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. Don’t pay it over and over to drum up one-time customers. .

Customer Retention 63

Customer Retention Social Media Customer Acquisition Start-ups 63

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. Don’t pay it over and over to drum up one-time customers. .

Customer Retention 61

Customer Retention Social Media Customer Acquisition Start-ups 61

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. 4 Thank Your Customers.

Customer Retention 75

Customer Retention Start-ups Social Media CRM 75

Hodusoft

OCTOBER 28, 2018

Contact center software solutions evolve to keep in pace with changing tech and customer patterns. That most present CC solutions are omnichannel is a pointer to changing trends influenced by customer behavior. Twitter and Facebook happen to be the most popular and widely used of all the social media channels.

Social Media 40

Social Media Contact Center Omnichannel CRM 40

SugarCRM

FEBRUARY 28, 2022

In fact, 55% are unable to identify customers at the risk of churning. The key to understanding the potential for churn is to fill in the gaps between customer expectation and their experience. You can start asking more questions and, at the same time, listening to what your customers have to say. The Growing Role of AI.

CRM 49

CRM Customer Retention Net Promoter Score AI 49

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

ClientSuccess

JUNE 19, 2019

Adding credibility to this statement is a research study by Invesp Consulting which suggests: Existing customers are 50% more likely to try new products and spend 31% more than new users! Increasing customer retention by 5% can increase profits by 25-95%. Shocker, right? How will this help? .

Customer Retention 73

Customer Retention E-commerce Start-ups Entertainment 73

Lumoa

NOVEMBER 17, 2022

AI can analyze and gather valuable customer data that provides insight into consumer preferences and trends. . Companies must gather real-time data to keep up with ever-changing customer needs,” says Jesse Galanis, Content Manager at Switching2Mac. Check which platforms are popular with your customers and whether their needs are met.

E-commerce 83

E-commerce Customer Experience Social Media AI 83

VOZIQ

MARCH 6, 2024

In particular, artificial intelligence (AI) played a vital role in helping them achieve customer retention and lifetime value breakthroughs. Assessing Analytics Maturity And Identifying Quick Wins The efficacy of a retention program hinges on unlocking the untapped potential of customer data. This is not enough.

AI 40

AI Customer Retention Artificial Intelligence Machine Learning 40

Lumoa

OCTOBER 20, 2022

Customer experience is an important factor in determining customer loyalty. Companies that rank the highest in customer experience surveys also have the highest scores for customer retention. This is because happy customers are less likely to churn and more likely to continue doing business with you.

Customer Experience 122

Customer Experience Customer Retention Customer Satisfaction Retail 122

Fonolo

JANUARY 4, 2022

Across the globe, 96% of consumers say customer service is an important factor in their choice of loyalty to a brand. As little as a 5% lift in customer retention can produce 25% more profits. 64% of people find customer experience more important than price when making a purchase. 5 Popular Customer Service Benchmarks.

Customer Service 142

Customer Service Social Media Contact Center Artificial Intelligence 142

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. Social service organizations see a 5.6% YoY increase in customer retention.

Customer Service 115

Customer Service Social Media Customer Retention Start-ups 115

Aquire

JULY 5, 2021

Customer service performance metrics by company focus. Also, use qualitative customer feedback as part of your customer service KPIs to help you improve NPS. Customer retention rate (CRR). The CRR of a specific period is the percentage of customers you retained from the beginning of the period to the end.

Net Promoter Score 80

Net Promoter Score Customer Service Social Media NPS 80

Aquire

SEPTEMBER 6, 2021

An omnichannel contact center offers more than just customer communication — it’s a powerful tool for creating memorable customer experiences (CX) and strengthening brand loyalty. This approach provides a consistent experience regardless of the method or device customers choose to communicate through.

