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How to Calculate and Improve Your Customer Retention Rate

Totango

Managing your CRR confers several important benefits which can directly benefit your bottom line. Third , monitoring how your customer retention efforts affect your CRR allows you to see if your retention strategies are working or not. To set a target CRR, research what CRR scores are common in your industry. 95 x 100 = CRR.

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How to turn NPS Promoters into Brand Advocates?

SurveySensum

Be Transparent: Publish all reviews, even if not all are positive, alongside your Net Promoter Score to build trust. This approach not only gets you more reviews but also builds customer loyalty , enhances your online reputation, and attracts new customers. Creating a Well-Crafted Loyalty Program Have you heard about Beauty Insider?

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

Kustomer

Digitalizing all aspects of your business communications , including offering 24/7 customer service, is likely to improve loyalty and lead more customers to becoming brand ambassadors. It’s also worth looking at implementing loyalty programs for customers who reach this level. Improved Conversion Rates. Solve Issues Quicker.

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Avoid This Customer Service Mistake with Matt Dixon

Kustomer

In a study they conducted, they found that many companies fall short when it comes to delivering a low-effort experience for their customers because they don’t have the right tools to make the agent’s job easier. And so, we tried to get Matt a few times to a couple of our conferences, meet with some of our clients.

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How to Evaluate Employees: A Performance Review Checklist

SurveySparrow

You can gather information about them to determine pay raises, employee benefits, loyalty programs, and layoffs. Before the covid-19 crisis, an employee performance review was once in a while program in most organizations. Now employers have to invest more effort and time in employees than ever. Net Promoter Score.

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Podcast: Stop Trying to Delight Your Customers with Matt Dixon

Kustomer

His research determined that extra efforts to go above and beyond for each customer didn’t pay off the way that companies expected. If the current strategies used to delight customers are flawed, what strategies work to create customer loyalty? We’ve got a Kustomer conference coming up. What Creates Disloyal Customers?

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How to Turn Social Media Customer Service into a Marketing Strategy

ShepHyken

Earlier this month I attended Social Media Marketing World , the largest conference on social media marketing in the world. For example, Starbucks has an app that drives their loyalty program by rewarding frequent visits and giving incentives for customers to come back more often. But that isn’t always the case.