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9 Strategies to Improve Customer Retention Rate in 2023

SurveySensum

This strategic move resulted in doubling their business, showcasing the power of leveraging customer retention to drive growth. Well, acquiring new customers can costs you five times more than keeping the ones you have. So, customer retention is indeed crucial. What is the Customer Retention Rate?

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12 Customer Retention Strategies Businesses Should Use

Magellan Solutions

With all the advertisements people see on the internet every day, customers can easily jump from your brand to another if you don’t have strong customer retention strategies. . To make your business thrive, you need to take care of one of the most important assets — your customers. What is Customer Retention?

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Master the Market: A Deep Dive into Competitive Analysis

InMoment XI

This article will walk you through how to conduct an effective competitive analysis, interpret the results, and turn those insights into actionable strategies. When used in competitive analysis, these databases can help you understand how your competitors are succeeding in areas like customer retention and loyalty programs.

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Evolution of Customer Experience in E-Commerce 2023

Lumoa

Companies should aim to meet their customers’ expectations by continuing to fine-tune their customer experience (CX) programs. Here are the CX trends you can expect to see in 2023 and how to keep your e-commerce business on track with the evolution of CX. Customer Experience in E-commerce Trend Predictions for 2023.

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The Importance of Customer Service in Business Success

CSM Magazine

Customer service is a vital component of any successful business. The way a business deals with its customers can determine whether it thrives or fails. Providing exceptional customer service is critical in building long-term relationships with customers and gaining their loyalty.

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How to Be 2 Steps Ahead in Anticipating Your Customer Needs

Kayako

By always looking for what more you can do for your customers , you’ll ensure your company holds a place in your industry as a thought-leader and pioneer. Anticipating the needs of your customer to provide exceptional customer service. To do so, you’ll need to know: Who your customers are. Consideration.

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How to Handle Customer Escalations in the New Customer-Centered Economy

Totango

Despite your best efforts to keep your customers happy, though, issues can still arise. When this occurs, you may be left wondering how to handle customer escalations in a way that will not only address the issue but deepen the customer relationship long-term. How to Handle Customer Escalations.

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