Do you believe marketing efforts should be to maintain a relationship with current customers or new...

Do you believe marketing efforts should be to maintain a relationship with current customers or new customers? Why?

Expert Solution

Answer:

Yes, marketing efforts are help to maintain a relationship with current customers or new customers

Building the network, means your business colleagues, professional acquaintances, prospective and existing customers, partners, suppliers, contractors and association members. Contacts are potential customers waiting for you to connect with their needs. How do you turn networks of contacts into customers?

New contacts know you've added them to your newsletter list and then send them the latest copy. Immediately reinforce who you are, what you do and the connection you've made.

E-mail marketing keeps relationships. Build your reputation as an expert by giving away some free insight. E-mail marketing is a cost-effective and easy way to stay on customers' minds, build their confidence in your expertise, and retain them.

Reward loyal customers. On an average, repeat customers spend 67 percent more than new customers. So your most profitable customers are repeat customers

Use of social media marketing to connect with existing & potential customer

keosha answered 1 year ago

Explain the relationship between Marketing efforts and actual Revenue dollars? How does Marketing efforts drive Revenue?

MARKETING DEBATE—Whom Should You Target With New Products? Some new products experts maintain that getting close...

MARKETING DEBATE—Whom Should You Target With New Products? Some new products experts maintain that getting close to customers through intensive research is the only way to develop successful new products. Other experts disagree and maintain that customers can’t possibly provide useful feedback on what they don’t know and can’t provide insights that will lead to breakthrough products. To address this debate, identify and explain a few advantages and disadvantages to each of the two positions. Identify and discuss variables that...

Do you believe that the markets could be developed to receive a new gadget or should...

Do you believe that the markets could be developed to receive a new gadget or should the new gadget be developed to meet markets needs? How do you know what are the needs if the gadget is not in the hand of the consumer yet?

What do you believe is the current immediate threat in malware? and What do you believe...

What do you believe is the current immediate threat in malware? and What do you believe will be the most threatening malware or attack-vector in the next few years?

Decision Do you believe that Nike should use marketing dollars to advance social issues? Given the...

Decision Do you believe that Nike should use marketing dollars to advance social issues? Given the negative backlash to the Kaepernick advertisement, what should Nike do now? Has Nike Gone too Far The Colin Kaepernick Advertisement During the opening weekend of the 2018 National Football League (NFL) season, Nike introduced an ad campaign featuring former NFL quarterback Colin Kaepernick. This ad appeared two years after Kaepernick knelt as the US national anthem was played before his team’s games. In Nike’s...

The chapter describes many companies’ individual marketing efforts that customize products for individual customers, such as...

The chapter describes many companies’ individual marketing efforts that customize products for individual customers, such as M&Ms, PUMA, and Harley-Davidson. Find and describe another example and discuss whether the cost of customizing is worth the value provided to consumers.

Do you believe there should be limits on rights and freedoms or should rights and freedoms...

Do you believe there should be limits on rights and freedoms or should rights and freedoms be inalienable and guaranteed ?

Do you believe that health insurance should be tethered to employment?

Do you believe that the Federal Reserve should be controlled by Congress?

Do you believe there should be a limit or cap on the amount of damages awarded...

Do you believe there should be a limit or cap on the amount of damages awarded to a plaintiff in a tort case? Why or why not? Be specific. Submission Our discussions are a valuable opportunity to have thoughtful conversations regarding a specific topic. You are required to provide a comprehensive initial post with 3–4 well-developed paragraphs that include a topic sentence and at least 3–5 supporting sentences with additional details, explanations, and examples. In addition, you are required to...

Question