expert. NPS is NOT the answer to everything like some would have us believe - especially in corporate / B2B key account management where long-term trust and relationship quality are key. Knowing the “why” behind the number and how to use it to gain a competitive advantage is another.

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