Totango

MARCH 5, 2021

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 86

Customer Retention Net Promoter Score Start-ups NPS 86

Totango

FEBRUARY 9, 2022

Contract renewal is the stage in your SaaS customer’s lifecycle where they decide whether or not to extend a subscription that is about to expire. The start of the renewal phase depends on the length of your customer’s contract as well as your policy.

Customer Retention 94

Customer Retention Start-ups Technology Technology 94

SurveySensum

SEPTEMBER 21, 2023

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?

Customer Retention 52

Customer Retention Non-Profits Social Media Gaming 52

Totango

OCTOBER 2, 2020

Equipped with the knowledge provided by customer data, you can help your customer survive tough times by offering practical solutions that add value and ultimately contribute to customer retention during economic downturns — even ones caused by a pandemic. Customer Retention Is Your Future.

Customer Retention 118

Customer Retention Non-Profits Customer Acquisition Customer Relationship 118

Totango

JANUARY 26, 2021

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? Divide by your original number of subscribers at the start of the month.

Customer Retention 89

Customer Retention Customer Expectations Start-ups Sales 89

Aquire

SEPTEMBER 30, 2021

Does your business focus more on customer acquisition or customer retention? The most common answer is acquisition but the focus should be on retention. With the right customer retention strategies, you can ensure steady revenue and avoid losing market share to competitors. But first, let’s cover the basics.

Customer Retention 52

Customer Retention Customer Acquisition Start-ups Customer Satisfaction 52

Totango

AUGUST 29, 2019

When you retain a customer, you’ve won a valuable patron who will be far likelier to want future sales or try new products. . So, don’t focus solely on hunting up one-time customers. Apply a few key customer retention optimization strategies to build deep, lasting customer relationships. Be Proactive.

Customer Retention 87

Customer Retention Start-ups Customer Relationship Sales 87

Totango

APRIL 30, 2021

Comparing the cost of customer retention versus customer acquisition underscores why retaining clients is so important. Here’s how to calculate both kinds of costs and why retention should form part of a profitable business strategy. Calculating the Cost of Customer Acquisition. The result is your average CAC.

Customer Acquisition 63

Customer Acquisition Customer Retention Social Media Engineering 63

VOZIQ

MAY 6, 2021

Every month, we bring you the best resources from the internet to help you navigate customer retention and customer experience issues. How to Win the Retention Game: A Case Study with Lingopie. Customer acquisition and customer retention are two essential metrics for any organization.

Customer Retention 52

Customer Retention Customer Acquisition Gaming AI 52

VOZIQ

MAY 6, 2021

Every month, we bring you the best resources from the internet to help you navigate customer retention and customer experience issues. . How to Win the Retention Game: A Case Study with Lingopie . Customer acquisition and customer retention are two essential metrics for any organization.

Customer Retention 52

Customer Retention Customer Acquisition Gaming AI 52

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 63

Customer Retention Social Media Customer Acquisition Start-ups 63

VOZIQ

JANUARY 10, 2022

As we start the new year with renewed enthusiasm, we have put together for you our most-read insights and guides published over the year. This round-up is a handpicked compilation of AI-driven ideas, best practices, and action plans recommended by our customer retention experts. Playbook: Mastering Customer Retention.

Customer Retention 40

Customer Retention AI Customer Loyalty Start-ups 40

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

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

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

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. Listen to Your Voice of Customer Programs.

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

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

Inside Customer Service

JUNE 16, 2022

The vice president was talking about his company's customer service team. His primary concern was customer retention. He worried that employees were too transactional and didn't work hard enough to retain customers. Customer service reps didn't always see the big picture. "I want them to be more proactive."

Customer Service 193

Customer Service Customer Retention Start-ups Customer Satisfaction 193

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%. Webinars and Live Demos: The Secret to Leveling Up the Customer Game.

Customer Retention 73

Customer Retention E-commerce Start-ups Entertainment 73

Fonolo

NOVEMBER 24, 2022

By contrast, that means that having too many follow-up calls is linked with customer dissatisfaction. Lower Abandonment Rate: This KPI speaks to an essential part of customer service — immediacy. Customers will hang up, increasing your call abandonment rates. The whole thing starts to feel futile.

Net Promoter Score 147

Net Promoter Score Contact Center Customer Satisfaction Customer Retention 147

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

Intercom, Inc.

