SixteenVentures

APRIL 26, 2023

NRR Defined Net Revenue Retention – NRR – is the percentage of revenue retained from existing customers in a defined time period, including Expansion, Contraction, and Churn. When a CS org is focused primarily on customer retention (vs. to “save” the customer). Time to panic?

Customer Retention 43

Customer Retention Start-ups 43

SixteenVentures

FEBRUARY 28, 2022

Having worked with hundreds of companies of different sizes, funding stages, and Customer Success maturity, around the world, I’ve boiled down what I believe are the five “secrets” of World-class CSMs. It’s always best to have strong Customer Success leadership, buy-in from Executives, great processes, purpose-built CSM software, etc.

Hospitality 124

Hospitality Hospitality Technology Technology 124

Totango

MARCH 3, 2020

Attracting new customers is always cause for celebration, but in today’s customer-centric economy, it is not enough to bring in fresh faces. You need to justify your existence to customers at every step, including during onboarding. Once new customers are onboarded, you need to retain them. What Causes a High Churn Rate?

Customer Acquisition 84

Customer Acquisition NPS Start-ups Customer Retention 84

Aquire

NOVEMBER 12, 2021

That’s an awful customer experience (CX), and it can ruin your impression of a brand no matter how great your user experience was. Customer experience and user experience go hand in hand in creating loyal excited customers for your brand. Here’s what you’ll learn: CX vs. UX. A customer does the buying.

Net Promoter Score 72

Net Promoter Score Customer Experience NPS CX 72

SurveySensum

MARCH 31, 2022

“Companies that excel at the customer experience drive revenues 4% to 8% higher than those of their market. Asking the right questions at the right touchpoint is incredibly important to deliver an exceptional customer experience. All three help you garner customer feedback on their experience with your brands or the product. .

NPS 52

NPS Net Promoter Score Touchpoint Customer Loyalty 52

Intercom, Inc.

MARCH 9, 2022

We iterate, fight for adoption, and keep pushing for maximum impact for our customers and our business. We strive to deliver outcomes as well as outputs to drive real results for our customers. We work to ensure that what happens because of things we ship delivers tangible value to our customers.

152

152

Totango

SEPTEMBER 20, 2022

Customer Enablement Essentials: What B2B and SaaS Brands Need to Know. Customer enablement empowers customers by giving them the resources they need to use your product successfully. This helps deliver more satisfying customer experiences , promoting customer renewals and referrals, which are critical to B2B SaaS businesses.

B2B 82

B2B Net Promoter Score Education Social Media 82

VOZIQ

FEBRUARY 6, 2022

Customer acquisition vs. customer retention — the comparison has existed for quite some time, especially with global enterprises realizing the impact of customer churn on the bottom line and long-term growth. Customer retention, on the other hand, is not as much celebrated as a new sale.

Customer Retention 40

Customer Retention ML Net Promoter Score Customer Acquisition 40

Totango

OCTOBER 27, 2021

There are a number of reasons why a customer may ghost you. Fortunately, there are some steps you can take to help you re-engage with disengaged customers as well as some measures you can take to help prevent client ghosting altogether. . What to Do When a Customer Ghosts You. the “How it Started vs. How it’s Going” meme).

Start-ups 90

Start-ups 90

Zendesk

SEPTEMBER 2, 2022

As an alternative, startups are turning to revenue-based debt financing to fund their growth. What is revenue-based debt financing? Revenue-based debt financing is an alternative to equity-based financing—equity in the company in exchange for cash, which is most common—collateral-debt financing, or venture-debt financing.

Finance 52

Finance Outlook Customer Retention Government 52

Fonolo

MAY 23, 2023

Customer service is all about meeting and exceeding customer expectations. But did you know that hyper-personalization in the contact center is one of the best ways to delight your customers? Customers want to feel seen. The solutions are all based on a customer’s specific preferences, behaviors, and needs.

Contact Center 106

Contact Center Machine Learning Social Media Artificial Intelligence 106

ClientSuccess

JUNE 13, 2017

Churn, Retention, Revenue. For those of you in customer success and sales, it’s nearly impossible to go a day without hearing words like “churn”, “retention”, and “revenue”. For instance, one pair might measure churn as well as retention, which are opposite but complementary measurements. Two Part Series.

