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Profitable
customer acquisition and retention
For
an online business, turning visitors into customers is necessary for survival.
Turning customers into loyal customers is necessary for success. But online
customer acquisitions costs are high and getting higher. International Data
Corporation reported that the average online customer acquisition cost in
2000 was $95. IDC predicts that this number will rise to $122 by 2003 with
pure-play e-tailers bearing the highest costs. With online customer acquisition
costs on the rise, making customer acquisitions systems more effective is
critical. Broadly speaking there are three ways to bring online customers
to your site: link propagation, banner ads, and email. These three methods
must be used together to find and capture your target audience.
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