Pointillist

JUNE 15, 2018

Much of the marketing world is still focused on customer acquisition, but to improve customer retention will yield f ar better ROI and cost about 5-25X less than customer acquisition. What is Customer Retention? Why Customer Retention Matters. My Customer Retention ?

Customer Retention 110

Customer Retention Analytics Loyalty Programs Customer Journeys 110

Optimove

JUNE 22, 2020

Using loyalty data to power customer retention and reactivation. This is just one methodology ( with three more to download ) that demonstrates how marketers can easily use Optimove to discover customer insights, test their hypotheses, and optimize their CRM campaigns. To learn more, download the full use case here.

Customer Retention 52

Customer Retention Loyalty Data Loyalty Programs 52

Magellan Solutions

AUGUST 17, 2020

With all the advertisements people see on the internet every day, customers can easily jump from your brand to another if you don’t have strong customer retention strategies. . To make your business thrive, you need to take care of one of the most important assets — your customers. What is Customer Retention?

Customer Retention 52

Customer Retention Strategy Loyalty Exceptional Customer Service 52

BirdEye

JULY 5, 2023

However, constantly acquiring new customers without investing in strategies to retain them can prove quite harmful to the bottom line. To first time customers turn into loyal customer, it is important to invest in building relationships with them. This blog helps you grow your business with relationship marketing.

Examples 98

Examples Strategy Marketing Social Media 98

Thematic

DECEMBER 5, 2018

Think customer loyalty programs are all about getting generic discounts, points and rewards? Today, it’s more about offering customers something as personalized as possible, so that they feel truly special. What is customer retention? Why is customer retention important? Think again.

Customer Retention 96

Customer Retention Analytics Data Strategy 96

Win the Customer

SEPTEMBER 12, 2023

Traditional businesses often face the challenge of adapting to new customer expectations and technologies. Even long-established businesses can embrace change and revolutionize their customer interactions. In this blog post, we’ll explore strategies that traditional businesses can adopt to innovate in customer experience.

Innovation 59

Innovation Customer Experience Loyalty Programs Customer Centricity 59

ShepHyken

JANUARY 4, 2024

He shares five practical strategies businesses can use to increase customer retention rates. However, earning and preserving loyal customers in a competitive market is no easy feat. In this blog, we’ll discuss five practical strategies businesses can use to increase customer retention rates.

Loyalty 66

Loyalty Strategy Customer Retention Social Media 66

Win the Customer

SEPTEMBER 21, 2020

A simple answer is by focusing your efforts on customer retention. What is Customer Retention? Customer retention is the collection of activities a business uses to increase the number of repeat customers and to increase the profitability of each existing customer. But does one achieve that?

Sales 111

Sales Customer Engagement e-support Engagement 111

BirdEye

OCTOBER 27, 2023

Have gated content For a deeper dive into these strategies, read through our detailed blog. Table of contents What is customer acquisition? Why is customer acquisition important? How do you optimize customer acquisition? What is customer acquisition cycle? What is a customer acquisition strategy?

Strategy 57

Strategy Social Media Multi-Channel Advertising 57

Bold360

DECEMBER 8, 2016

A funny thing happened when researchers asked consumers and marketers associated with the travel industry how they viewed the industry’s well-known loyalty programs. The study , reported in the Harvard Business Review, says a lot about how customer retention strategies can go awry when customer-centric principles get turned inside out.

Customer Retention 40

Customer Retention Strategy Social Media Loyalty Programs 40

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

SmartMessage Blog

JULY 20, 2023

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. Statistics state that it is more profitable to keep current customers compared to acquiring new ones.

Loyalty 52

Loyalty Management Loyalty Programs Competitive Advantage 52

SurveySensum

JUNE 29, 2023

A company, despite investing heavily in marketing and advertising, struggles to retain its customer base and faces a decline in sales. Well, here’s a startling statistic to ponder: 82% of customers stop doing business with a company due to poor customer service. Sound familiar?

Customer Satisfaction 52

Customer Satisfaction Marketing Exceptional Customer Service Social Media 52

Win the Customer

DECEMBER 19, 2022

In this blog post, we’ll explore how the restaurant industry has used technology, specifically digital menus and order-ahead apps, to transform the customer dining experience. This visual appeal not only enhances the overall dining experience but also encourages customers to explore new and exciting menu items.

