InMoment XI

FEBRUARY 12, 2024

Whether it’s tracking customer acquisition costs, monitoring sales conversion rates, or analyzing customer lifetime value, access to relevant and actionable data empowers stakeholders to collaborate effectively and optimize strategies to maximize overall company ROI. How Does Integrated Customer Experience Work?

Effort Score 260

Effort Score NPS Net Promoter Score ROI 260

InMoment XI

MARCH 25, 2024

Organizations should take a closer look at predictive analytics examples to discover the myriad of ways that data and artificial intelligence (AI) can power more personalized customer experiences and enhance brand loyalty and customer retention. Improve customer lifetime value. Prioritize sales efforts.

Analytics 260

Analytics Examples Customer Experience Effort Score 260

SmartMessage Blog

JULY 13, 2023

Every brand dreams of loyal customers. Building customer loyalty is essential for growth. Companies build strategies and heavily invest to maintain a solid customer base in today’s fiercely competitive business world. According to expressanalytics, customer retention costs up to 6 times less than acquisition.

Loyalty 40

Loyalty Management Loyalty Programs Competitive Advantage 40

Currency Alliance

OCTOBER 12, 2020

That type of simple recognition goes a great way in building loyalty with customers. This presentation is about driving customer engagement, and how the loyalty industry is transforming in order to engage with the mid-tail and long-tail customer. Loyalty programs must evolve to keep customers engaged.

Loyalty 98

Loyalty Marketing Loyalty Programs Banking 98

Pointillist

MARCH 20, 2019

By Swati Sahai The importance of calculating your customer experience ROI cannot be overstated—how will you build, measure and regularly optimize your customer experience efforts if you don’t know the return on your CX investments? However, they also reward good customer experience with continued loyalty.

ROI 59

ROI Customer Experience Self Service How To 59

Lumoa

JUNE 30, 2022

The research on customer experience value speaks for itself: Research from Dimension Data reports that 84% of companies who invest in customer experience report seeing an increase in revenue and 92% of them see an increase in customer loyalty. Pick one area and make a change to the customer experience.

Customer Experience 277

Customer Experience How To Metrics Feedback 277

ClearAction

MARCH 24, 2017

Value Chain Solution to VoC ROI Lynn Hunsaker. Voice-of-the-customer (VoC) ROI can be elusive unless you’re adamantly driving customer experience transformation. The key to VoC maturity and ROI is not sophistication or breadth of market research. That is what customers reward. What is a value chain?

ROI 48

ROI Effort Score Customer Journeys B2B 48

Eptica

JUNE 21, 2017

Date: Wednesday, June 21, 2017 Demonstrating the financial ROI of better customer experience. Author: Vincent Giraud All organizations understand the importance of customer experience to the bottom line. Create a realistic figure for the percentage likely to switch in order to calculate potential savings and thus ROI.

ROI 63

ROI Financial Self Service Customer Experience 63

ModSquad

AUGUST 25, 2022

Evaluate ROI, not just costs. Customer support, when done well, is one of your greatest marketing tools. Customer satisfaction is at the heart of every strong brand. It is the source of loyalty that inspires return customers and the referrals that attract new ones. Don’t lose ground. We can help.

ROI 98

ROI Analysis Customer Satisfaction Brands 98

delighted

DECEMBER 10, 2019

ROX is the new customer experience ROI. Let’s get right into it — how customers perceive your brand can influence the success of your business more than ever before. Expected Customer Experience (CX) impact on loyalty. But what exactly is the return? This couldn’t be more inaccurate.

ROI 40

ROI Measurement Customer Experience Effort Score 40

Natalie Petouhof

AUGUST 20, 2015

So getting personalization right not only makes the customer feel like you know them, you care about what they care about, but also you are paying attention. Of course this can be difficult with large customer bases. Customers buy from those who make it easy to buy from them and easy to find what they need and want.

ROI 40

ROI Loyalty Brands Customer Experience 40

CSM Magazine

AUGUST 15, 2023

In this article, we will explore the concepts of customer acquisition and customer retention, the ways in which they drive growth, and why finding the right balance between the two is essential for maximizing return on investment (ROI). It marks the first step in building a customer base and generating initial revenue.

Customer Retention 52

Customer Retention Return on Investment ROI Social Media 52

PK

AUGUST 16, 2018

Simply put, Loyalty is important. Loyalty is comprised of a constellation of concepts, the Customer Ecosystem, that come together to influence a customer, but it also has a huge impact on business outcomes for our clients. These antecedents, customer outcomes, and business outcomes are all part of the Customer Ecosystem.

