Harvard Business ReviewReview · 2014
5 to 25×
more expensive to win a customer than to keep one
Keeping a customer costs far less than winning one
According to Harvard Business Review, acquiring a new customer costs five to twenty-five times more than keeping an existing one.
For your business
Every customer who comes back is a sale with no acquisition cost. For a local shop as for a network, loyalty is the first growth lever, before advertising.
Amy Gallo, “The Value of Keeping the Right Customers”, Harvard Business Review, 2014Read the study (new tab)