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Common Reasons Companies Lose Customers?
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[QUOTE="Chibson, post: 238867, member: 27553"] knowing how to maintain your old customers and attract new customers in is very crucial and important for any business venture because that alone can determine if you will really be successful or not. Like someone have stated, a lot of businesses are only focused on attracting new customers but they are not focused on maintaining their old customers which goes a long way to haunt them in the nearest future. A business that is mismanaged will definitely lose customers in no time. If you want to venture into a business you must make sure that the kind of people you employ are business-minded and they have proper knowledge and understanding of how to run a business successfully. They must be people who are experienced in business because experience is needed for any business to succeed. Another main reason businesses lose their customers is when they are selling their products at a higher price than their competitors. If your competitors are selling their products at a lower price then the possibility of you losing your customers is very high because people will no longer buy from you again. As a businessman, you must try as much as possible to know the amount your competitors and selling their products and from there, balance your own. [/QUOTE]
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