Second to None

FEBRUARY 28, 2019

The hesitancy towards CX investments stems from the difficulty in directly attributing revenue growth to specific changes in customer experience. Compared to clear-cut investments, the ROI of CX can appear to be ambiguous. The following studies aim to highlight the positive financial results of excellent customer experience.

ROI 54

ROI Study Financial Loyalty 54

Second to None

FEBRUARY 28, 2019

The hesitancy towards CX investments stems from the difficulty in directly attributing revenue growth to specific changes in customer experience. Compared to clear-cut investments, the ROI of CX can appear to be ambiguous. The following studies aim to highlight the positive financial results of excellent customer experience.

ROI 48

ROI Effort Score Study Financial 48

Pointillist

MARCH 20, 2019

By Swati Sahai The importance of calculating your customer experience ROI cannot be overstated—how will you build, measure and regularly optimize your customer experience efforts if you don’t know the return on your CX investments? But the revenue impact of customer satisfaction can and must be measured.

ROI 59

ROI Customer Experience Self Service How To 59

Optimove

OCTOBER 12, 2023

In a digital landscape brimming with health and wellness apps and platforms, retaining customers has become a pressing concern for Kilo Health. The success of the company relies heavily on its customers’ commitment to healthier lifestyles. Our customer events often contain numerous data parameters.”

Customer Retention 52

Customer Retention Customer Centricity CRM Roadmap 52

ShepHyken

OCTOBER 13, 2017

It’s all just a part of consumer demand, and customers still demand the in-store experience. That’s important because customer-centricity continues to be the driving force behind sales, and true customer loyalty. Did you catch Intelligence Report 2017? So, what’s the future of brand loyalty? What’s next?

Customer Centricity 74

Customer Centricity Loyalty Loyalty Programs Rewards Programs 74

Beyond Philosophy

NOVEMBER 10, 2014

In addition, higher levels of customer satisfaction are tied to high levels of positive cash flows with low volatility, and positive earnings surprises. Keeping Customers results in a high increase in value. Focusing on customer retention with a better Customer Experience will benefit your bottom-line expenses.

Net Promoter Score 164

Net Promoter Score ROI Customer Experience Insurance 164

Experience Investigators by 360Connext

FEBRUARY 6, 2024

We know CX teams can deliver significant business advantages: Satisfied customers are much more likely to purchase more Revenue grows 40% faster by providing personalized experiences Businesses achieve a 2.3x CX teams use a variety of metrics to guide their efforts, drive improvements, and measure ROI. Metrics matter for measurement.

Metrics 270

Metrics Effort Score Net Promoter Score Data 270

C3Centricity

APRIL 2, 2018

A more recent study by BCG and GRBN resulted in an Invest in Insights Handbook to help organisations report on the ROI of the insights function. They found that those who measure their ROI have found a seat at the decision table, increased budgets, and more control. Customer profiles. Customer retention and churn rates.

Marketing 175

Marketing Handbook ROI Social Media 175

GetFeedback

MAY 9, 2019

If you Google customer experience you’ll get about 2,340,000,000 results—articles, videos, reports—with in-depth information about the space. Stage 4 —O perationalize: You begin to re-design your company’s operational processes based on customer insight and other customer experience metrics. Reduced costs. .

Customer Experience 337

Customer Experience Customer Journeys Metrics Effort Score 337

SurveySensum

JULY 11, 2023

Whether your customers are interacting with you online, in-store, or over the phone, they want a consistent experience. A PWC retailing report found that the number of companies investing in the omnichannel customer experience has jumped from 20% to more than 80% to deliver the same customer experience at all touchpoints.

Brands 83

Brands Customer Experience Effort Score Rewards Programs 83

NobelBiz

APRIL 30, 2024

Predictive analytics can forecast customer needs, potential churn rates, and other vital metrics, enabling call centers to proactively address issues and optimize customer retention strategies. Cost Implications and ROI Analysis The initial investment in AI technology can be substantial.

Call Center 105

Call Center Contact Center Chatbots Virtual Agent 105

NobelBiz

APRIL 30, 2024

Predictive analytics can forecast customer needs, potential churn rates, and other vital metrics, enabling call centers to proactively address issues and optimize customer retention strategies. Cost Implications and ROI Analysis The initial investment in AI technology can be substantial.

Call Center 104

Call Center Contact Center Chatbots Virtual Agent 104

Joe Rawlinson

JULY 24, 2019

Did you know that research by Bain & Company found out that increasing customer retention rate by just 5% can increase profits by 25-95% ? If there’s one thing that always bears on the mind of businesses, it is this: What drives a customer to come back for more? Real-Time Customer Support. Conclusion.

