{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Keep Customers If You Want To Get Big","description":"The Marketing Drive  Short marketing message that you can use right now! Keep Customers If You Want To Get Big Host: Chris Doelle | Production: Fresh Media Works Key Takeaways:  \u2022 The Retention Math: A business that must replace its entire customer base each year requires a marketing machine ten times its size just to run in place. Conversely, a business that retains its base grows exponentially as new sales stack on top of existing clients. \u2022 The Smart Buyer's Metric: If you ever sell your company or bring on investors, the first number they will check is customer retention, not raw sales. \u2022 Starting "Below Zero": Marketing cannot outrun bad retention. Disappointed customers will talk, causing your reputation to suffer and forcing you to start marketing from "below zero". \u2022 Acquisition vs. Retention Skills: Getting customers is the skill that gets a business started; keeping them is the muscle that makes it big. \u2022 The "Reverse" Downgrade Strategy: Proactively contacting customers to suggest they downgrade to a cheaper plan that fits their actual usage builds complete trust. Trading a minor sliver of immediate revenue creates compounding trust, long-term loyalty, and highly valuable word-of-mouth referrals. \u2022 Measure Reality, Not Feelings: Relying on a "feeling" about retention is deceptive. Customer refunds are just the tip of the iceberg; many unhappy customers simply leave quietly. Simply measuring your exact retention rate changes your behavior and naturally initiates the fix. Key Action Items  \u2022 Find Your Numbers: Calculate the exact percentage of last year's customers who are still paying you today. \u2022 Be Honest About Your Growth: Diagnose whether your business is genuinely growing or if you are simply masking a leaky customer base with aggressive marketing. \u2022 Practice Proactive Honesty: Find one opportunity this month to put a customer's interest first\u2014such as suggesting they downgrade or telling them they do not need an add-on they requested. \ud83d\udcde Contact Phone: 713-269-4620 | Web: freshmediaworks.com   ","author_name":"Lone Star Gridiron","author_url":"http:\/\/www.lonestargridiron.com","html":"