Storyminers

JULY 29, 2016

We decided to ask experts one question: What is your most effective customer retention strategy for B2C brands? . VP of Customer Experience, Compellon. The most effective customer retention strategy is to focus, well, on retention. My number one customer retention strategy is talking to your customers.

B2C 49

B2C Customer Retention Brands Social Media 49

RapportBoost

DECEMBER 10, 2018

According to research from Aberdeen, companies who provided an Omni-channel customer experience achieve a 91% higher year-over-year increase in customer retention, compared to organizations who don’t. There are many channels and customers often have strong preferences. Why does this matter to us? Nate: Thanks everybody.

Contact Center 40

Contact Center Customer Centricity Multi-Channel Webinar 40

Second to None

AUGUST 9, 2018

Because they were basically the only option for customers, many cable providers managed to maintain consistent profit levels and customer retention rates even though their customer service and satisfaction scores were increasingly dropping. One recent example happened in the telecommunications industry.

Net Promoter Score 63

Net Promoter Score Telecommunications Voice of Customer NPS 63

PeopleMetrics

FEBRUARY 25, 2022

Customer experience (CX) has become an essential cornerstone of modern business strategy. It helps you improve customer retention rates, efficiently focus on your highest-impact customers, and continually improve your services. But what is customer experience? Voice of Customer (VoC) or customer listening.

Customer Experience 71

Customer Experience Net Promoter Score Touchpoint Customer Journey Mapping 71

Lumoa

AUGUST 8, 2023

So, if you’re ready to transform your customer feedback into a driving force for positive change, dive into this article and learn how to make the most of your customer surveys! Customers are an integral part of any business’s success. This shows the tangible, bottom-line benefits of listening to your customers.

Feedback 83

Feedback Net Promoter Score NPS Customer Satisfaction 83

Second to None

JULY 26, 2018

The same way that your organization strives to provide service throughout the customer journey, so too should the vendors that your organization partners with. It is common for vendors to offer programs like mystery shopping or voice of customer survey collection at a relatively low rate, but like in any industry, you get what you pay for.

Insights 54

Insights Voice of Customer Brands Customer Centricity 54

ChurnZero

APRIL 12, 2019

Customer-centricity is a term that gets bounced around a lot, but what does it really mean? And even more, what can Customer Success teams do to contribute to their organization’s Customer Experience (CX) evolution? During this webcast we also learned: The key aspects of customer-centric business practices (e.g.

Customer Centricity 14

Customer Centricity Customer Success Net Promoter Score B2B 14

SurveySparrow

MARCH 21, 2022

They have become instrumental in directing your business towards success, directly from the people who matter to you- your customers. Voice of Customer Survey Vs. Voice of Customer Program. Why do you need a Voice of Customer Survey? That’s precisely where voice of customer surveys comes in handy.

Net Promoter Score 52

Net Promoter Score Voice of Customer Social Media Feedback 52

Second to None

APRIL 19, 2018

According to DataMentors , businesses that do adopt omnichannel strategies have been shown to achieve 91% greater year-over-year customer retention rates, a key signifier of a great Customer Experience.[2]. Second To None empowers customer-centric brands to deliver consistent, intentional and authentic consumer experiences.

Customer Experience 54

Customer Experience Omnichannel Voice of Customer Measurement 54

Wootric

DECEMBER 8, 2019

At a time when customer retention is the name of the game, Customer Effort Score has gained ground as a CX metric for good reason. Research indicates that when evaluating customer interactions with a product or service, Customer Effort Score, more than CSAT, or even NPS, is the strongest predictor of customer loyalty.

Effort Score 59

Effort Score Net Promoter Score Metrics Healthcare 59

ShepHyken

FEBRUARY 16, 2018

While there is a considerable investment necessary to complete these research projects, some of the insights collected can have a direct impact on your brand identity and experience, thus impacting customer retention and satisfaction rates.

Blog 86

Blog Measurement Customer Centricity Article 86

Lumoa

JANUARY 19, 2023

Whether your company is using the Balanced Scorecard , OKRs (Objectives and Key Results), SMART , or simple KPIs , this will help you align the work of your future customer experience department to goals everyone in the company cares about. And it will make it easier to build strong relationships and a strong culture of customer centricity.

