Marketing experts estimate it costs ________ times more to attract a new customer than it does to retain a current customer.

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According to various marketing studies, it is estimated that acquiring a new customer can cost up to 6 times more than retaining an existing one. This is because attracting a new customer involves significant marketing and advertising costs, while retaining an existing customer can often involve loyalty rewards programs, personalized customer service, and targeted promotions. Therefore, it is crucial for businesses to focus on both acquisition and retention strategies in order to maintain a healthy customer base and maximize profits.

Marketing Experts Estimate It Costs ________ Times More to Attract