Totango

JUNE 26, 2020

COVID-19’s effect on customer churn may have already begun, but there is still plenty you can do to increase customer engagement and retain the customers you have worked hard to win. Lean on Customer Data Segment Your Customers Be Proactive Communicators Be Flexible Revisit Goals and Success Points.

SaaS 91

SaaS Customer retention Best practices Telecommunications 91

Totango

FEBRUARY 12, 2021

Read on to learn what you need to know about what customer churn is and how to calculate it. What Is Customer Churn? A Definition. Customer churn is the percentage of customers lost over a given time frame, typically a month. It is sometimes called customer attrition, customer turnover or customer defection.

Customer retention 81

Customer retention Best practices Enterprise Management 81

PeopleMetrics

MARCH 1, 2017

The elements of each banking customer experience, of course, will likely blend together: many banks will offer similar savings and loan products, as well as deliver services via branch, contact center, online, and digital channels. The definition of your own "how" is foundational to successful habits of making decisions for your customers.

Customer centricity 61

Customer centricity Best practices Banking Brand ambassadors 61

CustomerSuccessBox

JUNE 28, 2021

The Acquisition driven SaaS growth is dead and this era is all about retention-led growth. Whether you are a B2B SaaS or a B2C SaaS, the business’s growth and survival will be dependent on customer retention. But the majority of the businesses are fundamentally leading and thriving only and only through retention.

SaaS 52

SaaS B2C Customer retention Upselling 52

Callminer

FEBRUARY 4, 2021

More effectively identifying and managing customer vulnerability isn’t just a benefit for consumers, companies that can successfully support vulnerable customers deliver better customer service and improve customer retention and loyalty. Consumers will eventually worry more about the quality you offer them.

Call Center 345

Call Center Contact Center Finance Consulting 345

Call Center Weekly

APRIL 9, 2018

But how can business leaders definitively know and quantify the things that aren't working? The answer to this, is customer feedback. Consider surveying existing customers and customers that request to cancel. Retention managers should immediately know the top reasons for customer cancellations at any time.

Best practices 143

Best practices Consulting Consulting Feedback 143

Education Services Group

AUGUST 16, 2022

If we started using them to facilitate critical conversations even earlier (like during the late stages of the sales cycle, before the contract is even signed), we could help Sales engage better, improve the likelihood of closing the deal, and increase up-sell, renewals, and customer retention. We need Sales to understand this, too.

Sales 52

Sales Best practices Customer retention Accountability 52

CSM Magazine

JULY 22, 2021

Henry Spitzer, VP of Sales at Lusha explains how community building is a powerful and cost-effective way to increase retention by creating a central destination for users to find support, advice and best practices. Growing Customer Retention. In the world of business, loyalty translates into retention.

Advertising 98

Advertising SaaS B2C Engineering 98

Totango

DECEMBER 15, 2020

Read on to learn why helping your customers succeed is essential to your own success and how you can promote better experiences for higher retention. Understanding Why Customer Success Is So Important. To appreciate why customer success is so important, it will be helpful to begin with a definition.

Best practices 111

Best practices Accountability Personalization Technology 111

NobelBiz

APRIL 3, 2023

How to Implement Effective Call Center Quality Management Call Center Management Best Practices What is Call Center Quality Management? Increased Customer Loyalty Satisfied customers are more likely to be loyal to a business, which can increase customer lifetime value.

Quality management 52

Quality management Call Center Management Calibration 52

Totango

MARCH 26, 2021

In this article, we’ll paint a full picture that incorporates the latest technology and provides actionable advice for optimizing each stage of the customer lifecycle. What is a Customer Lifecycle? Use automation to implement best practices and assist struggling customers. 7 Customer Onboarding Best Practices.

SaaS 66

SaaS Best practices Upselling Education 66

CSM Practice

DECEMBER 8, 2019

At the same time, a 5% increase in customer retention rates can increase profits by up to 95%. Why Do Customers Churn? Understanding the numerous reasons for customer churn enables SaaS business to conduct better churn analysis, mitigate churn, increase customer retention, and consequently increase revenue.

SaaS 88

SaaS Customer retention Accountability Feedback 88

SmartKarrot

NOVEMBER 25, 2020

Customer Success as an industry is quite subjective. The definition of success differs from one industry to another. What stays common is the success of a customer. For you to grow, the success of your customer is a prime concern. And that will happen when you have a clear-cut definition of what success means to you.