Customer Retention 43

Customer Retention Start-ups Sales 43

Totango

OCTOBER 27, 2021

There are a number of reasons why a customer may ghost you. Fortunately, there are some steps you can take to help you re-engage with disengaged customers as well as some measures you can take to help prevent client ghosting altogether. . What to Do When a Customer Ghosts You. the “How it Started vs. How it’s Going” meme).

Start-ups 71

Start-ups 71

Totango

JANUARY 29, 2021

When your product directly helps your customers achieve their goals, your brand wins their loyalty. Playbooks for customer success managers help drive processes that promote winning client outcomes. What Is a Customer Success Playbook? Why Do You Need Playbooks for Customer Success?

Scorecard 79

Scorecard NPS Gaming Sales 79

ClientSuccess

JUNE 20, 2017

Without measurements, customer success leaders would be at a loss for how to determine the health of a business. But it’s also possible to be overwhelmed with metrics and calculations and forget the true reason for being metrics-driven: ensuring customer success. Revenue Churn Rate (Gross and Net).

40

40

Totango

OCTOBER 27, 2021

There are a number of reasons why a customer may ghost you. Fortunately, there are some steps you can take to help you re-engage with disengaged customers as well as some measures you can take to help prevent client ghosting altogether. . What to Do When a Customer Ghosts You. the “How it Started vs. How it’s Going” meme).

Start-ups 62

Start-ups 62

SurveySensum

NOVEMBER 18, 2021

After customer support. CSAT vs NPS – The difference you should know about! What is the customer satisfaction score aka CSAT score? Is it worth my and my customers’ time? It is a strong indicator of customer retention and product repurchase. Satisfied customers return and buy more from you. Conclusion.

Customer Satisfaction 52

Customer Satisfaction NPS Touchpoint Customer Loyalty 52

Zendesk

FEBRUARY 21, 2024

Evolving technology means customers are no longer limited to shopping locally. No longer are they just selling products or services—they’re building relationships and selling a great customer experience. No longer are they just selling products or services—they’re building relationships and selling a great customer experience.

Sales 52

Sales Social Media CRM B2B 52

Totango

FEBRUARY 25, 2020

Both are made up of individuals with a specialization—say, playing the clarinet or managing a Customer Success team. In today’s customer-centered economy, this is particularly true of Customer Success and Customer Service teams. What is the Difference Between Customer Success vs. Customer Service?

Customer Service 101

Customer Service Start-ups Customer Experience 101

ClearAction

APRIL 18, 2020

Growth Through Customer Experience Action Lynn Hunsaker. Customer experience annuities are a compelling source of growth that is commonly overlooked. Customer Experience Improvement Actions. Accordingly, mature customer experience management can reduce business risk.

Customer Experience 62

Customer Experience Net Promoter Score Innovation Close the Loop 62

Totango

JUNE 17, 2021

What is customer segmentation ? We’ll discuss the subtle shade of difference between customer segmentation and audience segmentation, two terms with some overlap that are often used interchangeably. We’ll look at the different ways you can segment your customers and when to apply each. Customer support history.

B2B 71

B2B Customer Journey Map Sales Technology 71

1 to 1

MARCH 8, 2021

The art of attracting and keeping customers is a balancing act, and the pandemic was an anvil thrown onto the scale. The brands that survived the shift in everyday life knew how to not only bring in new customers, but nourish the relationship with empathy and personalization. What is customer acquisition?

Customer Acquisition 26

Customer Acquisition Customer Retention Predictive Analytics Omnichannel 26

Zendesk

JANUARY 10, 2024

Customer satisfaction Customer satisfaction (CSAT) is a measure of how well a company’s products, services, and overall customer experience (CX) meet customer expectations. CSAT is a valuable resource because if your customers are happy, you’re likely doing something right.

Net Promoter Score 52

Net Promoter Score Non-Profits Start-ups Customer Satisfaction 52

ClientSuccess

SEPTEMBER 21, 2020

In today’s B2B technology world, it seems common that the phrases “customer success” and “customer support or service” are often intertwined. After all, they’re both about serving the customer and ensuring they’re finding success with your product or service, right?

B2B 65

B2B Technology Technology Sales 65

SugarCRM

JANUARY 24, 2023

Also, you should make support services available for them if you’re willing to create a truly local experience for both customers and prospects. The benefits of localization can be applied in: Sales and Marketing Your marketing campaigns are more effective when you speak your customers’ language—literally.

