CustomerSuccessBox

DECEMBER 4, 2018

According to studies , the LTV value should be at least 3 times the CAC in order for your company to grow and be sustainable. That means the customer needs to renew their contract more than once. Without a high customer retention rate, a SaaS company will shut down, no matter how great the other metrics are.

Best practices 40

Best practices Customer retention SaaS Metrics 40

Education Services Group

NOVEMBER 25, 2019

As the gospel of Customer Success is spreading like wildfire in the corporate world, executives are realizing that they need to act fast to incorporate it into their organizational structure. But to their own detriment , some of these executives aren’t fully committing to the importance of Customer Success.

Accountability 59

Accountability Management Upselling Sales 59

PeopleMetrics

NOVEMBER 17, 2015

As recent high-profile data breaches like those of super brands Target and Neiman Marcus have shown, data security has become an important variable in the formula for customer retention. Your ability to leverage data security will play a vital role in customer retention online and offline. Make it Easy.

Customer retention 79

Customer retention Sales Accountability Marketing 79

CSM Magazine

JANUARY 30, 2024

Case Studies: Companies That Prioritize Customer Service Pioneers of Customer-Centric Excellence Let’s dive into real-world case studies to illuminate the exceptional commitment of companies that have elevated customer service to an art form.

Customer centricity 111

Customer centricity Benchmark Personalization Feedback 111

ChurnZero

JANUARY 26, 2022

Improving Customer Retention and Account Management with the ChurnZero and HubSpot Integration. With a dashboard that shows customer health and the opportunity to automate alerts, teams can improve customer retention rates exponentially. Complete 360° Customer Visibility. Production adoption.

Customer retention 97

Customer retention Chief Customer Officer Accountability SaaS 97

SmartKarrot

MAY 15, 2023

Key Account Management (KAM) is the art of strategically managing and nurturing these vital accounts, unlocking their full potential and driving long-term growth. In this blog, we present the top seven books for Key Account Management, carefully curated to provide you with a treasure trove of insights, strategies, and practical advice.

Accountability 10

Accountability Management Best practices Customer retention 10

Totango

AUGUST 21, 2020

Customer success focuses on the customer journey as a whole and puts CX into the context of the customer’s overall needs and business goals. Account Management Vs. Customer Success. Why Invest in Customer Success? Increase customer-centered growth through expansions. Case Study: Monster.

Enterprise 78

Enterprise Customer centricity Accountability Customer advocacy 78

ChurnZero

JANUARY 26, 2022

82% of marketers say that “active customer retention” is one of the most important objectives for their CRM team , leading many Marketing and Customer Success team members to seek out new ways to understand customer pain points and improve the customer experience.

Customer retention 52

Customer retention Chief Customer Officer Accountability SaaS 52

ChurnZero

MARCH 31, 2023

The purpose of a Customer Success team is to help a company’s customers get the most value out of its product. The hypothesis is, if a customer maximizes the obtainable value, they will remain loyal and spend more with the company. This isn’t merely a theory.

Benchmark 98

Benchmark B2B Accountability Consulting 98

Lumoa

AUGUST 25, 2020

However, should your marketing budget be more focused on customer acquisition or retention is a tough question and one that will eventually define your growth. Talking about customer retention, you possibly already know the merits of investing time and money in keeping your existing customers satisfied and hooked.

Chatbots 83

Chatbots Customer retention Advertising Marketing 83

CSM Magazine

JUNE 22, 2023

Integrating high-quality data into their customer service strategies will help companies achieve their goals, including increased customer retention rates, improved brand reputation, and higher profitability. This proactive approach can further enhance business reputation and foster strong customer relationships.

Customer Service 52

Customer Service CRM Accountability Customer retention 52

Totango

AUGUST 11, 2022

Monitoring and managing all these interactions effectively requires technology tools to collect data from multiple customer contact points, analyze the results, and put the information to practical use. If the decision-maker isn’t engaged, the account is at risk. Showcase client case studies. Overdeliver value.

SaaS 105

SaaS Journey mapping B2B Feedback 105

CSM Magazine

DECEMBER 20, 2022

It also means taking the time to listen to customer feedback and making sure that their needs are taken into account when making decisions. The online gambling industry is an ever-evolving one, as operators strive to ensure they offer the best customer experience possible. There is no one-size-fits-all solution.

