bold360 Blog

NOVEMBER 6, 2018

What they don’t know is that only a small portion of your budget is dedicated to keeping them as a customer, so disappointment is likely coming. 1 How are you going to meet the high expectations you’ve set in the acquisition phase if your company isn’t as invested in the customer acquisition phase? But there is good news.

Upselling 209

Upselling B2C Customer retention Marketing 209

ShepHyken

OCTOBER 6, 2022

Well, again, my observations show that pretty much every team tasked with improving the customer experience and driving more sales and customer retention is doing some form of journey mapping. And they should as it’s probably the cheapest and simple way of finding opportunities to improve the customer experience.

Journey mapping 173

Journey mapping Customer emotions Customer effort B2C 173

ShepHyken

APRIL 20, 2020

Loyalty programs boost businesses’ ability to keep customers by Jill Young Miller. Louis) In business, simple loyalty programs can strongly increase customer retention, Washington University in St. Even though it appears consumer-based (B2C), there is good info for any type of business. Washington University in St.

Customer Service 161

Customer Service Consulting Consulting B2C 161

TeamSupport

AUGUST 17, 2022

Concepts like customer-centricity and being customer-first are now at the forefront of a pioneering spirit in customer support and related fields, yet many companies are still falling behind. Improving the customer experience can have a significant impact on customer retention, profitability, and growth.

Customer Experience 98

Customer Experience B2B B2C Customer centricity 98

delighted

MARCH 24, 2020

However, there is one area that absolutely should not be compromised: the customer experience. Because tough times for your company indicate tough times for your customers as well, it’s more important than ever for you to focus on customer retention and loyalty. QR code surveys work great for printed materials.

Customer retention 42

Customer retention Customer Experience Real estate Feedback 42

Nicereply

NOVEMBER 27, 2023

A company’s ability to understand and optimize customer satisfaction directly impacts customer retention, advocacy, and ultimately, profitability. As a customer experience professional, you’re at the forefront of this battle for consumer loyalty and satisfaction. Select the Timing: Timing is crucial.

Metrics 59

Metrics Surveys Analytics Feedback 59

Comm100

JANUARY 21, 2020

B2B vs. B2C conversion. B2B and B2C digital journeys have their own set of channel preferences. B2B companies have been slower than B2C in adopting digital transformation. However, they’re catching up quickly in response to customer demand—and it’s paying off. B2B tends to expect responses within 1-24 hours.

B2C 83

B2C B2B Benchmark Best practices 83

Totango

JUNE 4, 2021

For instance, if a customer is using a new feature for the first time, you might set up your software to provide a tutorial link. Or if a customer has not used an important feature yet, you can remind them about it with in-product messaging or by providing an NPS survey. Rewards will differ from B2B to B2C customers.

B2C 62

B2C Upselling Journey mapping B2B 62

Nicereply

FEBRUARY 2, 2024

This will, in turn, will help you: Build stronger customer relationships Earn customer trust Improve customer satisfaction Happy and satisfied customers often become advocates who rave about your brand on social media and review sites. Excellent customer service is crucial to the success of an organization.

Education 59

Education Accountability Customer retention Journey mapping 59

Lumoa

MARCH 20, 2018

The situation when B2B CX was very distant from B2C CX has been rapidly changing. Now at least 80% of B2B buyers now expect the same buying experience as B2C customers. We’re moving towards personalized omnichannel experience in B2B customer journeys. That's a very typical design of a CSAT survey. So let’s start!

Customer Experience 114

Customer Experience B2C Journey mapping B2B 114

Lumoa

MARCH 12, 2023

Benefits of using a customer experience platform CX platforms benefit your business in many ways. Their ultimate goal is to enable you to improve the customer experience. Improving your CX can result in: Better customer retention. 81% of customers make a second purchase after a great experience.

Customer Experience 83

Customer Experience Journey mapping Analytics Consulting 83

ProProfs Blog

OCTOBER 30, 2021

The above examples are more helpful in understanding B2C audiences. With the help of demographic survey questions , you can ask different groups of people on social media about such basic details to serve them better. A B2B example for this can be a customer who downloaded your free marketing guide. Family size. Marital status.

