Winning a new customer costs five to seven times more than keeping an existing one. Everyone knows that. And yet most companies invest the lion's share of their events budget in acquisition: trade fairs, networking meetings, product launches for prospective customers.
The existing customer, who already pays and trusts you, gets an annual New Year's drinks reception and a Christmas hamper. If they're lucky.
That's a missed opportunity. Customer retention through events is one of the most powerful retention tools you have. It creates personal connection that no email, newsletter or loyalty programme can match. It gives customers the feeling that they matter — not as a number but as a person.
Below you'll see how to use events strategically to keep existing customers and activate them as ambassadors.
