Data Is Your Friend In Uncertain Times

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When everything around us changes overnight, we’re left wondering how to navigate new realities. In the moment, we sometimes forget that we can lean on old business principles, like old friends. One of the basic principles of business remains true: “It’s a lot harder to get a new customer than it is to keep an existing one.” And it is expensive too, especially in uncertain times. Customer acquisition versus customer retention is at least five times the cost, which....