Customer Experience 94

Customer Experience Net Promoter Score Metrics NPS 94

ChurnZero

MARCH 29, 2019

Checking in on customer service objectives? Focusing on customer retention? How Customer Success Can Catalyze Customer-Centric Change. organizational accountability for customer experience, Voice of Customer feedback loops), with examples of best practices. Upcoming Webinar.

B2B 73

B2B Net Promoter Score Customer Centricity Webinar 73

Second to None

APRIL 4, 2018

Creating loyalty amongst your target customers serves a challenge for brands in any industry, and ultimately, those organizations that do inspire customers to return to their brand are positioning themselves for continued success.

Retail 54

Retail 2017 2018 Voice of Customer 54

PeopleMetrics

DECEMBER 12, 2017

Typically leveraged by Sales & Marketing teams, CRMs help to centralize the management of leads and improve customer relationships with ultimate objective of driving customer retention and sales growth. System Harmony.

CEM 84

CEM Customer Relationship Management Customer Relationships Customer Experience Management 84

Second to None

SEPTEMBER 5, 2018

This approach is omnipresent in the national chain restaurant and retail industries, because brand consistency plays such an important role in establishing a high customer retention rate. Second To None empowers customer-centric brands to deliver consistent, intentional and authentic consumer experiences.

Retail 59

Retail Brands Leadership Consumers 59

Second to None

MARCH 29, 2018

In the modern landscape, organizations with an inconsistent omnichannel strategy have subpar retention levels hovering around 33%. Meanwhile, effective omnichannel engagement leads to brands retaining an excellent 89% of existing customers.[5] 2,4 [link]. 3 [link].

Omnichannel 69

Omnichannel Social Media Brands Customer Relationships 69

ClearAction

DECEMBER 14, 2017

Customer advocacy — word-of-mouth promotion (buzz marketing) of a brand by enamored customers. Customer lifetime value (CLV) — profitability of customers’ cumulative purchases. Customer retention — efforts to extend a customer’s duration of ongoing purchases.

Customer Care 66

Customer Care CEM Customer Experience Net Promoter Score 66

Second to None

MARCH 28, 2018

Encouraging excellent relationships with customers can be a significant differentiator across almost every industry. Customer retention is a key signifier of a high-performance CX platform, and your brand’s ability to provide the unique value desired by your target customers.

Net Promoter Score 59

Net Promoter Score NPS Voice of Customer Customers 59

ClearAction

DECEMBER 14, 2017

Customer advocacy — word-of-mouth promotion (buzz marketing) of a brand by enamored customers. Customer lifetime value (CLV) — profitability of customers’ cumulative purchases. Customer retention — efforts to extend a customer’s duration of ongoing purchases.

Customer Care 59

Customer Care CEM Customer Experience Net Promoter Score 59

ChurnZero

APRIL 5, 2019

How Customer Success Can Catalyze Customer-Centric Change. Customer-centricity is a term that gets bounced around, but what does this really mean and how can customer success teams contribute to their organization’s CX evolution? Speaker: Julia Ahlfeldt, Certified Customer Experience Professional.

Customer Success 40

Customer Success Customer Centricity Leadership Webinar 40

Second to None

MARCH 14, 2018

According to Aspect, businesses with omnichannel strategies enjoy customer retention rates 91 percent higher than their competitors. Bring the content to the customer on every channel possible by using event information and content to personalize the experience and keep prospects moving down the funnel.

ROI 54

ROI Events Social Media Return on Investment 54

Second to None

FEBRUARY 28, 2019

While the initial cost of investing in CX improvements can deter businesses from taking the leap, it will ultimately pay off as customer retention and loyalty are increased. It costs less to retain existing customers than to acquire new ones, rendering a CX investment a cost-efficient decision. 1] [link]. [2] 2] [link]. [3]

ROI 54

ROI 2007 2018 2019 54

Customer Alignment

OCTOBER 2, 2017

Armed with an intrinsic belief in the business value of Customer Experience excellence, they’re putting the funding, processes, and strategy in place to overcome these hurdles. As a result, these leading-edge companies perform substantially better across the whole range of business measures, from profitability to customer retention rate.”

Customer Experience 40

Customer Experience Customer Centricity Customer Journey Voice of Customer 40

Second to None

FEBRUARY 28, 2019

While the initial cost of investing in CX improvements can deter businesses from taking the leap, it will ultimately pay off as customer retention and loyalty are increased. It costs less to retain existing customers than to acquire new ones, rendering a CX investment a cost-efficient decision. 1] [link]. [2] 2] [link]. [3]

ROI 48

ROI 2007 2018 2019 48

Second to None

APRIL 2, 2018

Establishing a level of Customer Experience performance that contributes to high retention rates will ultimately be the differentiator between your brand and the competition. By nurturing your existing customers, you increase their lifetime value to your company — and develop a strong brand reputation in the process.”