Loyalty 40

Loyalty Customer Satisfaction Measurement ROI 40

Magellan Solutions

OCTOBER 18, 2016

Most businesses spend the majority of their resources on getting new customers that they tend to ignore their most prized asset: their existing customer base or network. “It It is cheaper to retain than acquire a customer,” says 70% of respondents from Econsultancy/Responsys Cross-Channel Marketing Report 2013.

Customer Base 40

Customer Base Social Media ROI Customer Retention 40

Experience Investigators by 360Connext

FEBRUARY 6, 2024

We know CX teams can deliver significant business advantages: Satisfied customers are much more likely to purchase more Revenue grows 40% faster by providing personalized experiences Businesses achieve a 2.3x CX teams use a variety of metrics to guide their efforts, drive improvements, and measure ROI. Customer Effort Score What is it?

Metrics 270

Metrics Effort Score Net Promoter Score Data 270

Thematic

APRIL 17, 2024

Transform into a meaningful structure: Customer experience analytics uses a mix of quantitative (metrics, trends) and qualitative (thematic analysis, topic analysis) techniques to transform this data into meaningful insights. Analyze for actionable insights: Customer experience analytics identifies the key pain points and opportunities.

Analytics 62

Analytics Customer Experience Analysis Effort Score 62

Thematic

APRIL 17, 2024

Transform into a meaningful structure: Customer experience analytics uses a mix of quantitative (metrics, trends) and qualitative (thematic analysis, topic analysis) techniques to transform this data into meaningful insights. Analyze for actionable insights: Customer experience analytics identifies the key pain points and opportunities.

Analytics 62

Analytics Customer Experience Analysis Effort Score 62

Thematic

APRIL 17, 2024

Transform into a meaningful structure: Customer experience analytics uses a mix of quantitative (metrics, trends) and qualitative (thematic analysis, topic analysis) techniques to transform this data into meaningful insights. Analyze for actionable insights: Customer experience analytics identifies the key pain points and opportunities.

Analytics 62

Analytics Customer Experience Analysis Effort Score 62

ClearAction

MAY 18, 2017

5 Radical Changes to VoC of the Future for ROI Maturity optimizecx. What’s the greatest challenge Voice of the Customer (VoC) managers face? Here are the radical changes I believe will be VoC of the future: (1) Let customers and employees give you feedback anytime , anywhere, any way. Value Chain Solution to VoC ROI.

ROI 54

ROI Feedback Survey Financial 54

Currency Alliance

JUNE 16, 2020

For most of the last decade, loyalty marketing seemed to be on autopilot for many brands – but the tide is turning. Many of the entrants to this years’ Loyalty Magazine Awards were as adept with data and technology as marketers in many other disciplines. Brilliantly, Voxi has spun this very feature into a loyalty driver.

Loyalty 52

Loyalty Innovation Travel Loyalty Programs 52

Beyond Philosophy

NOVEMBER 10, 2014

So instead of writing philosophically about the importance of optimizing your Customer Experience to creating an emotional engagement that creates loyalty between your Customers and your organization like I usually do, I will limit this post to facts and figures.

Net Promoter Score 164

Net Promoter Score ROI Customer Experience Insurance 164

Optimove

FEBRUARY 13, 2024

These magical tools help increase response rates, return on investment (ROI), customer engagement, loyalty, and retention. Key takeaways: Explore the enchanting capabilities of Opti-X , designed to ignite customers’ love and loyalty in a heartbeat.

Return on Investment 59

Return on Investment Loyalty Tips Groups 59

Beyond Philosophy

JANUARY 19, 2019

With a focus on these five key actions, you will not only improve your Customer Experience, but you can also get a jump on the competition in the new year. Focus on the ROI of CX improvement. Having a record of your return on investment (ROI) for Customer Experience programs is vital. But not all ROI is sales-based.

Net Promoter Score 84

Net Promoter Score Marketing ROI Return on Investment 84

Beyond Philosophy

JANUARY 19, 2019

With a focus on these five key actions, you will not only improve your Customer Experience, but you can also get a jump on the competition in the new year. Focus on the ROI of CX improvement. Having a record of your return on investment (ROI) for Customer Experience programs is vital. But not all ROI is sales-based.

