Business analysts know that it costs a company much more money to get a new customer than to keep doing business with their existing ones. Thus, to be as profitable as possible companies are urged to have loyal customers that keep coming back again and again. Unfortunately, this is easier said than done, and focusing all of your efforts on…
Tag: Loyalty
In Financial Services You Can Smile Harder And Give Away Gifts But Loyalty Is Heartfelt
In banking and investing and insurance, many thousands of service-minded people enjoy client loyalty. Yet, most labour under a false basic assumption about why clients are loyal to them or their institution, rather than competitors. What really generates loyalty is warmth. The dominant view of loyalty in financial services equates loyalty with simple continuity of service. “If they keep on…
Love About Loyalty In Love
Loyalty or fidelity means devoted commitment that cannot be broken easily. To be loyal, means to adhere to all the promises made for the lifetime. To keep all the commitments made forever. Loyalty is rather a very easy word but a very laudable quality that is difficult to keep for a lot many people. Loyalty does not consider change in…
4 Reasons Why Customer Loyalty Is Vital To Your Business
Have you ever wondered why some businesses may set up shop in areas that might not be very conducive to business and do quite well, while others are placed at major thoroughfares where walk by and drive by traffic are all but guaranteed, yet within six months they fold and the place goes up for lease or sale? The truth…
Rewards Or Cash Back Credit Card Choices
A very common question you hear asked these days is which is the better, cash back or rewards credit cards loyalty schemes. The following is a brief explanation of the cash back vs. rewards credit cards loyalty schemes argument: Cash Back Credit Cards As their name suggests, cash back credit cards offer customers the chance to reclaim a certain percentage…
Cash Back Credit Cards Reward Yourself
As the competition in the UK lending market has become ever more intense, lenders and credit card providers have had to go to ever more lengths to attract customers to them. While there is a limit to how low they can go on interest rates, in fact many now go as low as zero per cent for well over six…
Crm Keeping Customers Loyal
Customers are now in charge. Thanks to the growth of the Web, it is easier than ever to comparison shop and switch from one business to another with the click of a mouse. However, research has found that in the online market, customers yearn for trustworthiness more than ever. Customer relationships are a company’s most valuable asset – worth more…