ClientSuccess

MARCH 20, 2019

Over the next month, I will be writing about the customer success metrics that top organizations use to measure the performance of their customer success strategies and team execution. The metrics I will cover are applicable to customer success departments and also to your entire company. Financial Metrics.

Metrics 61

Metrics SaaS Customer advocacy Marketing 61

Playvox

FEBRUARY 13, 2023

With corporate budgets tightening, contact center leaders might be tempted to cut into your quality management funding. But quality management is a vital area of your business — it’s what ensures your customers get top-notch service. What Is A Quality Management Program? of their revenue due to bad experiences.

Contact Center 78

Contact Center Quality management Calibration Coaching 78

ClientSuccess

MAY 8, 2019

I’m excited to continue on with our blog series on customer success metrics. In our last post on this topic, we covered the top four categories of customer success metrics. The topic I will cover in this blog is on the top five customer success health metrics. Customer Success Health Metrics.

SaaS 59

SaaS Metrics Accountability industry standards 59

ClientSuccess

FEBRUARY 22, 2023

Customer success managers work with customers to identify and help them achieve their goals. 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.

First call resolution 70

First call resolution Best practices Upselling Education 70

ClientSuccess

JULY 20, 2021

The past year has highlighted precisely how critical current customers are to the success of SaaS organizations, thanks in large part to net retention rates. What is customer net retention? Customer net retention is the total number of customers who do not churn year over year. Want to learn more?

SaaS 69

SaaS Customer retention Upselling Accountability 69

Comm100

OCTOBER 8, 2016

Your customer retention is super important to your bottom line—after all, customer loyalty is well-known for being more valuable than customer acquisition. With stakes this high, it’s essential that you build a solid customer retention plan that can lead to long-term customer loyalty.

Customer retention 60

Customer retention Scripts Education Marketing 60

Babelforce

FEBRUARY 16, 2021

Unlike metrics like CSat or NPS , CLV relates directly to profitability (so it tends to be important to more people!). How to calculate Customer Lifetime Value. Use the equation illustrated below to calculate your Customer Lifetime Value: Why it matters to know your CLV. Reduce Customer Effort with good onboarding process.

Upselling 52

Upselling Customer retention Customer effort Metrics 52

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. Learn more about building customer loyalty in this ebook. Why Follow the Golden Rule?

Benchmark 80

Benchmark Upselling Education Best practices 80

ChurnZero

JANUARY 10, 2022

SaaS customer onboarding makes or breaks your customer retention. It has a long-lasting impact on your customer and deep ties to their likelihood to churn. For this reason, unlocking the optimal SaaS customer onboarding experience is invaluable. Manage Customer Outreach After Onboarding.

Best practices 98

Best practices SaaS Metrics Sales 98

BlueOcean

OCTOBER 6, 2020

For clients with complex care scenarios – whether that is enterprise customer success management or providing critical support direct to consumers – change is never taken lightly. What Service Level Metrics Are Most Relevant to Your Business Now? What should your outsourcer – and you – be measuring beyond those standard metrics?

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outsourcing Customer Care Metrics Contact Center 62

ClientSuccess

JANUARY 10, 2020

When it comes to dealing with customers, there are some situations that can be a little overwhelming for both a customer success manager and the customer in question. For CSMs and training managers, onboarding can often be chaotic, messy, and even frustrating. Rely on metrics to gauge success. .

Best practices 65

Best practices Metrics Feedback SaaS 65

ChurnZero

NOVEMBER 9, 2021

Most of us are aware that it costs less to retain existing customers than to acquire new ones. That means that higher customer retention means higher profits for your business. But what makes a customer leave, and what makes a customer want to stay? It’s vital to customer retention.

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SaaS Customer Experience Surveys Customer retention 97

Comm100

DECEMBER 19, 2017

Here is a detailed step-by-step guide to setting goals and strategizing for customer experience improvement. Free Download] 50 Customer Service Training Activities for Live Chat and Telephone Teams. The activities in this eBook can be great training materials to improve customer service or morale in your team.

Customer Experience 117

Customer Experience Morale Journey mapping Customer centricity 117

ClientSuccess

JANUARY 10, 2020

When it comes to dealing with customers, there are some situations that can be a little overwhelming for both a customer success manager and the customer in question. For CSMs and training managers, onboarding can often be chaotic, messy, and even frustrating. Rely on metrics to gauge success. .

