ProProfs Blog

JUNE 21, 2019

Do you have a customer retention strategy? Companies focus on customer acquisition strategies, since increasing your customer count is the lifeblood of your business. But, customer acquisition won’t help, if you are unable to retain customers. Understand Customer Retention.

Customer retention 95

Customer retention Sales Marketing Scripts 95

ProProfs Blog

APRIL 25, 2019

Well, one answer to that question is to make more sales, and no doubt that is important, another answer to that is customer retention. And what exactly is customer retention? No points for guessing, retain customers. Offer Customers Testimonials and Use Cases During the Sales Process.

Customer retention 99

Customer retention Gamification Surveys Feedback 99

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

ChurnZero

JULY 8, 2022

Oh, by the way, what’s your customer retention?” It was clear that, barring any wildly outlandish figures, customer retention wasn’t a dealbreaker in their decision to invest. Net revenue retention (NRR) is taking center stage as the qualifying metric for determining the health of a SaaS business.

SaaS 98

SaaS Metrics Customer retention Upselling 98

ProProfs Blog

JANUARY 7, 2022

To steer yourself towards success, it is essential to measure its product-market fit. Meaning: Whether there is a market demand for your product or not. Products whose value proposition satisfies the needs of a market and its potential customers are likely to experience success. But how do you measure product-market fit

Marketing 78

Marketing Surveys Customer retention Metrics 78

Global Response

DECEMBER 21, 2022

Did you know that a survey of marketing leaders revealed that 81% believe their brands compete mostly or solely on the basis of customer experience? Customer experiences are paramount in the modern consumer experience—so brands that can meet—and exceed—customer expectations have a major leg up against their competitors.

Feedback 62

Feedback Metrics Personalization Customer Experience 62

SharpenCX

JUNE 8, 2021

If your team can’t retain customers and establish long-term relationships that last, your entire company suffers the losses. According to research out of Bain & Company , increasing your customer retention rate by just 5% can increase profits anywhere from 25 to 95%. Customer acquisition on the other hand is costly.

Customer retention 76

Customer retention Coaching Employee engagement Contact Center 76

Voiptime

JANUARY 2, 2023

We all know that success starts from developing a great and competitive product that meets customer demands and expectations, then investing in marketing and advertising, and afterward implementing a customer experience and customer retention strategy to keep revenue on a stable level and get resources for further growth and development.

Metrics 40

Metrics Sales Advertising SaaS 40

ChurnZero

FEBRUARY 4, 2022

Customer Success Metrics that Your Investors and Board Care About. Have you ever wondered what your investors are looking for in board meetings? In this article, we share Kristen’s best advice on how you can use metrics to reframe your customer stories, so they’re primed for investor engagement. Board meetings.

Metrics 98

Metrics Consulting Consulting Best practices 98

Education Services Group

SEPTEMBER 15, 2020

You may be asking yourself ‘if this article is about marketing and I’m in Customer Success, why am I using my precious time to read it?’ It’s about gaining insight into customer engagement to understand how they’re interacting with your company. Each of these metrics is essentially the inverse of the other.

Metrics 52

Metrics Marketing Best practices Personalization 52

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

JivoChat

JULY 20, 2021

It’s a problem for many businesses, especially in competitive markets. People have a lot of options these days, so if you don’t have good customer retention strategies , your business won’t be as stable or profitable. It costs five times as much to win a new customer as it does to retain an existing one.

Customer retention 52

Customer retention Gamification Education Self service 52

Solvvy

SEPTEMBER 20, 2022

With more people using apps, web-based services, and fintech solutions, businesses must overcome the challenge of providing the best possible customer service to these new customers. What is a Customer Service Chatbot? In addition, talk to your customer support team agents on the front lines to learn about their pain points.

Chatbots 62

Chatbots Metrics Customer Support Customer Service 62

REVE Chat Blog

JANUARY 22, 2020

You can not persuade anyone to buy what you’re offering unless you understand what your customer needs. . Understanding what customer wants should be the focal point of every business and meeting their needs will build a solid customer base. You can have different USPs for different types of customers.

