2008Commercial ResearchRequires access

Relationship Marketing and Customer Acquisition Strategy for Commercial Banks

Jintao Wu

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Abstract

Customer acquisition is as important as customer retention for keeping relationship with customer in bank.This paper analyses bank′s strategy to acquire new customer in relationship marketing,emphasizing that customer acquisition links with and customer retention.It is critical for bank to identifying the scope of customer,choose customer acquisition strategy,manage customer relationship.

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What this paper is about

Customer acquisition is as important as customer retention for keeping relationship with customer in bank.This paper analyses bank′s strategy to acquire new customer in relationship marketing,emphasizing that customer acquisition links with and customer retention.It is critical for bank to identifying the scope of customer,choose customer acquisition strategy,manage customer relationship.

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Available abstract

Customer acquisition is as important as customer retention for keeping relationship with customer in bank.This paper analyses bank′s strategy to acquire new customer in relationship marketing,emphasizing that customer acquisition links with and customer retention.It is critical for bank to identifying the scope of customer,choose customer acquisition strategy,manage customer relationship.

Key concepts: Customer retention, Customer advocacy, Business, Customer intelligence, Customer equity, Customer to customer, Marketing, Customer profitability

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