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5 Secrets that Customer Retention Specialists Don’t Want You to Know!

SmartKarrot

It is becoming ever more expensive to acquire a new customer because of more and more competition in marketing your company, hence a churn of even a smaller percentage of existing customers is seen as a major loss when observed from the point of view of a customer’s lifetime value. Align Your Organization Towards Customer Retention .

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46 Customer Experience Pros Share the Biggest Mistakes Companies Make in Evaluating and Purchasing Customer Experience Software

Bold360

CX software aids companies in offering more personalized experiences and more accessible customer service through self-service functionality and rich support portals that grow and evolve with the business to adapt readily to customers’ needs, helps to reduce lengthy wait times when customers contact call centers, and much more. Anna Morrish.

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Expansion Revenue Management: The Final Frontier for Mature Customer Success / Account Management Teams

SmartKarrot

However, many companies have different strategies and approaches when it comes to who should own/lead account expansion and how involved CSMs should be. What do you mean by the term expansion revenue in B2B SaaS? In essence, your current customers spend more than they did the previous month.