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9 Strategies to Improve Customer Retention Rate in 2023

SurveySensum

This strategic move resulted in doubling their business, showcasing the power of leveraging customer retention to drive growth. Well, acquiring new customers can costs you five times more than keeping the ones you have. So, customer retention is indeed crucial. What is the Customer Retention Rate?

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How to create loyal customers and brand evangelists in the travel and hospitality industry

Up Your Service

Our previous blog post demonstrated the power of customer voice in an unsolicited book review from a technology industry guru. This post makes the same point, but for the travel and hospitality – one of the most traditional “service” industries on the planet. The rise of white-glove customer service.

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Guest Post: 5 Strategies to Enhance Customer Loyalty and Retention

ShepHyken

He shares five practical strategies businesses can use to increase customer retention rates. These retention strategies will build your company a community of happy customers. Make customers feel special Keeping customers happy and loved is a sure-fire way of increasing customer retention.

Loyalty 66
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Amazing Business Radio: Sam Cummings

ShepHyken

Customer Support Vs Customer Success. Building Customer Relationships After the Deal is Closed. Shep Hyken interviews Sam Cummings, award-winning Customer Success Manager, Data Scientist, and co-founder of Data Plant. Top Takeaways: What is the difference between customer support and customer success?

Travel 62
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11 steps to create a customer referral program and examples

BirdEye

So, a well-executed customer referral program can be a powerful and cost-effective marketing strategy to attract new customers and improve customer retention rates. Customer referrals can also boost your credibility, optimize your sales cycle, and keep high-value customers engaged.

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Dialing Up Profits: How Cross-Selling and Retention Strategies Drive Telecom Success

Optimove

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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4 Ways to Provide Personalized Customer Service

Kayako

eMarketer estimates that by 2024 almost 20% of total retail sales will be via eCommerce, and that estimate does not include travel and event ticketing or restaurant food delivery. The challenge for brands is ensuring that customer relationship management doesn’t suffer as online spending becomes the norm.