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How to Prove the ROI of Customer Satisfaction (CSAT)

GetFeedback

It costs five times more to sell to a new customer than to sell to a happy one. This is an accepted rule of thumb, but in some industries, it can be much higher!) Use other business knowledge to find the ROI of your CSAT initiatives. If your CSAT metric is 60%, that means 40% of your customers are at risk of defection.

ROI 195
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Unlocking the Value of Customer Experience: A Guide to Measuring CX ROI

NobelBiz

As businesses prioritize customer satisfaction, understanding the nuances of measuring Customer Experience Return on Investment (CX ROI) has emerged as a strategic imperative. The capacity to measure and quantify the return on investment (ROI) of CX initiatives is critical for businesses to thrive.

ROI 111
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How to Choose a Partner for Your CX Program

InMoment XI

InMoment’s Principal CX Strategist Jim Katzman and guest speaker from Forrester, Senior Analyst Colleen Fazio discuss decision-making in regards to CX program initiatives, finding the right program size, proving ROI in your CX program, and more. Let’s dive into what we covered on our webinar.

How To 260
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Understanding Customer Experience Analytics: Unlocking Insights for Success

InMoment XI

What is the ROI of Customer Experience Analytics? Understanding the Return on Investment (ROI) of customer experience analytics is crucial for businesses aiming to justify their investments in this strategic initiative. Most organizations struggle proving ROI with their CX programs. Not sure what’s right for you?

Analytics 324
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Customer retention in the telecom industry – new thinking

TechSee

With the telecommunications industry at saturation point, and with services largely commoditized, providers suffer from exceptionally high rates of churn. Accenture reports that 77% of consumers are no longer loyal to any particular brand, telcos must work harder than ever to retain their customer bases.

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How Market Segmentation Can Be Used to Improve the Customer Experience

InMoment XI

The main ethos is this: what if we could split our customers into distinct groups—based on specific factors—so we can learn how to market our products to the right people? The 4 Types of Market Segmentation with Examples There are four common types of strategies that businesses use to segment their customer base.

Marketing 260
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2023 Outlook: The Future of the Banking Industry

West Monroe

It will be key to leverage data more strategically and expand digital solutions—both internally and customer-facing. The industry is fragmenting: Banks should move to offense. 2023 Outlook: The Future of the Banking Industry. Operation: Efficiency. Download our 2023 Outlook. get the report.

Banking 52