Totango

JULY 11, 2019

Time and money that could have been saved—if you’d focused on customer retention. New customer acquisition costs a lot. To learn how much you’re spending, add up all of your sales and marketing expenses and divide that amount by the number of new customers won. The Importance of Customer Retention.

Customer Retention 61

Customer Retention Social Media Customer Acquisition Start-ups 61

Totango

APRIL 9, 2019

Customer retention is the lifeblood of any savvy enterprise. It’s the only way to be successful in this customer-centered economy and ensure scalable long-term revenue. To retain customers, companies must make the customer experience better and ensure customers never stop seeing value from their product or service.

Customer Retention 72

Customer Retention Start-ups Customer Relationship Customer Experience 72

Totango

JANUARY 15, 2019

While it’s no doubt a thrill to pursue and persuade a new customer to work with your enterprise, for software and subscription-based businesses, the real value lies in customer retention. But your customer retention strategies should be based on long-term thinking. Thank your customers. Understand your KPIs.

Customer Retention 75

Customer Retention Start-ups Social Media CRM 75

Zendesk

MAY 12, 2021

A “bad experience” can happen at any touchpoint in the customer’s journey, from their first interaction all the way to final sale and beyond. It’s up to every department to provide consistently great experiences that get customers in the door and keep them coming back. Identify and reward loyal customers.

Customer Retention 52

Customer Retention Net Promoter Score Touchpoint CRM 52

Totango

OCTOBER 8, 2020

Customer retention is the continuation of a valued service. In B2B terms, it is still possible to maintain your customer relationship and even improve customer retention during uncertainty, but you will need to focus on five key steps: Understand Your Customer. Learn from Customers.

Customer Retention 63

Customer Retention Scorecard B2B VOC 63

Totango

FEBRUARY 10, 2021

A customer success strategy is a proactive plan for guiding your clients to outcomes that satisfy their needs. When your customers enjoy more value, your product adoption rates rise and customer retention rates go up. This promotes success for your company as well as your customers.

Customer Retention 85

Customer Retention Customer Journey Map Net Promoter Score Scorecard 85

Beyond Philosophy

JULY 14, 2015

Sometimes we have a relationship we think is good, but it really isn’t. It’s true in friendships, marriages, and yes, even business relationships. There are some signs that your Customer relationship is all about you, or one-sided, and they are easier to spot than you think.

Customer Relationship 146

Customer Relationship Net Promoter Score Customer Retention Start-ups 146

Comm100

OCTOBER 8, 2016

Your customer retention is super important to your bottom line—after all, customer loyalty is well-known for being more valuable than customer acquisition. With stakes this high, it’s essential that you build a solid customer retention plan that can lead to long-term customer loyalty.

Customer Retention 60

Customer Retention Customer Loyalty Social Media Education 60

Totango

JUNE 15, 2022

We’ve been here before, however, and we know that during uncertain times, protecting your customer base is the most important thing you can do for your business. Customer retention is the lifeblood of recurring revenue enterprises, no matter what the external economic circumstances may be. Let us help you.

Customer Acquisition 102

Customer Acquisition Customer Relationship Customer Retention Start-ups 102

VOZIQ

AUGUST 13, 2023

Based on surveys and interviews with more than 100,000 respondents, it becomes clear that fans have the highest customer value and therefore contribute significantly to the economic success of a company. Anderson In this book, they share the secrets to success when it comes to building strong customer relationships.

Customer Acquisition 52

Customer Acquisition Customer Retention Finance Actionable Insights 52

Experience Investigators

APRIL 23, 2024

In embracing a real-life, business-centered approach and understanding key elements of customer demands like speed, convenience, and human touch, businesses can craft experiences that resonate deeply with customers, solidifying a foundation of customer loyalty and competitive advantage in today’s market. Strategy First.

Net Promoter Score 94

Net Promoter Score CEM CX Customer Experience 94

SugarCRM

JANUARY 14, 2020

Did you know that it’s seven times more expensive to acquire a new customer than it is to retain an existing one? How about that a 10% increase in customer retention yields a 30% rise in the value of your company? Grow Your Business From Within By Improving Customer Retention.

Customer Retention 36

Customer Retention Social Media Start-ups Customer Relationship 36

Intercom, Inc.

