CSM Magazine

MAY 26, 2022

Understanding customer health is critical to the long-term success of any company. It helps predict the future state of your relationship with the customer, reveals areas where your product could be improved, and shines a light on support and success processes that may be contributing to poor customer health. Source: [link].

Engineering 52

Engineering SaaS Upselling Metrics 52

Kristina Evey

AUGUST 27, 2019

Losing customers and customer churn are a huge concern for businesses everywhere, yet many leaders don’t know what to do … Read More Episode 63 – Preventing Customer Churn and Winning Back Lost Customers.

Customer retention 48

Customer retention Customer Service 48

ClientSuccess

MAY 4, 2020

Regardless of your industry, there are changes occurring in the world that will have a lasting impact on the way SaaS teams and their customers do business. For customer success teams, challenging times can manifest themselves through different customer conversations (or lack thereof). 2) Be ready to pivot if necessary.

SaaS 69

SaaS Accountability Technology Personalization 69

ShepHyken

AUGUST 24, 2021

Managing Customer Success. Preventing Customer Churn. Shep Hyken interviews Philipp Wolf, CEO of Custify , a company that helps SaaS businesses deliver great results for customers. They discuss how to utilize customer information and behavior to help ensure customer success. It is a philosophy.

SaaS 342

SaaS Upselling Customer retention Feedback 342

Beyond Philosophy

JULY 13, 2023

From a strategic standpoint, organizations are losing opportunities to improve their ability to enhance their Customer Experiences with this impressive and impactful technology and, well,…building them wrong. For example, a large telecom company designed an AI system to identify customer churn.

Customer emotions 359

Customer emotions Education Customer Experience Analytics 359

Totango

FEBRUARY 9, 2024

The defense maintains a good field position and prevents the opposing team from scoring points, while the offense orchestrates smart plays to gain additional yards and score points. Similarly, to be successful, an enterprise needs to be able to prevent churn and increase revenue growth.

Upselling 108

Upselling Metrics Enterprise Best practices 108

Beyond Philosophy

JULY 8, 2023

They fail to capitalize on the potential to enhance Customer Experiences through this powerful technology by building it incorrectly. Take, for instance, a telecom company that developed an AI system to detect customer churn. By changing their strategic approach, they could gain a significant competitive advantage.

Technology 195

Technology Customer Experience 195

CCNG

MAY 4, 2022

It involves helping customer after customer with little to no recognition for taking on a difficult issue and finding a solution. It's the pressure of working with demanding customers every day in a highly structured environment which makes agent burnout a real thing. And, according to Forbes via the U.S.

Agent burnout 195

Agent burnout Contact Center Call Center Personalization 195

C3Centricity

JANUARY 30, 2024

Difficult customers! Every business has them, and no one likes to get customer feedback that is challenging to handle. So what’s the secret to turning difficult customers into loyal advocates? You may never have considered this, but customer complaints are actually a gift! Customers expect you to put things right.

Feedback 90

Feedback Best practices Customer retention Analytics 90

LiveVox

NOVEMBER 13, 2023

Learn practical applications, from predicting customer intent and behavior to preventing churn. Explore how AI elevates contact center capabilities in our blog. The post Exploring Opportunities for Practical AI Applications in Contact Centers appeared first on LiveVox.

Contact Center 94

Contact Center 94

ShepHyken

JANUARY 11, 2019

This week we feature an article by Agi Marx who shares 3 ways to close the customer feedback loop to prevent churn and increase revenue. – Shep Hyken. What is the customer feedback loop? Customer feedback loop is the practice of responding to customers meaningfully when they leave feedback.

Feedback 232

Feedback Surveys Technical Support Personalization 232

TechSee

AUGUST 17, 2022

Growth and customer loyalty have historically been product-led. Customers who were happy with a company’s product were loyal for years, unwilling to try alternatives. Today, there is a shift in the role customer service quality plays on customer loyalty. Reduce Churn – Sensitivity to poor experience .

Customer effort 109

Customer effort Wait times Self service Technology 109

ProProfs Blog

DECEMBER 21, 2020

If it’s to avoid seeing customers leave your business, then you aren’t alone in this. A lot of business owners want to reduce customer churn and retain as many as possible. Needless to say, customer retention is the core value for the growth of any business. Reasons why customer churn rate increases.

