I think we talked many times about it and the game did not change. However, the Infographic compares the difference of efforts organizations to take for customer acquisition and customer retention.
Digital Marketing is not anymore like traditional marketing. In the era of digital transformation happening everywhere, marketers want a proof of their investment.
I hope I do not repeat myself too often but who does not know the investment which is 1:5 but could result in more than 20% increase in profit if you focus on your loyal customers.
44% of companies have a greater focus on customer acquisition vs 18% that focus on retention, how would this result be different if more would focus on retention. Looking into companies which split their budgets we see only 40$ who do this and 30% of agencies only. Most investments go into
Below we can find out how many organizations still invest into
This infographic hones in on customer acquisition vs. retention, courtesy of Invesp Consulting.