Who Gets to Go to the Marketing Heaven? 3 Deadly Sins of the Contemporary Loyalty Programs

Nowadays, in the extremely competitive market, omnipresent technology and marketing overload- the importance of building solid relationships with customers is crucial and should be one of the key elements of business strategies. Research shows that attracting new customers will cost a company 5 times more than keeping an existing customers and that 5% increase in customer retention can increase a company’s profitability by 75%[1]. These statistics clearly prove that retaining customers....

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