Totango

MARCH 5, 2021

Customer retention is the lifeblood of any savvy enterprise. It’s the only way to be successful in this customer-centered economy and ensure scalable long-term revenue. To retain customers, companies must make the customer experience better and ensure customers never stop seeing value from their product or service.

Customer Retention 87

Customer Retention Net Promoter Score Measurement Loyalty Programs 87

Magellan Solutions

AUGUST 17, 2020

With all the advertisements people see on the internet every day, customers can easily jump from your brand to another if you don’t have strong customer retention strategies. . To make your business thrive, you need to take care of one of the most important assets — your customers. What is Customer Retention?

Customer Retention 52

Customer Retention Loyalty Exceptional Customer Service Loyalty Programs 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. Learn from Customers.

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Customer Retention Customer Success B2B Customers 63

ChurnZero

AUGUST 11, 2020

This is a guest blog post by Anita Toth, Chief Churn Crusher. . Did you know that 60% of SaaS companies reported a negative impact on customer retention and upsell deals due to the pandemic? Customer retention, along with new customer acquisition, has been challenging for most companies when the pandemic hit.

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Customer Retention Chief Customer Officer Customer Success Reference 97

Totango

FEBRUARY 10, 2021

A customer success strategy is a proactive plan for guiding your clients to outcomes that satisfy their needs. When your customers enjoy more value, your product adoption rates rise and customer retention rates go up. This promotes success for your company as well as your customers. Incorporate customer feedback.

Customer Retention 86

Customer Retention Customer Success Customer Journey Mapping Customer Journey 86

Totango

MAY 17, 2024

Economic pressures are compelling companies to rethink their strategies, with a heightened focus on both acquiring new business and nurturing existing customer relationships to drive revenue growth. Connect engagement to communications Record your calls! So, what can CS teams do today? Tools like Chorus and Gong.io

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Innovation Call Recording Government Customer Success 89

BirdEye

JULY 5, 2023

However, constantly acquiring new customers without investing in strategies to retain them can prove quite harmful to the bottom line. To first time customers turn into loyal customer, it is important to invest in building relationships with them. And that is done with relationship marketing.

Marketing 98

Marketing Social Media Loyalty Programs Customer Retention 98

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 Loyalty Loyalty Programs Social Media 60

Totango

JUNE 15, 2022

We’ve been here before, however, and we know that during uncertain times, protecting your customer base is the most important thing you can do for your business. Customer retention is the lifeblood of recurring revenue enterprises, no matter what the external economic circumstances may be.

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Customer Success Customer Relationships Communication Customer Retention 103

Ecrion

MARCH 24, 2021

Why Customer Communicating Is Important | Why Eliminate Weak Communication |. 13 Ways to Improve Customer Communication in Business. As business continues to grow and adapt to the challenges of a post-2020 world, so too does the landscape of how to reach your customers effectively. talk to an expert today.

Communication 52

Communication Social Media Customers Sales 52

CustomerSuccessBox

DECEMBER 4, 2018

That means the customer needs to renew their contract more than once. Without a high customer retention rate, a SaaS company will shut down, no matter how great the other metrics are. You may believe that if the customer does not have any problem, the customer will renew the contract.

Customer Retention 40

Customer Retention Customer Success Metrics Presentation 40

Win the Customer

JANUARY 19, 2016

Seventy percent of companies agree that retaining customers is cheaper than acquiring new ones, an Econsultancy report on cross-channel marketing found. Forty-nine percent find that building existing customer relationships brings a bigger return on investment than acquiring new customers. Improve Your Customer Experience.

Customer Retention 81

Customer Retention Return on Investment 2018 Customer Satisfaction 81

Experience Investigators by 360Connext

NOVEMBER 20, 2014

While with traditional enterprise sales the customer is paying for a one-off purchase that may or may not go hand-in-hand with an annual service fee, SaaS companies are constantly having to cultivate the customer relationship if they are to stay in business.

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Customer Experience Chief Customer Officer Events 2003 302

SurveySensum

JUNE 29, 2023

In a world where customer expectations are soaring, it’s essential to go beyond conventional marketing techniques and delve into the realm of customer satisfaction best practices. In this blog, we will explore 5 data-driven insights that successful marketing experts use to create remarkable customer experiences.