Contact Center 98

Contact Center Omnichannel Social Media Net Promoter Score 98

SurveySensum

MARCH 21, 2024

Use sources like surveys, interviews, social media analytics, and website analytics to collect information about demographics, behaviors, preferences, and challenges. and “Which social media platforms do you use to shop?” Now that you know the importance of Customer Personas, why wait?

Social Media 52

Social Media Retail Text Analytics Construction 52

Aquire

JULY 29, 2021

They learn about products from many platforms, including Google searches, social media, videos, mobile apps, company websites, and in-store experiences. Creating an omnichannel customer experience benefits businesses. Customers who engage through multiple channels with a business reportedly spend more. .

Omnichannel 105

Omnichannel Customer Experience Social Media Retail 105

VOZIQ

NOVEMBER 20, 2023

With the latest iteration of ChatGPT4 that can analyze and classify images, contact centers can automate more and more conversations. For instance, imagine a customer uploads an image of a defective product on social media.

Predictive Analytics 52

Predictive Analytics Customer Retention AI Social Media 52

Logicalware

FEBRUARY 20, 2024

And that’s where customer journey orchestration comes into play. As customers increasingly use diverse channels to interact with organisations, from traditional phone and email to social media, the risk of siloed workflows and lost customer insights grows. This can damage the customer experience.

Omnichannel 52

Omnichannel Social Media Touchpoint Start-ups 52

Fonolo

APRIL 4, 2023

Source: Bain&Co Across the globe, 96% of consumers say customer service is an important factor in their choice of loyalty to a brand. Source: Microsoft As little as a 5% lift in customer retention can produce 25% more profits. Source: Salesforce Customer service agents only ask for a customer’s name 21% of the time.

Contact Center 81

Contact Center Customer Service Social Media Artificial Intelligence 81

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

Inside Customer Service

JUNE 23, 2022

Regaining a customer's trust after a service failure has a direct impact on customer retention, customer acquisition, and efficiency. Customer retention For every customer your business loses, you need to attract two new customers to grow. The key to service recovery is restoring trust.

Customer Acquisition 163

Customer Acquisition Customer Retention Social Media Start-ups 163

CallCare

SEPTEMBER 29, 2023

Omnichannel customer service is a widely adopted strategy which focuses on delivering consistent, seamless customer support across multiple different touchpoints. Read on for a guide to the benefits of omnichannel customer service for businesses, and how to start implementing it. Want to find out more?

Omnichannel 52

Omnichannel Customer Service Social Media Touchpoint 52

SurveySensum

AUGUST 1, 2023

Here are some positive impacts that customer loyalty can have on your retail success: Increased Customer Retention: Customer loyalty plays a pivotal role in driving customer retention and repeat purchases for brands. This can lead to reduced customer churn and increased customer retention rates.

Customer Loyalty 52

Customer Loyalty Retail Social Media Touchpoint 52

ECXO

MARCH 15, 2024

How to Avoid the Sins Poor customer retention: Often, this pitfall is a result of not listening to customers. When customers feel unheard or undervalued, they are likely to take their business elsewhere. Actively seeking and acting on customer feedback can significantly improve customer retention.

Customer Experience 83

Customer Experience Net Promoter Score VOC Innovation 83

Comm100

APRIL 22, 2024

Live chat systems provide a seamless communication channel for real-time customer interactions. This technology enhances customer experience by offering immediate assistance, a critical factor in boosting customer retention and loyalty.

Omnichannel 53

Omnichannel Social Media Customer Satisfaction AI 53

SurveySensum

OCTOBER 20, 2023

And product feedback loop not only enhances the products as per customers’ needs but also boosts customer satisfaction and loyalty. Boosting Customer Retention: Maintaining current customers is a vital aspect of business success, as it can be up to 25 times more cost-effective than acquiring new ones.

Close the Loop 52

Close the Loop Social Media Customer Retention Text Analytics 52

Shep Hyken

DECEMBER 9, 2022

This could include phone, email, live chat, social media, and more. The goal of omnichannel engagement is to provide a consistent experience for customers no matter how they choose to reach out. . Reduced customer churn . Increased customer satisfaction . Improved customer retention .

