article thumbnail

The Psychology Behind Customer Retention and Loyalty

Experience Investigators by 360Connext

Are there customer feedback insights or reviews that express product quality concerns? What about customer call transcripts or support emails? Are there user experience issues you can address? Loyalty programs give customers a perceived return on their investment and reward them for their loyalty.

article thumbnail

9 Strategies to Improve Customer Retention Rate in 2023

SurveySensum

This shows the high cost of customer acquisition and how, at times, businesses fail to recoup their initial investment. In contrast, Company B chose to focus on retaining its existing customer base by introducing loyalty programs. So why not strengthen customer relationships with personalization?

Insiders

Sign Up for our Newsletter

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

article thumbnail

Why Great Service is a Trap That Will Ruin Your Business

Steve DiGioia

This could be anything from offering a wider range of products or services, providing a more convenient user experience, or delivering exceptional product quality. While providing great service may attract some customers, it can also be financially unsustainable for some businesses.

article thumbnail

How to Get In-Tune for Customer Experience Success

ClearAction

An out-of-tune piano or violin may be one of your most vibrant memories of a poor user experience. And so it is with every one of the groups in your company that is managing part of the end-to-end customer experience. 2 ClearAction Business-to-Business Customer Experience Management Best Practices Study , 2010-2013.

article thumbnail

The Essential Guide to Digital Customer Engagement

Ecrion

The first thing you should do is take a step back and imagine how your customer would have the ideal experience on your website and/or app. Viewing your business from your customers’ shoes will allow you to create the perfect touchpoints and optimize the user experience on your platform. Social Media.

article thumbnail

Survey as a Tool In Improving Retail Customer Experience

SurveySensum

Understand your customer’s expectations regarding personalized offers, rewards, loyalty programs, and customer service – these are important factors when it comes to customer retention. Touchpoints Post-purchase services, customer support, loyalty programs.

Retail 52
article thumbnail

Survey as a Tool In Improving Retail Customer Experience

SurveySensum

Understand your customer’s expectations regarding personalized offers, rewards, loyalty programs, and customer service – these are important factors when it comes to customer retention. Touchpoints Post-purchase services, customer support, loyalty programs.

Retail 52