Construction 108

Construction Feedback Customer centricity Surveys 108

delighted

JANUARY 20, 2022

In this article, we will discuss the most common measurements of customer satisfaction, how this data is collected, and why these metrics matter to the success of a company. Online customer reviews. This one may seem obvious, but it’s one of the most important measurements of customer satisfaction. Churn rate. Conclusion.

Metrics 52

Metrics Customer retention B2B Surveys 52

Balto

NOVEMBER 8, 2022

There are many metrics and KPIs (Key Performance Indicators) that give you insights into agent productivity, customer satisfaction, and employee satisfaction. These metrics can significantly improve your decision-making process and make your agents and customers happier. Key Metrics for Measuring Agent Performance.

Metrics 52

Metrics Call Center Abandon rate Average Handle Time 52

JivoChat

NOVEMBER 22, 2021

Do you have a Software as Service (Saas) company and haven’t developed any marketing strategies yet? SaaS content marketing is an important part of conquering visibility and showing the importance of your service. . The importance of SaaS Content Marketing? What is Content Marketing?

SaaS 52

SaaS Marketing B2B Metrics 52

ClientSuccess

SEPTEMBER 26, 2019

But gaining new customers is a hard process, costing about five times as much as retaining an existing customer. . That’s one of the reasons why so many businesses focus on retaining the customers they’ve already gained. But how do you keep your existing customers coming back for more?

Customer retention 49

Customer retention Metrics SaaS Upselling 49

Calltools

FEBRUARY 2, 2022

Call centers need KPIs to measure the productivity of their agents, identify areas for improvement, and determine whether they are meeting the company goals. But which agent KPI metrics should you focus on? Calls per agent is one of the most fundamental agent KPI metrics. Improved feedback from satisfied customers.

Call Center 52

Call Center Metrics Average Handle Time First call resolution 52

CSM Magazine

MAY 4, 2021

Digital marketing is on a continuous rise. So are the customers’ expectations regarding the personalization of digital interactions aimed at their needs. Ninety-eight percent of marketing officials are now merging traditional marketing efforts with digital tactics to meet these expectations.

Marketing 52

Marketing Metrics Advertising Chatbots 52

Fonolo

DECEMBER 6, 2022

As leaders and managers, you need to get down and dirty with metrics, KPIs, and agent performance to run a successful contact center. When you develop your contact center, you create opportunities for more sales, customer satisfaction, and workplace efficiency. . 3 Establish Call Center Metrics and Improve KPIs .

Contact Center 142

Contact Center Call Center call center software Abandon rate 142

Monet Software

JULY 30, 2019

How well agents perform their jobs, and how well they adhere to company policies and procedures has a direct impact on KPIs and other critical metrics. In addition, speech analytics can help boost sales (by identifying which approaches are having the greatest success) and boosting customer retention.

Analytics 48

Analytics Call Center Metrics Average Handle Time 48

C3Centricity

APRIL 2, 2018

What’s your gut response to the title question about eliminating Market Research Departments? Yes, if it is the traditional market research department. Who better than market research to help in its analysis? In the GRBN report, they mention the largest barriers to the measurement of the ROI of market research and insight.

Marketing 70

Marketing Metrics Customer centricity Best practices 70

ChurnZero

FEBRUARY 23, 2023

That’s why ChurnZero believes customer retention and loyalty are the most important stages of customer lifecycle management. For example, Forrester says just “11% of B2B decision-makers” say metrics for customer retention and loyalty are tracked by marketing leaders. Our recommendations follow below.

Management 52

Management Customer retention Upselling Chief Customer Officer 52

ChurnZero

FEBRUARY 23, 2023

That’s why ChurnZero believes customer retention and loyalty are the most important stages of customer lifecycle management. For example, Forrester says just “11% of B2B decision-makers” say metrics for customer retention and loyalty are tracked by marketing leaders. Our recommendations follow below.

