Optimove

JUNE 22, 2020

Using loyalty data to power customer retention and reactivation. This is just one methodology ( with three more to download ) that demonstrates how marketers can easily use Optimove to discover customer insights, test their hypotheses, and optimize their CRM campaigns. How’d they do it, you ask?

Customer Retention 52

Customer Retention Loyalty Data Loyalty Programs 52

Storyminers

JULY 29, 2016

So how do you ensure your brand is retaining its precious customer base? We decided to ask experts one question: What is your most effective customer retention strategy for B2C brands? . VP of Customer Experience, Compellon. The most effective customer retention strategy is to focus, well, on retention.

B2C 124

B2C Customer Retention Strategy Brands 124

InMoment XI

FEBRUARY 17, 2022

You’ve probably heard that it’s vital for organizations to close these loops, as doing so can help you achieve everything from Experience Improvement (XI) to enhanced customer retention and sustained business growth. That’s true!

Survey 260

Survey Effort Score Feedback Government 260

Totango

SEPTEMBER 15, 2020

Your communication with your customer is the force multiplier that can unlock the full potential of your product. The advice, lessons, and encouragement you provide can guide your customer to achieve maximum return on their investment and drive growth that benefits both of you. Use Data-Driven Communication.

Communication 70

Communication Engagement Net Promoter Score Competitive Advantage 70

BirdEye

JULY 5, 2023

Relationship marketing is the strategy of cultivating meaningful relationships with customers to ensure long-term satisfaction and brand loyalty. This strategy uses online and offline communication channels for your business to build stronger relationships with your customer base. Why does relationship marketing work?

Examples 98

Examples Strategy Marketing Social Media 98

Bob Hayes

APRIL 29, 2018

Yet businesses are over 2x more likely to focus on acquisition efforts than they are retention efforts. In today’s post, I want to discuss why businesses need to increase their focus on customer retention efforts and why the are imperative to your customer acquisition efforts. Increase Revenue.

Customer Retention 64

Customer Retention Return on Investment Customers Case Study 64

Experience Investigators by 360Connext

APRIL 23, 2024

Metrics from customer surveys like Net Promoter Score (NPS) or Customer Satisfaction Rate (CSAT) are measurements from a certain group of customers to consider in your strategic decisions. Some organizations find that focusing on retaining customers in volatile times can provide more revenue than sales.

ROI 260

ROI CEM Net Promoter Score Customer Experience 260

CSM Magazine

MAY 10, 2024

For customer service managers, tackling early life churn is not just about retaining a number, but nurturing a potentially lifelong relationship with each customer. Digging into why customers leave early and coming up with smart plans to keep them can really turn your customer retention numbers around.

How To 52

How To Social Media Analytics Touchpoint 52

Bob Hayes

APRIL 29, 2018

Yet businesses are over 2x more likely to focus on acquisition efforts than they are retention efforts. In today’s post, I want to discuss why businesses need to increase their focus on customer retention efforts and why the are imperative to your customer acquisition efforts. Increase Revenue.

Customer Retention 64

Customer Retention Return on Investment Customers Case Study 64

NobelBiz

NOVEMBER 13, 2023

Satisfied customers are more likely to stay loyal and continue their relationship with the brand, leading to a higher customer retention rate and, ultimately, sustained revenue growth. Determine the threshold with which the focus groups must respond to recognize success.

ROI 111

ROI Net Promoter Score Measurement Customer Experience 111

Totango

JUNE 26, 2020

COVID-19’s effect on customer churn may have already begun, but there is still plenty you can do to increase customer engagement and retain the customers you have worked hard to win. Lean on Customer Data Segment Your Customers Be Proactive Communicators Be Flexible Revisit Goals and Success Points.

Customer Retention 92

Customer Retention Telecommunications Communication Customer Success 92

GetFeedback

DECEMBER 21, 2018

Learn about the top two customer surveys for predicting and increasing customer retention. Anytime a customer cuts ties, you experience the negative impact of customer churn. Here are 40 customer retention statistics that reinforce the growing need for customer experience management.

Customer Retention 390

Customer Retention Net Promoter Score Poor Customer Service B2B 390

SurveySensum

JUNE 29, 2023

A company, despite investing heavily in marketing and advertising, struggles to retain its customer base and faces a decline in sales. Well, here’s a startling statistic to ponder: 82% of customers stop doing business with a company due to poor customer service. Sound familiar?

