Why do we ignore what we know to be true?

January 5, 2008

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Have you ever heard the saying – “the customer is always right”? Of course, we all have.

Did you know that it’s at least 5 times less expensive to keep an existing customer than it is to gain a new one?  I’m willing to guess most of have heard this or a similar statistic.  Inherently, we know these, and a million other similar statements to be true.  Then why is it that most companies place so little emphasis on maintaining the loyalty of current customers?

I believe the biggest reasons is: Read the rest of this entry »