OCTOBER 7, 2020

. “Support isn’t just a cost center, but a strategic investment that increases customer retention and reduces churn” Indeed, if you look at the broader financial models of customer support, you’ll see that support isn’t just a cost center, but a strategic investment that increases customer retention and reduces churn.

Manufacturing 196

Manufacturing Customer Retention Sales Engineering 196

Totango

JULY 15, 2021

Championing a customer-centered mindset within the company. Unifying customer data to create a comprehensive 360-degree view of customers that is accessible to all team members. Building up high-quality, long-lasting customer relationships to boost engagement, advocacy and expansion.

Start-ups 124

Start-ups Customer Relationship Education Customer Retention 124

ClearAction

DECEMBER 5, 2023

There you can see the equations for 24 customer experience metrics expressed in money rather than percent or scores, making financial gains obvious. CX-Inspired Growth We all know the value of human-centered design: Start with a deep understanding of users’ situations before you begin creating something.

CX 62

CX Non-Profits Data Mining Start-ups 62

Shep Hyken

NOVEMBER 2, 2022

An important goal of a good customer experience is to make the customer feel special. I was reading an article about customer retention, and it prompted me to start a list of ways to make customers feel special, want to come back, and even want to share their experience with friends, family, and colleagues.

Invoicing 115

Invoicing Education Customer Retention Start-ups 115

Shep Hyken

JULY 26, 2021

times more likely to say they do not provide excellent customer service and twice as likely to say they do not deliver quality outcomes. My Comment: We start this week’s Top Five roundup with an article focused on why a focus on the internal customer experience is important to delivering a better external customer experience.

Customer Service 92

Customer Service Customer Retention Contact Center AI 92

Fonolo

MAY 25, 2022

From agent hiring and training to in-house IT support, marketing, and HR, call center costs quickly add up. When it comes to reducing call center costs, start here. Start by calculating your total operating expenses. Then, add up the number of contacts minus abandoned contacts. Consider outsourcing. Voice call-backs.

Technology 87

Technology Technology Contact Center CRM 87

Intercom, Inc.

JUNE 22, 2020

In-app messaging is a key component of a strong customer engagement strategy – one that reaches users at the right place, at the right time, and is consistent across platforms. With our recent launch of Mobile Carousels , we tapped into the possibility of creating and nurturing better customer relationships through mobile.

Start-ups 235

Start-ups Gaming Education Customer Retention 235

Intercom, Inc.

JULY 1, 2019

The old world SaaS model was basically all about sign up and convert. At Collision , I spoke about the new techniques that product owners and marketers will need to navigate the world of customer relationships. This is what we’ve ended up in: a world of subscription everything. How do we retain customers?

Customer Retention 223

Customer Retention Start-ups Manufacturing Customer Acquisition 223

Totango

DECEMBER 21, 2021

With this in mind, let’s look at six key points where automated messages can enhance your customer experience at defining moments in their journey. Welcome messages lay a foundation for strong customer relationships. Giving you an opportunity to thank the customer for their purchase. Onboarding Welcome Messages.

Net Promoter Score 106

Net Promoter Score NPS Start-ups Customer Relationship 106

Intercom, Inc.

APRIL 28, 2022

It doesn’t take into account third-party review sites, peer-to-peer recommendations, or word-of-mouth; the handover process is messy and puts teams at odds with each other, and more often than not, it rewards high quarterly numbers rather than providing a good customer experience.

CRM 118

CRM Start-ups Sales Customer Journey Map 118

Totango

JULY 22, 2022

Let’s take a closer look at these two SuccessBLOCs and how they can help you keep the channels of communication with your customers open and productive. How the Engage Customers SuccessBLOC Works . Now more than ever, you need to make the necessary changes to keep up with delivery and communication of value to your customers.

Scorecard 101

Scorecard NPS Customer Retention Start-ups 101

Zendesk

JANUARY 18, 2022

According to our 2022 Zendesk Customer Experience Trends report , the pandemic didn’t make customers more forgiving—if anything, they’re more discerning. More than 60 percent of customers will defect after one bad experience, up 22 percent from last year.

Customer Service 98

Customer Service Outlook Business Growth Customer Loyalty 98

Zendesk

OCTOBER 20, 2023

It also empowers customer service reps with the information they need to provide an exceptional customer experience (CX). Delivering excellent customer service can drive revenue, increase customer retention , stimulate business growth, and improve customer satisfaction.

