It is estimated that it costs about _____ times more money to attract and sell to a new customer than to an existing customer.

Question

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According to various marketing studies, it is believed that it can cost businesses up to six times more to attract and sell to a new customer than to an existing one. It is therefore crucial for businesses to prioritize their customer retention strategies and cultivate long-term relationships with their existing customers.

It Is Estimated That It Costs About _____ Times More