Loyalty is Cheaper Than Acquisition - Deepstash
Loyalty is Cheaper Than Acquisition

Loyalty is Cheaper Than Acquisition

Most companies overspend chasing new customers. Kotler reveals that it’s far smarter to delight the ones you already have. When marketing becomes experience, customers become advocates.

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Similar ideas to Loyalty is Cheaper Than Acquisition

Loyalty

GOAL

Continue to nurture relationships with your customers so you can remain in their minds.

STRATEGIES

  • Rewards programs

How (early) hype hurts startups

A startup can be mortally wounded by early hype:

  1. Hype-market fit: When you have a hoard of users all with different use-case you end up optimising for the wrong things.
  2. Hitting the hype air pocket: Because of an unpolished product the perceived...

Unlearning with customers

  • Companies have two customers: the people you sell to and your employees.
  • Direct, raw, unfiltered feedback from customers is much better than reports from within the company.
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