Customer Service 52

Customer Service Customer Journey Map B2C B2B 52

Win the Customer

DECEMBER 25, 2019

. “Social care” isn’t anything new, but providing effective multi-channel customer service that includes social care can be pose significant challenges for organizations big and small. YoY increase in customer retention. Social organizations also reported a drastically lower number of customer complaints.

Customer Service 115

Customer Service Social Media Customer Retention Start-ups 115

Helpt

AUGUST 25, 2023

Why pay some random person to handle my customers? You strap your boots on and sign up for a cheap VoIP service. The calls start coming slowly, and in the beginning, there isn’t an issue. But what starts as an optimistic DIY venture can quickly become a time-consuming nightmare. I can handle the support line just fine!"

Gambling 52

Gambling Customer Satisfaction Start-ups Customer Retention 52

Zendesk

JUNE 30, 2022

You’ve just closed a major deal and you’re ready to pack up, head out on the town, and celebrate by crossing that client off your never-ending to-do list. Additionally, investing just 5 percent in customer retention has been shown to boost profits by a minimum of 25 percent. Increase customer retention.

Sales 98

Sales Non-Profits Customer Retention Social Media 98

Totango

SEPTEMBER 20, 2022

This delivers customers more satisfying experiences, which promote higher retention, lower churn, and higher referral rates. A customer enablement program is a vital part of the customer landscape for B2B and SaaS companies that rely on customer retention for growth. What Is Sales Enablement?

B2B 83

B2B Net Promoter Score Education Social Media 83

Fonolo

MAY 25, 2022

From agent hiring and training to in-house IT support, marketing, and HR, call center costs quickly add up. When it comes to reducing call center costs, start here. Start by calculating your total operating expenses. Then, add up the number of contacts minus abandoned contacts. The Shift to Remote Work. Voice Call-Backs.

Technology 67

Technology Technology Contact Center CRM 67

Lumoa

JUNE 14, 2023

Before we dive into our remedies, let’s take a look at some of the root causes that could be behind your score going south: Inadequate or Poor Customer Service Many customers tend to be unforgiving if their support experience isn’t up to scratch. But the damage doesn’t stop there.

NPS 83

NPS Sentiment Analysis Start-ups Net Promoter Score 83

SurveySensum

JANUARY 18, 2024

In this article, we’ll explore seven innovative ways to supercharge your marketing strategy using SMS automation and enhance customer experience. This makes customers feel seen and appreciated throughout their journey with the brand 2. This is where SMS automation comes in as a powerful tool to enhance your marketing efforts.

Retail 52

Retail Customer Relationship Start-ups Customer Feedback 52

Totango

JULY 13, 2021

So, what are the most important elements that underpin your strategy for customer success growth in this new economy? Increase Customer Retention. In order to retain customers, you need to change your focus from hunting up new customers to keeping the ones you have. Improve Customer Satisfaction.

Customer Satisfaction 101

Customer Satisfaction B2C B2B Customer Relationship 101

Intercom, Inc.

MARCH 16, 2021

With the right strategy and proactive support tools – think Outbound Messages , Product Tours , Mobile Carousels , and Banners – you can alert customers to known issues, like delivery delays, bugs in your product, and website downtime. Onboard new customers. Educate customers on new features. Address common stumbling blocks.

E-commerce 201

E-commerce Education Customer Satisfaction Start-ups 201

Intercom, Inc.

AUGUST 5, 2020

Case in point: online retailer Zappos whose commitment to delighting customers has meant making their support team available for quite literally anything. You ended up looking a lot more like telecoms providers Comcast and Virgin Media whose support has been remarkable for all the wrong reasons.

Customer Experience 204

Customer Experience Customer Satisfaction Engineering Retail 204

Zendesk

FEBRUARY 7, 2024

In this guide, we detail the basics of win-back campaigns, explain how they can contribute to an enhanced customer experience (CX) , and share several win-back email campaign templates you can use to jump-start your efforts. More in this guide: When should you start a win-back campaign?

E-commerce 52

E-commerce Start-ups Omnichannel CX 52

Totango

JULY 31, 2020

Customer retention is critical to success in today’s customer-centric economy. Onboarding sets the stage for customer retention by beginning a positive long-term relationship between you and your customer. They are: Use Customer Goals and Objectives to Personalize Onboarding.

E-commerce 127

E-commerce Hospitality Hospitality Healthcare 127