Remove win-back-lost-customers
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Key Strategies For Winning Back Lost Customers in 2022

Nicereply

Trying to win back every single customer who churned might have a negative impact on your profitability. Customer churn is an unpleasant reality of any business, both B2C and B2B. Customers may be leaving for a variety of reasons – price issues, unresolved complaints, poor service, competitors offering greater value, etc.

Surveys 104
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When Sales and Customer Service Collide

ShepHyken

Lately, I’ve been thinking about how sales and customer service combine to create an experience – hopefully a positive one. She created an experience for her customer. This is where sales and customer service collide. Brian Knight , a professional speaker on team performance, posted the story on his blog. I’ve never lost.”

Sales 307
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Guest Blog: 3 Key Principles for Customer Satisfaction

ShepHyken

This week we feature an article by Nathalie Herrman who writes about three key principles that are at the root of all great customer service. She also reminds us that the customer experience begins with the employee experience. – Shep Hyken. Acknowledge what’s being said or implied and mirror their concerns and needs back to them.

Scripts 230
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The Myth of the Silver Bullet: Unraveling Quick Fixes in Business

Beyond Philosophy

Listen to the podcast: “Colin, could you tell me the one thing that we need to do to improve our Customer Experience ?” There is no silver bullet solution for improving Customer Experience. Similarly, it isn’t very reasonable to think there is a solution for your customer that can also fix your experience without the effort.

CRM 195
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Gross Retention vs. Net Retention: What’s the Difference?

Totango

For example, let’s say your MRR at the start of the month was $100,000, your MRR from renewals at the end of the month was $95,000, you lost $2,500 from churn, and you lost another $2,500 from downgrades. However, it does not factor in any additional revenue from customers who increased their average spend.

Upselling 108
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New Year’s Resolutions: Why Some People Win, But Most People Lose

Beyond Philosophy

However, I lost 90 pounds last year using this diet called LighterLife®. We lost weight because my wife had a back problem that needed surgery. These two systems, System One and System Two, were first introduced by Nobel-prize-winning economist Professor Daniel Kahneman and featured in his book, Thinking Fast and Slow.

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The Art of Customer Crisis Handling: 5 Rules to Stay Cool and Win

Beyond Philosophy

So, it’s not a matter of if but when regarding a customer crisis. Too many organizations do not plan for a customer crisis, and I want to change that. To that end, I have five rules to handle a customer crisis. Many of the principles we use to manage a customer complaint apply in this planning and building of a crisis process.