Best practices 10

Best practices SaaS Benchmark Metrics 10

Nicereply

JANUARY 23, 2023

Here are more great benefits of making sure you’re customers are satisfied: Bain & Company , the creators of NPS, found that just a “5% increase in customer retention produces more than a 25% increase in profit” in some industries. Esteban Kolsky found that 72% of customers tell 6 or more people if they’re truly happy.

Metrics 98

Metrics Customer effort Surveys Feedback 98

ChurnZero

JANUARY 18, 2024

The role of the chief customer officer has become an essential function in subscription-based business models such as software-as-a-service (SaaS), where customer retention is paramount and requires executive-level leadership. Participate in M&A [due] diligence and ultimate onboarding of acquired targets’ customer bases.”

Chief Customer Officer 52

Chief Customer Officer SaaS Sales Upselling 52

JustCall

AUGUST 1, 2021

A text survey helps companies and businesses to gather customer feedback that leads to further design of customer service processes. Working on your minus points improves customer retention, lowers customer churn, and increases the chance of referrals. Why are Customer Satisfaction Surveys so Important?

Surveys 98

Surveys Real estate Feedback Customer retention 98

aircall

AUGUST 5, 2022

Above all, this increases your conversion rate and customer retention (which is even more important in this economy). . To get the latest industry best practices, we tapped experts at Teamleader and Aircall to give you an exclusive glimpse behind the scenes. . 6 Ways to Optimize Lead-Nurturing and Follow-Up.

Sales 62

Sales SaaS Marketing Personalization 62

JustCall

MARCH 13, 2023

Historically, it has been seen that companies that achieve a high FCR rate tend to have better customer satisfaction rates and higher customer retention rates. By resolving issues on first contact, companies save time and resources that would have been spent on additional interactions with the customer.

First call resolution 40

First call resolution Self service Metrics Benchmark 40

Totango

NOVEMBER 5, 2021

Did you ever face any difficulties in matching resources (people and budget) with the stuff noted on the customer journey map? TC : Yes, definitely. TC : Right now, we don’t differentiate based on at what point they renew, but I think it’s definitely something that we’re considering doing moving forward.

Journey mapping 110

Journey mapping Accountability Marketing Metrics 110

ProProfs Blog

APRIL 15, 2019

An old belief that exists among customer support circles is that it’s easier to retain existing customers than to acquire new ones. Creating marketing strategies to reach new customers is important, there is absolutely no doubt about that, but careful thought also needs to be put into customer retention strategies.

Surveys 106

Surveys Sales Best practices Customer retention 106

Education Services Group

OCTOBER 15, 2020

CSMs can implement these best practices at a company level with a shared goal of better serving the customer – in addition to offering data-driven decision making and customer-centric understanding – for overall business success. (Thankfully they are all available now On-Demand !)

Best practices 105

Best practices industry standards Customer centricity Sales 105

Totango

AUGUST 28, 2020

Segment customers to look for common issues and bottlenecks among different customer groups; use these insights to continually update and improve your onboarding process. Determine best practices for addressing common onboarding challenges ahead of time, so that your team can proactively take action to prevent churn.

SaaS 71

SaaS Enterprise Customer centricity Best practices 71

delighted

AUGUST 10, 2022

If Company A had 400 customers at the beginning of January and 380 customers at the end of January, the churn rate would be: ((400 – 380)/400) x 100 = 5%. Keep in mind that when conducting a customer churn analysis, you want to be clear on your definition of when a customer has churned.

Journey mapping 87

Journey mapping Feedback Surveys Customer retention 87

CustomerSuccessBox

FEBRUARY 20, 2022

You’d be letting them down if you don’t stand your ground when a customer chooses a path that will cause troubles down the road. This will definitely make your customer a little uncomfortable, but they’ll start to see the relevance of the point that you’re mainly trying to imply. Walk Customers through your Processes.

Best practices 52

Best practices Journey mapping Customer retention Marketing 52

Totango

AUGUST 18, 2022

Optimizing your customer onboarding may not be your only priority, but it should definitely be high on your list. How quickly and clearly you can demonstrate the value of your product during the onboarding stage has a direct effect on customer retention and churn. Why Optimizing Your SaaS Onboarding Matters.

