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How to Calculate and Improve Your Customer Retention Rate

Totango

Customer retention is the lifeblood of any savvy enterprise. It’s the only way to be successful in this customer-centered economy and ensure scalable long-term revenue. To retain customers, companies must make the customer experience better and ensure customers never stop seeing value from their product or service.

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What is Net Dollar Retention? NDR Benchmarks, Formula & more

CustomerSuccessBox

If you’ve ever taken a Marketing 101 course, you’ve learned that retaining a customer is far more profitable than attracting new customers. The cost of acquiring new customers becomes very high very quickly. Gross Dollar Retention. Additional Resource- Customer Retention Guide.

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7 Step Customer Success Strategy for Higher Lead Conversion and Customer Retention

Totango

A customer success strategy is a proactive plan for guiding your clients to outcomes that satisfy their needs. When your customers enjoy more value, your product adoption rates rise and customer retention rates go up. This promotes success for your company as well as your customers. Make Onboarding Easy.

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The Best Way to Calculate Customer Retention and Keep Your Clientele

TLC Associates

Studies by Bain & Company show the effort to increase customer retention by 5% produces 25% additional profits through upsells, cross-sells, and customer referrals. It’s not a stretch to say your ability to retain customers reflects your ability to grow your bottom line. Calculating Customer Retention Rates.

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11 Practical Ways to Improve Customer Experience (CX)

JivoChat

Businesses that seek to improve customer experience (CX) are poised for success. This kind of customer-centric mentality can drive new business, boost customer retention rates, and create new benchmarks for goals. Customer experience comes into play along each step of the customer journey. Don’t fret.

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8 Ways to Turn Your Contact Center from Cost to Profit

Transparent BPO

Customers must be asked and their responses benchmarked consistently and continually to turn your contact center into a profit center,” the whitepaper says. Even though selling is not the primary role of customer service, that does not mean agents can’t learn the art of the soft sell.

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7 Customer Marketing Strategies to Increase SaaS Retention

ChurnZero

Moderators keep their eyes on the road (and clock) to make sure speakers don’t veer the discussion too far off course, get stuck in a tangent, or miss a main point. Benchmarking – Entering the arena to win an award provides the opportunity to compare your Customer Success team with others in the industry.

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