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CX Annuities Solve CX ROI & Tenure Dilemmas

ClearAction

Lost ROI on customer acquisition cost. Preventing churn : Customer Service + escalations + remedies + refunds + returns. Customer Success + Loyalty programs. Complexity : Extra Marketing and Sales staff and effort to make up for churn (in addition to monthly net new customers).

CX 62
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9 Strategies to Improve Customer Retention Rate in 2023

SurveySensum

Company A, decided to run a substantial marketing campaign, investing hundreds of dollars in hopes of acquiring new customers. Unfortunately, the campaign only yielded two customers, generating a total of $50 in business. In contrast, Company B chose to focus on retaining its existing customer base by introducing loyalty programs.

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CX expert Jay Baer on creating experiences that get your customers talking

Intercom

And further along the line, customer support started being treated as a cost center – a necessary, but non-profitable part of a business. Today, more and more businesses are realizing the true bottom-line impact of creating great customer experiences. It’s easier to test new customer acquisition strategies.

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Introducing Brand Impact Simulator

Qualtrics

They don’t know how to identify the right mix of brand attitudes and strategies to improve key outcomes such as customer acquisition, website traffic, or subscriptions. For these brands, a lot of the process is a guessing game and often reactive rather than proactive when consumer preferences and expectations change.

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CX is a Team Sport: 2 Surprising Views

ClearAction

This was summarized in Stephen Diori’s Forbes article: “Delivering Superior Customer Experience is a Team Sport” 2 (All the quotations below are from Diori’s article. Non-quotation phrases are from Lynn Hunsaker.) “Commercial operations are increasingly out of sync with the customer journey they support.”

Sports 62
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Customer Success: The Definitive Guide to Customer-centric Growth 2020

SixteenVentures

Everyone is in Customer Success. Customer Success Beyond Usage Data. Customer Success At Your Expense Hurts Everyone. The Role of Customer Success in… Customer Development. Customer Acquisition. Customer and User Onboarding. Should we tell customers what to do? Functional Support.

Start-ups 136