System 52

System Loyalty Programs Wait Times Technology 52

SmartMessage Blog

JULY 13, 2023

Companies build strategies and heavily invest to maintain a solid customer base in today’s fiercely competitive business world. Statistics state that it is more profitable to keep current customers compared to acquiring new ones. According to expressanalytics, customer retention costs up to 6 times less than acquisition.

Loyalty 40

Loyalty Management Loyalty Programs Competitive Advantage 40

CSM Magazine

JUNE 27, 2023

Having customers that are loyal to your brand is the dream. Studies show that a 5% increase in customer retention can lead to an increase of between 25% and 95% in revenue. It makes sense then that promoting customer loyalty should be on every business’s to-do list.

Loyalty 52

Loyalty Customer Service Loyalty Programs Customers 52

Retently

JUNE 28, 2022

In addition, it is a nice touch to reach out to those customers who already promote your brand in social media or blogs and offer them a gift to reward their loyalty and willingness to recommend you. Meaningful loyalty programs not only drive customer retention by showing care towards existing customers.

NPS 148

NPS Net Promoter Score Feedback Case Study 148

BirdEye

SEPTEMBER 11, 2023

With Artificial Intelligence (AI)-based solutions, improving customer experience is achievable and scalable. In this blog post, we explore how businesses can drive delight in their customers with AI-driven customer experience models. Table of contents What is AI-driven customer experience?

Customer Experience 112

Customer Experience Self Service Social Media How To 112

LiveChat

APRIL 10, 2017

Put simply: once you build a solid customer base, it’s essential that you shift your focus toward retaining customers and ensuring they remain loyal. 4 Main Tenets of Customer Retention. Each of the strategies we’ll discuss throughout this article fall under one of four main principles: Knowing your customers.

Customer Retention 28

Customer Retention Loyalty Programs Customers Social Media 28

Win the Customer

SEPTEMBER 21, 2020

A simple answer is by focusing your efforts on customer retention. What is Customer Retention? Customer retention is the collection of activities a business uses to increase the number of repeat customers and to increase the profitability of each existing customer. But does one achieve that?

Sales 52

Sales Customer Engagement e-support Engagement 52

CustomerSuccessBox

NOVEMBER 23, 2021

How to Increase Customer Loyalty. We can discern four axes to develop customer loyalty within your company: Keep in touch with your customers Learn more about your customers Create loyalty programs Provide relevant advice. One of the best retention strategies is to maintain a constant presence.

Loyalty 52

Loyalty Net Promoter Score Loyalty Programs Effort Score 52

SurveySensum

JANUARY 26, 2024

Develop content like how-to videos, tutorials, guides, etc that help customers in their decision-making process. Address common concerns and provide solutions through blog posts, FAQs, and webinars. Educational Resources : Provides webinars, case studies, and tutorials to help customers deepen their understanding of your product.

Customer Journeys 52

Customer Journeys Social Media Touchpoint Tips 52

BirdEye

DECEMBER 8, 2023

However, a robust and effective carpet cleaning marketing strategy is pivotal in making your business stand out and attract customers. This blog is all about that. By regularly sharing content and promotions and interacting with your audience, you stay top-of-mind when customers need carpet cleaning services.

Tips 57

Tips Strategy Marketing Social Media 57

SmartKarrot

NOVEMBER 2, 2020

Customer retention is very challenging for businesses especially in 2020. The unprecedented times and business environment have made it uncertain for business leaders on what steps to take to retain customers. So, retaining customers becomes necessary for any company to sustain itself in this economic turbulence.

Customer Retention 21

Customer Retention Strategy e-support Social Media 21

SurveySensum

NOVEMBER 6, 2023

So, with this blog, we will delve deeper into the right NPS methodology that will help you turn your NPS feedback into action. Its importance lies in the fact that It is a simple survey that makes it easy for customers to respond, and for businesses to interpret and act on the feedback. What is NPS? But Why is NPS Important?

