4 R for your customer
You need to keep the following customers based on the 4 R
Repeat
Related
Reference
Rewarding
Repeat: Your customer must have the potential for repeat business. The same customer must have an opportunity to give additional business for the same line of business
Related: Your customer is potential enough to give any additional business to your other vertical or any other accessories
Reference: Your customer must refer your product or services to his friends. He can be a referral point
Rewarding: Customers must give profit to you. It must be a rewarding customer
If your customer is not falling in any of the above it is not worth holding those customers. Otherwise, you should convert them to any of the above parameters
Repeat
Related
Reference
Rewarding
Repeat: Your customer must have the potential for repeat business. The same customer must have an opportunity to give additional business for the same line of business
Related: Your customer is potential enough to give any additional business to your other vertical or any other accessories
Reference: Your customer must refer your product or services to his friends. He can be a referral point
Rewarding: Customers must give profit to you. It must be a rewarding customer
If your customer is not falling in any of the above it is not worth holding those customers. Otherwise, you should convert them to any of the above parameters
Sir Informative and useful for beginners like me. Thank you for sharing your thoughts.
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