Totango

OCTOBER 2, 2020

Equipped with the knowledge provided by customer data, you can help your customer survive tough times by offering practical solutions that add value and ultimately contribute to customer retention during economic downturns — even ones caused by a pandemic. Establishing Customer Status and Goals.

Customer retention 118

Customer retention Enterprise Best practices Metrics 118

ProProfs Blog

SEPTEMBER 17, 2021

Deloitte’s 2017 Human Capital Trends showed that 80% of HR leaders rate employee experience as ‘important’ or ‘very important’ to them. In the next section, let’s understand some employee experience best practices. Source: HR Trend Institute. Source: HR Exchange Network. 31 Ways to Improve Employee Experience.

Best practices 78

Best practices Surveys Journey mapping Gamification 78

Totango

MAY 14, 2021

Customer retention is the keystone in any customer success strategy. There are many different types of customer retention metrics that one can track. Which customer retention metrics have the biggest impact on your business? Customer Retention Rate. Revenue Churn Rate.

Customer retention 65

Customer retention Metrics Upselling Best practices 65

Totango

OCTOBER 8, 2020

Customer retention is the continuation of a valued service. In B2B terms, it is still possible to maintain your customer relationship and even improve customer retention during uncertainty, but you will need to focus on five key steps: Understand Your Customer. Listen to Your Voice of Customer Programs.

Customer retention 63

Customer retention B2B Enterprise Best practices 63

Totango

SEPTEMBER 15, 2020

The following stakeholder engagement best practices are a great place to start: Build Key Relationships. The more meaningful communication you have with your customers, the better your relationship will be. However, every type of stakeholder can benefit from the following stakeholder engagement best practices: 1.

Best practices 69

Best practices Personalization Customer retention Enterprise 69

Totango

APRIL 30, 2021

Comparing the cost of customer retention versus customer acquisition underscores why retaining clients is so important. Here’s how to calculate both kinds of costs and why retention should form part of a profitable business strategy. Calculating the Cost of Customer Acquisition.

Customer retention 63

Customer retention Advertising Engineering Upselling 63

ShepHyken

JANUARY 7, 2024

Deloitte Shares Loyalty Trends and Best Practices for 2024 by Alicia Esposito (Retail TouchPoints) To drive customer retention and loyalty, most brands and retailers continue to rely on purchase discounts (77%) and loyalty program points (61%), according to Retail TouchPoints research.

Customer Service 166

Customer Service Contact Center Customer centricity Banking 166

Comm100

FEBRUARY 6, 2023

To drive business, attract new clients, and retain existing ones, financial institutions must invest in improving their customer experience. One of the best strategies to achieve that is tracking and keeping up with emerging industry trends. What is Customer Experience in the Financial Industry?

Customer Experience 76

Customer Experience Brand ambassadors Self service Chatbots 76

Comm100

FEBRUARY 23, 2021

Your customer service agents should be trained to handle any kind of customer service situation, whether they’re working from home or on-site. From escalations to everyday responses, make sure that your employees know the best practices for helping customers. Customer happiness is everyone’s responsibility.

Best practices 52

Best practices Customer Service Customer retention Morale 52

CustomerSuccessBox

AUGUST 10, 2021

Any changes in the market, like trends and customer usage, may also require revisiting the customer health score. Conversely, survey results have revealed that 26% never update their customer health score algorithm. Increased Customer Retention. A good health score indicated happy customers.

Customer advocacy 52

Customer advocacy Customer retention Benchmark Surveys 52

Totango

DECEMBER 16, 2020

Keeping up with new trends in customer success can help you promote repeat business and prevent customer churn. Here are four of the latest trends you need to know about: Automating customer success with out-of-the-box templates. Optimizing customer experience with personalization.

Journey mapping 71

Journey mapping Best practices Accountability Big data 71

ShepHyken

FEBRUARY 25, 2024

How Customer Experience Drives Business Growth by Impact Networking (Impact Networking) By prioritizing the customer experience, businesses can increase customer retention and loyalty, generate organic brand advocacy, expand their market share, and ultimately drive the bottom line. Thank you, Replicant, for this honor!

Customer Service 153

Customer Service Customer advocacy Average Handle Time Customer centricity 153

Totango

FEBRUARY 10, 2021

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. Customer health scoring .

Customer retention 84

Customer retention Journey mapping Benchmark SaaS 84

CustomerSuccessBox

JUNE 28, 2021

Read this blog to understand the Paradigm shift in Customer Success technology with AI. So keeping in mind the top trends, here is a strategy for you to plan your next Customer Success Budget. Read: Ari Hoffman’s Customer Success Strategy for an economic downturn. Top Customer Success trends.

SaaS 52

SaaS B2C Customer retention Upselling 52

NICE inContact

OCTOBER 10, 2019

Talk about customer retention. Customers who have positive associations with a brand are more loyal because they know they can rely on that brand for a positive experience. Let’s look more closely at the link between customer experience and customer retention. The key is knowing more about your customers.

Customer retention 70

Customer retention Customer Experience Customer emotions Contact Center 70

Global Response

MARCH 27, 2024

This transformative approach streamlines operations and significantly enhances the quality of customer interactions. By harnessing the power of vast data sets, businesses can uncover deep insight into customer behavior, preferences, and trends, enabling them to tailor their services for maximum impact.

Big data 62

Big data Call Center Analytics Interactive Voice Response 62

PeopleMetrics

MAY 30, 2015

If we’re committed to it, we’ll never be done making the customer experience better. Variables like technology, trends, and customer interests make customer experience improvement a complex and evolving challenge. But if we can build strong relationships with our customers, they’ll give us time to solve that challenge.

