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Optimizing your customer feedback strategy in 2023

Lumoa

Your customers are sharing their experiences online. They’ve been doing it for years, but with the continuing proliferation of social media platforms, their voices are only getting louder. No matter what industry you’re in, your customers are eager and encouraged to share their feedback: the good, the bad, and the ugly.

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5 Things to Do Immediately About E-commerce Customer Churn

MattsenKumar

With limited users, the competition will become stiff, and the focus will surely shift from customer acquisition to customer retention. With a limited number of customers to acquire, it makes sense to spend on customer retention and clock a higher customer lifetime value. Poor Website Design.

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Survey as a Tool In Improving Retail Customer Experience

SurveySensum

For example, you can launch a CES survey to measure the ease of your customers with the payment process. Ask them for their testimonials and reviews that can be used for marketing on websites and social handles to bring in more customers. Touchpoints Customer referrals, online reviews, and social media shares.

Retail 52
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Survey as a Tool In Improving Retail Customer Experience

SurveySensum

For example, you can launch a CES survey to measure the ease of your customers with the payment process. Ask them for their testimonials and reviews that can be used for marketing on websites and social handles to bring in more customers. Touchpoints Customer referrals, online reviews, and social media shares.

Retail 52
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The ultimate sales glossary: 100 sales terms to know

Zendesk

Customer acquisition cost (CAC). Customer acquisition cost (CAC) refers to the amount of money spent on the process of acquiring a customer. CAC includes marketing expenses, sales rep pay and commission, and work hours dedicated to wooing that customer. Net Promoter Score® (NPS). Social selling.

Sales 98
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27 Ecommerce KPIs to Track if You Want to Be Successful in 2022

Aquire

Net promoter score (NPS). Just like CSAT, NPS is also based on a single, simple question: “How likely are you to recommend us to a friend/colleague?” An NPS score above 20 is favorable, and above 50 is considered excellent. NPS formula: ([Number of promoters – Number of detractors] ÷ Number of respondents) x 100 = NPS.