Customer Retention -
A
Simple Analysis
Improving or
maintaining high customer
retention
is one of the greatest challenges facing Auto
Franchises and any business for that matter. Whether it's
a sales or service
department, customer retention is reliant on a
business providing great service. The better the
service the greater the result from marketing
activities. It's simple to see
how the power of retaining customers can
catapult a dealer's service department bottom line profit.
It is widely known
that customers leave a businesses for a number
of reasons such as; affordability, convenience, feeling
unappreciated and taken for granted. A re-contact/loyalty
program can reverse some of this negative
sentiment, so a customer
relationship management (CRM) spend, should be
part of any business budget.
For this review,
we'll look at......
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