Legal 26

Legal Sales Customer Experience 26

Waypoint Group

JUNE 7, 2018

I recently wrote about the importance of leading indicators to improve customer retention and expansion rates in B2B environments. Waiting for financial results is too late; it behooves every company to embed a simple and repeatable set of steps that strengthen customer relationships over time. Here’s why and how. Success = Outcomes.

B2B 40

B2B VOC B2C Start-ups 40

Intercom, Inc.

DECEMBER 8, 2020

Modern customers expect quick, personal, and effective service. To provide this, you must understand how your customer experience stacks up against these expectations. Data alone won’t produce results, but it will help you to contextualize customer behavior and feedback to provide better service faster.

Customer Satisfaction 211

Customer Satisfaction Customer Expectations Machine Learning Start-ups 211

CX Journey

JANUARY 29, 2015

Image courtesy of James Cridland Have you ever wondered why customers say they buy your products based on price - and then, in the end, they also stop buying because of price? My answer: It''s defined however the customer wants to define it. Customers will even pay companies to deliver a better experience! Stop the insanity!

Gaming 69

Gaming Start-ups Customer Experience Customer Service 69

Zendesk

FEBRUARY 22, 2023

Today, customers expect to have flexible and seamless shopping experiences. This increasingly vital retail customer experience helps customers communicate with businesses on the channel of their choice and allows for connected conversations. This results in more tailored and personalized experiences for customers.

Omnichannel 52

Omnichannel Retail Social Media Customer Journey Map 52

Customer Bliss

MAY 23, 2018

In this episode, Carolyne speaks about the importance of employee experience at Fanatics and how that translates to a better customer experience for dedicated sports fans. Carolyne has spent her career leading work in the customer service and experience industry. She asked for data to understand the employee churn.

Sports 78

Sports E-commerce Customer Experience Legal 78

SugarCRM

OCTOBER 17, 2023

Companies that flirt with generative AI experience higher customer satisfaction, productivity, and overall growth rates. This can result in stagnant campaigns and an inability to adapt to changing market conditions, potentially costing the company market share and revenue. For Marketing, generative AI is the future.

AI 26

AI Predictive Analytics Legal Social Media 26

Aquire

JULY 27, 2021

It has allowed customer service teams to offer faster and smoother support in a secure way. . Cobrowsing, also known as collaborative browsing, is a technology that allows agents and customers to see and interact with the same webpage at the same time. Cobrowsing technology has been a game-changer for companies. Wondering how?

Technology 59

Technology Technology Customer Satisfaction Omnichannel 59

Lumoa

FEBRUARY 9, 2023

The focus on enhancing customer experience has gained traction in recent years. As businesses recognize its value, the shift from a product-centered approach to a customer-centric one continues. Actionability is also, as we believe, one of the essential aspects of customer experience management. Listen to your customers.

Net Promoter Score 178

Net Promoter Score Customer Experience B2C Social Media 178

Zendesk

MARCH 16, 2021

Upselling vs. cross-selling. Both are important techniques for growing revenue and expanding business reach. Upselling is encouraging a customer to buy the bigger, better version of the product they already use. When a customer buys an upgraded version of your product, they’re spending more money. What is upselling?

CRM 52

CRM Sales Customer Satisfaction Start-ups 52

Intercom, Inc.

SEPTEMBER 9, 2022

In CX, neural networks will likely be used with more traditional machine learning methods to choose actions that provide the best interaction possible with the customer. While it’s likely that more realistic claims close fewer accounts, it pays off in customer retention. It’s almost like a school for customer support.

Machine Learning 249

Machine Learning ML Unstructured Data AI 249

Lumoa

JANUARY 31, 2023

Customer experience plays an important, if not the most important role in the success of any business. Nearly all companies (89%) believe that customer experience will be their primary basis for competition. This will lead you to reduce churn and increase your revenue. Voice of the customer: where to start?

Customer Experience 176

Customer Experience NPS Touchpoint Close the Loop 176

SurveySensum

JULY 2, 2023

Similar is the case with customer-centric businesses. If you keep your customers satisfied, they will keep coming back to you and can even refer you to others. And according to HubSpot , customer-centric organizations that focus more on satisfaction are 60% more profitable than others. By using CSAT tools, right? Yes, it is.

Customer Satisfaction 52

Customer Satisfaction Social Media Text Analytics Actionable Insights 52