Loyalty 107

Loyalty Sales First Call Resolution Rewards Programs 107

CX University

MARCH 18, 2024

McKinsey reports that hyper-personalization can lift revenue by 10-15% on average, with company-specific revenue ranging from 5-25%. Personalization boosts companies’ growth rates by 6-10% on average and improves marketing efficiency, sales, and loyalty, all contributing to ROI when investing in a personalization tool.

Customer Experience 52

Customer Experience Retail Customer Retention Loyalty 52

Thematic

APRIL 3, 2024

By systematically collecting and analyzing this rich data, you gain insights that drive meaningful improvements across the customer journey. Reduced Churn: Identifying the root causes of customer dissatisfaction enables you to proactively address issues, prevent customer loss, and preserve revenue.

Ecommerce 62

Ecommerce Analysis Social Media Effort Score 62

Retently

AUGUST 3, 2023

Unlike traditional marketing channels like advertising, referral marketing has a much better impact and ROI. In another customer survey , Nielsen found that over 60% of customers relied heavily on user reviews before purchasing. In other words, a customer is 50x more likely to buy, if they hear a good word about it.

Customer Experience 147

Customer Experience Net Promoter Score Effort Score Social Media 147

inQuba

MAY 23, 2022

It’s an ongoing practice rather than a discreet project and offers a proven solution to customer experience and profitability for the customer-centric business. Hold on – a “solution to customer experience”? Isn’t CX its own solution to customer experience? To uncover the ‘why’ behind customer behavior.

Customer Journeys 98

Customer Journeys Omni-Channel Management Multi-Channel 98

GetFeedback

AUGUST 14, 2019

But I see a place for Customer Satisfaction Score (CSAT), based on organizational goals, resources, and structure. Customers and their experiences are complex and nuanced, so there’s no perfect metric. So consider CSAT as one of many tools available to help you improve your customer’s experience. . It’s truly a win-win.

Metrics 273

Metrics Customer Journeys How To Customer Satisfaction 273

CX Journey

APRIL 28, 2015

One of the most-frequently-asked questions we hear from companies about listening to customers and, hence, improving the customer experience is: “How can I show ROI for my executives?” That's not a purpose; that's an outcome of creating customers. Focus on the customer, on creating customers, and the profits will come.

Customer Experience 80

Customer Experience ROI Financial Customers 80

TechSee

APRIL 16, 2019

Employers around the globe are facing the most severe recruitment crisis in 12 years, according to the latest Talent Shortage Survey , with 40% of companies surveyed reporting difficulties filling roles. Proactive assistance is the practice of identifying and resolving customer issues before they become problems.

Call Center 126

Call Center Culture Contact Center Net Promoter Score 126

Gainsight

APRIL 14, 2022

Here are five important recommendations that Chief Customer Officers should focus on to drive net revenue retention: 1. Demonstrate the ROI to Increase Corporate Spend in CS and CS Ops teams. Companies that invested 10 percent of revenue in customer service saw the highest NRR.

Chief Customer Officer 59

Chief Customer Officer Effort Score Customer Success Analytics 59

ClearAction

JULY 29, 2018

A train driver for Virgin Rail received a customer experience award even though train drivers don’t interact with customers. It wasn’t his job responsibility to worry about a rail bump, but he reported it as something that could affect customers and their safety.” Customers are never satisfied.

Customer Engagement 48

Customer Engagement Engagement Customer Centricity Culture 48

CustomerSuccessBox

MARCH 15, 2022

Influencing loyalty and customer retention. Amplifying the customer lifetime value. The major conversation among the customer success departments is its various subdivisions and what each of them contributes to doing. Client success manager Customer success manager Clients are their prospects Customers are the prospects.

Customer Success 52

Customer Success Management Comparison Metrics 52

Stella Connect

MARCH 2, 2022

Service recovery needs to be a must-have component in your customer experience (CX) strategy. It affords you the opportunities to identify issues, achieve resolutions, and ultimately retain customers after missing the mark the first time. Few dissatisfied customers actually ask for a superior, though. What is Service Recovery?

Customer Experience 52

Customer Experience How To Measurement Feedback 52

Thematic

MAY 19, 2022

Lastly, we’ll look at how VOC feedback data is analyzed to extract useful insights, and how product ops managers can report and share these insights to optimize decision making within product teams. A successful VOC program empowers everyone in the company, especially product development teams, to make customer-centric decisions.