Marketing 142

Marketing B2B Advertising B2C 142

JustCall

APRIL 5, 2023

The need for customer success management is fairly new and fast becoming pertinent. With an increasing number of B2B and B2C companies switching to subscription-based models, businesses are facing new challenges. Traditional customer support models will not cut it.

Management 52

Management CRM Analytics Customer retention 52

PeopleMetrics

FEBRUARY 25, 2022

Customer experience (CX) has become an essential cornerstone of modern business strategy. It helps you improve customer retention rates, efficiently focus on your highest-impact customers, and continually improve your services. But what is customer experience? Measure your performance using customer surveys.

Customer Experience 71

Customer Experience Journey mapping Feedback Metrics 71

Nicereply

MAY 14, 2019

Strong communities form an important part of customer retention strategy, because they keep customers coming back for more. Customers feel like the relationship is a give and take situation – and this relationship continues even beyond the initial sale. Communities are powerful.

Sales 76

Sales B2C B2B Customer retention 76

CSM Magazine

NOVEMBER 11, 2020

The report identifies five transformative trends that will become mainstay in 2021, as more companies turn to conversational support to efficiently manage high conversation volume and exceed customer expectations. The report is based on a survey of nearly 600 customer support leaders from B2B and B2C organizations.

Customer Support 52

Customer Support B2C Chatbots B2B 52

Lumoa

MARCH 20, 2018

The situation when B2B CX was very distant from B2C CX has been rapidly changing. Now at least 80% of B2B buyers now expect the same buying experience as B2C customers. We’re moving towards personalized omnichannel experience in B2B customer journeys. That's a very typical design of a CSAT survey. So let’s start!

Customer Experience 64

Customer Experience Journey mapping B2C B2B 64

JivoChat

JULY 21, 2021

Why is customer relations important? For one, building customer relations saves money. It might cost fives times more to acquire a new customer than retain an existing client. This means that increasing customer retention by a mere 5% can result in profit increases of up to 95% , according to data from Small Business Trends.

Chatbots 52

Chatbots B2C CRM Customer retention 52

Nicereply

MARCH 8, 2023

You can also use automated text or email services to check in every now and then–show your customers that you’re there for them. Customer surveys Data direct from your customers is the best kind of data. Customer success is more comprehensive and has multiple goals: Foster customer loyalty.

Customer Service 52

Customer Service Journey mapping B2C Metrics 52

ShepHyken

JULY 24, 2023

According to the Shippo/Harris Poll survey, “Nearly three in four Americans who have made online purchase returns in the past 12 months (72%) have noticed retailers making online purchase returns more difficult over that time span, and more than half (54%) have felt blindsided by a retailer changing their online purchase return policy.”

Customer Service 31

Customer Service B2B B2C Sales 31

Comm100

JANUARY 21, 2020

B2B vs. B2C conversion. B2B and B2C digital journeys have their own set of channel preferences. B2B companies have been slower than B2C in adopting digital transformation. However, they’re catching up quickly in response to customer demand—and it’s paying off. B2B tends to expect responses within 1-24 hours.

B2C 40

B2C B2B Benchmark Best practices 40

SmartKarrot

MAY 7, 2020

Ever since the boom of the SaaS industry, customer retention has become the top-most priority for business owners as they realized the immense benefits of it. Customer retention specialist is the new breed of professionals who are being specifically brought on board to tap on the opportunities that lie behind customer retention.

Customer retention 10

Customer retention SaaS B2C B2B 10

Comm100

JUNE 1, 2022

Both B2C and B2B organizations that don’t offer live chat are missing out on significant benefits that extend beyond providing high quality customer service. When surveyed, 66% of customers say that they feel that they are “treated as any other generic customer, not as an individual with my own needs”.

B2C 52

B2C Chatbots B2B Sales 52

Enghouse Interactive

OCTOBER 2, 2020

41% of B2C companies said that customer experience was the main factor in how they competed against rivals, above quality (31%) and price (27%). Companies understand that improving customer experience delivers benefits in terms of both winning and retaining customers and reducing costs.

Customer Experience 40

Customer Experience B2C Self service Customer retention 40

Freshcaller

AUGUST 21, 2018

This is where building user personas come in handy, both for B2B and B2C players. User personas help us understand our customers better and also generalize them just enough to segment them based on different parameters, including personal and situational factors. Satisfied customers contribute to customer retention and reducing churn.

