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Customer retention is the new religion

Hello Customer

January typically is a month to forecast trends, and we believe customer retention will be an important one. But we see increasingly more organisations move their focus from aggressive acquisition investments to retention management. And as fashion shows us, every trend returns at some point in time. To wrap it all up.

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Build Revenue with These Proven Customer Retention Strategies

Joe Rawlinson

Studies also back up the idea that retaining customers can positively impact your bottom line. Research from Bain & Company shows that increasing customer retention rate by just 5 percent increases profits from 25 to 95 percent. But which customer retention strategies actually work? Data-driven Strategies.

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24 Experts Reveal Their Top Customer Retention Strategies For B2C Brands

Storyminers

We decided to ask experts one question: What is your most effective customer retention strategy for B2C brands? . VP of Customer Experience, Compellon. The most effective customer retention strategy is to focus, well, on retention. My number one customer retention strategy is talking to your customers.

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Why Engagement Strategies & Investment Are Important for Customer Retention

ProProfs Chat

A Forrester report highlights increasing customer retention by 5% can increase profits by up to 95%. Loyal customers spend about 30% more with brands than new customers. An investment to increase retention by 5% is surely a worthy business investment. Simple formula: Customer Retention = Engagement + Investment.

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How Visual Engagement Tools Can Streamline Online Banking Experience

CloudCherry

However, customers still find it hard to settle some banking problems regardless of what platform they are using, which eventually allows the banking industry to develop a clear, trusted, and user-friendly online banking solution. Read to know how visual engagement tools can streamline the customer’s online banking experience.

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7 Ways to Supercharge Your Marketing with SMS Automation

SurveySensum

” This automated approach improves conversion rates, builds brand trust, and contributes to enhanced customer retention by providing timely and relevant information. For example, a fashion brand might send an SMS saying, “Hello, trendsetter! Watch our exclusive fashion show preview. Get ready to feel the burn!”

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Create A High-Performance Customer Engagement Platform

Second to None

The ability to curate high levels of customer engagement can help brands to increase their customer retention rate, which can have a direct impact on overall profitability. To learn more about customer engagement strategies, check out the following piece written by Kenneth Adams for Forbes. Get after it.