The Most Efficient Way To Grow Your eCommerce Business

Have you spent weeks or months (or years) racking your brain trying to figure out how to get more customers?

Before you spend another minute thinking about marketing, consider a simple question: why?

Why do you want more customers? If, like most small business owners, your answer is mo money, then lets take a step back and look at some facts that might surprise you:

For most small businesses, acquiring new customers is the least efficient way to make more money.

Whats the most efficient way?

Its your customers. The ones you already have. The ones whove already raised their hand and shown you that theyre willing to spend their hard-earned money for the value that you deliver.

The potential return on spending for new users pales in comparison to the opportunity for growing your business with your existing customer base.

The research proves it: a Bain & Company report found that acquiring a new customer costs six to seven times more than retaining an existing customer. And that businesses which boosted customer retention rates by as little as 5% saw increases in their profits ranging from 5% to 95%!

Turning your existing customers into long-term repeat customers can be the most efficient way to grow your business.

Return customers tend to buy more from a company over time. As they do, your operating costs to serve them decline. - Fred Reichheld, Bain & Company

Want to help your existing customers want to buy more?

Try these three proven strategies, backed by research and case studies, to make your customers love doing business with you.

Know What Your Customers Need

Get closer than ever to your customers. So close, in fact, that you tell them what they need well before they realize it themselves. - Steve Jobs

ARTICLE SOURCE http://bit.ly/1eTRjiq : This factual content has not been modified from the source. This content is syndicated news that can be used for your research, and we hope that it can help your productivity. This content is strictly for educational purposes and is not made for any kind of commercial purposes of this blog.