This document discusses how to identify and target lost customers to generate additional revenue. It recommends creating customer lists based on attributes like purchase history and loyalty program participation. Specifically, it describes how the author created a list of customers who had purchased in the past 12 months but had not made a purchase recently ("lost customers") and targeted them with personalized communications. This helped increase sales over the Christmas period. In addition, statistics show most businesses lose 10-25% of customers annually, so identifying lost customers represents a significant opportunity to regain lost revenue.
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