• DocumentCode
    1236759
  • Title

    Keep those customers [retaining and expanding existing customer base]

  • Author

    Clapham, Paul

  • Volume
    6
  • Issue
    6
  • fYear
    2005
  • Firstpage
    22
  • Lastpage
    23
  • Abstract
    This article examines ways of retaining and expanding an existing customer base. It begins by outlining the reasons why existing customers are more profitable than winning new customers. It then proposes practices that should be built into a customer retention policy. These include communication, delivery completion, and how to react when things go wrong.
  • Keywords
    customer relationship management; customer satisfaction; problem solving; customer base expansion; customer communication; customer retention policy; customer satisfaction; delivery completion; existing customer base retention; existing customer profitability; problem solving;
  • fLanguage
    English
  • Journal_Title
    Engineering Management Journal
  • Publisher
    iet
  • ISSN
    0960-7919
  • Type

    jour

  • DOI
    10.1049/em:20040604
  • Filename
    1394868