Churn Rate: What It Means, Examples, and Calculations
Minimizing churn is essential for maintaining a strong customer base. A lower churn rate not only reveals your customers are happy but also helps in building a loyal community that supports and promotes your brand.
How to Calculate Your Customer Retention Rate
A high customer retention rate not only provide a steady revenue stream but also helps attract new customers through positive word-of-mouth and referrals.
How Do You Build Customer Retention and Loyalty
By focusing on customer retention and loyalty, businesses gain a deeper understanding of customer behaviors, identify strengths and weaknesses in their business to implement strategies for long-term loyalty and growth.