Best practices 64

Best practices Metrics Feedback SaaS 64

Kapta Customer Success

OCTOBER 2, 2017

The terms Key Account Management and Customer Success are often used interchangeably within organizations. Key Account Management Versus Customer Success. The goals of both Key Account Management and customer success are to retain and build relationships with customers. Relevant Industries.

Accountability 40

Accountability Management B2C Upselling 40

Comm100

DECEMBER 14, 2017

Here are our steps you can use to build a management process which closes the loop and acts on customer feedback, all the while improving experiences for your customers. Free Download] 50 Customer Service Training Activities for Live Chat and Telephone Teams. Act to improve the change further. Identifying Goals.

Customer Experience 94

Customer Experience Metrics Morale Feedback 94

Babelforce

JANUARY 7, 2021

Customer Lifetime Value (CLV) is among the most valuable for two reasons: It gives you a snapshot of customer spending right now It sets your expectation for earnings into the future. All in one neat metric. Let’s start by getting on the same page – what exactly is Customer Lifetime Value? It’s cheap, it’s manageable. #9

Upselling 52

Upselling Airlines Contact Center Customer retention 52

ClientSuccess

DECEMBER 20, 2018

Article: 3 Customer Success Compensation Models. Performance Metrics. Just as every customer success team has different types of compensation guidelines, so too do these teams rely on different metrics to track and guide department, team, and individual success. Customer Retention Rate/Customer Churn Rate.

Journey mapping 49

Journey mapping SaaS Metrics Accountability 49

ChurnZero

NOVEMBER 9, 2021

Most of us are aware that it costs less to retain existing customers than to acquire new ones. That means that higher customer retention means higher profits for your business. But what makes a customer leave, and what makes a customer want to stay? It’s vital to customer retention.

SaaS 52

SaaS Customer Experience Surveys Customer retention 52

ChurnZero

JANUARY 15, 2021

As global, multibillion-dollar software and computing infrastructure companies transition to subscription-based models, they must work with their extensive channel partner networks to enable and deliver Customer Success to end customers. Bri Adams , Customer Success Team Lead, ChurnZero. Bigger budgets for Customer Success.

SaaS 52

SaaS Chief Customer Officer Metrics Education 52

NobelBiz

MAY 16, 2023

The infrastructure, software, and hardware are hosted and managed by a third-party service provider rather than being maintained on-site by the company. Cost Savings : By outsourcing the infrastructure and management of a contact center, businesses can significantly reduce their capital and operational expenses.

Contact Center 52

Contact Center Customer Service Interactive Voice Response contact center solutions 52

Playvox

SEPTEMBER 30, 2022

Your Customer Service Team Matters. Lilith Antunovic , customer experience manager at Rentman , found herself experiencing this issue throughout her career — so she set out to change the view of customer service teams within the community. And it misses the metric most executives jump to address: revenue.

Customer Support 67

Customer Support Contact Center Upselling Customer centricity 67

ChurnZero

FEBRUARY 7, 2020

Report trends for Customer Success: 34% annual growth for Customer Success Managers (CSMs) in 2018. 72% of Customer Success roles are in the Software & IT industry with other top hiring industries including Internet, Marketing, and Finance. This means a vigilant focus on growing customer retention and lifetime value.

SaaS 64

SaaS Transportation B2C Customer retention 64

SharpenCX

JUNE 10, 2021

Customer service isn’t a bad gig, but it does come with its stresses. So you, manager, have to highlight the good and acknowledge the bad. The hard work is worth it when you win back a customer or solve a problem that gets met with tears of joy. Both of which impact your customer outcomes in the long run.

Morale 67

Morale Call Center Contact Center Coaching 67

CSM Magazine

FEBRUARY 6, 2019

With the consumer journey now favouring omnichannel touchpoints, strategies must act on key metrics whilst still lowering the cost of every interaction. Call tracking makes it possible to monitor exactly which online marketing channels are driving phone calls and customers to your business. About the Author.