Customer Service 72

Customer Service Accountability Chatbots Customer retention 72

Totango

MARCH 29, 2022

For Hannah Strickland, a customer success manager at Incident IQ , the use of Totango and HubSpot has been a game changer for her team’s understanding of their customer accounts. Proactively increasing customer satisfaction through product adoption increases an organization’s NPS and customer advocacy and engagement.

Customer advocacy 93

Customer advocacy Upselling Accountability Sales 93

CustomerSuccessBox

MARCH 10, 2022

So those businesses that believe to offer customer satisfaction, are likely to have loyal customers, repeat purchases, higher customer retention rates, and buyers who try newer products. In order to do so, you need to roll out NPS and customer satisfaction surveys and collect the reviews.

Management 52

Management Customer retention SaaS Customer advocacy 52

ChurnZero

APRIL 13, 2021

To help drive recurring growth the CCO must focus on initiatives such as customer prioritization, customer retention, customer loyalty, customer satisfaction, as well as improving the customer experience. Create a customer-centric culture. Looking for a new role in Customer Success?

Chief Customer Officer 98

Chief Customer Officer Customer centricity Customer advocacy Accountability 98

JustCall

APRIL 5, 2023

When implemented correctly, CSM can: Preserve and increase a company’s revenue Increase customer advocacy Drive profitability as well as growth More importantly, customer success software can seamlessly integrate with your company’s existing CRM/help desk/social media management software to provide an in-depth view of the customer.

Management 52

Management CRM Analytics Customer retention 52

Beyond Philosophy

AUGUST 4, 2015

They not only hit their numbers, but they also provide an excellent Customer Experience for their accounts. They balance the needs of the Customers and the needs of their organization. It requires an enforcement of the principles, a focus on the needs of the Customer, and a KPI that is rewarded for achieving these goals.

Sales 398

Sales Customer centricity Customer Experience Accountability 398

Fonolo

APRIL 9, 2019

Consider integrating your call center phone system with your customer relationship management (CRM) software so that a caller’s account information appears on an agent’s screen when the customer calls. With this information in front of them, agents are better prepared to resolve a customer’s concern. Plus, so much more!

Call Center 122

Call Center First call resolution Interactive Voice Response Contact Center 122

Global Response

JULY 23, 2023

We selectively match our specialists to each brand so they embody your culture at every customer touchpoint. Sky-High Costs The Problem: Adding on a call center creates yet another line item that must be budgeted and accounted for—and in today’s economy, that’s a difficult problem to get around.

Call Center 62

Call Center outsourcing Bilingual agents Service level 62

Kayako

SEPTEMBER 9, 2022

Conversational customer support is important to customer relationship management because the quality of the conversation defines a customer’s experience, which influences customer retention and loyalty. Since the late 1990s, some companies have used created customer journey maps.

Customer Service 62

Customer Service Journey mapping Agent Empowerment Customer retention 62

Global Response

MARCH 25, 2024

Examples of effective customer journey maps As we explore customer journey mapping, it is helpful to see tangible examples of how other companies effectively used the tool. Here are three case studies of organizations across industries that used customer journey mapping to improve customer satisfaction and drive business success: 1.

Journey mapping 62

Journey mapping Banking Analytics Sales 62

CSM Practice

MAY 28, 2020

Some Customer Success Manager salaries may be undeserved for the work given. A fixed amount is paid with a variable component based on individual Customer Success Manager performance. Incremental and easy to measure targets that are directly related to revenue are set to incentivize Customer Success Manager to exceed their goals.

Best practices 126

Best practices Management SaaS Metrics 126

Totango

NOVEMBER 12, 2020

A decline in new business opportunities brought about by belt-tightening in the market is encouraging the use of Customer Success best practices to retain and grow opportunities with existing customers. In uncertain times, however, it is difficult to predict customer behavior or anticipate future needs. Sonar’s Success Story.

Technology 100

Technology Customer centricity Enterprise Surveys 100

Amity

JUNE 11, 2018

You do not want CSMs to be measured on whether they are covering 100% of your customers – this model does not lead to success, as you will sacrifice quality, focus and actions. MRR retention, revenue growth, customer retention, customer wallet share and satisfaction should be a reflection of your team and company’s true success.

