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Customer Retention

Customer Retention: I could be dead for all they know...

It never ceases to amaze me how organizations pour money into attracting new Customers, but comparatively spend little on retaining them. Everyone knows it costs far less to retain an existing customer than acquire a new one, some say it is 5 times more cost effective. Why then is there an obsession with acquiring new Customers and such scant regard given to existing customers? In this article we\'ll get to the root cause of this dichotomy.
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