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Customer Retention in 2023: What’s Changed, What’s Working, and How to Adjust

Customer Think

With ongoing shifts in the economic climate, customer retention continues to be a main focus—and in many cases, it has become even more important in 2023. According to a report by Twilio, in the face of recession, 67% of businesses are shifting focus from customer acquisition to customer retention.

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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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AI Strategies for Max High LTV Customer Retention

MyCustomer Experience

Navigating the New Era of Customer Loyalty: AI Strategies for Maximizing High LTV Customer Retention In an era where growth is no longer. 14th Dec 2023 By Andrew Hooper Business Development Director

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5 Tips for Ecommerce Customer Retention in 2023

MyCustomer Experience

23rd Jan 2023 By HazelRaoult The ecommerce sector is growing. In 2020, 17.8% of global sales were made through online purchases. By 2025, that number is expected to.

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5 Customer Experience Predictions for 2023  

Comm100

2023 looks to be a year of great change in customer experience (CX). To help make sense of the year ahead and plan for the ever-shifting CX landscape, we’ve asked five experts in the field for their CX predictions for 2023. That will be a major focus in 2023 (and beyond).

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Evolution of Customer Experience in E-Commerce 2023

Lumoa

Companies should aim to meet their customers’ expectations by continuing to fine-tune their customer experience (CX) programs. Here are the CX trends you can expect to see in 2023 and how to keep your e-commerce business on track with the evolution of CX. Customer Experience in E-commerce Trend Predictions for 2023.

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Top Ten Customer Service and Customer Experience Predictions for 2023

Shep Hyken

Smart leaders are now realizing that customer service and a focus on CX pays. If you’ve been following me, you know I’m a fan of referring to customer support as the Revenue Generation Department or the Customer Retention Center. Done right, customer support makes you money. . Follow on Twitter: @Hyken.