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Frequently Asked Questions
What is customer retention?
Customer retention is the rate at which customers tend to stay with a brand for a particular period of time. When you satisfy your customers with your products, services and support, they tend to stay with you for a long period of time. Customer retention is an important metric for a brand to measure their ROI, since retention is more conducive to a company’s revenue than chasing new customers. It is less expensive and more profitable.
How to improve customer retention?
You can improve customer retention by applying the right customer retention techniques throughout the customer journey and perfecting the onboarding process. Here are some quick tips on how you can do it:
- Give your customers constant support and resolve their queries quickly
- Take honest feedback often and act on it
- Apply new methods of communication in your campaigns based on your customers’ likes and dislikes and experiment with omnichannel marketing strategies that your customer might align themselves with
- Reward your customers with discounts, offers, coupons, vouchers, etc. and keep them coming back for more
How do you analyze customer retention?
You can analyze your brand’s customer retention by:
- understanding and studying customer behavior, including their purchase patterns, browsing behavior, their aha moments and their churn moments
- locating relevant patterns related to churn and retention
- compare high-value customers with those churning to understand where customers are dropping off, and curate campaigns based on this data
Straight From the Editor's Desk
Here are some actionable resources on customer retention that we've curated for you
How Retention Strategies Can Be Built With the Help of Marketing Automation
How Retention Strategies Can Be Built With the Help of Marketing Automation
How Retention Strategies Can Be Built With the Help of Marketing Automation
Mobile App Retention: Benchmarks, Strategies & Best Practices [Infographics and Videos]
How Retention Strategies Can Be Built With the Help of Marketing Automation
How Retention Strategies Can Be Built With the Help of Marketing Automation