Customer Service 51

Customer Service Enterprise Sales Metrics 51

Babelforce

FEBRUARY 4, 2021

Get started with your (free) automation ebook. But self-service can do a lot for you – possibly more than you think… #1 Improved customer experience. Improved customer experience is the rising tide that raises all ships; you’ll see the positive benefits in everything from sales volumes to customer retention to NPS.

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Self service Customer Support Chatbots Interactive Voice Response 52

ChurnZero

JANUARY 10, 2020

While our 2020 Customer Success leaders watchlist below includes long-time Customer Success champions, we’re excited to see several prominent SaaS companies welcome their first-ever Chief Customer Officer to their C-suite roster—a promising sign for the unlimited potential of a career in Customer Success. .

Chief Customer Officer 52

Chief Customer Officer SaaS Customer retention Engineering 52

NobelBiz

MAY 16, 2023

The infrastructure, software, and hardware are hosted and managed by a third-party service provider rather than being maintained on-site by the company. Cost Savings : By outsourcing the infrastructure and management of a contact center, businesses can significantly reduce their capital and operational expenses.

Contact Center 40

Contact Center Customer Service Interactive Voice Response contact center solutions 40

ClientSuccess

NOVEMBER 26, 2018

We’ll just come out and say it: customer marketing conversations and campaigns aren’t always the smoothest for customer success teams, nor do they tend to foster winning retention statistics. Customer marketing if done right can have a positive impact on retention. The Four Fold Mission of Customer Success.

Marketing 56

Marketing Upselling SaaS Customer retention 56

ChurnZero

DECEMBER 20, 2019

Customer results will sell, not features. The winners in C S Management will align their business objectives to the customer’s desired outcomes and experiences. Making customers happy is no longer good enough. . . CS and Product work lockstep to meet customer needs and wants. .

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Chief Customer Officer Sales Customer centricity SaaS 80

SmartKarrot

JULY 16, 2020

And for doing that, you will have to pull off the best of retention strategies to hold on to the clients you worked so hard to convert. In this blog, we are going to delve into the reasons why retention is a critical step, some of the best metrics to use to calculate the retention. Why Retention is Critical.

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SaaS Metrics Customer retention Upselling 10

Nicereply

NOVEMBER 21, 2023

Strong NPS is the backbone of a thriving customer experience. Net Promoter Score is a measure of how positively your customers rate you and your products. This metric is predictive of how likely they are to repurchase from you in the future, which makes a good NPS score a strong indicator of future success and growth.

Surveys 59

Surveys B2B Feedback Education 59

PeopleMetrics

MAY 30, 2015

In customer experience management , those challenges can threaten how we relate to customers as people. As customer experience professionals , our job is to help them, so they’ll come back again. Because if we’re not helpful, then customers will look elsewhere.

Best practices 120

Best practices Customer Experience Journey mapping Feedback 120

Squelch

MAY 10, 2019

In order to encourage this long-term mindset, managers and executives must implement a set of metrics and incentives that align with this approach. This mission naturally requires customer success managers (CSMs) to take a more long-term approach that’s rooted in developing a genuine relationship with each customer.

Customer Experience 40

Customer Experience Average Handle Time Customer retention Metrics 40

ChurnZero

NOVEMBER 30, 2018

To dive into this topic we hosted a well attended webinar this week with Michael Redbord, who is the Vice President and General Manager of the Service Hub at HubSpot. Speaker: Michael Redbord, Vice President & General Manager, Service Hub, HubSpot. Q: What are your favorite metrics to track when it comes to Customer Success?

Customer Support 49

Customer Support SaaS Best practices Metrics 49

ChurnZero

SEPTEMBER 16, 2021

9 Customer Retention Strategies for SaaS. Higher retention rates can mean higher customer loyalty for your business, something that’s crucial for success, especially for SaaS. If you want to throw more fire behind your customer retention strategies , keep reading for some tips and tricks to keep them going strong.

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Customer retention SaaS Education Feedback 52

ClientSuccess

JULY 23, 2019

Welcome to our blog series CSM from the Trenches, a community for frontline Customer Success Managers (CSMs) that discusses trends, best practices, and advice for the frontline. Listening, questioning, and sparking dialogue has shifted how I interact with customers. What are their metrics? Ask about their goals.

Technology 44

Technology Chief Customer Officer Consulting Consulting 44