Post by williambapary437 on Jan 16, 2024 4:47:23 GMT
Many times, when our customers want to order websites, they think about whether it would be worth investing in a website or webshop that is available in several languages. This is of course also true for the static parts of the website (menus, footer text, etc.) and also true for its dynamic elements that can be modified from the admin interface: blog posts, product and service descriptions. After all, this way our website will be fully multilingual. Of course, such a website or webshop may cost a little more, but it is worth considering: is it worth spending a little more money to make it happen? Will it return its “price”? In this regard, I wanted to collect some arguments .
What is customer retention rate? In order to understand the thought process, it is worth clarifying this concept. Customer retention rate is a measure of overall customer satisfaction. It indicates the percentage expressed as the percentage of our customers who still buy from our company, so they will choose our service next time instead of the competition. We wrote about this in an article before , and as a general statement we could say that in certain sectors a 5% increase in the customer retention rate can increase the profitability of the company by up to 25-30% . This shows how important it is today. It is a fact and true: this is exactly the reason why there is a huge struggle between large companies for even 1% of customers.
They employ entire marketing agencies to get such a small share for themselves. Why does this matter here? Consider, for example, the fact that roughly 3-4% of the entire population of Budapest are foreigners . If we remember a little more about the times when Phone Number Data we were in Pest, this number of yours does not seem so unimaginable: when we asked for directions somewhere, in a significant part of the cases, the answer was "Sorry. I do not speak Hungarian". If we look at this figure for the entire country, we can roughly say that the proportion of foreigners staying in our country is 1.6% .
What is customer retention rate? In order to understand the thought process, it is worth clarifying this concept. Customer retention rate is a measure of overall customer satisfaction. It indicates the percentage expressed as the percentage of our customers who still buy from our company, so they will choose our service next time instead of the competition. We wrote about this in an article before , and as a general statement we could say that in certain sectors a 5% increase in the customer retention rate can increase the profitability of the company by up to 25-30% . This shows how important it is today. It is a fact and true: this is exactly the reason why there is a huge struggle between large companies for even 1% of customers.
They employ entire marketing agencies to get such a small share for themselves. Why does this matter here? Consider, for example, the fact that roughly 3-4% of the entire population of Budapest are foreigners . If we remember a little more about the times when Phone Number Data we were in Pest, this number of yours does not seem so unimaginable: when we asked for directions somewhere, in a significant part of the cases, the answer was "Sorry. I do not speak Hungarian". If we look at this figure for the entire country, we can roughly say that the proportion of foreigners staying in our country is 1.6% .