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The Psychology Behind Customer Retention and Loyalty

Experience Investigators

When working to grow their business and revenue, companies often focus most (if not all) of their resources on attracting new customers. Customers expect (and deserve!) personalized, convenient, and fulfilling experiences. And this is about more than just customer service.

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The 7 Sins of Customer Experience

ECXO

The 7 Sins of Customer Experience If you fancy watching a quick video summary of this article, click the link below and enjoy: The 7 Sins of CX Are you ready to discover some awesome strategies that can help you take your customersexperience to the next level? The third sin is poor communication.

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Proactive Churn Prevention Promotes Customer Retention

Totango

Read on to learn what churn is, how an attrition analysis can help you pinpoint why you’re losing customers, and what steps you can take to prevent customer churn. What Is Churn Rate and How Does It Relate to Customer Retention? Gap Between Customer Expectations and Product Performance.

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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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Handpicked Resources for Customer Retention Leaders July 2021 Edition

VOZIQ

In the last year and a half, customer expectations have changed at a faster rate. Considering the impact and aftereffects of the COVID-19 pandemic, we can expect that customer retention will be more critical and challenging in the days ahead, which will require you to re-evaluate your customer retention strategy.

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Handpicked Resources for Customer Retention Leaders – April Edition

VOZIQ

Every month, we bring you the best resources from the internet to help you navigate customer retention and customer experience issues. Why Proactive Customer Retention Is Not Optional. Customer retention has assumed a greater priority in the business world today.

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How customer success teams can improve customer retention with VOC?

SurveySensum

And not just that, an efficient VOC program helps you recognize what is working and what is not, identify the areas of improvement, and listen to and resolve customer issues in time. It helps you retain your customers. And that’s why 82% of companies say that retaining a customer is less expensive than acquiring a new one.

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