Remove win-back-lost-customers
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Gross Retention vs. Net Retention: What’s the Difference?

Totango

For example, let’s say your MRR at the start of the month was $100,000, your MRR from renewals at the end of the month was $95,000, you lost $2,500 from churn, and you lost another $2,500 from downgrades. However, it does not factor in any additional revenue from customers who increased their average spend.

Metrics 108
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Keep Moving Forward Through These Difficult Times

Steve DiGioia

Because of the Coronavirus, I think I should stop writing, at least for a while until the world gets back to normal. The losses suffered by some will still hurt, and the slow, lumbering climb back to normalcy will, at some point, begin. Will we ever care about customer service the same way again? Well…yes, it is.

Hotels 262
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What’s the Customer Loyalty Loop?

GetFeedback

The value of loyal customers can’t be overestimated—they trust your business, make more purchases, and act as brand advocates. Although there are newer versions of the conversion funnel that track the Retention stage at the end, there’s an even better method of measuring and maintaining customer retention: the loyalty loop.

Loyalty 220
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When Sales and Customer Service Collide

ShepHyken

Lately, I’ve been thinking about how sales and customer service combine to create an experience – hopefully a positive one. She created an experience for her customer. This is where sales and customer service collide. Brian Knight , a professional speaker on team performance, posted the story on his blog. I’ve never lost.”

Sales 123
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Understanding Negative NPS Score: Causes, Impact and Solutions

Lumoa

You’ve designed your NPS survey and emailed it to all your customers—and the results are in… but not those you were expecting. When it comes to gauging customer sentiment and loyalty, few metrics enjoy such widespread acclaim as the Net Promoter Score (NPS). In this blog post, we’ll answer all these questions and more.

NPS 208
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Guest Blog: 3 Key Principles for Customer Satisfaction

ShepHyken

This week we feature an article by Nathalie Herrman who writes about three key principles that are at the root of all great customer service. She also reminds us that the customer experience begins with the employee experience. – Shep Hyken. Acknowledge what’s being said or implied and mirror their concerns and needs back to them.

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Grow Through Improving Customer’s Lives: 7 Actions of the Most Admired Companies

Customer Bliss

They work to remove boundaries and pressures that prohibit customer-driven decision making. They honor the human at the end of their decisions, establish a balanced relationship with customers and partners, and put employees in a position to act at work, like they’d act at home. They honor customers as assets.

Company 216