TechSee

APRIL 3, 2018

It is well known that the acquisition costs of converting new customers far outweigh the cost of maintaining current customers, further motivating companies to find and implement innovative customer retention strategies. Technology – key to successful customer retention strategies.

Customer retention 141

Customer retention Technology Analytics Technical Support 141

Totango

JANUARY 26, 2021

Read on to learn what churn is, how an attrition analysis can help you pinpoint why you’re losing customers, and what steps you can take to prevent customer churn. What Is Churn Rate and How Does It Relate to Customer Retention? Provide training materials that help customers get the value they expect out of your product.

Customer retention 89

Customer retention Sales Marketing Big data 89

Toister Performance Solutions

MAY 11, 2023

You've sent your team through customer service training. People seemed to like the training. Did the training really work? Those post-training surveys don't seem like enough. I've repeatedly used them to demonstrate the impact of customer service training to executives. Training satisfaction surveys.

Customer Service 87

Customer Service Surveys Best practices Customer retention 87

Lumoa

AUGUST 8, 2023

By understanding the key insights hidden within your survey data, you can address specific customer concerns, tailor your products and services to meet their needs and stay ahead of the competition. Unlocking the power of VoC feedback is vital to the success of any business. This feedback helps inform how they operate going forward.

Surveys 83

Surveys Feedback Banking Best practices 83

CustomerSuccessBox

MARCH 8, 2022

“Customer Retention” is kind of a buzzing word for the SaaS businesses on the digital platform. And to handle the tasks pertaining to customer retention, there is a Customer retention specialist who is also named as customer loyalty specialist. How do I become a good customer retention specialist?

Customer retention 52

Customer retention Accountability SaaS Education 52

aircall

JUNE 30, 2021

Many look to the company for ways to improve customer retention. Email: Ring’s Secret to Improve Customer Retention. For one thing, it sends new customers emails to share tips on properly setting up the product. However, Ring is not the only company to reap the rewards of its stellar customer retention strategies.

Customer retention 62

Customer retention Customer advocacy Wait times Brand ambassadors 62

Totango

JULY 11, 2019

Time and money that could have been saved—if you’d focused on customer retention. New customer acquisition costs a lot. To learn how much you’re spending, add up all of your sales and marketing expenses and divide that amount by the number of new customers won. Don’t pay it over and over to drum up one-time customers. .

Customer retention 63

Customer retention Advertising Upselling Feedback 63

Totango

JULY 11, 2019

Time and money that could have been saved—if you’d focused on customer retention. New customer acquisition costs a lot. To learn how much you’re spending, add up all of your sales and marketing expenses and divide that amount by the number of new customers won. Don’t pay it over and over to drum up one-time customers. .

Customer retention 61

Customer retention Advertising Upselling Feedback 61

Totango

AUGUST 29, 2019

When you retain a customer, you’ve won a valuable patron who will be far likelier to want future sales or try new products. . So, don’t focus solely on hunting up one-time customers. Apply a few key customer retention optimization strategies to build deep, lasting customer relationships.

Customer retention 87

Customer retention Customer centricity Sales Feedback 87

Nicereply

MAY 1, 2023

By actively pursuing these steps, businesses can create a more loyal customer base and reap the benefits of increased revenue. Businesses that offer incentives for referrals can encourage satisfied customers to promote their products or services, which increases revenue and reduces customer-acquisition costs.

Customer retention 59

Customer retention Feedback Customer centricity Chatbots 59

CustomerSuccessBox

APRIL 19, 2021

The real skill behind customer retention is helping customers achieve success. It would be great if you could rely directly on customer feedback to understand their satisfaction levels but more often than not these satisfaction surveys are lagging indicators. By then 50% of your customer base has already churned.

Customer retention 52

Customer retention SaaS APIs Metrics 52

CustomerSuccessBox

MAY 6, 2021

From the last couple of weeks, we’ve been writing about the importance of customer retention , key metrics to track and how Customer Success can help you drive retention, and whether your organization is ready to implement Customer success software. . Steps to implementing Customer Retention Software.