Surveys 148

Surveys Benchmark Feedback Sales 148

JivoChat

JUNE 20, 2023

Learning how to reduce customer churn is a challenge companies of all sizes and sectors must face. It’s fundamental to understand why customers stop buying from your brand or requiring its services. Usually, customer churn is a sign of unhappy customers. What Is Customer Churn?

Education 75

Education Customer retention Customer Support SaaS 75

ChurnZero

JUNE 14, 2022

Once the initial frustration wears off, your mind begins to play back all your interactions with the customer. Are you surprised they churned? If you don’t have a process to identify at-risk customers before they send the dreaded cancellation email, then this is the place to start. Go to school on why customers left in the past.

Accountability 98

Accountability B2B Sales Marketing 98

JustCall

OCTOBER 4, 2023

Introduction If you’re running a business, you’ve probably felt the sting of customers leaving, right? When customers bid goodbye, it can throw a wrench in our growth and earnings. One powerful solution that businesses can fall back on for customer churn prevention is conversation intelligence.

Customer retention 52

Customer retention Feedback Upselling Sales 52

TeamSupport

NOVEMBER 18, 2022

Support demand is rapidly and continuously increasing and few businesses are prepared to address the rising needs of their customers. Chances are that your support team is already getting hammered by the sheer volume of customer issues, not to mention the potential for complexity. Support demand is rising.

Upselling 98

Upselling Customer Support B2B Customer Experience 98

Totango

JULY 15, 2022

Detecting and protecting at-risk customers is important even in the best of times, but it is especially critical during times of economic instability when your current customer base is your greatest (and perhaps only) source of dependable revenue growth. . Leveraging the Detect Risk SuccessBLOC and Avoid Customer Churn .

Accountability 84

Accountability Enterprise Metrics Marketing 84

ProProfs Blog

JUNE 5, 2020

I bet you’ll agree with me on this one: Customers stop doing business with you when they are unhappy. In fact, 68% of customers leave because they believe you don’t care about them. More than that, only 1 in 26 unhappy customers will complain about what they don’t like about your service; the rest will churn.

Customer Service 136

Customer Service Chatbots Customer retention Feedback 136

ChurnZero

SEPTEMBER 8, 2022

This is a guest post by Sara Barnes , vice president of Customer Success at Skilljar. Every Customer Success team focuses on keeping customers engaged and ultimately, preventing churn. In fact, customer education helps scale Customer Success , as the company scales business. .

Education 98

Education Benchmark Customer retention Metrics 98

ClearAction

MARCH 22, 2024

CX is a Team Sport: 2 Surprising Views Lynn Hunsaker CX is a Team Sport was the CX Day 1 theme in 2021, celebrating the 10th anniversary of the Customer Experience Professionals Association. Camaraderie within the Customer Service (or Success) department is another way CX is a Team Sport. ” Why? ” (silos!)

Chief Customer Officer 62

Chief Customer Officer Customer centricity Airlines Metrics 62

Totango

MAY 21, 2019

In the customer-centric economy, retaining current customers is a top priority. Not only are new customers expensive to win over, but loyal customers are more valuable in the long run. Plus, retaining a following of customers gives you a good brand image, as it shows that your company is capable of inspiring loyalty.

Customer centricity 85

Customer centricity Education Upselling Advertising 85

TechSee

JANUARY 7, 2020

With the telecommunications industry at saturation point, and with services largely commoditized, providers suffer from exceptionally high rates of churn. Accenture reports that 77% of consumers are no longer loyal to any particular brand, telcos must work harder than ever to retain their customer bases. Churn in the telecom industry.

Customer retention 136

Customer retention Interactive Voice Response Telecommunications Wireless 136

Helpware

JANUARY 26, 2023

As customer expectations soar through the roof and customer needs become more complex, companies struggle to service each person properly. The challenge is not only on the front end of onboarding new customers but also on reaching out to every existing customer and proactively solving their problems to prevent churn.

