article thumbnail

Top 3 Ways to Turn Customer Feedback into Customer Advocacy

AskNicely

Win New Customers — Leverage word-of-mouth marketing to build strong acquisition campaigns and create brand loyalty through real-time customer feedback. Increase Revenue — Loyal customers spend 67% more than new customers. Reduce Churn — Loyal customers stay with you longer. Lifetime Customer Value.

article thumbnail

Guest Post: 5 Lessons Your Customer Service Team Can Learn From Disney

ShepHyken

Disney can be considered the master of creating magical moments for the customers when it comes to delivering world-class customer experience. In this increasingly competitive global economy, Disney has emerged as a leader in creating lifetime customer relationships. Always Ask For Customer Feedback.

Insiders

Sign Up for our Newsletter

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

article thumbnail

What are the Benefits of Customer-Centricity?

Totango

This means the majority of customer revenue is now spread over months and years of recurring renewals rather than being captured in a single sales event. To cultivate customer lifetime value in this environment, you have to view customer relationships as the mutual pursuit of growth over time.

article thumbnail

Guest Blog: How Should You Grow and Sustain Your Customer Lifetime Value?

ShepHyken

It’s about going the extra mile to resolve customer problems. It’s about listening to customer feedback and actually implementing customer suggestions. In fact, the same source showed that 89% of consumers switched to another business after experiencing poor customer service. Conclusion.

Blog 107
article thumbnail

What Now? 3 Steps for Taking a Post-COVID Approach to FSI Customer Engagement

Bold360

Self-service tools fueled by artificial intelligence (AI) can recognize patterns in customer behavior, identify trending topics and even make data-driven predictions about future trends, thus prompting the creation of new KB assets to better address evolving customer demands. Empower your humans. The Clear Takeaway.

article thumbnail

Proactive Customer Success Strategies that will get You Ahead of the Game

Totango

By being proactive, you can anticipate what is going to happen next and deliver value that the customer may not even realize they need. . It is important to focus on the future because that’s where the bulk of lifetime customer value lies, for both you and your customer. Look Toward the Future.

article thumbnail

Customer Success and Upsells: How to Make the Most of Opportunities

Totango

Continually monitor customer health. Proactively engage customers with personalized campaigns. Such careful attention to the customer and a positive customer relationship will make this process simple and natural. Satisfaction Metrics: Any customer feedback on your product is gold.