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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!) If a customer tries a new brand that fails to deliver on their needs—especially during the earliest interactions—they have little reason to support it.

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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 – 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. Explore it in this Forrester blog.

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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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Handpicked Resources for Customer Retention Leaders – March Edition

VOZIQ

Every month, we bring you the best resources from the internet to help you navigate customer retention and customer experience issues. Five Recommendations t o Ensure Customer Loyalty i n t he Post-C OVID -19 Era. Customer L oyalty D efinition, S tatistics, and T ips. Spot Unhappy Customers Before They Go.

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Handpicked Resources for Customer Retention Leaders – March Edition

VOZIQ

Every month, we bring you the best resources from the internet to help you navigate customer retention and customer experience issues. Five Recommendations t o Ensure Customer Loyalty i n t he Post-C OVID -19 Era . Customer L oyalty D efinition, S tatistics, and T ips .

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Announcing our new guide ‘Unlocking Customer Engagement: Drive Action With In-Product Messaging’

Intercom, Inc.

Leading companies are refocusing their customer engagement efforts to increase customer loyalty, while also enhancing efficiency. By implementing in-product messaging – the secret ingredient your customer engagement tech stack is missing. Luckily, we’ve launched a new guide to help you achieve just that.