Relationship Marketing For Customer Retention
Effectively using relationship marketing to retain customers, Applications of relationship marketing etc
Description
The owner of every business is the customer, because without the customer no business can survive, this underscore the important of the customer in any organisation.
Relationship marketing is projected to understand the customer and provide the customer with anything they want. building strong relationship with a customer is a good thing for the growth of the organisation which will turn into profitability.
Every organisation need to build a strong customer bonds for effective mutual benefits, good firms will not do things for their customers to leave them because it cost more to gain one new customer than to loss them. Companies need to do more to improve customer retention, which comes by total commitment to the customer. Relationship marketing stresses internal marketing, which is using a marketing orientation within an organization itself. Many relationship marketing attributes like collaboration, loyalty and trust determine internal customers' words and action. Relationship marketing build strong trust and clearly influence customers to become loyal. Relationship marketing help customers to take decisions easily because of their experience with a company. A principle of relationship marketing is the retention of customers in order to ensure repeated trade preexisting customers by satisfying requirements above those competing through a mutual beneficial relationship. Relationship marketing is a key competitive advantage.
What You Will Learn!
- How to build loyalty
- Learn two way communication of relationship marketing
- Understand the benefits of relationship marketing
- Learn about forming strong customer bonds
- Learn about reducing customer defection
- Learn the three step process to improving customer retention
- Strategies to retain new customers
- Approaches to relationship marketing
- Applications of relationship marketing
Who Should Attend!
- everybody, students, marketers, salespeople, business consultants, business owners, self employed, business people, professionals, self employed, managers, directors, companies,