Contact Center 108

Contact Center Sales Omnichannel CRM 108

Zendesk

OCTOBER 18, 2022

In today’s competitive landscape, companies need to connect with their audience if they want to stand out from the crowd, retain customers, and build loyalty. In the Zendesk Customer Experience Trends Report 2022 , 60 percent of companies stated that succeeding at wowing customers has improved their customer retention.

Social Media 98

Social Media Social Listening Customer Journey Map CX 98

SurveySensum

JUNE 29, 2023

Implement a Robust Close-the-Feedback Loop System : Use a ticketing system to promptly resolve customer issues and escalate concerns to the appropriate authorities when necessary, fostering accountability and proactive problem-solving. And this leads to an increase customer retention and repeat purchase.

Customer Satisfaction 52

Customer Satisfaction Social Media Customer Relationship Customer Retention 52

Aquire

JULY 26, 2021

Invest in marketing so your customers are aware. Below are some of the ways you can go about it: Online Ads Social Media Press Releases Newspaper Ads Outdoor hoardings In-store signage Send out a customer satisfaction survey Send email newsletter Develop a customer referral program Hold an online contest Publish distributed content.

Customer Loyalty 98

Customer Loyalty Social Media Artificial Intelligence Innovation 98

Aquire

OCTOBER 19, 2021

Provides suggestions on how you can influence or address customer behavior. Example: Social media campaigns and online ads can increase sales of product X by 25 percent). The different kinds of customer analytics always fall under one of these four categories. 6 useful types of customer analytics.

Social Media 97

Social Media Net Promoter Score NPS Omnichannel 97

SurveySensum

JANUARY 26, 2024

Scenario : Emily, a fitness enthusiast, stumbles upon an online advertisement for a new fitness app while browsing social media. Key Touchpoints : Social media ad showcasing the app’s features. Key Touchpoints : Social media posts highlighting achievements. Positive reviews on app stores and websites.

Social Media 52

Social Media Touchpoint Start-ups Customer Feedback 52

Hodusoft

MARCH 22, 2024

Experience the Evolution: HoduSoft Showcasing HoduCC Omnichannel CX Suite at Enterprise Connect 2024 “Customer experience is one of the two core pillars of customer retention.” And amidst it all, HoduSoft aims to shine bright as an exhibitor.

Omnichannel 52

Omnichannel CX Sentiment Analysis Contact Center 52

Hodusoft

AUGUST 3, 2022

Do you know you can boost your customer retention rate up to 89% by just adopting a powerful omnichannel strategy? A hassle-free and seamless omnichannel experience for your customers is the cornerstone of robust customer service. For instance, an agent is assigned for a specific channel, say, social media.

Contact Center 52

Contact Center Omnichannel Social Media Sentiment Analysis 52

Zendesk

FEBRUARY 7, 2022

Customer analytics is the process of gathering and analyzing consumer data to gain meaningful, relevant insights into buying behaviors and preferences. Companies can collect customer data from a number of touchpoints, including websites, apps, social media, and surveys. Predictive analytics.

Predictive Analytics 98

Predictive Analytics Social Media Net Promoter Score NPS 98

Lumoa

AUGUST 23, 2021

New ways of interacting with customers A recent study from CMO found that 84% of companies were using social media for brand building and more than 54% have used it for customer retention. However, customers say that most companies fall short when it comes to meeting their expectations. What does that mean?

Customer Experience 94

Customer Experience Social Media CX Customer Retention 94

SurveySensum

JULY 4, 2023

Basically why and how customers are interacting with your brand. Analyze customer feedback from various sources such as surveys, social media comments, and customer service interactions. According to a research report by Antenna , the customer churn rate of Netflix was 2.4%

Customer Satisfaction 52

Customer Satisfaction Social Media Touchpoint Customer Feedback 52