Source:
https://www.citybyapp.com/articles/what-are-the-tips-for-creating-long-term-client-loyalty-1961
Companies spend millions of dollars to get new clients through various promotional techniques, but few realize it is cheaper to retain an existing customer than to acquire a new one. In fact, the Harvard Business Review states it is 25 times more expensive to get new customers than to retain existing ones. Focus on customer loyalty can help to make each dollar of your marketing budget count and also earn higher revenue for your company.
