GLossary
Customer Retention
Customer retention refers to the strategies and practices used by a business to keep its customers over time. It focuses on maintaining customer loyalty and satisfaction, minimizing churn, and encouraging repeat purchases or long-term relationships.
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Customer retention refers to the ability of a business to keep its customers over time. Retaining customers is often more cost-effective than acquiring new ones, and it relies on providing ongoing value, support, and engagement. High retention rates are typically associated with greater customer satisfaction and loyalty.
Instruqt supports customer retention through interactive labs that deepen customer engagement and continuously educate users on new features and best practices. By allowing customers to continually learn and experiment, Instruqt helps ensure they stay engaged and derive ongoing value from the product