ISSN : 2663-2187

EFFECTIVE STRATEGY TO INCREASE THE CUSTOMER RETENTION IN THE HYPER LOCAL MARKETS FOR FOOD FRANCHISES

Main Article Content

J Roshan Devaraja, Thenmozhi.J
ยป doi: 10.33472/AFJBS.6.13.2024.4320-4329

Abstract

This research project aims to explore effective strategies for increasing customer retention in hyper-local markets for food franchises. In an increasingly competitive landscape, retaining customers is paramount for sustained business success. Through a combination of qualitative and quantitative methods, this study will investigate key factors influencing customer retention, including the effectiveness of loyalty programs, the impact of product innovations, and the sensitivity of customers to pricing strategies. By analyzing customer preferences, behaviors, and perceptions, this research seeks to uncover actionable insights that food franchises can leverage to enhance customer retention strategies tailored to hyper-local markets. The findings of this study will provide valuable guidance for food franchise owners, managers, and marketers seeking to strengthen customer loyalty, drive repeat business, and foster sustainable growth in hyper-local market environments.

Article Details