article thumbnail

Decrease Customer Churn Rates for Good

GetFeedback

And a study by Temkin Group concluded that loyal customers are 5x as likely to repurchase, 5x as likely to forgive, 4x as likely to refer, and 7x as likely to try a new offering. Identify Your Detractors with Net Promoter Score ® (NPS ® ). Measuring your NPS score will give you a clear view of your current state of customer loyalty.

article thumbnail

4 Metrics for Measuring Live Chat Success

GetFeedback

Again, that’s for companies that have deployed a live chat feature for at least two years, so if you’re fairly new to the live chat game consider it a reference point for the future. Live chat metric #4: customer effort score (CES). A customer effort score focuses on the process customers go through to get help.

Metrics 186
Insiders

Sign Up for our Newsletter

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

article thumbnail

The Complete Retail Customer Experience Guide

InMoment XI

In-Store Events and Promotions Organize in-store events, promotions, or exclusive sales to create a sense of excitement and urgency. Regularly tracking CSAT scores helps in identifying trends and areas for improvement. References Trustmary. Schedule a demo to see for yourself today! Access 1/3/2024.

Retail 260
article thumbnail

How to Systematically Decrease Customer Churn

GetFeedback

One Temkin Group study concluded that loyal customers are 5x as likely to repurchase , 5x as likely to forgive, 4x as likely to refer, and 7x as likely to try a new offering. Once someone has made it through the sales touchpoint of their customer journey, your company can trigger a win-loss survey to be sent to them.

article thumbnail

An Article On Customer Experience That Actually Makes Sense

GetFeedback

There is an array of metrics to choose from, but three that you will see come up time and time again are Net Promoter Score (NPS) , Customer Effort Score (CES) , and Customer Satisfaction Score (CSAT). You can prove an increase in revenue through customer retention and sales optimization. . Reduced costs. .

Article 337
article thumbnail

The Ultimate Chief Customer Officer (CCO) Job Description

Gainsight

Hiring one moves Customer Success (CS) from a function to a company-wide strategy, offering a customer voice in the boardroom and a peer to your Sales and Product leaders. The Chief Customer Officer (CCO) role is crucial for virtually every SaaS company.

article thumbnail

Customer Service VS. Customer Experience: What is the Difference

Lumoa

There are many other pieces that make up the customer experience puzzle, including your sales process, your product or service itself, and your marketing and design choices. NPS measures your customers’ likelihood to refer your business to others. Customer Effort Score (CES).