Customer Satisfaction 52

Customer Satisfaction Marketing Exceptional Customer Service Social Media 52

ClientSuccess

DECEMBER 5, 2022

. • Increase customer satisfaction, retention, and loyalty. Receive invaluable customer feedback on products, services, and strategies. Gain insights into customer needs in order to develop better offerings. Improve communication between customers and the company. Find customer champions.

Tips 87

Tips Customer Success eBook Social Media 87

SmartKarrot

OCTOBER 13, 2023

Retaining those customers for the long haul is equally, if not more, essential. A high customer retention rate is a testament to a company’s customer-centric approach, resulting in increased profits, positive word-of-mouth, and enhanced brand reputation.

Customer Retention 10

Customer Retention Strategy Loyalty Programs Customer Centricity 10

Optimove

JUNE 1, 2023

They bring in more revenue: “Companies that focus their marketing on existing customers see a 20% increase in revenues.” Gartner) They represent top marketing ROI: “Increasing your customer retention rate by just 5% can lead to an increase of 25%-90% in profit.” If you’d like to see how we solve this challenge, get in touch !

Marketing 52

Marketing Multi-Channel Analytics ROI 52

Kustomer

JUNE 7, 2023

CX involves both direct interactions initiated by the customer, and also indirect interactions the customer has with the organization: for example, when a customer sees a wealth management company’s advertisement on a billboard or follows a bank on social media. Building a loyal customer base doesn’t just happen overnight.

Financial 98

Financial CRM Banking Effort Score 98

Totango

MAY 11, 2021

Stakeholder engagement and management is critical for customer retention. Match communication strategies to stakeholder roles. Identify stakeholder preferred communication channels. Personalize automated communication. Match Communication Strategies to Stakeholder Roles. Analyze key stakeholder motivation.

Engagement 85

Engagement Strategy Management Net Promoter Score 85

SurveySensum

JULY 11, 2023

Here’s how you can do it – Collect relevant customer data to understand their preferences and needs. Segment your customer base based on common characteristics or behaviors. Use customer persona to deliver personalized recommendations and offers. Must have Effective Communication! How do they do it?

Brands 83

Brands Customer Experience Effort Score Rewards Programs 83

SurveySensum

FEBRUARY 9, 2024

Know the information you seek and select your methods accordingly, whether it’s customer feedback surveys, interviews, focus groups, or a combination. However, if you want to know why, you can conduct one-on-one interviews or organize focus groups. Know who they are.

Tips 52

Tips Marketing Trends Groups 52

CSM Magazine

APRIL 16, 2021

CRM software provides users with access to a range of technologies that track and report metrics related to customer interactions, sales, productivity, and much more. Companies that do not leverage CRM software may struggle to produce accurate data on the state of interactions between the brand and the customer base.

CRM 52

CRM Software Social Media Customer Relationship Management 52

SmartKarrot

NOVEMBER 2, 2020

Customer retention is very challenging for businesses especially in 2020. The unprecedented times and business environment have made it uncertain for business leaders on what steps to take to retain customers. So, retaining customers becomes necessary for any company to sustain itself in this economic turbulence.

Customer Retention 21

Customer Retention Strategy e-support Social Media 21

LiveChat

APRIL 10, 2017

Put simply: once you build a solid customer base, it’s essential that you shift your focus toward retaining customers and ensuring they remain loyal. 4 Main Tenets of Customer Retention. Each of the strategies we’ll discuss throughout this article fall under one of four main principles: Knowing your customers.

Customer Retention 28

Customer Retention Loyalty Programs Customers Social Media 28

ChurnZero

MARCH 28, 2023

Early-stage SaaS businesses tend to put most of their focus on acquiring net new customers. For a little while, customer retention is a manageable task with existing staff. When you have only a handful of customers, your sales team, product team, customer support team—and even executives—can join forces to keep them happy.

Customer Engagement 52

Customer Engagement Engagement Company Strategy 52

PeopleMetrics

FEBRUARY 21, 2023

Picture this: your customer experience (CX) team has gone through your customers’ feedback, identified regular pain points in the customer journey, and found solutions to reduce friction and retain more customers. However, they did this several months ago and suddenly customer retention is starting to dip down again.

