CSM Practice

FEBRUARY 24, 2020

Now more than ever, customer success leaders must use relevant and actionable customer success metrics to make guided decisions and strategies to deliver success. Together, we will examine metrics that quantify the overall financial health of a subscription-based business. Customer Health Metrics.

Metrics 52

Metrics Upselling SaaS Accountability 52

Nicereply

FEBRUARY 2, 2024

Source SuperOffice In today’s competitive environment, where customers are spoiled for choice, customer success has become a key competitive differentiator. As such, you must find ways to educate and guide your customers on how to gain maximum value from the products they’ve purchased.

Education 59

Education Accountability Customer retention Journey mapping 59

ijgolding

DECEMBER 16, 2015

I am not going to bore you with a list of everything that has struck me over the last 12 months, but I am going to focus on one thing in particular that has stood out for me – and that thing is best summed up by the word ‘education’! Continuing education is and should be for everyone – from top to bottom.

Education 59

Education Customer Experience Customer centricity Consulting 59

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

ClientSuccess

JUNE 19, 2019

If you think retaining an existing customer is expensive and unnecessary, try acquiring a new one. It will surely get your brain and bank account working overtime. Increasing customer retention by 5% can increase profits by 25-95%. Shocker, right? Automated Marketing for Augmented Engagement.

Customer retention 73

Customer retention B2C Entertainment Consulting 73

Education Services Group

JANUARY 18, 2022

Customer Success charters are expanding to cover more revenue-related activities, but CS leaders can do more to validate their influence on their company’s overall revenue growth. These are all important metrics to keep in mind as you choose the best KPIs to showcase the results of your CS team’s efforts. What is Net Revenue Retention?

Metrics 52

Metrics Upselling Analytics Sales 52

delighted

FEBRUARY 16, 2023

Since acquiring a new customer can cost 7x more than retaining an existing customer, focusing on long-term customer success is crucial for growing businesses. In this post, we’ll cover: What is customer success? In this case, account managers support a particular set of dedicated customers.

Customer retention 52

Customer retention Metrics Feedback Accountability 52

Education Services Group

DECEMBER 2, 2021

There’s a new kid on the block of customer metrics, and it might be one of the most accurate individual predictors of churn we can find. What is this incredible metric, you ask? NPS uses a simple scale and has the advantage of being quick and easy for customers to fill out. Its strength lies in the question itself.

Customer retention 52

Customer retention Metrics Education Accountability 52

CustomerSuccessBox

APRIL 29, 2022

It is because as they kept acquiring new customers, they overlooked the existing ones! As a result, customers churned and the firm couldn’t do anything about it. If not, start focusing on customer retention. Plan the best SaaS Retention strategies that ensure customers stay with you for long.

SaaS 52

SaaS Customer retention Metrics B2B 52

ChurnZero

MAY 4, 2023

There’s a closely held growth secret among large B2B professional services firms, like consultants, accountants and law firms, that Customer Success Managers (CSMs) might appreciate: The more relationships a client has across a firm, the lower that client’s flight risk.

SaaS 98

SaaS Best practices Gamification Feedback 98

Education Services Group

SEPTEMBER 15, 2020

It’s about gaining insight into customer engagement to understand how they’re interacting with your company. Marketers regularly rely on email metrics because that data tells them who is ready to move down the funnel, and maybe even talk to a salesperson. Each of these metrics is essentially the inverse of the other.

Metrics 52

Metrics Marketing Best practices Personalization 52

Customer Relationship Metrics

JULY 26, 2017

Ownership over Accountability. When your focus is on how to hold people accountable, it takes your focus off an important question: “Why do we need to hold people accountable in the first place?”. She states that if you believe people need to be held accountable, what is YOUR underlying belief? Why is that? Ownership.

Contact Center 211

Contact Center Calibration Construction Customer centricity 211

ClientSuccess

JANUARY 11, 2023

Regularly monitor customer performance and identify opportunities for improvement. Measure customer success metrics for meaningful insights. Focus on customer retention and long-term ROI. Advocate on behalf of the customer —even if it means making a sacrifice in terms of time, cost, or other resources.

