Most businesses focus heavily on winning new customers. Yet the real opportunity for growth often sits with the customers you already have.
In this episode, we break down why client retention is one of the most powerful drivers of profitability, loyalty and long-term success. While acquisition plays a role, retention is what builds a stable and scalable business.
The numbers are clear. It can cost up to five times more to acquire a new customer than to retain an existing one. Existing customers also tend to spend more and are far more likely to buy again. Despite this, many leaders continue to prioritise the wrong areas.
I’m joined by Yemi Oluseun, business leader, LinkedIn strategist and client retention expert, currently Integration and Transformation Programme Director at The Change Hive. With experience across organisations like Barclays and J.P. Morgan, Yemi shares practical insight into how businesses can strengthen relationships and unlock more value from their existing client base.
We explore why so many businesses suffer from a “leaky pipeline”, the biggest challenges when it comes to retaining customers, and how improving the customer journey can transform performance.
You’ll also hear why focusing purely on funnels can limit growth, and how a customer-first approach creates stronger, longer-lasting results.
If you’re a founder, business owner or leader looking to grow more sustainably, this episode will help you rethink where your biggest opportunities really are.
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#CustomerRetention #ClientRetention #CustomerService #CustomerManagement #Leader #Leadership #BusinessGrowth #Entrepreneurs #BusinessStrategy #GrowYourBusiness #BusinessAdvice #Business #Leaders #CEO
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To find out more about Yemi and The Change Hive, you can follow her on LinkedIn here: https://www.linkedin.com/in/yemioluseun/
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Want to learn how to produce a winning business strategy and profitably grow your business? I teach, coach and mentor Directors, Leaders and Managers on how to run successful companies.
To learn more, please visit my website at https://www.strategusconsulting.co.uk/.
Follow me on LinkedIn: http://linkedin.com/in/mike-harris-095b4775.