Strategic Value 91

Strategic Value Customer retention SaaS Sales 91

Nicereply

DECEMBER 7, 2022

Successful customer relations go beyond just getting customers up and running; it’s about ensuring they are happy and continue to be a valuable part of your business over the long term. In this post, we’ll share tips for developing a strong customer success team to help you improve customer retention and lifecycle.

SaaS 52

SaaS Morale Feedback Accountability 52

Satrix Solutions

SEPTEMBER 8, 2020

Customers are grouped into three categories based on their response to the NPS survey – Promoter, Passive, or Detractor. Naturally, marketing can turn to Promoters for testimonials and case studies. Evolving Accountability for CX. No longer can a single department claim ownership of the customer experience.

Marketing 78

Marketing Customer Experience Benchmark B2B 78

SmartKarrot

MAY 11, 2022

The first lesson a B2B SaaS (Software as a Service) marketer learns about account-based marketing tactics is that you cannot possibly target each customer in your niche. This is the hard truth of account-based marketing strategy. Develop and execute targeted marketing for key accounts. The answer is quite simple.

Accountability 10

Accountability Marketing B2B SaaS 10

Totango

NOVEMBER 12, 2020

A decline in new business opportunities brought about by belt-tightening in the market is encouraging the use of Customer Success best practices to retain and grow opportunities with existing customers. In uncertain times, however, it is difficult to predict customer behavior or anticipate future needs. Sonar’s Success Story.

Technology 86

Technology Customer centricity Enterprise Surveys 86

Totango

MARCH 2, 2021

In this blog, we’ll look at how the customer journey has been reconceived around the image of a flywheel that integrates both the pre-sales and post-sales steps in the process. Mapping the Stages of Today’s Customer Journey. The SaaS business model has transformed contemporary understanding of customer journey stages.

Upselling 63

Upselling SaaS Brand ambassadors Sales 63

ChurnZero

JULY 9, 2020

Celebrate (and Capitalize) on Success With Case Studies. Case studies are a mutually beneficial way to promote your product and your customer among interested audiences – so long as your features know their place in the story. If they outshine your customer, you’ll lose the reader.

SaaS 64

SaaS Marketing Upselling Chief Customer Officer 64

CustomerSuccessBox

MAY 18, 2022

And must say he delivers incredible insights on customer success and the blogs are worth the attention! Suggested blog : Account Expansion: If You Want To Grow Fast, Do This…. Conversion XL (previous name) has a great piece of blog content that conveys actionable techniques and case studies that are backed up by solid data.

SaaS 52

SaaS Upselling Education Customer retention 52

Satrix Solutions

NOVEMBER 28, 2018

How willing they are to participate in case studies. Whether your potential customers hear about you through a proactive recommendation or when they’re asking for insight from peers, having a long list of customers who speak favorably about you is an ideal way to drive more inbound leads. How often they refer you.

B2B 60

B2B Customer centricity Feedback Advertising 60

SmartKarrot

JUNE 20, 2023

Role: Customer Success Manager Location: United States (Remote) Organization: Liquid Web As a Customer Success Manager, you’ll ensure that customers receive more value from your offerings by engaging in onboarding activities. Promote customer retention and revenue growth within the current/assigned account base.

Engineering 19

Engineering Accountability Customer retention Sales 19

Fonolo

APRIL 25, 2019

It’s not often that you get to hear exceptional and positive customer service accounts, so today we bring you five that will shock you – but in the best of ways. With each one of these encounters, one can see how brands can foster and forge loyalty with their customers. Successful case studies. Plus, so much more!

Customer Service 104

Customer Service Airlines Contact Center Accountability 104

Education Services Group

JULY 5, 2023

We’ve steered our customers into a sturdy steady state during Service, and we’re continuing to proactively check in, demonstrate value, and manage the conversations that need to happen to facilitate renewal. Pass these leads to Marketing for case studies, testimonials, referrals, and other fun stuff that makes their lives easier.

Journey mapping 52

Journey mapping Engineering Sales Enterprise 52

GetFeedback

SEPTEMBER 24, 2019

B2B marketing expert Chris Ryan of Fusion Marketing Partners advises that, instead of just dealing with problems, CX could help marketing identify highly satisfied customers and “look for chances to make heroes out of your customers.”. But customer feedback can lead to a wishlist that’s hard to prioritize.

Education 60

Education Sales Feedback Healthcare 60