{"id":10280,"date":"2024-01-11T10:00:32","date_gmt":"2024-01-11T02:00:32","guid":{"rendered":"https:\/\/qashier.com\/ph\/?p=10280"},"modified":"2024-01-11T12:49:33","modified_gmt":"2024-01-11T04:49:33","slug":"customer-retention-amid-global-inflation-five-long-term-success-strategies","status":"publish","type":"post","link":"https:\/\/qashier.com\/ph\/blog\/2024\/01\/11\/customer-retention-amid-global-inflation-five-long-term-success-strategies\/","title":{"rendered":"Customer Retention Amid Global Inflation: Five Long-Term Success Strategies"},"content":{"rendered":"
In the face of economic challenges, how would your business prioritize customer retention<\/b>\u00a0amidst\u00a0global inflation<\/b>? What strategies will you implement to ensure loyalty from your existing customer base?<\/p>\n
In 2022,\u00a0Southeast Asia experienced a noteworthy economic rebound, registering a substantial 8.7% recovery<\/a>\u00a0after the pandemic-induced disruptions. Nevertheless, the growth hype simmered as the economy progressed into\u00a0the second quarter of 2023.\u00a0<\/a><\/p>\n Source: McKinsey & Company<\/a><\/p>\n Hold on tight, SME! You don\u2019t need to hit the panic button just yet! In fact, this is the perfect time to re-evaluate your value proposition to enhance customer satisfaction.<\/p>\n Here\u2019s how:<\/p>\n Have you ever noticed that customers are surprisingly open to subtle changes in pricing when they believe they are getting a fair value?<\/p>\n In Singapore, small food operators such as cai fan (economy mixed rice) stores nail it by being transparent about the costs of each dish. Besides, it is common for sellers in hawker centers to display notices<\/a>\u00a0communicating upcoming price adjustments and their effective dates.<\/p>\n <\/p>\n#1 Operate with Trust and Transparency<\/b><\/h2>\n