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Paul Miller
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Mistake #7: Treating all customers alike. Loyal customers are more profitable than new or disloyal customers. Segment by profitability, and focus your attention. Reprice products to those who are low-profitability customers.
Mistake #8: Failure to develop a retention program. Most companies are set up for acquisition. Few have specific retention programs. One dollar spent to retain customers returns more profit than $1 of acquisition.
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- Companies:
- KBM Group
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Paul Miller
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