How Can Startups Protect Themselves from Customer Poaching?
Startups can implement several strategies to protect themselves from customer poaching. These include:
Building strong customer relationships: Offering exceptional customer service and creating loyalty programs can make customers less likely to switch to competitors. Innovating continuously: Staying ahead in terms of product or service innovation can make it harder for competitors to lure customers away. Monitoring competition: Keeping an eye on competitor activities can help in anticipating and countering poaching attempts.