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Delivering Customer Experiences that deliver Value

CloudCherry

To get started in that journey, mapping your initiatives with outcomes is a pre-requisite. 80% of companies say they deliver “superior” customer service while only 8% of people think these same companies deliver “superior” customer service. Bridge customer comments with their actions.

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What is Customer Lifetime Value and How to Calculate It

ChurnZero

To calculate customer lifetime value, you need to know your average revenue per unit/user, your gross margin, and your average customer lifetime length. Customer Lifetime Value Formula: CLTV = [Average Revenue Per User/Unit (ARPU) x Gross Margin] x Customer Lifetime.

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Delivering Customer Experiences that delivers Value

CloudCherry

To get started in that journey, mapping your initiatives with outcomes is a pre-requisite. 80% of companies say they deliver “superior” customer service while only 8% of people think these same companies deliver “superior” customer service. Bridge customer comments with their actions.

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4 C’s of CX Culture: How Well is Your Company Doing?

Experience Investigators by 360Connext

Great customer experience means better business results. Customers will spend more, stay longer and tell their friends about the brand. If metrics like retention rate, lifetime customer value, and new leads from referrals are important to your company, then great customer experience is too.

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What is ‘Effective Customer Engagement Strategy’ in the Age of COVID-19?

Bold360

The phrase used to describe the integration of all these channels is omnichannel customer engagement. Why you need a strategy for omnichannel customer engagement. Put simply, you need to go where your customers are (i.e., What should a company consider when creating its customer engagement strategy?

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Bilingual Customer Support: Where Live Agents and AI Coincide

BlueOcean

Things like lifetime customer value/cost of customer churn come into play beyond the straight dollar-for-dollar cost of an agent hour. Your customers expect the same brand experience they have at every other moment in their journey—your website, your storefront, your marketing.

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Validating Your Outsourced Customer Care Partnership: Is Your Incumbent “Still the One”?

BlueOcean

Well, in a B2B customer success model, measuring renewal rates holds your outsourced partner accountable to targets that are tied to revenue and retention. Understanding Lifetime Customer Value (LCV) and how the service and support experience contributes to or detracts from the realization of LCV is critical ( more on the LCV metric here ).