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24 Experts Reveal Their Top Customer Retention Strategies For B2C Brands

Storyminers

And as we all know, replacing an existing customer costs 7 times more than retaining them. 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? . Annette Franz.

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6 Customer Retention Strategies that are Here to Stay

ClientSuccess

Adding credibility to this statement is a research study by Invesp Consulting which suggests: Existing customers are 50% more likely to try new products and spend 31% more than new users! Increasing customer retention by 5% can increase profits by 25-95%. Real Benefits with Real-Time Support. Offering 24/7 support.

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Implementing 24/7 Customer Service for Your Business? Here Are 9 Good Reasons Why You Should!

Kustomer

With the growth of e-commerce, businesses can now sell in a global marketplace. In fact, more than two billion people bought online in 2020, with worldwide e-commerce sales exceeding $4.2 The answer is to implement a 24/7 customer service model. Why You Should Switch to 24/7 Customer Service for Your Business.

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Top 5 Customer Service & CX Articles for the Week of August 7, 2023

ShepHyken

Since the beginning of my career, I’ve preached about that many customer service skills and CX strategies apply to every type of company in any industry. That includes B2C, B2B, and G2C (Government to Citizen). Using AI the right way will enhance the relationship versus frustrate the customer. Is it getting out of hand?

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Live Chat Statistics 2020: Trends and Insights

Magellan Solutions

This support channel started as an alternative to email and phone call, but as time passes by, live chat statistics 2020 shows that it is one of the preferred communication channels of customers today. According to Forrester , more than 41% of customers expect live chat on websites.

Trends 52
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50+ Customer Experience Statistics for 2020

ProProfs Chat

Did you know that 67% of people worldwide believe that customer service as a whole is improving? One of the top reasons why customers have higher expectations from their preferred brands to offer the best service experience! Prompts them to share their awesome experience with your brand on public platforms.

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What’s the Job Outlook for Customer Success Professionals?

ChurnZero

Report trends for Customer Success: 34% annual growth for Customer Success Managers (CSMs) in 2018. 72% of Customer Success roles are in the Software & IT industry with other top hiring industries including Internet, Marketing, and Finance. This means a vigilant focus on growing customer retention and lifetime value.