When was the last time you reached out to an existing or former customer hoping to make another sale? Have you bought leads, sent them one email and never reached out again? Or worse, bought the leads and never reached out to them at all?
If your answer is, “Um, I don’t really do much customer outreach or email marketing,” don’t feel bad. It just means you’re human.
Steve Rosenbaum understands. He’s a born salesman who “starts with the follow-up” but knows that “most businesses aren’t doing it. They’re ignoring the follow-up.”
And that means they’re leaving the easy money on the table. He points to statistics showing that if a company can improve its customer retention by as little as 5 percent, it can boost the bottom line by as much as 95 percent, Rosenbaum says.