Customer retention 52

Customer retention SaaS Calibration Analytics 52

ShepHyken

JULY 26, 2021

What is Customer Retention? (+ 8 Customer Retention Strategies) by Madeleine Wilson. Business 2 Community) While customer acquisition, ratings and reviews, and social proof are the most externally visible success indicators for your brand, customer retention is an integral part of the health of your organization.

Customer Service 265

Customer Service Customer retention Contact Center Upselling 265

delighted

JANUARY 4, 2022

Now, every interaction with a customer is a two-way conversation; one where customers expect to be asked for their opinions – and listened to – in order for you to keep their business. Companies need to open up a dialogue to better understand their customers and that dialogue starts with asking for customer feedback.

Feedback 85

Feedback Surveys Customer effort Benchmark 85

CSM Magazine

DECEMBER 6, 2023

It also requires a well-trained team that understands the value of customer success and has the skills and knowledge to deliver it consistently. In this article, we will explore why investing in customer success training is a smart decision and the benefits it can bring to your business. Let’s get started! The result?

Upselling 52

Upselling SaaS Advertising Marketing 52

ShepHyken

AUGUST 24, 2021

It saves companies money, ensures customer retention, and encourages customers to spend more. – Customer Success is about continuously finding ways to add value and ensure that your customers are maximizing the features and benefits of products or services that they bought from you. .”

SaaS 353

SaaS Upselling Customer retention Feedback 353

aircall

JANUARY 30, 2017

Customer retention refers to how successfully a business manages to keep its paying customers. Customer retention means earning customers’ trust and repeated patronage. Why is customer retention so important? Customer retention and growth. Customer retention and churn.

Customer retention 76

Customer retention Education Self service Feedback 76

Solvvy

MAY 6, 2021

Thankfully, agents and support leaders have an ally – next-gen chatbot and automation platforms provide help agents and improve customer retention rate at the same time. By relying on customer support agents to do everything, workloads increase, handle times rise, and service quality can suffer. How does this work?

Customer retention 48

Customer retention Chatbots Customer Support outsourcing 48

SharpenCX

MAY 26, 2020

Organizations must wake up to the truth of the matter — remarkable customer service is a competitive advantage. Now, 89% of businesses compete on the customer experience they deliver — not just through the initial sale. Your customer service experience also plays a key role in customer retention strategies, too.

Contact Center 128

Contact Center Customer Service Coaching Customer Experience 128

ShepHyken

SEPTEMBER 7, 2020

Each week I read a number of customer service and customer experience articles from various resources. Winning means losing in the game of customer retention by Linda O’Grady. CMO) All too often retention is a blanket goal. ‘We My Comment: Feedback is crucial to the growth of your team members.

Construction 231

Construction Customer Service Feedback Customer retention 231

Global Response

FEBRUARY 26, 2024

Quality customer service matters; just look at the numbers: 83% of customers are more loyal to businesses that respond to and resolve their complaints. And by increasing customer retention by a mere 5%, companies raise their profits between 25% and 95%.

Call Center 62

Call Center Customer Service outsourcing CRM 62

CX Journey

DECEMBER 16, 2014

Want to know the secret to customer retention? I do sometimes find inspiration to write about both customer and employee experiences in the strangest ways, but that story got me thinking about this blog post that I needed to write about customer retention and how to keep customers coming back.

Customer retention 83

Customer retention Advertising Multichannel Metrics 83

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. Addressing increased vulnerability will take training…”. Adrian Travis.

Call Center 345

Call Center Contact Center Finance Consulting 345

AskNicely

AUGUST 17, 2018

And 23% of CEOs list customer service as one of their top three business priorities. Savvy CEOs understand that growth and employee engagement can be created by listening to customer feedback while following one guiding principle: Be customer obsessed. This creates an emotional bond between the customer and your brand.

Feedback 60

Feedback Customer centricity Surveys Employee engagement 60

ShepHyken

FEBRUARY 21, 2023

Customers who typically receive excellent customer service from you will be more willing to provide honest feedback when there is a problem or complaint because they trust that you will fix the problem. Seventy-four percent of customers would switch to a business that provides better customer service.