SEPTEMBER 10, 2020

Intercom’s Kate O’Hanlon recently caught up with Mark to talk about his approach to scaling, and why it’s a mistake to think that the formula for success is just about getting product-market fit and then adding sales reps. . According to Mark, customer retention is a far better indicator of success: .

Customer Retention 226

Customer Retention Sales Customer Acquisition Start-ups 226

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.

JULY 6, 2022

We started off the summer with a bang – hosting the Summer 2022 edition of New at Intercom and announcing three huge new product releases: SMS , the next-generation Inbox , and Custom Actions and Custom Objects in bots. Now you can easily capture the attention of your different customer segments with dynamic subject lines.

Start-ups 210

Start-ups Customer Retention 210

Inside Customer Service

MAY 12, 2022

Look up the coffee shop's address and plug that into the maps app. Companies with a strong service culture enjoy a number of advantages over their competition, including increased efficiency, customer retention, and reputation. Customer retention is another benefit. It all focused on being customer-obsessed.

Customer Retention 148

Customer Retention Start-ups Customer Service 148

ECXO

APRIL 18, 2024

He even ended up helping them debug it himself, staying up all night, fueled by his love for his customers and copious amounts of coffee. Another time, he had to mediate between a frustrated customer and an indifferent sales representative who had sold the customer a product that didn’t meet their needs.

Customer Experience 94

Customer Experience Start-ups Customer Feedback Sales 94

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. Follow-up with customers who cancel or don't renew.

Customer Acquisition 163

Customer Acquisition Social Media Customer Retention Start-ups 163

Inside Customer Service

MAY 11, 2023

Step 1: Identify expectations Start by meeting with the person who asked for the customer service training. Identify customer expectations from Measuring Learning Effectiveness by Jeff Toister Step 2: Gather data Gather data that will help you determine whether the training program achieved its goals.

Mystery Shopper 183

Mystery Shopper Customer Service Mystery Shopping Start-ups 183

Intercom, Inc.

MAY 28, 2019

Great onboarding transforms new customers from fleeting visitors to lifelong power users. It’s a continuous process of ensuring your customers get value from your product at every stage of their lifecycle. The math is simple: good onboarding = higher customer retention. You should split users up based on their behavior.

Start-ups 214

Start-ups Engineering Customer Retention 214

Totango

JULY 8, 2022

But in fact, you should be investing now more than ever in customer success. In order to protect your core business, which is your current customer base, you need to be making the necessary changes to keep up with delivery and communication of value to your customers. It’s time to “shift right.”. You need Totango.

CRM 104

CRM Customer Retention Start-ups Touchpoint 104

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. All of these services are literally things that you can get per month for $9, and they show up on your doorstep in a box.

Customer Retention 223

Customer Retention Start-ups Manufacturing Customer Acquisition 223

TeamSupport

OCTOBER 27, 2022

The bar is low, it looks easy to jump, but once you get into all the technicalities of the Fosbury Flop, it starts to get a smidge dicey. But if a business provides good customer service and places the customer first, then the effects of that commitmen t can be significant. Good customer service drives revenue.

Customer Service 98

Customer Service Customer Retention Start-ups Sales 98

PeopleMetrics

FEBRUARY 21, 2023

However, they did this several months ago and suddenly customer retention is starting to dip down again. Chances are that the change in customer needs wasn’t actually sudden but a gradual shift. Your customers’ needs are continually evolving, and smart businesses like yours know how important it is to keep up with them.

Customer Experience 117

Customer Experience Customer Journey Map Net Promoter Score Start-ups 117

VOZIQ

AUGUST 13, 2023

You will also discover how to retain customers through exceptional customer service, building trust and credibility, offering incentives and loyalty programs, and implementing customer retention strategies. Find our pick of books from every quarter for customer retention/service and much more in our blogs section.

Customer Acquisition 52

Customer Acquisition Customer Retention Finance Actionable Insights 52

Taylor Reach Group

MARCH 10, 2020

Over the past number of years, the customer experience (otherwise known as “CX”) has become a profession unto itself. Roles like Chief Customer Officer, Customer Experience Director, Manager, Customer Success have been popping up. This is a much better way to view customer complaints, right?

Customer Experience 123

Customer Experience Customer Journey Map Customer Retention NPS 123

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