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The $100 MBA Show

MBA1304 How to Improve Customer Retention Quickly

The $100 MBA Show

Omar Zenhom

Marketing, Entrepreneurship, Careers, Business

4.91.2K Ratings

🗓️ 9 July 2019

⏱️ 12 minutes

🧾️ Download transcript

Summary

Is your business leaking? We’re gonna say it: Customer retention is just as important as customer acquisition. If you’ve got a churn problem, the time, money, and effort you put into attracting and converting is being wasted. Let’s put a stop to that, now!

Transcript

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0:00.0

Heyo! Welcome to the $100 R.M. Show the solutions you're looking for for your business every day

0:15.2

with our daily 10 minute business lessons for the real world.

0:18.8

I'm your host, your coach, your teacher, Omar Zen Home.

0:22.2

I'm also the co-founder of the $100 MBA, a complete business

0:25.6

training and community online. And in today's lesson you will learn how to improve your

0:30.4

customer retention quickly. You work super hard to attract potential customers,

0:35.4

convert them into customers, you spend time, you spend money, and that's why it's so heartbreaking

0:40.9

when they leave you. Whether you have a SAS business and software as a service business where you have reoccurring payments,

0:46.0

or you charge your customers in a reoccurring fashion,

0:49.0

or you have a service where you have clients that come back to you for services, retaining your customers

0:54.3

is essential.

0:56.0

It's essential for you having longevity as a business.

0:59.4

If you can keep your customers happy and keep them customers, even if you have slow growth, your business will customers whatever period they're getting charged, you're getting in new customers that are staying on,

1:13.7

and you're building upon solid ground. But what do you do if your retention is lousy? And most of us

1:19.5

have this fight or flight reflex, or like, we to do something now we got to change this.

1:25.1

So in today's lesson I'm going to share with you one way to quickly improve your

1:29.8

retention as fast as possible. I've learned this through experience and I want to share

1:34.3

it with you. So let's get into it. Let's get down to business.

1:37.0

Smartwater is proud to support the ones who are eager to get down a business.

1:47.0

That's why they created two new ways to hydrate.

1:50.0

Smart Water Alcoline with 9 plus pH helps keep you hydrated while you're on the move.

1:55.0

And Smartwater antioxidant with added selenium helps you find bounds for your body and mind.

...

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