Best practices 120

Best practices Customer Experience Journey mapping Feedback 120

Totango

MAY 6, 2021

What is customer retention ? We’ll discuss what customer retention means as a concept, as a strategy and as a metric. And we’ll offer an eight-step path to increasing customer retention by following best practices and leveraging the power of automation. What Is Customer Retention?

Customer retention 74

Customer retention Best practices Education Benchmark 74

Totango

MARCH 19, 2021

Today’s SaaS customer journey re-envisions the customer’s experience as a circular flywheel, emphasizing the continuity between pre-sales and post-sales experience and between the way successful customer retention sets the stage for brand advocacy and the recruitment of new prospects.

Best practices 124

Best practices Customer retention Upselling SaaS 124

TechSee

JUNE 16, 2022

In addition, Eric is a member of Miele’s International Service team, to help identify, streamline and share global best practices and promote service excellence. His YouTube channel is a fantastic source of inspiration about customer experience and customer centricity in a digital world. Follow on LinkedIn.

Customer Service 251

Customer Service Chief Customer Officer Contact Center Consulting 251

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

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. Here, we see an example of Lumoa’s AI performing regression analysis.

Surveys 83

Surveys Feedback Banking Best practices 83

Totango

FEBRUARY 12, 2021

You can also think of customer churn as the opposite of customer retention. Customer retention is the percentage of customers who remain with you over a given period. Any customers you don’t retain contribute to churn. The higher your retention rate, the lower your churn.

Customer retention 81

Customer retention Best practices Enterprise Management 81

Kayako

JANUARY 24, 2018

At Kayako, we do our best to understand not just our customers’ needs, but their customers’ needs, as well. Armed with that empathy and over ten years in the business, there’s been one consistent signal that stands out from the noise in this year’s customer service trends: customers want effortless experiences.

Customer centricity 83

Customer centricity Customer Service Self service Chatbots 83

Totango

JULY 6, 2021

It helps you predict your future performance if current customer loyalty trends hold. It empowers you to manage customer loyalty by tweaking your loyalty strategy, testing your results and iterating continued improvements. How Do You Measure Customer Loyalty?

Best practices 110

Best practices Metrics Surveys Customer retention 110

Totango

APRIL 24, 2020

In customer retention, every engagement counts. Rather, customer retention for SaaS enterprises is a result of the customer experience. It is an outcome based on an emotional reaction and connection to the performance of a supplier and the value a customer experiences through using that enterprise’s product.

Best practices 83

Best practices Customer retention SaaS Enterprise 83

Totango

JUNE 30, 2020

Communication during a crisis is about protecting your core asset, your customers. The digital transformation of business has shifted enterprise focus toward customer retention and the pursuit of long-term value. Challenges such as the ongoing COVID-19 pandemic only reinforce the importance of keeping the customers you have.

Best practices 126

Best practices Customer retention Metrics Enterprise 126

ChurnZero

SEPTEMBER 8, 2022

Providing access to on-demand training enables CSMs to support more customers and create a faster onboarding process. Supplying customers with the right content exactly when they are seeking it helps build the customer relationship. Increase customer retention, lower churn. Customer satisfaction. Author bio.

Education 98

Education Benchmark Customer retention Metrics 98

SmartKarrot

MARCH 17, 2022

While B2C loyalty programs are quite popular, B2B SaaS companies have to keep certain best practices in mind. B2B companies need to focus on driving revenue and sales while incentivizing existing loyal customers. Customer loyalty is the base of customer retention. Keep track of what others offer.

Best practices 10

Best practices B2B B2C SaaS 10

Totango

JUNE 30, 2021

Knowing how to boost product adoption after onboarding is critical for customer retention. Onboarding is a crucial time to provide the training and resources that customers need to make the most out of your product. Boost Product Adoption to Increase Customer Retention.

Best practices 94

Best practices Customer retention Metrics Accountability 94

Lumoa

FEBRUARY 16, 2023

A voice of the customer (VoC) is the process of gathering customer feedback to discover what they need, want, and expect from you. Keeping up with industry standards or new trends. But you also need to maintain relationships with your customers. Increasing customer loyalty. Now, what do you do with the data?

Feedback 94

Feedback Best practices Analytics Surveys 94

Totango

MAY 11, 2021

Stakeholder engagement and management is critical for customer retention. These steps chart a path to communicating the value of your product and brand to your stakeholders, promoting higher engagement and retention. For optimal results, use software that allows you to automate best practices for these steps.

Management 84

Management Best practices Journey mapping Metrics 84

ShepHyken

OCTOBER 8, 2021

Whenever you receive feedback from a customer (good or bad — but especially when it’s bad), make note of it. . When a trend emerges in your customer feedback, leverage this data to make improvements to your product or service.? . Over time, you’ll likely start to see common themes among these comments.

Best practices 335

Best practices Customer Service Morale Feedback 335

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. To address the growing vulnerability in call center customer bases…”.

Call Center 345

Call Center Contact Center Finance Consulting 345

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. Furthermore, organizations should prioritize end-user education on best practices in protecting personal data.

Customer Service 52

Customer Service CRM Accountability Customer retention 52

CSM Magazine

AUGUST 31, 2023

Upsell or cross-sell : As mentioned, follow-up calls can be an opportunity to upsell or cross-sell additional products or services to customers. This can help increase revenue and improve customer retention.

Call Center 52

Call Center Customer Experience Upselling Scripts 52

Totango

JUNE 25, 2021

Escalation processes can determine whether a customer renews or churns. This makes your escalation management strategy a key to effective customer retention. We’ll start with a review of what customer escalation is and where it fits into your customer’s journey. What Is a Customer Escalation?

Customer Experience 62

Customer Experience Best practices Wait times Chatbots 62