Customer Satisfaction 52

Customer Satisfaction Insights Marketing Exceptional Customer Service 52

Call Experts

APRIL 8, 2024

In today’s competitive market, where customer expectations are at an all-time high, businesses need to prioritize providing a seamless and personalized experience throughout the entire customer journey. The customer journey allows businesses to identify potential gaps or inconsistencies in their customer interactions.

Contact Center 52

Contact Center Customer Journey Call Center Touchpoint 52

ClientSuccess

JUNE 22, 2022

This overarching question made our team at ClientSuccess go back to the basics of customer success to determine what exactly goes into every customer relationship that ensures retention, satisfaction, and ongoing loyalty. Here is the tried and true recipe: trust + communication = customer loyalty.

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Loyalty Customer Relationships Customer Retention Webinar 52

BirdEye

APRIL 12, 2023

In today’s fast-paced business world, building and maintaining strong customer relationships is crucial for success. That’s where Customer Relationship Management (CRM) comes in. It can also automate various customer-facing processes, such as marketing campaigns, sales activities, and customer support.

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Customer Relationship Management Customer Relationships Social Media Sales 52

ClientSuccess

SEPTEMBER 26, 2019

By communicating with customers in a way that resonates with them specifically will help you earn their respect throughout the customer journey. Making an apology to customers after things go wrong is positively related to satisfaction with restoring the customer relationship. Who are you talking to?

Customer Retention 49

Customer Retention Net Promoter Score Metrics Customer Success 49

Kustomer

JUNE 7, 2023

Customers want to feel financially confident, including having trust in their financial institutions to work in their best interests, and they expect service to be streamlined and personalized. Although they are not in direct communication, these indirect experiences build an overall perception of the organization.

Financial 98

Financial Banking Social Media Customer Satisfaction 98

Win the Customer

DECEMBER 25, 2019

. “Social care” isn’t anything new, but providing effective multi-channel customer service that includes social care can be pose significant challenges for organizations big and small. YoY increase in customer retention. Social organizations also reported a drastically lower number of customer complaints.

Customer Service 115

Customer Service Social Media Multi-Channel Customer Care 115

Education Services Group

MARCH 15, 2023

Voice of the Customer (VoC) programs are extremely valuable for collecting customer feedback and deeper insights into the health of your customer relationships. Meaningfully closing the customer feedback loops is critical to the success of a VoC program. Externally, the customers were notified of the resolution.

Social Media 52

Social Media NPS Feedback Customer Success 52

SurveySensum

DECEMBER 6, 2023

But, here’s the thing – how do you ensure your garden is thriving? — Enter the Customer Health Score – the secret sauce that successful businesses swear by. It’s like a fitness tracker for your customer relationships, telling you when things are blooming or need a little extra care. With customer feedback !

Metrics 52

Metrics Customer Satisfaction Feedback Customer Relationships 52

Totango

JUNE 26, 2020

COVID-19’s effect on customer churn may have already begun, but there is still plenty you can do to increase customer engagement and retain the customers you have worked hard to win. Lean on Customer Data Segment Your Customers Be Proactive Communicators Be Flexible Revisit Goals and Success Points.

Customer Retention 93

Customer Retention Telecommunications Communication Customer Success 93

SurveySensum

JULY 11, 2023

Here’s how you can do it – Collect relevant customer data to understand their preferences and needs. Segment your customer base based on common characteristics or behaviors. Use customer persona to deliver personalized recommendations and offers. Tailor communication and messaging based on individual customer preferences.

Brands 83

Brands Customer Experience Rewards Programs Touchpoint 83

ClientSuccess

FEBRUARY 22, 2023

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. The success of customer success is typically measured by metrics such as customer retention rate, upsell/cross-sell revenue, and customer satisfaction scores.

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Customer Success Customer Satisfaction Customer Service Representative Webinar 70

Optimove

MARCH 26, 2024

KeyNote: Neil Hoyne , best-selling author of “Converted: The Data-Driven Way to Win Customers’ Hearts,” and Senior Fellow at the Wharton School and Chief Strategist at Google, shared his insight into how brands can create deep customer relationships. Discover which level you are on and how you can move up.