Benchmark 80

Benchmark Upselling Education Best practices 80

Education Services Group

JULY 20, 2021

Product updates, like Marley talked about in the webinar, aren’t likely to be considered spammy because their focus is on information and education. Outside of that, one major thing to think about when automating is the number of actions you automate to the customer aren’t the only automations.

Accountability 98

Accountability Chatbots Surveys Journey mapping 98

Education Services Group

OCTOBER 31, 2023

With that framing, I’ve compiled what I imagine is a pretty typical wish list from the point of view of a CSM: A Customer Success Manager’s Wish List: What Fuels My Success Customer Information: Enriched Insights : Empower me with rich customer data, from contact info to personas, renewal dates, contract specifics, and updated customer notes.

Best practices 52

Best practices Finance Upselling Customer retention 52

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

SmartKarrot

JANUARY 20, 2021

Unlike traditional business models, SaaS has seen the rise of new kinds of metrics that help measure the pulse of this business. These metrics include Annual Recurring Revenue (ARR), Customer Lifetime Value (CLV), Customer Acquisition Cost (CAC) and Churn. Customer retention doesn’t just come naturally.

Customer retention 11

Customer retention SaaS Education Customer centricity 11

JustCall

APRIL 3, 2023

Client success is not just about solving the customer’s problems but also providing proactive support to help them get the most value from your product/service. According to data, “increasing customer retention rates by 5% increases profits by 25% to 95%.” ” The math and learning are simple.

Upselling 52

Upselling Metrics Best practices Customer centricity 52

The Northridge Group

JUNE 2, 2023

Business customers are often looking for a different type of CX than consumer customers. They are more educated about the purpose of your outbound calls, and they base their expectations about what the overall experience should be on prior knowledge. They regularly charge customers a small daily storage fee.

B2B 67

B2B B2C Contact Center contact center associations 67

CSM Practice

DECEMBER 19, 2021

Irrespective of your selection, the technology should help you measure the metrics that matter the most like: Net Retention Rate . Customer lifetime value (LTV). 360-degree Account health. This translates to increased productivity and enhanced customer engagement. Customer Retention increases as churn reduce. .

CRM 98

CRM Brand ambassadors Best practices SaaS 98

Global Response

JUNE 20, 2023

In addition, the strong Tunisian workforce—in terms of both size and education—results in ample scalability as well as affordable, quality staffing. Consider that the Tunisian workforce offers educated, multilingual workers who are well-trained in providing quality customer service. What services will you need?

Call Center 62

Call Center outsourcing Bilingual agents Education 62

CSM Practice

APRIL 13, 2021

Customer success managers are focused on long-term goals, specifically driving adoption, delivering value, and ensuring ROI. They are also in charge of setting up interactions like Quarterly Business Reviews (QBRs), customer education, and helping customers implement as many features as possible. Challenges.

Management 52

Management Customer retention Upselling Accountability 52

Outsource Consultants

AUGUST 3, 2020

Make sure you’re helping new and existing agents understand the best practices for common customer scenarios. . Boost Customer Satisfaction for Travel Industry ROI. Keeping customers happy is the easiest way to motivate customer retention.

Interactive Voice Response 127

Interactive Voice Response Average Handle Time outsourcing Call Center 127

Lumoa

AUGUST 8, 2023

According to Gartner research, leveraging the data obtained from direct customer feedback can increase the chances of upselling and cross-selling by 15-20%. This shows the tangible, bottom-line benefits of listening to your customers. In this way, accountability is ensured and a clear point of contact is provided.

Surveys 83

Surveys Feedback Banking Best practices 83

Totango

SEPTEMBER 24, 2020

Customers seek out your product as a solution to a problem and a path to growth, and your ability to deliver on that promise, right from the outset, is key to ensuring they stay satisfied and continue growing their relationship with you through repeated renewals and upsells. Leveraging an Early Warning System.