Net Promoter Score 79

Net Promoter Score Marketing ROI Return on Investment 79

CX Journey

SEPTEMBER 17, 2015

As you brainstorm about each of these sections, you will not only put yourself in your customers' shoes, but both you and your customers will see a greater ROI all around. For your customers, as you take the time to actively listen and engage with them, they will feel like their voices are important and validated by your brand.

Loyalty 80

Loyalty Exercises Social Media Video 80

CSM Magazine

SEPTEMBER 22, 2022

Of course, every business wants to retain 100% of its customers (and increase the amount they spend!), but you’ll need to implement effective retention strategies if you want to keep hold of your customer base. To get started, take a look at these four ways to increase customer retention: 1. Loyalty Incentives.

Customer Retention 52

Customer Retention Loyalty ROI Retail 52

Magellan Solutions

FEBRUARY 20, 2024

Toys “R” Us Toys “R” Us faced financial challenges but didn’t let that stop them from enhancing their customer shopping experience. They implemented managed live chat support, allowing customers to have real-time conversations with support agents. Outcome: Enhanced brand loyalty and customer retention.

Company 52

Company Chatbots Customer Satisfaction Abandon Rate 52

Currency Alliance

JUNE 11, 2019

“Extra” was a 4% interest rate which earned the average working family £100-200 a year – the kind of value you can earn from a supermarket loyalty card. Economic cycles aside, though, the real problem is that it attracts entirely the wrong sort of customer. Customers appreciate the free money, but it simply doesn’t make them loyal.

Banking 40

Banking Loyalty Consumers Loyalty Programs 40

TechSee

JANUARY 7, 2020

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. Acquisition costs far outweigh those of keeping current customers, further motivating companies to implement innovative strategies to boost customer retention in the telecom industry.

Customer Retention 136

Customer Retention Industry Telecommunications Effort Score 136

ShepHyken

OCTOBER 4, 2019

Smart businesses are now turning their heads to customer engagement platforms. An effective customer engagement platform allows you to reward your brand loyals. Such rewards drive better revenues, ROI, and profits. What is customer engagement? Well, there is nothing fancy about customer engagement.

Brands 121

Brands Engagement How To ROI 121

Totango

JUNE 28, 2022

But during an economic downturn , when companies are cutting costs and putting a halt on investing in new products, the CMO’s focus has to switch from facilitating growth through new customers to promoting growth via the company’s current customer base. . Maximize Your Return on Investments.

Return on Investment 74

Return on Investment Competitive Advantage ROI Effort Score 74

LiveChat

OCTOBER 31, 2019

Thankfully, with the use of automation technologies, you can eliminate time-consuming and error-prone manual processes while leveraging a large amount of customer data to deliver a responsive and personalized customer experience. 4 automation strategies to improve customer loyalty. Marketing automation.

Loyalty 57

Loyalty Strategy Omni-Channel Call Center 57

Magellan Solutions

MAY 16, 2024

Businesses should understand these factors to make informed decisions about customer service outsourcing. Let’s explore the key elements that influence the pricing of outsourced call centers : Technology and Infrastructure Companies should consider ROI when investing in advanced call center tech.

Call Center 52

Call Center Average Handle Time ROI Omni-Channel 52

CX University

MARCH 18, 2024

The company leverages AI and machine learning to create custom and targeted experiences for customers based on their unique preferences, browsing history, and purchase behavior Benefits of Hyper-Personalization The shift towards hyper-personalization offers benefits for both businesses and customers. Customer Retention.

Customer Experience 52

Customer Experience Retail Customer Retention Loyalty 52

Comm100

JULY 20, 2020

This, in turn, increases customer confidence and loyalty. Customers expect 24×7 access to things that interest them. Every social media platform has a different customer base in terms of basic demographics, purpose, and user behavior, which is why chatbots need to be integrated with all your profiles.

Social Media 133

Social Media Chatbots ROI Brands 133

ECXO

JUNE 11, 2023

Has your business designed a differentiated experience that matches this fundamental shift in who your business customers are and how they buy? Investing in experience design is essential for any company looking to drive customer-led growth. Which metrics should you use to track to measure performance and demonstrate ROI?

B2B 128

B2B B2C Touchpoint Customer Journeys 128

Bob Hayes

APRIL 11, 2016

Customer relationship surveys play a major role in helping improve the customer experience and increase customer loyalty. In their attempts to improve systemic problems, companies use these data to identify where customer experience improvement efforts will have the greatest return on investment (ROI).

Analytics 40

Analytics Loyalty Survey Data 40