B2C 40

B2C Customer retention B2B Metrics 40

TeamSupport

APRIL 26, 2019

Customer service is a concept that can mean many things to different businesses. At the heart of it all however, serving the customer is what keeps a business running. Gartner’s 2018 Customer Experience Survey found that two-thirds of a company’s competitive edge was predicated on the experience they delivered to their customers.

Customer Service 55

Customer Service B2B B2C Upselling 55

JustCall

MARCH 23, 2023

For example, once the purchase is completed, the customer could receive an email with a discount on their next purchase. Make Customer Support Your Topmost Priority Customer service is crucial to ensure customer retention in the long run. You can also request the customers for their requirements through surveys.

outsourcing 52

outsourcing B2B B2C Marketing 52

Totango

JULY 18, 2018

The quality of Customer Support interactions is a big factor in customer satisfaction, yet too often agents aren’t equipped with the customer data they need to do their best work. The current state of Customer Support. Customer Support vs. Customer Success. Increased Customer Expectations.

Customer Support 56

Customer Support B2C Customer retention Upselling 56

JustCall

NOVEMBER 24, 2022

A B2C or B2B s ales process is never boring. Create a clearly defined plan that gives structure to your presentation, like a good pitch, to increase conversion rates, convert more leads into deals, and ensure that all of your sales reps deliver positive and consistent customer experiences. Some Facts – Let the Numbers Speak.

Sales 52

Sales B2B Surveys CRM 52

C3Centricity

AUGUST 17, 2020

But only 1% of customers feel that vendors consistently meet their expectations. CEI Survey. 89% of consumers have stopped doing business with a company after experiencing poor customer service. RightNow Customer Experience Impact Report. Customers 2020 Report. Source ).

Customer centricity 63

Customer centricity Big data Airlines Marketing 63

Nicereply

JUNE 20, 2019

Customers can easily jump ship to another brand without second-guessing if they have a poor experience with their current brand. Research has shown that a 5% rise in customer retention can boost a brand’s income by 75% and such retention is the outcome of quality customer experience. times that of laggards.

Marketing 77

Marketing Chatbots B2C Self service 77

JivoChat

AUGUST 24, 2021

CSAT (Customer Satisfaction) is a popular key performance indicator that enables you to track how satisfied your customers are with your products and services. You can conduct surveys with multiple-choice questions and allow people to rate different aspects of your products, services, and customer support. 7-8 - Passive.

Metrics 59

Metrics Customer Service Upselling Average Handle Time 59

C3Centricity

DECEMBER 3, 2018

Here are just a few of the most noteworthy numbers I found during my research online; if you are still not sure it’s worth it this data will convince you: 86% of buyers will pay more for a better customer experience. But only 1% of customers feel that vendors consistently meet their expectations. Source: CEI Survey).

Big data 59

Big data Marketing B2C CRM 59

JivoChat

MARCH 31, 2021

This deeper understanding of customer needs presents one of the biggest opportunities for companies to improve the customer experience and win new business: Source. In addition, Econsultancy carried out a survey for Digital Marketing Trends. Customer experience came out on top: Source. Improved customer retention.

Customer Experience 52

Customer Experience Multichannel Metrics CRM 52

SmartKarrot

AUGUST 10, 2020

This puts substantial pressure on businesses to deliver higher-quality products and services, and also a better customer experience. B2B customer expectations are seemingly higher than B2C customers’ B2B businesses must rise to meet these growing expectations to remain competitive in their markets.

Customer retention 19

Customer retention B2B B2C Feedback 19

Amity

FEBRUARY 2, 2016

Are Your Customer Success Stories Being Heard? Communicating your customer's successes can be one the strongest marketing approaches there is. Exploring the Top 5 Benefits of Customer Success. The Reason Why More Companies Are Using Customer Success Teams to Ensure Customer Lifetime Value.

SaaS 80

SaaS Education Customer retention Sales 80

ProProfs Blog

JANUARY 30, 2020

Companies that successfully engage their B2B customers reported 63% lower customer attrition. The benefits of customer engagement are not just restricted to B2C sectors. With successful customer engagement strategies, a B2B business can easily lower customer attrition. During the survey, 29.3

B2B 204

B2B Banking Personalization Employee engagement 204