account-growth

Vocabulary Word

Definition

Imagine your social media profile. When you get more followers, isn't that 'account growth'? It's the same in business. It means increasing something valuable in an account, like customers or sales.

Examples in Different Contexts

In investment management, 'account growth' is the goal of increasing the value of an investment portfolio. An investment advisor might say, 'Our strategic planning focuses on long-term account growth for our clients.'

Practice Scenarios

Impact

Scenario:

Our aim is not just to increase the number of donations but also to build lasting relationships with our donors. What strategies can help us achieve that?

Response:

Encouraging recurring donations and conducting donor appreciation events could drive significant account growth.

Marketing

Scenario:

Although we're achieving good follower count, the engagement rate is not improving. How can we make our content more engaging and relevant?

Response:

We should emphasize more interactive content, which could significantly boost our account growth.