Your company has 100 clients
Annual revenue per client = £60,000
You keep a client on average 8 years
Lifetime client value = £480,000
Losing a client after year 1 burns 7 years future revenue
7 x £60,000 = £420,000, plus the cost of finding a new client
You are losing 10 clients per year
10 X £420,000 = £4.2m
Increasing your client retention by just 10% could save you £420,000.
Clientmind helps firms win and keep more profitable clients.