Most customers are a cheap apology — a $4.99 coffee versus $400 lost
Jasmine points out how little it would have taken to keep her as a gym customer: a complimentary coffee or smoothie from the gym cafe. She calls herself a cheap apology. The gym instead forfeited hundreds of dollars of potential revenue by offering nothing.
- A small personalised gesture can retain a customer
- The cost of the gesture is trivial next to lifetime value
- Offering nothing is the most expensive option
- Applies to any service business with recurring revenue
“If the manager had offered a complimentary coffee or a smoothie at the gym cafe? Listen, I'm a cheap apology.”