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Customer Retention Strategies: 16 Methods for Retaining Customers

JivoChat

People have a lot of options these days, so if you don’t have good customer retention strategies , your business won’t be as stable or profitable. It costs five times as much to win a new customer as it does to retain an existing one. In this post, we’ll reveal why you should start focusing on customer retention and when.

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5 Customer-Centric Marketing Strategies for SaaS Companies That Deliver ROI

Totango

Customer-centric’ no longer just refers to a marketing strategy—it’s a whole economy. Customer expectations and demands on enterprises have never been so high, or so personal—especially for SaaS companies who are at the forefront of both the modern wave of technology and the new customer-centricity business model.

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Customer Satisfaction Quotes: Fuel Your Motivation with These 51

Nicereply

Quick Stats and Figures Loyalty and Trust: A study by Bain & Company showed that a 5% increase in customer retention can lead to a 25% to 95% increase in profits. Satisfied customers stay loyal, and trust translates into a solid bottom line. Happy customers are the best brand ambassadors, driving organic growth.

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The Age of Online Communities: How to Create Branded Communities and Why You Should Bother

CSM Magazine

Gone are the days of static one-sided advertising that speaks at the customer. Today’s customers want to be spoken with and expect the brands they engage with to facilitate this conversation and engage them effectively. But not only has the face of the customer evolved over time, so too has the shape of the business world.

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What is Customer Acquisition Cost? A detailed guide

CustomerSuccessBox

Customer Acquisition Cost (CAC) can be calculated by dividing all the Marketing and Sales costs required to acquire a new customer within a specific time. An average SaaS business spends 92% of their first-year revenue on customer acquisition. In other words, it takes 11 months to pay back their customer acquisition cost.

SaaS 52
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Top 10 B2B Customer Retention Strategies?

SmartKarrot

Businesses are always focussing on lead generation and targeted advertising for customer acquisition. However, customer acquisition is something that demands focus! Customer retention is a particularly important concept where businesses use different strategies to retain their existing customers.

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Why is customer journey analytics imperative for your business? How to analyze customer journey metrics?

CustomerSuccessBox

Enables a comprehensive view of every customer interaction across separate channels that give insights into a customer’s movement, and time spent at a touchpoint and helps detect pain points from a customer’s point of view. Why is it important to have Customer Journey Analytics? Awareness & Acquisition.

Metrics 52