We Provide and Analyze the Right Customer Retention Strategy: Ken Research REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Customer retention is characterized as the act of keeping existing clients to continue buying products from any business. A good Customer Retention Strategy is made-up of clear costed & timed goals, retention measurement & timetable, closed loop feedback process and communication & activity calendar outbound. We provide customer retention strategies, which are very useful for your company or business growth including better Return on Investment (ROI), more sales stemming from customer loyalty, affordability, getting more valuable feedback and increased Customer Lifetime Value (CLV). We can boost the revenue value and improve the customer retention via right pricing strategy. Pricing is a fundamental part of marketing, which creates the revenue. Price of an item or product considers its production cost as well as the profit margin that a company wishes to charge from its clients, which would be its significant kind of revenue. An organization considers three aspects when determining the product’s price, i.e. cost, competition and consumer demand. Additionally, as the product moves through its life-cycle, its pricing strategies are changed accordingly. Generally, Pricing Strategies Assessment is very significant because it serves as a bridge between our company and clients. This assessment is a method of pricing a business uses for determining how much to sell their products or services for revenue. It is one of the most frequently overlooked & undervalued revenue levers in the business. Carefully choosing the right pricing strategy takes a profound understanding of your product, market, and your clients. Three most common pricing strategies are: competitor based pricing, value based pricing and cost plus pricing. Competitor based pricings strategies are based on competitors pricing. Value based pricing strategies are based on it’s perceived worth. In addition, cost plus pricing strategies are based on the cost of products or services plus a markup. Companies basically choose two strategies: price-skimming strategy and price penetration strategy. In price-skimming strategy, a high price/cost is initially charged for the product, with the aim of skimming “cream” from the market. Additionally, in penetration pricing strategy, the innovative products are introduced at a very low price in the market so that it penetrates the market as promptly as possible. Penetration pricing strategy is effectual when definite conditions are present in the market. Price Skimming vs Price Penetration strategy defines the difference between price skimming and price penetration strategy, which are described as follows: Purpose: Price-skimming strategy seeks to obtain the greatest profits by charging a high-markup for the product whereas the price penetration strategy seeks to obtain a greater share of the market by offering products at very low prices. Price sensitivity: In price skimming strategy, there is very low price elasticity, and clients are ready to pay high prices to obtain the product whereas in penetration pricing, the market is very sensitive to pricing. Low price leads to privileged share of the market as clients prefer to use the low-priced products. Profit margin: Profit margin for price skimming strategy is very high whereas very low for penetration strategy. For More Information, Click on the Link Below:- Pricing Strategies Assessment Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Assessment Market Potential, Business Framework Model, Company Product Positioning, Company Recruitment Strategy, Customer Retention Strategy, Field Ready Sales Plan, Go to Market Distribution Strategy, Go to Market Strategy, Industry competitive positioning strategies, Industry Performance Benchmarking, Industry Potential Business Model, Industry Sales DNA, Industry Sales Growth Diagnostics, Industry Territory Analytics, Know your Target Customers, Potential Risks Product/Service Expansion, Price Skimming vs Price Penetration strategy, Pricing Strategies Assessment, Rationalizing Company NPS