Analysis 71

Analysis Net Promoter Score Feedback Self Service 71

CSM Practice

JANUARY 13, 2021

Some of the renewal management challenges for many businesses include : Lack of a customer-centric approach. Too many customers for current headcount. More mature customer success organizations with optimized and scaled renewal processes with a goal-oriented and customer-centric approach. Expansion Manager.

How To 98

How To Self Service Touchpoint Customer Centricity 98

Second to None

APRIL 4, 2018

Creating loyalty amongst your target customers serves a challenge for brands in any industry, and ultimately, those organizations that do inspire customers to return to their brand are positioning themselves for continued success. Here is where email marketing comes into play.

How To 54

How To Retail Effort Score Voice of Customer 54

Joe Rawlinson

AUGUST 15, 2018

American Express reported that, according to research, Americans will tell 15 people about their bad brand experiences but only 11 people about their good ones. To someone who sees this as generic data, the implication is that a customer would propagate a poor experience to approximately 40% more people than a good experience.

Customer Satisfaction 88

Customer Satisfaction Study Customers Brands 88

ChurnZero

DECEMBER 20, 2019

Look for 2020 to be a year of CS increasingly reporting to the C-Suite. . . Customer happiness and product features won’t float the bill. . As a result, companies are investing more time and money in training their C S teams to have more customer-centric conversations. . CS enters the revenue-generation limelight.

Customer Success 80

Customer Success Chief Customer Officer ROI Sales 80

Storyminers

JULY 6, 2020

Arie is also an effective leader of call center performance improvement projects, and is particularly adept at balancing the company, customer, and frontline perspectives. Augie Ray is a Vice President Analyst covering customer experience (CX) for marketing and CX leaders. Bob Thompson. Dennis Wakabayashi.

Customer Experience 147

Customer Experience Customer Service Social Media Consulting 147

Bold360

NOVEMBER 24, 2016

Nine times out of ten, to put it very conservatively, the focus is on consumer acquisition at the expense of customer retention. That’s understandable on some levels, both because businesses obviously do need to attract new customers, and because acquisition offers an immediate and readily quantified ROI on marketing expenditures.

Customer Satisfaction 40

Customer Satisfaction Self Service Customer Retention Exceptional Customer Service 40

SurveySensum

MAY 11, 2023

NPS is particularly useful in the retail industry because it helps businesses build customer loyalty, retain loyal customers, and encourage them to refer others. By using rNPS to measure customer loyalty and build relationships, retail businesses can gain a better understanding of their customer’s needs and preferences.

NPS 52

NPS Retail Net Promoter Score Effort Score 52

Storyminers

JULY 6, 2020

Arie is also an effective leader of call center performance improvement projects, and is particularly adept at balancing the company, customer, and frontline perspectives. Augie Ray is a Vice President Analyst covering customer experience (CX) for marketing and CX leaders. Bob Thompson. Dennis Wakabayashi.

Customer Experience 130

Customer Experience Customer Service Social Media Consulting 130

Thematic

NOVEMBER 13, 2018

In reality, a VOC program is the entire process of collating customer feedback in one place, analyzing the data, and ensuring that the relevant people in the organization have the insights easily at hand and, crucially, to action the insights. 6 reasons your business needs to hear the Voice of Customer. How are companies using VOC? .

Voice of Customer 101

Voice of Customer Net Promoter Score Effort Score ROI 101

Integrity Solutions

JULY 28, 2022

However, while customers expect to have this flexibility to engage with brands on their terms, phone and voice remain the primary means of customer communications. The State of Contact Center Conversation Intelligence 2022 report by Observe.AI notes that 82% of contact centers engage with customers via the phone.

Contact Center 52

Contact Center Self Service Customer Satisfaction Metrics 52

Gainsight

JUNE 11, 2021

The themes today centered around Human-First Customer Success and Transforming Customer Centricity. Human-First Customer Success. The Key to Customer Success: Leadership with Jay Nathan, Chief Customer Officer at Higher Logic and Co-founder of Gain Grow Retain at Higher Logic.

Chief Customer Officer 91

Chief Customer Officer Handbook Customer Success Knowledge Base 91

ClearAction

NOVEMBER 12, 2017

See how a British Columbia credit union adopted a customer-centric strategy as the company’s strategy, re-organized to align their leadership talents and functional accountability around customer experience, and achieved unanimous support among all managers and employees: Customer Experience ROI Trajectory.

Customer Experience 54

Customer Experience Customer Centricity Policies Customers 54