Remove Consumers Remove Customer Focused Remove Customer Retention Remove Net Promoter Score
article thumbnail

40 Customer Retention Statistics You Need to Know

GetFeedback

Learn about the top two customer surveys for predicting and increasing customer retention. Anytime a customer cuts ties, you experience the negative impact of customer churn. Here are 40 customer retention statistics that reinforce the growing need for customer experience management.

article thumbnail

5 Reasons Your KPIs Are Hurting Your Customer Experience

Beyond Philosophy

There must be a good ratio of emphasis between internal and transactional goals, like sales and productivity, and the emotional goals, like Customer Satisfaction and Net Promoter scores. Most of the emphasis should be on Customer measures (70%) while less emphasis on the internal measures (30%).

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Three Steps to a Winning B2B Customer Experience Plan

Totango

Why Take B2B Customer Experience Seriously? Customer experience has a significant impact on customer retention rates as has been shown by several studies conducted on B2C relationships. Just one bad experience will drive 17% of customers away, while several bad experiences will cause 59% to walk away from a brand.

B2B 108
article thumbnail

Are You Deliberate with Your Customer Strategy or Just Taking a Chance?

Beyond Philosophy

All organizations are on a journey from being Naive to Natural in the way they focus on the Customer, passing through each of four stages: Naïve, Transactional, Enlightened, and Natural. Naïve companies are the least customer-focused and Natural companies are the most customer-focused.

article thumbnail

5 Tests to Reveal How Customer Centric Your Channel Strategy Is

Beyond Philosophy

Or they might have several channels that interact with Customers, but they are separate and many times conflicting. What channels are available to Customers and how are they selected? Companies that lack a Customer focus often only have one channel they dictate the Customer uses.

article thumbnail

How to Make or Break Your Customer Experience

Beyond Philosophy

Overlook this, however, and you are not likely to end up with the Customer focus you seek. This post is the second in a series of nine posts looking at the different parts of the organization contributing to Customer Centricity. Naïve companies are the least customer-focused and Natural companies are the most customer-focused.

article thumbnail

What is customer churn? How to measure and reduce it 

delighted

And by collecting customer experience data, you can also learn to anticipate when customers are thinking of leaving and work to proactively repair the relationship. What is customer churn? Customer churn, also called customer attrition, occurs when a consumer chooses to stop utilizing your product or service.