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Is the Chief Customer Officer a Worthwhile Addition to the C-Suite?

Retently

But taking customer satisfaction lightly can be dangerous too. Some studies from 2016 suggest that poor customer service costs businesses up to $62 million per year. trillion per year when their customers leave – and that’s only in the US. Well, that’s where the Chief Customer Officer comes into play.

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Customer retention analytics: 5 strategies to reduce churn with data

Thematic

Today, it’s more about offering customers something as personalized as possible, so that they feel truly special. So, let’s look at ways to reduce churn with customer retention analytics and why it’s important in the first place. What is customer retention? Keeping existing customers allows for more sustainable growth.

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Beyond the Hotel: Earning Guest Loyalty with Hospitality Tech

Currency Alliance

The Resolution Foundation, a UK-based research organization, recently published data showing that 11% of the market for “hotels and similar accommodation” was owned by the top 5 brands in the sector in 2016; a drop of three percentage points from 2004[i]. On the contrary, the hotel remains a highly valued experience offering.

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Understanding the Joint Success Plan: A Tool for Outcome-Based Customer Success Management

ChurnZero

A J oint Success Plan is a simple but powerful tool for outcome-based customer success management. It’s designed to help solution providers align with their customers’ business goals and objectives. Customer success continues to evolve as a practice within companies that enjoy recurring revenue models.

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10 Ways to Build Customer Centric Organization

ProProfs Chat

These two features allow you to understand the type of solution your operators provided to make sure that the end result was customer delight. . In fact, discuss and set KPIs based on customer centricity examples for your employees to follow and deliver. Grumpy Carer (@GrumpyCarer) November 14, 2016. PLEASE SHARE!!

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6 Tools That Will Help You Increase Your Customer Acquisition Rate

LiveChat

You can also find out what pages referred your visitors to your site, which social media platform directs the most prospects to your site, and which piece of your content is drawing the highest number of visitors. LiveChat can help you deliver instant answers to your customers, and increase revenues as a result. Bounce Exchange.

Tools 45
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10 referral marketing strategies to help you get ahead

BirdEye

However, just expecting your existing customers to refer their friends and family members to your business is not a great strategy. Customers love being the person who refers someone to a great business and with the right strategy, it can help your business grow faster and better.