As is know to all, it is very important for a company to maintain customer interest in their products. i think a company should try every possible way to retain its current customers.
First, it should always make sure that it provides its customers with quality goods and after-sales service. second, it should lay enough emphasis on the feedback from its current customers and take prompt action to take care of their needs and demands. third, if possible it may provide some incentives to its old customers. for example, it can grant a certain discount to them if their purchases reach a certain amount. apart from all these, a company should design strategies to attract new customers and create transactions with them, to expand their customer base, so to speak. these strategies include product diversification and upgrading.
All in all, a company should try its utmost to keep its current customers satisfied with its products and services, and at the same time it should stay ahead of the market through product and pricing strategies.
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