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
Link To Document