Personalization 80

Personalization 80

delighted

AUGUST 10, 2022

Every business wants loyal and satisfied customers. Every business loses once-loyal and no-longer-satisfied customers for one reason or another. Customer churn is an inevitable part of running a company – but by measuring it, understanding it, and taking action to improve it, you can turn lost customers into opportunities.

Journey mapping 87

Journey mapping Feedback Surveys Customer retention 87

Quiq

JULY 7, 2022

Share This Story Customer churn rate is a scary metric. Repeat customers are important to any business—which is why understanding churn is critical. Repeat customers are important to any business—which is why understanding churn is critical. What is customer churn? 10 ÷ 100 x 100 = 10%.

Surveys 75

Surveys Customer retention industry standards Benchmark 75

TeamSupport

AUGUST 25, 2022

Could Majorian have used a 360-degree view of his Roman subjects (read: customers)? Could the collapse of the Roman Empire ( the Western one ) have been prevented if the imperial bureaucracy was able to track their health and success via digital analytics? What’s a holistic customer relationship? What is a 360-degree view?

Upselling 98

Upselling Metrics Benchmark Analytics 98

Nicereply

DECEMBER 1, 2022

The churn rate is a critical metric for any business. We discuss all you need to know about the churn rate in this article. Customer acquisition is like filling a bucket with water. Customers enter, purchase once, and leave for good. That leakage, of course, is churn. What is churn? 2) Early warning sign.

Feedback 52

Feedback Metrics Surveys Benchmark 52

Totango

NOVEMBER 16, 2023

Every customer interaction matters in today’s digital age. These touchpoints serve as critical indicators of overall customer health, enabling leaders to proactively detect risk, prevent churn, and identify opportunities for expansion and revenue growth. billion active users worldwide.

Accountability 107

Accountability Enterprise Marketing Management 107

Totango

OCTOBER 6, 2020

Customer success vs. customer support: although these two terms appear similar, they actually refer to two different, yet complementary, functions within a company. Fulfilling a proactive role, customer success focuses on problem prevention and creates value by enabling clients to achieve business goals.

Customer Support 105

Customer Support Customer advocacy Construction Enterprise 105

The Northridge Group

MARCH 21, 2022

It’s every Contact Center manager’s worst nightmare, the customer who repeatedly calls back because their issue has not been resolved to their satisfaction. When this problematic scenario begins playing out with an increasing number of customers, quick action is needed to prevent a crisis. According to a recent study, 52% of U.

Wireless 110

Wireless Analytics Average Handle Time Contact Center 110

TeamSupport

FEBRUARY 22, 2024

One area that often gets overlooked is customer support. Yet, it's a critical touchpoint that can make or break your relationship with customers. In this hyper-competitive landscape, merely responding to customer queries isn't enough. Lower churn rates and higher customer satisfaction scores. The result?

Customer centricity 40

Customer centricity Self service Customer Support Chatbots 40

ChurnZero

OCTOBER 5, 2022

This is a guest blog contributed by Emily Ryan, chief client officer at Valuize , a B2B consulting company that helps industry-leading technology organizations supercharge their customer lifecycle to drive best-in-class net dollar retention. Define what customer health looks like for your business. Length of the relationship.

Metrics 94

Metrics B2B Education Accountability 94

Satrix Solutions

MAY 7, 2020

When software companies are seeking efficient ways to manage customer churn, some choose to monitor the health of their book of business by reviewing a few efficiency and productivity based metrics. Tracking metrics to reduce churn goes beyond monitoring unique logins. Customer Churn Warning Signs.

Metrics 78

Metrics Upselling Surveys Engineering 78

Hello Customer

DECEMBER 18, 2020

Understanding why customers churn. Bad experiences lead to churn. Still, if you want to improve sales, you need to understand why customers churn in the first place. Gartner predicted it some time ago, but customer experience is an important competitive advantage. What makes customers unhappy?

Sales 98

Sales Coaching Feedback Benchmark 98

Totango

JUNE 15, 2022

You always want to provide a positive, nurturing experience for your customers through every step of their journey. When this happens, it’s critical to figure out a resolution that not only addresses the overall problem, but deepens your customer relationship in the long term. Escalation vs. Risk: What’s the Difference?

Metrics 81

Metrics Chatbots Accountability Enterprise 81