Analysing customer defections and their effects on corporate performance: the case of Indco
Article Abstract:
Companies spend considerable amounts of time and money advertising, running promotions and launching new products in an attempt to attract new customers. What is seldom recognised is the importance of keeping existing customers. The pseudonym IndCo is used to represent a UK sudsidiary of an American company and a detailed breakdown of relevant factors such as customer age, defection probability and marketing to existing customers is given. The analysis concludes that the costs of retaining customers are lower than the cost of attracting new customers.
Publication Name: Journal of Marketing Management
Subject: Business
ISSN: 0267-257X
Year: 1996
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Segmentation based on customer profitability - retrospective analysis of retail bank customer bases
Article Abstract:
It is suggested that retrospective analyses of customer bases to identify relationship profitability are a good basis for customer base segmentation. Increased understanding of existing customers is essential to achieve relationship marketing goals of improving relationships with existing customers. Studies of two Nordic retail banks demonstrate a variety of ways to segment the customer base.
Publication Name: Journal of Marketing Management
Subject: Business
ISSN: 0267-257X
Year: 1997
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Are loyal customers profitable? Customer satisfaction, customer (action) loyalty and customer profitability at the individual level
Article Abstract:
Relationship between individual customer's satisfaction, loyalty (action) and profitability is studied. Extent to which a loyal customer can be profitable is examined.
Publication Name: Journal of Marketing Management
Subject: Business
ISSN: 0267-257X
Year: 2006
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