Customer Journeys 117

Customer Journeys Customer Experience How To Net Promoter Score 117

SurveySensum

JULY 4, 2023

Your business is doing great and after a while, you decided to do a survey to find out ways to improve your product and services and found out that many of your customers are looking for some vegan and gluten-free options for cookies and some plant-based milk options for coffees.

Customer Satisfaction 52

Customer Satisfaction Strategy Tips Social Media 52

SurveySensum

JULY 4, 2023

Your business is doing great and after a while, you decided to do a survey to find out ways to improve your product and services and found out that many of your customers are looking for some vegan and gluten-free options for cookies and some plant-based milk options for coffees.

Customer Satisfaction 52

Customer Satisfaction Strategy Tips Social Media 52

ECXO

MARCH 21, 2023

This ‘’culture’’ ensures that every employee in the organisation is committed to delivering the best possible experience for the customer. Based on the company ‘’mindset’’ and approach. Empowered employees: Employees must be empowered to make decisions that will benefit partners and customers. Think of it like a project plan.

B2B 98

B2B Customer Experience Roadmap Culture 98

CSM Magazine

JUNE 22, 2023

Integrating high-quality data into their customer service strategies will help companies achieve their goals, including increased customer retention rates, improved brand reputation, and higher profitability. This segmentation facilitates a more focused approach to reaching potential customers and generating leads.

Customer Service Strategies 52

Customer Service Strategies Strategy Customer Service Social Media 52

Kustomer

MARCH 23, 2022

Recent research carried out by Kantar found friends and family to be the most trusted source of recommendations in all age groups. In this post, we’ll be looking at how you can take advantage of this by leveraging the brand advocacy potential of your most loyal customers , who we’ll refer to as brand ambassadors throughout.

Brands 98

Brands Social Media Loyalty Omni-Channel 98

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. How to Leverage Customer Feedback to Build Customer Loyalty?

Retail 52

Retail Loyalty Connections Loyalty Programs 52

Totango

DECEMBER 16, 2020

AI supports customer success management by helping you align trends in your customer data with outcomes desired by your customers. To achieve this, AI taps into the Internet of Things to review customer data collected from all your communication channels. Reduce Customer Churn by Detecting Risk.

Trends 71

Trends Customer Journeys Customer Success Net Promoter Score 71

CustomerSuccessBox

JUNE 13, 2022

Customer Intelligence helps businesses better understand their customers so they can improve interactions and provide more tailored service. It also gives businesses the data to optimize client communications through segmentation methods and campaign planning. Customer success and the role of Customer Intelligence.

Customer Success 52

Customer Success Net Promoter Score Customer Centricity ROI 52

SurveySensum

JANUARY 26, 2024

Address price concerns : Customers are more likely to proceed with the purchase if they perceive they are getting value for their money. So, ensure that your pricing is competitive within your industry and communicate the unique value propositions and benefits of your product or service. Customers often appreciate transparent pricing.

Customer Journeys 52

Customer Journeys Social Media Touchpoint Tips 52

SurveySparrow

DECEMBER 29, 2023

When it comes to business competition, offering an exceptional customer experience (CX) is an absolute must. An outstanding CX is the heart of customer retention and a key strategy for customer acquisition. Leverage tools such as surveys, interviews, focus groups, and data analytics to amass this information.

Roadmap 52

Roadmap Net Promoter Score Customer Journeys Customer Experience 52

BirdEye

MARCH 24, 2023

The objective of any marketing strategy development is to identify consumers in need of products or services the company offers and the efforts to initiate communication with those customers and build relationships that lead the consumer to buy that product or service. Study your competition and determine what sets you apart from them.

Return on Investment 98

Return on Investment Social Media Sales Metrics 98

SurveyGizmo

DECEMBER 21, 2022

Past behaviors and mobile customer engagement history You don’t want to reach out to first-time customers and dedicated loyalty-club member s in the same way. Communicating with both through the same message does neither group any good. Shifts in sentiment Customer sentiment is the emotion behind customer engagement.

Customer Engagement 52

Customer Engagement Feedback Engagement How To 52