6) Losing Customers to Cheaper alternatives
When your customers leave your products for cheaper alternatives, it shows something is wrong in your marketing strategy. You are not conveying the value of your product. When the don’t see why they should pay the extra for your product, they move to cheaper alternatives.
It is time to take a look at your marketing strategy and help your client see why they should buy your product.
7) No New Clients
No new clients What of if you are not gaining new customers? You might be retaining your old clients, but not gaining new clients. It is not a good indication any way, but it is an indication for a change in strategy.
You might need to engage research on your target audience, the appropriate demographics you should target, rediscover where they are located. Are they on Facebook, Instagram, Twitter or where?