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Building Loyalty: B2B Digital Marketing and Customer Retention Nowadays

Amity

To be specific, it is estimated that customers, who had bought from you 2 times before, convert (make a store purchase) 9 times more often than those who were your first time buyers. On top of all that, the whole process of attracting new customers is 6-7 times more expensive than keeping the old ones.

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The two most important stages of customer lifecycle management in uncertain times

ChurnZero

Further, additional sales with existing customers have a lower customer acquisition cost (CAC). That’s why ChurnZero believes customer retention and loyalty are the most important stages of customer lifecycle management. So, how can we improve customer retention and loyalty?

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The two most important stages of customer lifecycle management in uncertain times

ChurnZero

Further, additional sales with existing customers have a lower customer acquisition cost (CAC). That’s why ChurnZero believes customer retention and loyalty are the most important stages of customer lifecycle management. So, how can we improve customer retention and loyalty?

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Subscription business model: What, how, and why

BirdEye

With a good product and exceptional customer service, businesses can make sure that customers stay longer. With a large chunk of their customer base staying in, subscription businesses clock higher recurring revenue than other business models. Respond to customer support queries quickly.

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Using Predictive Analytics to Smooth the Customer Journey

CloudCherry

Conversely, proactive support is all about identifying and resolving customer issues before they become problems. Some simple fixes to increase your proactive support game are: Adding automation into your contact forms to guide customers to the right place. Creating more intuitive document and product design.

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The Ever-Evolving, Influential Customer Experience Trends in Utilities

Ecrion

Customer Loyalty Gaining Ground | 3. Revamped Customer Engagement | 5. Customer Loyalty Is Gaining Ground in Utilities. It should come as no surprise that having a customer switched to a competitor is one of the worst scenarios that could occur for a utility company. Debt Collection Is Changing | 2.

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70+ Experts Reveal the Best Customer Retention Strategies During COVID-19

SmartKarrot

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.