Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: bgill

The original Wall Street Journal article this was probably plagiarized from.

https://www.wsj.com/articles/on-hold-for-45-minutes-it-might-be-your-secret-customer-score-1541084656

In short, some customers are valuable (generate a lot of orders) others are of negative value (do a lot of returns relative to orders, spend a lot of time complaining to “customer service”). Customers who are of negative value do not get much effort expended to keep them happy — the company WANTS them to shop elsewhere and be some other merchant’s negative-value pain-in-the-butt.


9 posted on 11/09/2019 12:13:28 PM PST by PapaBear3625 ("Those who can make you believe absurdities, can make you commit atrocities." -- Voltaire)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: PapaBear3625

The Pareto principle (also known as the 80/20 rule in action):

The smart side, 20% of your customers create 80% of your business.

On the flip side, 80% of your problems are caused by 20% of your customers.


14 posted on 11/09/2019 12:30:12 PM PST by Grampa Dave (If we have a civil war, the winners will be our enemies: Iran, China, Mexico, & Deep State)
[ Post Reply | Private Reply | To 9 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson