JustCall

MAY 14, 2020

But the operation that is facing the most critical hit is – Customer Retention. Customer acquisition has become more difficult than ever. And businesses have shifted their focus towards Retention. But are you still sticking to the old-fashioned customer retention strategies?

Customer retention 52

Customer retention Journey mapping Education Feedback 52

ClientSuccess

FEBRUARY 22, 2023

This can involve training and education on effectively using the product or service, suggesting best practices, and providing guidance on optimizing the customer’s experience. The success of customer success is typically measured by metrics such as customer retention rate, upsell/cross-sell revenue, and customer satisfaction scores.

First call resolution 70

First call resolution Best practices Upselling Education 70

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. 8 Ways to Apply the Golden Rule in Customer Success. Ready to start honoring the Golden Rule with customers?

Benchmark 80

Benchmark Upselling Education Best practices 80

Totango

SEPTEMBER 20, 2022

This delivers customers more satisfying experiences, which promote higher retention, lower churn, and higher referral rates. A customer enablement program is a vital part of the customer landscape for B2B and SaaS companies that rely on customer retention for growth.

B2B 82

B2B SaaS Education Brand ambassadors 82

ClientSuccess

FEBRUARY 8, 2023

Research Vectors by Vecteezy Many customer success leaders in the SaaS space are faced with the same question: who should own customer renewals? It’s an important question to answer, as it can make all the difference in customer retention and long-term success.

SaaS 71

SaaS Upselling Accountability Sales 71

Totango

SEPTEMBER 13, 2022

Automate best practices that promote better customer experiences. Optimize customer onboarding. Promote customer engagement. Increase overall customer health for an improved customer retention rate. Build a brand reputation as a customer-centric business. Expansion of product usage through upsells.

SaaS 86

SaaS Upselling Best practices Customer retention 86

Totango

APRIL 2, 2019

During the first week after the initial subscription, your goal should be to get customers to use the product at least once. The onboarding stage is critical in terms of customer retention, so make sure your customer understands all the features of your product and the value it provides. Gather Feedback.

Journey mapping 105

Journey mapping Upselling Accountability Feedback 105

Totango

FEBRUARY 4, 2020

Customer-centric growth puts customers at the heart of your business strategy. While sales are always an important facet of any growth strategy, customer-centric growth means also emphasizing customer retention. This shift is rooted in the concept that when your customers succeed, so does your enterprise.

Customer centricity 62

Customer centricity Best practices Upselling Enterprise 62

Monet Software

FEBRUARY 15, 2018

More Upsell Opportunities Will your agents pick up on responses that identify certain customers as good candidates for additional purchases? Lower Customer Churn This one is easy ¬– when customers are happy with the service they receive, they stay customers. They will with the help provided by speech analytics.

Analytics 48

Analytics Scripts Upselling Contact Center 48

Amity

APRIL 30, 2018

And while Sales might focus on hitting targets every month ; Renewals, Upselling and Customer Retention would not be possible without the Customer Success Manager. A Customer Success Manager interacts with many cross-functional departments, building and maintaining relationships from Success to Sales.

Sales 82

Sales Upselling Education CRM 82

Nicereply

JUNE 19, 2023

You may start by modifying what clients see on your homepage based on the products they’ve previously looked at, and then follow up with: Custom product bundle suggestions. Customized post-purchase advice to boost upsell opportunities. The more personalized the interaction, the more money your customer is willing to spend.

Customer Experience 59

Customer Experience Chatbots Entertainment Customer retention 59

ClientSuccess

APRIL 30, 2019

Gross Revenue Retention only considers the starting revenue minus any revenue lost through downsell or churn. Net Revenue Retention considers the o setting revenue from expansion (upsell and/or cross-sell). Some refer to this metric as Dollar Revenue Retention (DRR). Customer Retention Rate/Customer Churn Rate.

SaaS 46

SaaS Metrics Upselling Customer retention 46

Totango

AUGUST 27, 2019

Customer lifetime value is the net profit acquired from a customer throughout a company’s relationship with them. The easiest way to calculate CLV is to multiply the annual profit gained from a customer by the average length of time of customer retention.

Upselling 61

Upselling Education Best practices Customer centricity 61

Netomi

FEBRUARY 21, 2024

Post-departure, they assist in gathering feedback, managing follow-ups, and maintaining engagement, which is vital for customer retention. The airline achieved an impressive 87% resolution rate of customer issues with no human intervention. Book a demo today and see first hand what Netomi can do for you.

Chatbots 40

Chatbots Upselling Feedback Personalization 40

Totango

MARCH 26, 2021

Steer traffic towards free trial offers, demo pages, and other opportunities for prospects to experience your product without risk. The onboarding stage marks the transition from the pre-sales to the post-sales phase of your customer’s lifecycle. Resources: Guide to Customer Growth. Extend customers cross-sell and upsell offers.

SaaS 66

SaaS Best practices Upselling Education 66

Lumoa

MARCH 12, 2023

The purpose of a CX platform is to create a big-picture, comprehensive view of the customer journey. Say a customer contacts your support team because they run into a problem. Another customer reaches out to your sales team to get a demo. A third customer sends you a LinkedIn message to ask about your pricing.

Customer Experience 83

Customer Experience Journey mapping Analytics Consulting 83

ClientSuccess

NOVEMBER 26, 2018

While many customer success managers (CSMs) are well-versed in the day-to-day activation and implementation conversations with customers, introducing them to additional services, turning them into advocates, and having upsell conversations, their customer marketing strategies and results can often fall short.

Marketing 56

Marketing Upselling SaaS Customer retention 56

Quiq

MARCH 8, 2019

There are so many companies currently leveraging the power of live chat and seeing their numbers grow in terms of both revenue and new customers that we felt obliged to highlight 5 of the top ways live chat drives revenue. Looking for a way to build customer loyalty, increase customer retention and boost your average order size?

Customer retention 44

Customer retention Upselling Sales Customer centricity 44

Totango

JANUARY 4, 2019

The digital transformation of business, and the resulting rise of the customer-centered economy , must inform every action your customer success team takes. Now more than ever, winbacks, upsells, renewals, referrals, and feedback cannot be passive items on a checklist. The best way to do that is through communication.

Customer centricity 79

Customer centricity SaaS Marketing Enterprise 79

Totango

JANUARY 17, 2019

Customer retention is vital to the health of your business. In order to run a successful enterprise, you have to think in terms of customer growth and expansion. The digital transformation of business has given customers more choices and greater freedom from long-term arrangements. Image courtesy: VadimGuzhva.

SaaS 74

SaaS Enterprise Customer retention Upselling 74

Totango

MARCH 26, 2019

And customers have raised their expectations, demanding products and services that can be customized to meet their specific desires. So, what are the most important elements that create customer success growth in this new economy? Increase Customer Retention. In the future, you may be able to offer them an upsell.

B2C 65

B2C Upselling B2B Education 65

ClientSuccess

JUNE 11, 2019

Do you want to negotiate large contract renewals, be a trusted advisor, or be a customer support representative? The Customer Success Job Spectrum. Renewal & Upsell Specialist – Role requires having upsell and retention revenue quotas. I’ll explore each of these roles below.

Upselling 40

Upselling Coaching Customer retention Metrics 40

ClientSuccess

JANUARY 10, 2018

In addition to the cost of recurring revenue each year, there’s also potential for loss of renewal income or upsell deals which are frequently excluded when calculating churn costs. The probability of upselling to an existing customer is around 65%, compared to the probability to selling to a new prospect which is only around 13%.

Upselling 40

Upselling SaaS Customer retention Metrics 40

Amity

FEBRUARY 24, 2016

For a limited time, we are offering an exclusive Customer Success Hero shirt to anyone who attends a public demo. • The Link Between Customer Success, Retention, and Upsells. In this classic, Lydia Hornick explains how you can turn repeat customers into your bestfriends.

Upselling 48

Upselling SaaS Best practices Customer retention 48

JustCall

DECEMBER 1, 2022

Some activity targets for sales reps to achieve the revenue target are as follows: Show a particular number of product demos in a week. Sales representatives should focus on arranging a meeting with the client/customer after making calls. Message potential customers on digital platforms every week. Key Takeaway.

Sales 52

Sales SaaS B2B B2C 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

JustCall

NOVEMBER 24, 2022

However, the sales reps need to be properly trained on the products using product demos, press releases, and documentation. Representatives must not only confirm that customers are receiving what they bought, but they must also play a role in transitioning customers to the team responsible for onboarding and customer success.

Sales 52

Sales B2B Surveys CRM 52

SmartKarrot

OCTOBER 31, 2022

Work with the Sigma support team to ensure that customer requests and escalations are resolved. Identify and achieve targets on renewal rates, customer satisfaction, expansions and upsells. Review customer usage analytics and identify customers at risk of churn.

Upselling 19

Upselling Best practices Coaching Engineering 19

Robert Davis

MARCH 2, 2017

RCDA’s focus is client-dependent and ranges from improving acquisition rates, improving customer retention and improving VOC and NPS to upselling and cross-selling products and services. Retention – Deployed an updated retention call flow and coaching model. This improved customer retention from 62% to 85%.

Call flow 48

Call flow Coaching Telecommunications Customer retention 48

Quiq

NOVEMBER 24, 2021

Creating positive emotions has a high impact on customer retention, but negative emotions have the opposite effect. According to the Zendesk Customer Experience Trends report, 50% of customers are likely to switch to a competitor after one bad experience. Build a culture of effective customer communication.

Chatbots 52

Chatbots Surveys Upselling Banking 52

JivoChat

JUNE 15, 2021

Pricing | Install on your Shopify store : The platform is free to install, with migration costs based on the total number of orders, products, customers, and blog posts. With Shopify’s upsell and cross-selling apps , you don’t need a live customer service rep to boost your sales. Used for: Post-purchase upsells.

Upselling 52

Upselling Analytics Sales Marketing 52

SmartKarrot

FEBRUARY 9, 2022

Have you ever heard a C-Suite executive say that he/she is okay with losing out on a few customers every month? The reason for that is customer retention is highly crucial for SaaS companies because – . Retaining a customer is a better thing to do than acquiring new ones. What is customer retention?

SaaS 10

SaaS Customer retention Upselling Benchmark 10

ChurnZero

JULY 19, 2022

For example, rather than calculating conversions for all customers, you can measure conversions for a specific customer segment or subscription tier. You can then determine whether you should invest more effort into upselling certain product features before or during the free trial period. Help free trial users succeed.

SaaS 52

SaaS Feedback Personalization Upselling 52

Totango

MAY 21, 2019

Not only are new customers expensive to win over, but loyal customers are more valuable in the long run. They trust your brand and are more likely to spread word-of-mouth advertising or accept an upsell. So, instead of always seeking new customers, focus on keeping existing customers happy and preventing churn.

Customer centricity 85

Customer centricity Education Upselling Advertising 85

SmartKarrot

MARCH 30, 2022

Customer success is a growing field. At the current rate of growth, it is imperative to choose a customer success platform that supports multiple activities, offers a range in customer retention strategies and accommodates complex structures. Upsell/ Cross-Sell Scenarios. Like what you are reading? contact-form-7].

Enterprise 10

Enterprise Upselling Automotive Accountability 10

Kapta Customer Success

OCTOBER 2, 2017

Key Account Management and customer success both focus on increasing revenues through upselling and cross-selling. You can gauge success from revenue growth, relationship growth, and customer retention. The differences in revenue generation are not as distinct as some other areas.

Accountability 40

Accountability Management B2C Upselling 40

SmartKarrot

AUGUST 26, 2021

Accurately forecast and achieve revenue goals by identifying upsell opportunities based on the needs of the customer or new production rollouts. Effectively articulate value propositions, create interest, and generate excitement through customer presentations. Develop, prepare, and nurture customers for advocacy.

Upselling 19

Upselling Accountability Education Best practices 19