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2024 Connections 2025 Download 64

BirdEye

AUGUST 29, 2023

Satisfied customers grow brand loyalty, boost word-of-mouth recommendations, and significantly boost a business’s growth. But, keeping customers happy is becoming challenging in the constantly evolving competitive business landscape. Better your Business with Customer Feedback Want to see the impact of Birdeye on your business?

Customer Satisfaction 98

Customer Satisfaction Social Media Omnichannel Net Promoter Score 98

Beyond Philosophy

MARCH 10, 2015

Acknowledging your emotions is key to communicating with your customer. By being honest about how you feel about the mistake, you create a personal relationship that contributes to the Customer’s feelings of being important and “cared for.” It’s honest; it’s proactive, and it’s the best you can do in the situation.

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CEM Books Customer Retention Customer Experience Management 142

Optimove

MAY 25, 2023

Reader – if you’re not already doing so, it’s time to focus on decreasing churn, increasing retention, and optimizing the cross-sell to maximize customer lifetime value. Here’s why: Retention reigns supreme : Building strong, long-lasting customer relationships is the foundation of maximizing CLV.

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Multi-Channel Customer Journey Mapping Touchpoint Customer Retention 52

Optimove

OCTOBER 5, 2023

The results revealed that 54% of marketers have chosen to allocate more than half of their marketing budget to new customer acquisition. In contrast, only 13% have opted to invest over half of their budget in customer retention. Respondents emphasized the importance of quick response time in nurturing customer relationships.

Marketing 119

Marketing 2023 Loyalty Consumers 119

Totango

SEPTEMBER 6, 2022

The argument for having a QBR is that periodic meetings can help you and your customer make adjustments, allowing them to continue deriving value from their purchase and avoiding issues that could cause churn. For SaaS providers and customer success teams, this creates several benefits, including: Building customer relationships.

Events 107

Events Customer Success Measurement Customer Journey 107

Retently

FEBRUARY 9, 2024

Incorporating these dimensions into your customer feedback questionnaire offers a dual benefit. It provides actionable insights to improve customer service quality and communicates to your customers that you value their opinions and are committed to providing exceptional service.

Feedback 122

Feedback Net Promoter Score Customer Satisfaction Loyalty 122

Call Experts

JULY 13, 2023

In today’s competitive market, where customer expectations are at an all-time high, businesses need to prioritize providing a seamless and personalized experience throughout the entire customer journey. The customer journey allows businesses to identify potential gaps or inconsistencies in their customer interactions.

Contact Center 52

Contact Center Customer Journey Call Center Touchpoint 52

Totango

OCTOBER 6, 2020

How Customer Success Creates Value Using Data-Driven Measures. Customer success is vital to the success of an entire organization. Key things for customer success teams to concentrate on are personalized expansion opportunities, customer advocacy achievement, and churn prevention. . Personalized Expansion Opportunities.

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Customer Success Customers Measurement Communication 107

LiveChat

APRIL 10, 2017

Put simply: once you build a solid customer base, it’s essential that you shift your focus toward retaining customers and ensuring they remain loyal. 4 Main Tenets of Customer Retention. Each of the strategies we’ll discuss throughout this article fall under one of four main principles: Knowing your customers.

Customer Retention 28

Customer Retention Loyalty Programs Customers Social Media 28

ProProfs Chat

JUNE 5, 2020

More than that, only 1 in 26 unhappy customers will complain about what they don’t like about your service; the rest will churn. The more customers leave, the less your business grows. With customer retention being the primary driver of companies’ revenue, churn lowers your profits by far.

Customer Service 90

Customer Service Social Media Customers Customer Retention 90

ChurnZero

FEBRUARY 23, 2023

Further, additional sales with existing customers have a lower customer acquisition cost (CAC). That’s why ChurnZero believes customer retention and loyalty are the most important stages of customer lifecycle management. This blog post aims to help you with that. Our recommendations follow below.

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Management Customer Retention Net Promoter Score Loyalty 52