article thumbnail

Top 5 Customer Service & CX Articles for Week of January 8, 2024

ShepHyken

Deloitte Shares Loyalty Trends and Best Practices for 2024 by Alicia Esposito (Retail TouchPoints) To drive customer retention and loyalty, most brands and retailers continue to rely on purchase discounts (77%) and loyalty program points (61%), according to Retail TouchPoints research. Connect with Shep on LinkedIn.

article thumbnail

Top 5 Customer Service & CX Articles for the Week of August 7, 2023

ShepHyken

Customer Retention Statistics – the Ultimate Collection for Small Business by Matt Mansfield (Small Business Trends) Customer is strategic efforts a business makes to keep existing customers engaged and loyal over time. That includes B2C, B2B, and G2C (Government to Citizen). Connect with Shep on LinkedIn.

Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

10 Ways to Improve Business Banking Customer Service

CSM Magazine

Many businesses rely on their banks for essential financial services, so it’s important that banks provide high-quality customer service. Here are 10 ways to improve business banking customer service and keep your customers happy. Use the latest technology to enhance customer service.

Banking 52
article thumbnail

How To Build Your Customer Experience Strategy By Asking Yourself These Three Questions [2020 Edition]

Michel Falcon Experience

If this is happening at your company, be honest with yourself, you don’t genuinely care about customer experience. Why Doesn’t Every Company Have a Customer Experience Strategy? You become too focused on customer acquisition and neglect customer retention which is the primary reason why we want new customers in the first place!

article thumbnail

List of Companies That Outsource Call Centers

Magellan Solutions

Financial Institutions. Prudential Financial. Principal Financial Group. These centers were set to deliver support to Amazon’s customers and provide 24-hour customer service to customers in North America and the UK. Financial Institutions. Prudential Financial. Principal Financial Group.

article thumbnail

9 Companies That Outsource Customer Service

Magellan Solutions

Companies that outsource customer service have discovered and understood the fundamental element of business success — customer retention. Businesses exist because of customers. Customers rely on businesses to make their lives easier. The better the service quality, the stronger the connection will become.

Company 40
article thumbnail

5 Top Customer Service Articles of the Week 12-26-2022

ShepHyken

(Forbes) In business, growth is generally associated with acquiring new customers. However, focusing solely on prospective customers can lead to excessive cash burn, which can rapidly jeopardize a company’s financial situation. To avoid such consequences, business owners should balance acquisition efforts with retention tactics.