Back
Vikas Acharya
•
Medial • 6m
Hey harshita welcome to Medial , I understand your concern of retaining your customer, as you said most of the customers of your business are on credit based purchases. however credit base is initially good but over the period of time customer purchase goods on credit from you and won't come to shop because they will go to another shop if they unable to pay the credit. you can limit the credit and give discounts , offers , buy one get one strategy to attract customers. initially it won't get boom but over the period of the time you can build realy good customer base and trust will be built among your customers.
Replies (1)
More like this
Recommendations from Medial
Arin Agrawal
He who remains • 1y
How many of you know about (Churn Rate) Churn rate, or customer attrition, measures the percentage of customers who stop using your product or service over a period. It's crucial for businesses, especially those with subscription models, as it direc
See More
ADARSH PATNAIK
|| ICFAI Business Sc... • 3m
Hello people, I'm thinking to launch a financial product where the Pan shops, super markets, Kirana shops, cloth retailers... etc can give credit for the products they sold to the known and to the trust customers without any hesitation. Through Imp
See More
Prajyot
Trying to figure out • 8m
During conversations with shopkeepers, it has been observed that 20-30% of profits are turning into bad debts. To address this issue, we are considering developing an application that would allow shopkeepers to register themselves, as well as custome
See More
Download the medial app to read full posts, comements and news.