ClientSuccess

JUNE 19, 2019

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%. This program rewards users with points for each dollar spent.

Customer Retention 73

Customer Retention Strategy e-support Loyalty 73

ChurnZero

MAY 18, 2021

Be it a B2B or B2C business, assuring your customers that you are a better choice than the competition is easier said than done. It takes a better customer experience to actually persuade them in a realistic manner. Existing customer – Keep’em for life. Turn customers into brand advocates.

Customer Journeys 84

Customer Journeys Loyalty Programs B2C Touchpoint 84

Kustomer

JANUARY 11, 2022

Depending on the nature of your business and the needs of your customers, implementing automated assistance in the shape of features such as chatbots can offer many benefits, from quicker response times to streamlining staff expectations. Better Customer Retention. Improved Loyalty. Image source: financesonline.com.

Customer Service 98

Customer Service e-support Self Service Customer Retention 98

ShepHyken

APRIL 20, 2020

Loyalty programs boost businesses’ ability to keep customers by Jill Young Miller. Louis) In business, simple loyalty programs can strongly increase customer retention, Washington University in St. 7 Ways to Add More Value to Your Loyalty Program by Emily Rudin. And when the U.S.

Loyalty Programs 64

Loyalty Programs Customer Service Rewards Programs Loyalty 64

Optimove

OCTOBER 5, 2023

The results revealed that 54% of marketers have chosen to allocate more than half of their marketing budget to new customer acquisition. In contrast, only 13% have opted to invest over half of their budget in customer retention. Recognizing and rewarding user loyalty can significantly reduce churn. Fright Level: 2.

Marketing 72

Marketing Survey B2C Loyalty 72

Comm100

JANUARY 21, 2020

B2B vs. B2C conversion. B2B and B2C digital journeys have their own set of channel preferences. B2B companies have been slower than B2C in adopting digital transformation. However, they’re catching up quickly in response to customer demand—and it’s paying off. B2B tends to expect responses within 1-24 hours.

Customer Journeys 100

Customer Journeys Social Media B2C Omni-Channel 100

Totango

JUNE 4, 2021

We’ll show you how to multiply opportunities for engagement through strategies such as personalization, in-app messaging, customized promotions and loyalty programs. By combining technology with best practices, you can maximize interaction with your clients and build brand loyalty. Reward Customer Loyalty.

Customer Engagement 62

Customer Engagement Engagement Customer Journeys B2C 62

SmartMessage Blog

OCTOBER 27, 2022

Today, all brands spend a lot of effort on customer journey maps, that is, creating new customers and retaining their existing customers. From the moment of entering the customer’s radar to the phase of loyalty and advocacy, every touch matters. 4) Retention Phase . 3) Decision – Purchase Phase

Customer Journeys 40

Customer Journeys Customer Experience Omni-Channel Analysis 40

SmartKarrot

MAY 7, 2020

Ever since the boom of the SaaS industry, customer retention has become the top-most priority for business owners as they realized the immense benefits of it. Customer retention specialist is the new breed of professionals who are being specifically brought on board to tap on the opportunities that lie behind customer retention.

Customer Retention 10

Customer Retention Social Media B2C Loyalty Programs 10

ProProfs Chat

MAY 6, 2020

Customer Experience ROI Statistics. Customer Experience Through Social Media. Customer Experience & Engagement Statistics. Customer Experience & Retention Statistics. Customer Experience & Loyalty Statistics. Customer Experience & Satisfaction Statistics.

Customer Experience 66

Customer Experience Social Media e-support Comparison 66

SurveySparrow

MARCH 29, 2023

By increasing customer retention just by 5%, you can boost profits by more than 100%, according to a study by Harvard Business Review. This stat is a telling statement of the importance of having loyal customers. Incentivize your customers for staying loyal to you. Examples: Costco and Walmart.

Customer Journeys 52

Customer Journeys Ecommerce Touchpoint Social Media 52