NPS 52

NPS Feedback Effort Score Customer Journeys 52

SurveySensum

JUNE 1, 2023

In today’s retail landscape, customer loyalty is a currency that’s hard to come by. Therefore NPS Benchmarking is a must-have weapon in your customer experience arsenal. In this blog, we discuss the importance of NPS benchmarking in retail, the factors affecting it, how to benchmark NPS in retail, and more.

NPS 52

NPS Retail Effort Score Net Promoter Score 52

BirdEye

NOVEMBER 29, 2023

From the latest trends shaping the industry to practical tips on enhancing your brand and the essential tips and tools to amplify your reach – this blog equips you with strategic steps to elevate your furniture store marketing. Offer incentives and loyalty programs Ashley HomeStore implements a successful loyalty program.

Trends 57

Trends Tips Tools Marketing 57

Totango

AUGUST 11, 2022

Digital interactions that inform SaaS client relationships span the range of the customer journey , from pre-purchase marketing engagements to onboarding to subscription renewals, upsells and brand advocacy. Blog content consumption. Reach customers where they are. Implement loyalty and referral programs.

Tips 106

Tips How To Customer Journeys Net Promoter Score 106

Totango

JUNE 4, 2021

Here are seven great customer engagement ideas you can easily put into practice. We’ll show you how to multiply opportunities for engagement through strategies such as personalization, in-app messaging, customized promotions and loyalty programs.

Customer Engagement 62

Customer Engagement Engagement Customer Journeys B2C 62

Customer Guru

JUNE 12, 2018

Rewarding the regular customers with some extra discounts, gifts or exclusive offers is the best idea to keep them stick around. It also promotes business by encouraging other customers to try to meet that status. Customer reviews go hand in hand with customer loyalty. What else can startups do to improve loyalty?

Loyalty 114

Loyalty Loyalty Programs Social Media Feedback 114

Currency Alliance

NOVEMBER 15, 2021

Because each customer segment will respond differently to available loyalty incentives, tailoring the customer experience by segment across channels is essential to maximize ROI. Millions of longstanding loyalty programs are testament to the fact that loyalty marketing can be optimized for the benefit of all stakeholders.

Loyalty 52

Loyalty Loyalty Programs Multi-Channel Banking 52

Vonage

MARCH 9, 2016

So now your customers don’t need you: they have new tools at their disposal to research what they want by themselves and get honest answers from trusted sources. You need a new way to engage with your customers – and this is why we’ve seen the evolution of marketing automation tools to help businesses keep up. You’ve convinced me!

Social Media 120

Social Media Effort Score Loyalty Programs Feedback 120

SurveySensum

DECEMBER 6, 2023

And that’s not all, a robust customer feedback tool can simplify this process, making it a breeze for you. So, if you’re ready to dive deep into the realm of unlocking success through customer insights, this guide is tailor-made for you. But let’s first understand what is a customer health score.

Effort Score 52

Effort Score Metrics Customer Satisfaction System 52

BirdEye

APRIL 7, 2023

Customer retention rate As much acquisition is important, retention is cheaper and more substantial in the long term. It’s easier to retain customers than to acquire new ones. This value over the number of customers you had at the beginning of the period gives you the retention rate.

Marketing 52

Marketing Social Media Return on Investment Touchpoint 52

Circular Edge

DECEMBER 13, 2022

Blog Credit: Pamela Pierce, December 7, 2022 (5 Ways to Extract Serious Value from Your Transactional Data | NetSuite). Leverage your historical ERP data to uncover insights that generate value for your customer and business. Drive customer retention with strategies based on historical, multi-year analyses.

Data 52

Data Competitive Advantage Multi-Channel Analytics 52

ChurnZero

APRIL 14, 2020

This is a guest blog post by Alexa Drake from G2. No matter if you’re an associate or a CEO, you know how important the relationship you have with your customer is. . The rapport you keep with your customers is mission-critical to the success of your business. 7 Loyalty Program Types: Which Is Right For You? –

Feedback 81

Feedback Net Promoter Score Loyalty Programs NPS 81

SurveySensum

SEPTEMBER 26, 2023

Customers were signing up but not sticking around, and her SaaS platform was inundated with user complaints. In the competitive world of SaaS, the battle for customer retention and product adoption can be fierce. Your SaaS feedback platform acts as a bridge, connecting you directly to the voices of your customers.

Strategy 52

Strategy Management User Experience Measurement 52