Over at CustomerThink, they recently wrote a great post about what you should do in these tough economic times to retain your customers. As you’ll see budget cuts to the sources that bring in your customers – like marketing and advertising – it’s critical to keep the customers you currently have. Took keep them through these difficult times, you must keep your customer service quality high and give them no excuse to switch to a competitor.
A great article at the Customers Think blog, they discuss how one company is not increasing their fees for their customers. They realize that everyone is currently going under an economic burden. Currently, everyone is cash strapped, and they realize that hiking prices now could increase revenue now, but there is no incentive for customers to stick around in the future.
Do you see it this way?