Customer Experience 171

Customer Experience Surveys Customer retention Customer Service 171

CCNG

JUNE 14, 2023

By empathizing with your customers, you can better identify their pain points and develop solutions that address their concerns. Actively listening to customer feedback and observing their behavior can provide valuable insights into their emotional needs and help you tailor your products, services, and communication strategies accordingly.

Customer Experience 195

Customer Experience Airlines CCNG Chief Customer Officer 195

Nicereply

MAY 2, 2019

It is every company’s responsibility to realize the difference that well-trained CS can make to its bottom line: financially, and reputation-wise. Since there aren’t any do-overs in life, the best way to get it right the first time is through customer service training. A track record of 3-5 years would be ideal.

Customer Service 85

Customer Service CRM Healthcare Feedback 85

CSM Practice

JUNE 19, 2019

At CSM Practice, we have empowered a number of high growth organizations at this strategic stage by improving their scalability while increasing their lower customer segment satisfaction using a customer-centric approach. Customer Success Training Plan. On-site Training or Online Training?

Education 67

Education SaaS Feedback Accountability 67

VocalCom

JUNE 10, 2019

Asking for customer feedback is a standard practice these days. Most often, customers receive quick surveys following a service interaction or purchase. But just what is the value of customer feedback in the long term? Here are six key benefits of customer feedback for your brand. Improved products.

Feedback 48

Feedback Contact center software Customer centricity Surveys 48

OctopusTech

APRIL 18, 2024

The efficient establishment of customer engagement is purposed for much more than mere conversation; rather, it builds key connections that raise customer satisfaction and loyalty. This approach demonstrates to customers that they are unique individuals; hence, your team can build meaningful relationships.

Call Center 62

Call Center Contact Center Telemarketing outsourcing 62

CrazyCall

DECEMBER 19, 2019

This one simple thing can go a long way in ensuring that you keep the customers you attract. Now, that’s not to say that you need to have a long training session to keep your sales team on the same page as marketing. Giving Constructive Feedback to Another Group of Workers. Set the frustration aside. Avoid pointing fingers.

Customer retention 66

Customer retention Sales Marketing Customer Service 66

ChurnZero

SEPTEMBER 8, 2022

The relationship between customer education and Customer Success. Customer education, or training, and Customer Success go hand-in-hand. There is a 12 percentage point increase in the median YOY product subscription growth rate when training is integrated into the Customer Success plan.

Education 98

Education Benchmark Customer retention Metrics 98

Horizon CX

APRIL 1, 2024

Customer journey mapping: The organization has a deep understanding of the customer journey and the touchpoints at which customers interact with the brand. Voice of the customer (VOC) program: The organization has a systematic process for collecting and analyzing customer feedback.

Journey mapping 52

Journey mapping Customer centricity Customer retention Feedback 52

Comm100

APRIL 22, 2024

High workloads, outdated or inadequate technological tools, and lack of adequate training are among the primary obstacles. These issues can cause burnout and reduce efficiency, negatively affecting customer service outcomes. Live chat systems provide a seamless communication channel for real-time customer interactions.

Chatbots 53

Chatbots Feedback Customer centricity Wait times 53

ShepHyken

OCTOBER 27, 2023

Offer Excellent Customer Support Customer service is a team sport , and providing prompt and helpful customer support is essential for a positive customer experience: Ensure your staff is well-trained to assist customers with any inquiries, technical issues, or requests Implement multiple channels of communication, such as phone, email, or chat support, (..)

Customer Experience 149

Customer Experience Feedback Customer centricity CRM 149

Education Services Group

OCTOBER 13, 2021

Customer Success is in the perfect position to gather customer feedback about your product. Is there a way for them to share feedback with your Product team? And, if CS does inform Product about a customer’s concerns or requests, does Product listen? The CSM product feedback cycle.

Feedback 52

Feedback Engineering Management Marketing 52

ShepHyken

FEBRUARY 18, 2024

Exploring Customer Loyalty and Retention by Vijay Iyer (Total Retail) Effective customer retention extends beyond product or service quality, emphasizing ongoing customer engagement post-purchase. While subscription models play a role, a crucial strategy involves identifying customer interests.

Customer Service 159

Customer Service Gamification Customer retention Customer Experience 159