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Outsourced On-Shore Technical Support: The Key to Business Growth

Helpt

In today's fast-paced digital world, keeping up with and investing in technology is the bare minimum to staying afloat. However, early-stage businesses often make crucial mistakes when they try to keep costs low; they assume that spending on anything other than product development and customer acquisition is unnecessary.

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Books on Customer Growth That Are a Must Read

VOZIQ

However, in order to win fan customers and increase these numbers, a complete rethinking of customer relationship management and a departure from the customary key performance indicators is necessary. The Secrets to Attracting and Keeping Your Dream Customers: Comprehensive Guide to Customer Acquisition and Retention.

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8 Metrics Every Online Business Should Monitor

SurveySensum

Customer Acquisition Cost (CAC) Roping in customers to your website is a whole journey in itself. The entire cost incurred for getting people interested enough to finally end up making a purchase is defined as the customer acquisition cost (CAC). This is where customer lifetime value (LTV) comes into play.

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Valuable Lessons to Takeaway From This Common Poor Practice

Beyond Philosophy

It felt like they were trying to wind me up or a punishment for leaving. The signal that the interaction sent was that the cable provider is not interested in having anything but a transactional relationship with customers. My provider in the UK rarely, if ever, turns up on time. They treat all customers the same.

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The Metrics That Matter: 13 SaaS KPIs You Should Track in 2023

SurveySensum

With that in mind, after working with different companies in this industry, we have compiled a list of 13 key SaaS KPIs and metrics of 2023 that you need to start tracking to measure your success. This is why SaaS businesses must focus heavily on retaining customers and ensuring that they keep using their products and services.

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Customer Satisfaction is at 17 year low. These stats tell you why…

Beyond Philosophy

For example, from the supply-side perspective, McDermott says the organization that thinks CX is important but does nothing about it probably still sees customer service as a cost center rather than a revenue-generating engine for growth. However, Shopify recognizes that the contact center employees were the ones talking to customers.

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Bad Customer Service Rarely Results in Profitability

Beyond Philosophy

To summarize, researchers learned that lousy customer service is not always the product of ineptitude on the part of the company but instead sometimes a deliberate strategy to save money. Long phone queues and poor response times cause customers to give up, at least for the time being and try again later. Of course not.