From Acquisition To Retention Opportunities: Understanding The Transition

Like a purchase decision, a renewal decision usually involves a group of stakeholders and influencers. Organizations must avoid the mistake of treating renewal decision-makers like purchase decision-makers. Understanding the differences between acquisition (or new logo) opportunities and retention opportunities helps organizations detect and respond to retention signals. In this report, we discuss the three sets of customer attributes that customer engagement teams must consider in their efforts to maximize customer retention and loyalty.