Why?
Because people do business with people. Your business is only as strong as your relationships with your audience, customers, employees, suppliers, distributors, influencers and others.
Don’t forget:
Keeping your existing audience and customers is significantly less expensive than acquiring new ones. (BTW, the same goes for employees!)
Since your acquisition cost to find and convert prospects is higher than promoting to people for whom you already have a relationship. Additionally, you can use less expensive creative and communications.
Further, while you may think that getting your prospect to purchase from you is your key milestone, your customer may only be trying your product or company out to see how well you perform post-purchase.
As a result McKinsey’s loyalty loop doesn’t kick in until the second purchase. Like dating, you have to get past the first date no matter how
you met!