In: Finance
(I) Existing Customer-
Existing Customers are those customers that have already purchased the products and services from your organization. For long term growth and sustain of the business , the organization should try its best to Retain its existing customer. Custimer retention is more important than the customer acquisition.
The orgaization should follow the following srategies and methods for long term retention of the Existing customer.
(II)Over Served Customer-
Over served customer are those customers who have been over satisfied with the product. They use the product , but do not use all the functions and attributes of the product. For example your organization sells AC with inbuilt radio function. But your custoomers are use only AC. Here we can say that your customer is over satisfed with the radio function.
Orgaization should understand that Over of anythig is not good. Customer should be provided with the product with such functions and attributes that maximize his/her satisfaction.
(IV)Non Customers
-Non customers ar those persons who do not buy products from your Organization.
-Here the organization should follow the following customer acquision strategy for long term grow and sustain-