Customer Retention Examples Loyalty Programs Poor Customer Service 
TechSee
JANUARY 7, 2020
Accenture reports that 77% of consumers are no longer loyal to any particular brand, telcos must work harder than ever to retain their customer bases. Acquisition costs far outweigh those of keeping current customers, further motivating companies to implement innovative strategies to boost customer retention in the telecom industry.
InMoment XI
SEPTEMBER 12, 2023
The Importance of CRM Databases in Competitive Analysis Customer Relationship Management (CRM) databases are essential tools for storing and tracking customer information, interactions, and sales history. Could your company fill this void with exceptional customer service and thereby win over disenchanted consumers?
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
ShepHyken
MAY 12, 2019
My Comment: Just as it takes more than just good customer service to keep a customer coming back, a bad customer experience may not cause you to lose customers, either. Counter-intuitive as that may seem, the author is making the case that companies who deliver poor customer service are “most profitable.”
SurveySensum
JUNE 29, 2023
A company, despite investing heavily in marketing and advertising, struggles to retain its customer base and faces a decline in sales. Well, here’s a startling statistic to ponder: 82% of customers stop doing business with a company due to poor customer service. Sound familiar?
LiveChat
APRIL 10, 2017
Put simply: once you build a solid customer base, it’s essential that you shift your focus toward retaining customers and ensuring they remain loyal. 4 Main Tenets of Customer Retention. Each of the strategies we’ll discuss throughout this article fall under one of four main principles: Knowing your customers.
ProProfs Chat
DECEMBER 12, 2019
Or, let me ask you this way: Do you have a specific brand in mind when you want to buy a particular item, for example, a pair of running shoes? Companies focus on getting new customers, but retaining them is a whole different story – and more difficult to achieve! what customers want, . Why Customers Leave?
SurveySensum
FEBRUARY 6, 2024
This personalized approach showcases a commitment to addressing concerns and can be a powerful strategy for customer retention. For example, if a customer has a pricing issue, send them an email with a discount. And if they mention closing their business, you can email them your services will be here for them if needed.
Expert insights. Personalized for you.
136 
Let's personalize your content