Journey mapping 92

Journey mapping SaaS Upselling Enterprise 92

Education Services Group

JULY 1, 2022

Some of the unattainable attributes and measures we waste time chasing in Customer Success. Some of the variables and philosophies we should spend time chasing in Customer Success , like an assessment of your current business and maturity state, your customer’s definition of value, and the ability to operate and execute with empathy.

Best practices 52

Best practices Metrics Analytics Accountability 52

ClientSuccess

JUNE 13, 2017

For instance, one pair might measure churn as well as retention, which are opposite but complementary measurements. Let’s get started: Calculation 1: Customer Retention Rate vs. Customer Churn Rate. Customer Retention Rate (CRR). Definition: The percentage of customers retained over a given period of time.

SaaS 43

SaaS Metrics Customer retention Upselling 43

Kayako

APRIL 1, 2022

When we look at what customers want when shopping online, we can see that it reflects what people appreciate during in-person transactions. Ecommerce hasn’t changed customers’ definition of good service, but it has made it more challenging for companies to meet those expectations.

Sales 90

Sales Personalization Upselling Chatbots 90

Amity

JULY 13, 2016

Organizations need to focus around the entire experience of the customer. And to achieve this, Customer Support is now Customer Success. Still, expectation gaps remain, Customer Success by definition is still in its infancy, processes are immature and confusion reigns. Subscribe here. Subscribe here.

SaaS 81

SaaS Best practices industry standards Consulting 81

ChurnZero

JUNE 17, 2022

She collaborates with CS leadership to create internal learning paths that align with ChurnZero’s CS philosophy, processes, and best practices. Over the last year even more, because it is known that onboarding sets the tone for a customer’s entire lifecycle. Bree: Definitely. We’ve talked about the usage category.

Metrics 98

Metrics SaaS Surveys Self service 98

CSM Practice

FEBRUARY 24, 2020

Out of the myriads of customer data that can be measured, in this blog, I will emphasize the most important customer success metrics you need to focus on based on best practices. Remember, most customer success metrics fall into one of these four main categories: Customer Financial Metrics.

Metrics 52

Metrics Upselling SaaS Accountability 52

CSM Practice

FEBRUARY 24, 2020

Out of the myriads of customer data that can be measured, in this blog, I will emphasize the most important customer success metrics you need to focus on based on best practices. Remember, most customer success metrics fall into one of these four main categories: Customer Financial Metrics.

Metrics 52

Metrics SaaS Customer retention Upselling 52

CSM Practice

FEBRUARY 24, 2020

Out of the myriads of customer data that can be measured, in this blog, I will emphasize the most important customer success metrics you need to focus on based on best practices. Remember, most customer success metrics fall into one of these four main categories: Customer Financial Metrics.

Metrics 52

Metrics SaaS Customer retention Upselling 52

Totango

JULY 21, 2020

Customer retention is the primary function of your Customer Success team, so now is the time to ensure your team has the tools and support they need to continue delivering value to your customers. Revisit Your Customers’ Goals. The current downturn makes it vital that you work to defend your core revenue.

SaaS 64

SaaS Calibration Enterprise Customer retention 64

CSR Inc.

SEPTEMBER 3, 2017

Do your customers care if call center agents address them by name? If you don’t know, you should definitely find out – especially if you are training and measuring agents on a specific behavior such as using the customer’s name a few times. How do we ask customers what they expect? Does it make a difference?

Customer Care 63

Customer Care Surveys Interactive Voice Response Customer retention 63

Totango

NOVEMBER 5, 2021

Did you ever face any difficulties in matching resources (people and budget) with the stuff noted on the customer journey map? TC : Yes, definitely. TC : Right now, we don’t differentiate based on at what point they renew, but I think it’s definitely something that we’re considering doing moving forward.

Journey mapping 84

Journey mapping Accountability Marketing Metrics 84

Global Response

DECEMBER 21, 2022

All of this has a direct impact on the bottom line: 89% of customers said a positive customer service experience “makes them more likely to make another purchase.” Increasing customer retention rates by even 5% can increase profits by anywhere from 25% – 95%. Of course—it’s never too late!

Call Center 62

Call Center Outbound sales Feedback Best practices 62