Omnichannel 54

Omnichannel Brands Voice of Customer Customers 54

Second to None

MARCH 7, 2018

The ability to curate high levels of customer engagement can help brands to increase their customer retention rate, which can have a direct impact on overall profitability. ” Second To None empowers customer-centric brands to deliver consistent, intentional and authentic consumer experiences.

Customer Engagement 54

Customer Engagement Engagement Voice of Customer Brands 54

Thematic

MAY 19, 2022

It results in better products and services, as well as improved customer satisfaction and retention. What is a Voice of Customer (VOC) program? A Voice of the Customer program is the process of identifying, analyzing and acting on insights into your customers' preferences, expectations, and dislikes.

Net Promoter Score 71

Net Promoter Score Feedback E-support Insights 71

Amity

APRIL 25, 2016

CEO - C hief Customer Office Council. Curtis founded the Chief Customer Officer Council™, the first peer-led advisory group for CCOs. The Council has helped its members create customer-centric cultures as well as drive profitable customer engagement. Kia is a pioneer in the field of Customer Experience.

Customer Success 96

Customer Success Chief Customer Officer Consulting Blog 96

SurveySensum

JULY 6, 2023

Yet, despite these efforts, you notice a decrease in sales and declining customer loyalty. Even as a retail giant , Reliance Trends struggles with customer retention. Here’s an eye-opening statistic – ‘78% of customers have backed out of purchase due to a poor customer experience’- Glance, Counting the Customer.

Customer Satisfaction 52

Customer Satisfaction Retail Marketing Social Media 52

SurveySensum

JULY 6, 2023

Yet, despite these efforts, you notice a decrease in sales and declining customer loyalty. Even as a retail giant, Reliance Trends struggles with customer retention. Here’s an eye-opening statistic – ‘78% of customers have backed out of purchase due to a poor customer experience’- Glance, Counting the Customer.

Customer Satisfaction 52

Customer Satisfaction Retail Marketing Social Media 52

SmartKarrot

MARCH 8, 2022

Focused on customer happiness, Anika is passionate about developing and maintaining good relationships with customers. She has helped several companies grow and scale their business by developing streamlined customer success processes and successful customer retention strategies. Anita Toth. Annette Franz.

2022 21

2022 Customer Success Chief Customer Officer Customer Centricity 21

Lumoa

FEBRUARY 9, 2023

The focus on enhancing customer experience has gained traction in recent years. As businesses recognize its value, the shift from a product-centered approach to a customer-centric one continues. Actionability is also, as we believe, one of the essential aspects of customer experience management.

Definition 178

Definition Net Promoter Score Customer Experience B2C 178

Qualtrics

OCTOBER 23, 2019

As we move further into an economy driven by experience, companies must actively manage key experiences for their customers and their employees. This is why organizations are investing more resources than ever into initiatives like, Voice of Customer , Employee Engagement , User Experience, and Brand Management.

Download 30

Download Consulting 2019 ROI 30

Totango

DECEMBER 10, 2019

When you make customer retention for B2B business models a priority, you’ll not only save money on acquisition costs; you’ll also unlock the growth potential of your existing customer base. Let’s explore why customer retention for B2B is so important and how you can make it happen. Retain Customers for Life.

Customer Retention 64

Customer Retention B2B Voice of Customer Metrics 64

SurveySensum

NOVEMBER 11, 2021

Promoter.io , a perfect Qualtrics competitor, is actionable customer feedback and predictive experience management software. It is the most comprehensive customer intelligence & engagement platform built to drive growth and customer retention. Again, you have a free alternative to Qualtrics here. .

2021 52

2021 Multi-Channel Touchpoint NPS 52

SmartKarrot

FEBRUARY 25, 2022

Chief customer officers are finding a place on the executive board of some top companies. This is an effort to become more customer-centric and remove internal silos and barriers that lead to fragmented performances. The CCO is more of a voice of the customer in all company decisions.

Chief Customer Officer 10

Chief Customer Officer Marketing Customer Centricity Touchpoint 10