article thumbnail

How to Prove the ROI of Customer Satisfaction (CSAT)

GetFeedback

Use other business knowledge to find the ROI of your CSAT initiatives. If your CSAT metric is 60%, that means 40% of your customers are at risk of defection. A simple way to consider ROI is to take the number of dissatisfied customers and multiply that by how much it would cost to sell to new customers. .

ROI 195
article thumbnail

How to Choose a Partner for Your CX Program

InMoment XI

InMoment recently held a webinar featuring Forrester , an independent, research and advisory firm. InMoment’s Principal CX Strategist Jim Katzman and guest speaker from Forrester, Senior Analyst Colleen Fazio discuss decision-making in regards to CX program initiatives, finding the right program size, proving ROI in your CX program, and more.

How To 260
Insiders

Sign Up for our Newsletter

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

article thumbnail

Unlocking the Value of Customer Experience: A Guide to Measuring CX ROI

NobelBiz

As businesses prioritize customer satisfaction, understanding the nuances of measuring Customer Experience Return on Investment (CX ROI) has emerged as a strategic imperative. The capacity to measure and quantify the return on investment (ROI) of CX initiatives is critical for businesses to thrive.

ROI 111
article thumbnail

How to optimize and accelerate the ROI of CX

Qualtrics

To accelerate and optimize the ROI of your CX programs, prioritize areas of high value and high volume. The result - action based on tangible facts. Similarly, if X-data is surfacing common pain points in your customer journey you can quickly take action and solve an issue impacting a significant portion of your customer base.

ROI 32
article thumbnail

Sabio Group Unveils New Interaction Analytics Solution Aimed at Fuelling Digital Transformation

CSM Magazine

However, through insights gleaned from our own customer base, we found that the end goal remains the same – that organisations want to understand changing customer needs and they want to be able to react to those changing requirements quicker than the competition.

Groups 52
article thumbnail

CX Prediction 2022.2 — Surveys Are Just the Start

SurveyGizmo

Only 13% of CX leaders express full confidence that their measurement system provides a representative view of their customer base. Only 4% of CX leaders believe their CX measurement system enables them to calculate a decision’s return on investment (ROI). CX programs cannot live by surveys alone.

Survey 98
article thumbnail

Customer Education & Training: The Investment That Keeps on Giving

Gainsight

Today’s forward-thinking companies are using new approaches to customer training-including online webinars, knowledge bases, live chat, and online courses. Online Webinars Webinars are a very popular form of training, simply because they offer many of the benefits of in-person training at a much lower cost.