Customer Retention Strategy | Field Ready Sales Plan: 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 The Field Ready Sales Plan is a particular arrangement that sets out the sales targets & system for your business, and identifies different steps you take to meet your objectives. It assists you to choose the sales strategies that are appropriate to your target market, define a set of sales targets for your business, motivate, activate, and focus your sales team, recognize sales tactics for your sales team budget & clarify steps you will take to achieve your targets review your objectives periodically and improve your approaches to sales. An effective sales plan is required to provide strategic direction for the sales team, monitor sales team’s progress to organizational goals, to communicate the company’s goals or objectives to your sales team and outline the roles & responsibilities for sales team & leadership. A typical Field Ready Sales Plan includes revenue targets, target customers, pricing & promotions, strategies & tactics, team structure, market conditions, deadlines & DRIs (Directly Responsible Individuals). Many businesses develop/update sales plans periodically every 6 or 12 months. You should treat your sales plan as a living’ document, which you can revise regularly. Ken Research has numerous customer retention strategies to increase your sales. Customer retention refers to various activities that companies do for reducing the number of customers they lose each quarter, month, and year. Customer retention is essential for long term survival of your eCommerce business and eStore. Some stages of customer retention include social bond, financial bond, structural bond, and customization bond etc. Social bond focuses on building social bonding with the customer that builds longer time profits. In financial bond, customers are offered financial benefits for instance discounts and other free cross-services to avoid the churn. The business uses this stage of retention to get customers’ attention for other levels of retention. Structural bond stage works in Business-to-Business (B2B), in which the business forms a bonding intimate enough that they share a part of business structure that is hard to break. Therefore the retention becomes a crucial part of business structure. Additionally, customization bond stage involves the mass communication with the customer & developing an intimate understanding between the two. With this bonding, the product or services are no longer of one standard but get customized as per the customers’ requirements. The price or charges become more flexible. Some of the key Customer Retention Strategy includes form customer councils, preview & validate new features, run contextual in-app surveys, onboard new customers, set cleat expectations, act of customer feedback, utilize product announcements, offer multi-channel support, send customer satisfaction surveys, start a customer loyalty program, trigger emails to bring back inactive users, incentives customers with referral programs, use a discount to re-engage first time buyers, use the element of surprise, publicly acknowledge your mistake, empower customers with self-serve resource, thank your customers, and among others. With the effective customer retention strategies, you can boost sales revenue, protect your business resources, build a strong commercial relationship with your clients, and take your business towards branding, all in most cost-effective ways. For More Information, Click on the Link Below:- Customer Retention Strategy 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 Journey Preferences, Customer Retention Strategy, Field Ready Sales Plan, Go to Market Distribution Strategy Industry competitive positioning strategies, Go to Market Strategy, Industry Cost Optimization Solutions, Industry Lead time Reduction, 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, Target Market Assessment