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| Podcast: | Improving Customer Experience |
| Rank: | #6740 |
| Category: | Business > Management & Marketing |
| City: | SF Bay Area |
| Title: | Improve Customer Experience by Reaching Out to At-Risk Customers |
| Author: | Lynn Hunsaker |
| Description: | Over-focus on customer acquisition teaches customers to switch brands. For example, the brand switching rate, called customer churn, is 40% for the mobile phone industry, compared to a 7% customer churn rate for the insurance and financial services industries. Some good advice is to quit training your customers to switch – get off the churn bandwagon. Example from Orange / France Telecom. From... |