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Master the Market: A Deep Dive into Competitive Analysis

InMoment XI

The Importance of CRM Databases in Competitive Analysis Customer Relationship Management (CRM) databases are essential tools for storing and tracking customer information, interactions, and sales history. Could your company fill this void with exceptional customer service and thereby win over disenchanted consumers?

Marketing 260
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7 Customer Preferences Shaping CX in 2021 and Beyond

Oracle

Annual reports on CX are replete with growth projections and statistics that quantify its critical importance to modern customer acquisition and retention strategies. trillion annually due to poor customer service, according to Accenture. ” Modern customers seek modern loyalty programs.

2021 94
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Guest Blog: How Should You Grow and Sustain Your Customer Lifetime Value?

ShepHyken

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. Manage Your Customer Lifecycle Properly to Maximize Opportunities. Conclusion.

Blog 105
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5 Top Customer Service Articles for the Week of May 13, 2019

ShepHyken

My Comment: Just as it takes more than just good customer service to keep a customer coming back, a bad customer experience may not cause you to lose customers, either. Counter-intuitive as that may seem, the author is making the case that companies who deliver poor customer service are “most profitable.”

2019 92
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5 Top Customer Service Articles for the Week of September 9, 2019

ShepHyken

(Forbes) Rewards programs can be lucrative for loyal customers, but when companies add lots of rules and restrictions to a loyalty program, it can actually have the opposite effect. My Comment: Let’s start this TOP FIVE roundup with an excellent article about customer loyalty programs.

Article 94
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Customer retention in the telecom industry – new thinking

TechSee

A recent study of the phenomenon of churn revealed that 39% of Americans who canceled a contract with a company in the past 24 months cited poor customer service as the primary reason. Enhancing customer retention in the telecom industry. Churn in the telecom industry.

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How Customer Service and Marketing Can Work Together To Grow Your Business

CSM Magazine

Statistics show that about 58% of American consumers will switch companies because of poor customer service. There is, therefore, a need for businesses to invest in customer service and marketing techniques to encourage their clients to keep supporting their services and products.