WHAT IS LIFECYCLE MARKETING?
In the face of many business challenges, it has become increasingly clear that simply reaching new audiences is not enough. In fact, existing customers generate up to 65% of revenue because it is more efficient to retain them while reaching new audiences, which can be 5-25 times more expensive. This oversight is where lifecycle marketing stands out as a promising practice, providing tools both for acquiring and retaining a loyal audience. In this article, we will explore several critical queries: How does understanding the stages of lifecycle marketing transform a business’s approach to its audience? What are the tangible benefits of lifecycle marketing? How to implement lifecycle marketing strategies to foster lasting customer relationships, regardless of a company’s size? IM4U, the digital marketing agency , will arm you with all the needed information about what lifecycle marketing is, provide lifecycle mark...