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5 SaaS Renewal Process Best Practices for Customer Retention

Totango

With a focus on lifetime customer success rather than on quick revenue raising, you can turn your renewal process into a celebration of an ongoing partnership. It’s a customer-centered approach that reflects the broader economy we currently operate under, one where the customer expects individualized treatment.

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Customer Engagement Strategies: How to Live Happily Ever After with Customers

LiveChat

So, what do you do to keep your customers engaged over the years ? Customer engagement strategies. Customer engagement is the process of actively nurturing and managing relationships with customers. Numbers lower than 9 indicate that you need to work on their satisfaction and engagement.

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Measuring ROI of Customer Centricity-Changes in Customer Value

CCO Council

In my previous post I described the historical retrospective approach whereby incremental per-customer or per–segment revenue gains are correlated with increasing loyalty and engagement. Expected change in customer value is another valuable means of demonstrating ROI.

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6 Customer Onboarding Strategies Your Success Team Must Implement

Totango

This could be accomplished by sending out a satisfaction survey or using software to remind your team to reach out to customers on a regular basis. The right customer engagement platform can make checking in with customers easier and more effective than trying to manage this ongoing process manually or with inadequate software.

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Recurring Revenue: A Beginners Guide

SmartKarrot

This can continue for years or decades, during which the business generates a significant amount of revenue from that customer. This is why customer retention is so important to businesses based on a recurring revenue business model. The benefits of this model extend to both the customer and the business.

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How to live happily ever after with your customers

LiveChat

So, what do you do to keep your customers engaged over the years ? Truly know your customers and tailor communication. “If If customers are the lifeblood of a business, then the database is its heart. Pizza Hut noted a 38 percent improvement in customer retention rate.

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Top 50 Customer Success Influencers 2021

SmartKarrot

Proclaimed as the Customer Success growth expert, consultant, and thought leader, Lincoln is a customer-centric growth mastermind. His brainchild, Sixteen Ventures , is his medium of sharing his expertise and ideas to help businesses obtain sales acceleration and augmented customer engagement. Andrew Michael. Swati Garg.