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Long-Term Business Success is Defined By Customer Retention

Anexa BPO

Because let’s face it – what is the point of acquiring new customers if you can’t keep them? We’ll say it again: customer retention. It directly impacts business revenue – in fact, a mere 5% increase in customer retention can increase revenue by 25-95%. Enter: the Customer Experience (CX).

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8 Tips to Improve Customer Retention

Quiq

It’s imperative to not let it happen by implementing an effective customer retention strategy to improve customer retention. Customer retention is the key to improving your business’ profitability. Customer retention can be one of the hardest things for companies to do.

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How Customer Success and Marketing Can Work Together to Increase Customer Retention

ClientSuccess

Vendors have been asking customers to speak for them at conferences or on webinars for decades, so this one isn’t new. But taking a creative approach here – aka having a customer and CSM co-present on the value of support during an onboarding exercise – can take your events to the next level.

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Top 5 Customer Service & CX Articles for the Week of August 7, 2023

ShepHyken

We kick off with an article that features a number of experts sharing their insights on how to spot and proactively manage problems, complaints, and anything the customer considers a “pain point.” Pay attention to number nine when they share my contribution to the list, which is to go through the Moment of Misery™ exercise.

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Four Steps to Increase Customer Retention

CSM Magazine

While it’s important to smile and be nice to customers, it’s a good idea to make sure that your internal systems are able to consistently perform at optimum levels. Do you want better customer retention? Customers are impacted by your internal processes. Customer communication points can be identified.

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6 Customer Retention Strategies that are Here to Stay

ClientSuccess

Increasing customer retention by 5% can increase profits by 25-95%. Around 89% of companies view customer experience as a key factor in driving customer loyalty and retention. Simply put, if you’re not retaining customers, you’re not moving forward, even if it may seem so. Shocker, right?

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15 Customer Retention Strategies for Long-Term Customer Loyalty

Comm100

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.