Management 52

Management Customer retention Upselling Chief Customer Officer 52

Anexa BPO

JANUARY 27, 2023

As businesses continue to focus on delivering exceptional customer service, it has become more important than ever to keep track of key metrics to evaluate the effectiveness of customer service teams. In today’s world, where consumers expect immediate answers, it’s essential to respond quickly to customer inquiries.

Average Handle Time 52

Average Handle Time Customer retention Metrics outsourcing 52

Call Experts

SEPTEMBER 15, 2022

Especially if you are new to outsourcing customer support, it is essential to understand the benefits of a solution like a 24-hour customer service number or after-hours support. . Improve Customer Retention. One of the most common mistakes companies make is ignoring the importance of customer retention.

Customer Service 52

Customer Service Average Handle Time Customer retention Metrics 52

Education Services Group

OCTOBER 22, 2019

There are a ton of resources you can take advantage of in order to set up a Customer Success department, but one of the most useful resources is right there in your own building: your marketing department. Aside from you, no one else knows your customers like your marketing team does. Talk About Key Metrics.

Marketing 49

Marketing Education Upselling Customer advocacy 49

NobelBiz

NOVEMBER 13, 2023

Satisfied customers are more likely to stay loyal and continue their relationship with the brand, leading to a higher customer retention rate and, ultimately, sustained revenue growth. It is a metric that calculates the total net gains created by your customers during their business interactions with your call center.

Customer Experience 111

Customer Experience Contact Center Call Center Revenue potential 111

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.

Marketing 56

Marketing Upselling SaaS Customer retention 56

BlueOcean

OCTOBER 4, 2023

Likewise, we know that offering live agent support for Spanish consumers is a competitive advantage in many markets in the U.S. Finding a partner who has a proven track record of attracting, training, engaging, and retaining agents in the language of your high-volume customer demographics is going to be the top priority of your RFP process.

Customer Support 124

Customer Support Bilingual agents outsourcing Contact Center 124

Lumoa

NOVEMBER 29, 2021

Will it positively impact our market share? If you improve the availability of customer support agents, you certainly know how much it is going to cost. But will it improve the customer experience in a way that also has a positive impact on our business? But the linkage to market share is somewhat complex.

Customer Experience 103

Customer Experience Metrics Feedback Banking 103

Global Response

MARCH 13, 2024

Challenge #1: Understanding customer needs and expectations One of the primary challenges businesses face is understanding customers’ evolving needs and expectations. As customer behavior and preferences change, businesses must adapt quickly to meet these expectations. A growing business is a sign of success.

outsourcing 62

outsourcing Best practices Feedback Customer retention 62

NobelBiz

APRIL 30, 2024

This personalized approach makes customers feel recognized and valued, which can enhance loyalty and satisfaction. For example, AI can suggest customized product recommendations or service adjustments that meet the individual’s unique requirements.

Call Center 105

Call Center Chatbots Virtual Agent Contact Center 105

NobelBiz

APRIL 30, 2024

This personalized approach makes customers feel recognized and valued, which can enhance loyalty and satisfaction. For example, AI can suggest customized product recommendations or service adjustments that meet the individual’s unique requirements.

Call Center 104

Call Center Chatbots Virtual Agent Contact Center 104

Lumoa

FEBRUARY 2, 2023

A positive experience builds loyalty and trust, increases sales, and improves customer satisfaction. A bad CX can motivate customers to abandon the brand altogether. The retail market is insanely competitive today. Understanding customer experience is essential for businesses to thrive for the long haul.

Customer Experience 94

Customer Experience Chatbots Surveys Journey mapping 94

TechSee

JUNE 16, 2022

This list is an homage to the business leaders and influencers pushing the envelope when it comes to innovation in customer experience. Eric Esguerra, Vice President, Customer Service & Operations at Miele Canada Ltd. Jim Iyoob, Chief Customer Officer at Etech Global Services. Follow on LinkedIn. Follow on LinkedIn.

Customer Service 251

Customer Service Chief Customer Officer Contact Center Consulting 251