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When to say Goodbye to Customers

  • Mark Hawtin
  • Dec 19, 2024
  • 1 min read

We all love gaining new customers, watching that top line revenue soar. But have you ever stopped to consider the true cost of keeping certain clients on board? 💰


Customer support costs rarely scale linearly with revenue or size. Shockingly, those smaller accounts often demand more hand-holding, preventing you from focusing on strategic, high-value relationships.


That's where customer profitability analysis comes in. This eye-opening exercise highlights which customers genuinely deserve your time and attention...and which are just bleeding you dry. 💸


The harsh truth? You may need to make some tough choices:


1.    Cut ties with profitability vampires

2.    Increase rates for those high-maintenance clients


But don't worry, there's an upside too. This analysis will expose areas to enhance your products, support, and training - a sure-fire way to boost customer satisfaction AND profits.

 
 
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