Enterprise 78

Enterprise Upselling Accountability Metrics 78

Education Services Group

MAY 12, 2021

Each session I attended held alignment with various leading Customer Success topics and strategic concepts, which closely correspond to many of our current account initiatives across ESG today. It streamlines content delivery and doing so at the appropriate time can keep customers not only educated, but engaged, without adding fatigue.

Journey mapping 98

Journey mapping Best practices Education Metrics 98

Lumoa

FEBRUARY 2, 2023

Customer service focuses on specific interactions, like resolving complaints or answering questions. You can think of customer service as a point on a timeline. Customer experience is the line. It takes into account all touchpoints during the purchasing process. You can measure customer satisfaction through two metrics.

Customer Experience 94

Customer Experience Chatbots Surveys Journey mapping 94

CSM Practice

AUGUST 24, 2020

Liz McChrystal is well versed in leading account management, business process analysis, process adoption, relationship building, and client service functions. We recommend watching the recorded session to learn best practices in developing a Customer Maturity Scoring Model and best practices in how to leverage one for best practices.

Construction 52

Construction Best practices Upselling Sales 52

CSM Practice

JANUARY 13, 2021

For many startup companies, the renewal process usually begins with the personnel in charge of the account reaching out to customers to start the renewal conversation. Account review and summary of previous interactions. Discovery of customer satisfaction and business outcome from the product. Renewals Manager.

SaaS 98

SaaS Customer centricity Accountability Education 98

CustomerSuccessBox

FEBRUARY 28, 2022

The LAER model is a framework for establishing an initial relationship with customers and building on it over time. As more technology suppliers move toward subscription-based services, customer engagement has taken the center stage in ensuring customer success. What is a Customer Engagement Model?

Upselling 52

Upselling Customer advocacy SaaS Education 52

Totango

DECEMBER 3, 2020

CS professionals now attest that their bonus structures are tied to company performance, renewals, net retention, upsells, and account health. . They are becoming standard because companies are increasingly recognizing how CS technologies can reduce churn and generate revenue by improving the customer experience.

Upselling 64

Upselling Accountability Enterprise Metrics 64

GetFeedback

SEPTEMBER 24, 2019

Today we’re going to share two methods you can use to earn support for your Voice of the Customer program. . Make sure to check out our free CX guides and exclusive educational video with Forrester waiting for you at the end of the article. . But customer feedback can lead to a wishlist that’s hard to prioritize. Get the Guide.

Education 60

Education Sales Feedback Healthcare 60

SmartKarrot

NOVEMBER 2, 2020

Customer retention is very challenging for businesses especially in 2020. The unprecedented times and business environment have made it uncertain for business leaders on what steps to take to retain customers. So, retaining customers becomes necessary for any company to sustain itself in this economic turbulence.

Customer retention 21

Customer retention Consulting Consulting Marketing 21

Up Your Service

SEPTEMBER 22, 2018

Customer retention now tops new customer acquisition as a source of predictable revenue and profitability. Many challenges exist for organizations making this transition, including legacy reporting structures, out-of-sync compensation plans, lack of capabilities, and customer and supplier inexperience.

Engineering 74

Engineering Metrics Technology Employee engagement 74

Nicereply

NOVEMBER 21, 2023

Strong NPS is the backbone of a thriving customer experience. Net Promoter Score is a measure of how positively your customers rate you and your products. This metric is predictive of how likely they are to repurchase from you in the future, which makes a good NPS score a strong indicator of future success and growth.

Surveys 59

Surveys B2B Feedback Education 59

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

CSM Practice

JUNE 19, 2019

No doubt, customer training improves customer success and can greatly reduce churn by increasing user adoption and supporting a successful onboarding. Increasing perceived value during customer training will typically result in account expansion for existing customers and improve user adoption for new features.

Education 67

Education SaaS Feedback Accountability 67