Mon.Feb 28, 2022

article thumbnail

Your Step-by-Step Guide to Lowering Your Customer Churn Rate

Kapta Customer Success

Customer churn is an essential metric to track for any organization in any industry. It not only gives you insight as to when and why customers are leaving your organization, but it also helps inform future decisions you’ll make for your business. In this guide, we will cover every aspect of churn from what exactly it is, how to track it, how to reduce it, and how to manage churn.

Metrics 98
article thumbnail

5 Top Customer Service Articles of the Week 2-28-2022

ShepHyken

Each week I read many customer service and customer experience articles from various resources. Here are my top five picks from last week. I have added my comment about each article and would like to hear what you think too. It’s Time to Change How We Build Companies & Brands by Chris Malone. (Fidelum Partners) As the COVID-19 pandemic subsides, we need to change the way we think about and build companies, brands and customer relationships.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Talk to Your Agents about Negative Feedback

Nicereply

Negative feedback is a natural part of dealing with customers. Regardless of how well trained your team is, how customer-centric your processes are , or how much you want to delight your customers, negative feedback is bound to arise. Turning this feedback into growth and learning is what separates good customer service teams from great teams. Not only do customers feel heard when their opinions are acknowledged, but agents feel more engaged with their work and their performance improves over ti

Feedback 105
article thumbnail

Relationship building from seeds to forests: AnswerConnect’s February Tree-Planting Partner Forests Ontario

AnswerConnect

This month, AnswerConnect is proud to support Forests Ontario. Read how relationship building is at the core of Forests Ontario's operations, from selecting viable seeds to monitoring thriving forests. The post Relationship building from seeds to forests: AnswerConnect’s February Tree-Planting Partner Forests Ontario appeared first on AnswerConnect Blog.

95
article thumbnail

Reimagine Your Communications With A Unified Platform

Cut complexity and boost efficiency while empowering your customers with Nextiva's unified communications platform. Nextiva streamlines workflows and centralizes customer interactions, all while simplifying business collaboration, increasing productivity, and reducing employee burnout.

article thumbnail

Powerful ServiceNow SMS Integration: Why the Right SMS Service Will Improve CX

3CLogic

Receiving personalized service is non-negotiable for today’s customers. In fact, research from McKinsey & Company shows that 76% of customers are more likely to consider purchasing from companies that offer personalized interactions. It’s not enough to offer experiences that are merely personal, though — they also have to be convenient. Meeting these expectations is becoming increasingly challenging for contact centers that are facing high contact volumes.

More Trending

article thumbnail

10 Ways Bulk Rock Salt Suppliers Can Give Great Customer Service

CSM Magazine

When you are a bulk rock salt supplier, customer service is key. If you want to keep your customers happy and coming back for more, you need to provide impressive customer service. In this article, we will discuss ten ways that you can give great customer service to your customers! 1. Be available. The first way suppliers can give great customer service is by always being available.

article thumbnail

Putting your customer health scores to work

inSided

Welcome to another week of Burn the Churn ! This week, we’re starting a new phase of our Customer Health Challenge: endurance. We’ve been building up to this moment, setting our foundation and focusing on our core muscles. Now, it’s time to build our stamina and implement these tips consistently.

52
article thumbnail

IVR Phone Systems: Pricing, Comparison, and Benefits

LiveVox

Some of most customers’ least favorite parts of doing business with a company include calling them and being put on hold for long periods of time, ultra-sensitive voice response prompts set off by the neighbor’s dog barking, and getting routed to the wrong department after an hour of being on hold. The post IVR Phone Systems: Pricing, Comparison, and Benefits appeared first on Livevox.

article thumbnail

What is a good Net Retention Rate in SaaS?

CustomerSuccessBox

The net revenue retention rate which you may also state as the net retention rate in SaaS businesses is an indicator that depicts the profits and the revenue earned by the business. Ultimately, the purpose of generating revenue is what gets you in the business loop. Let’s look at some of the best net retention rate and how they are doing good at it.

SaaS 52
article thumbnail

The Verint Experience Index: Retail

Reports of the death of in-store shopping have been greatly exaggerated. This year’s retail survey found that more than 60 percent of consumers start and end their journey by visiting a store. Retail customers value price above everything, but the importance of other factors varies for different brands. In-store shopping is valued highly by grocery and home improvement customers Technology retail customers place less importance on in-store experiences – for them it only ranks sixth Digital exper

article thumbnail

Six Ways Deep Learning Is Changing the Way We Do Customer Service in 2022

CSM Magazine

Matt Payne of Width.ai takes a look at six deep learning based tools that are changing the way customer service is done in 2022. Providing efficient and quality customer service is one of the most important business practices you can do in the modern business world. Businesses are constantly working to improve the different areas where they interact with the exact people who push their business forward, and ensure that they feel important to the business.

article thumbnail

The detailed guide to the LAER model in Customer Success.

CustomerSuccessBox

Technology has radically changed the world. However, what has changed more radically is the way the technology is purchased and adopted by a customer. There are no longer significant upfront commitments but rather are made up of lower-cost subscriptions and value-added services. Undoubtedly, this change has crept into the Customer Success world as well.

article thumbnail

The Right Approach to Measure Product Stickiness

SmartKarrot

Every B2B SaaS company wants its product to have a good user engagement. But, a few of the companies are guilty of not conducting enough research to check whether the users find it interesting. Hence, ultimately the B2B product fails big in the market, and it ends up being a laughing stock in the eyes of your competitors. To avoid such a predicament, it is imperative to not only develop a great product but also ensure that users engage with that product effectively.

B2B 11
article thumbnail

Women of Influence: The Top 25 Innovative CX Leaders

Netomi

Women of Influence: 25 Innovative Customer Experience Leaders. As the COVID-19 pandemic disrupted many industries worldwide, customer experience proved to be more important than ever. From introducing cryptocurrency to the Latin America market, to offering a free learning online platform for students and playing a key role in the digital transformation of health services, these leaders are making waves in the CX space, and inspiring others along the way.

article thumbnail

Strategic CX: A Deep Dive into Voice of the Customer Insights for Clarity

Speaker: Nicholas Zeisler, CX Strategist & Fractional CXO

The first step in a successful Customer Experience endeavor (or for that matter, any business proposition) is to find out what’s wrong. If you can’t identify it, you can’t fix it! 💡 That’s where the Voice of the Customer (VoC) comes in. Today, far too many brands do VoC simply because that’s what they think they’re supposed to do; that’s what all their competitors do.

article thumbnail

Top 10 Tips for Creating a Successful B2B SaaS Podcast

SmartKarrot

Podcasts are the new hotcakes that attract listeners and stay with you forever. For B2B marketers, podcasts are the latest marketing tools that leverage multimedia content to educate and engage audiences. Businesses of all sizes – from startups to Fortune 500 companies – leverage podcasting to engage their target audiences. According to a recent LinkedIn study, podcasts are a useful and underutilized medium for B2B marketers.

B2B 10
article thumbnail

Feb 28 – Customer Success Jobs

SmartKarrot

Role: Director, Customer Success Location: Remote, United States Organization: Bidgely As a Director of Customer Success, you will be acquiring a deep understanding of the energy market and how Bidgely can play a disruptive role in creating a more energy-efficient future. Being a business owner balancing customer goals, revenue, and margin in both implementation and post-launch projects.