Sentences with phrase «very high customer retention»

Not exact matches

The four critical factors are: (a) businesses with recurring revenue bases — like a renewable subscription — are far better than ones dependent on constantly securing new customers; renewals are much easier and less expensive to secure than new sales; (b) customer retention is absolutely critical — all customers are very costly to acquire and very easy to lose in a world of almost infinite choices; (c) businesses based on products that require constant replacement or renewal (the «razor blade» model) are much more attractive than durable goods businesses (like selling refrigerators) where the products have very long repurchase or replacement life cycles and where the market could even fairly quickly reach saturation points; and (d) businesses that offer products or services that had a predictably high rate of obsolescence were much more attractive than those where the products had long, useful lives.

He also said that auto insurers face a «very competitive market» where customer retention rates are higher than in other industries.

Retained a very high client retention rate by earning an excellent reputation and always being within budget and gained customer loyalty through regular communications, follow through and strategic marketing Organized and oversaw sales lead generation practices, cold calling and client development programs, using a hands on approach to retain present clients and identify possible new clients in a constantly changing market.