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Gartner found that it costs up to 10 times more to lure and win over a new customer than it does to retain one.
It further estimates that a 5 percent increase in retention rates can increase profits by 25 percent to 125 percent.
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19Days to enter The Bookmarks 2008
Entries are open and can be submitted online at www.thebookmarks.co.za. Entries close 31 October.
18Days To Good Food & Wine Show 2008
Gauteng Exhibition Centre 30 October to 02 November 2008 www.gourmetsa.co.za