Second to None

AUGUST 9, 2018

One recent example happened in the telecommunications industry. Because they were basically the only option for customers, many cable providers managed to maintain consistent profit levels and customer retention rates even though their customer service and satisfaction scores were increasingly dropping.

Net Promoter Score 63

Net Promoter Score Telecommunications Voice of Customer NPS 63

ShepHyken

FEBRUARY 16, 2018

Contextualizing your brand’s place amongst competitors in the industry you encompass is vital to creating a leading Customer Experience. Brands in any industry can benefit from a competitive benchmarking program because the information collected can have a direct impact on the Customer Experience platform you produce.

Measurement 86

Measurement Ecommerce Analysis Industry 86

PeopleMetrics

FEBRUARY 25, 2022

Customer experience (CX) has become an essential cornerstone of modern business strategy. It helps you improve customer retention rates, efficiently focus on your highest-impact customers, and continually improve your services. But what is customer experience? Voice of Customer (VoC) or customer listening.

Customer Experience 71

Customer Experience Net Promoter Score Customer Journeys Touchpoint 71

Second to None

JULY 26, 2018

The same way that your organization strives to provide service throughout the customer journey, so too should the vendors that your organization partners with. It is common for vendors to offer programs like mystery shopping or voice of customer survey collection at a relatively low rate, but like in any industry, you get what you pay for.

Data 54

Data Voice of Customer Analytics Brands 54

Second to None

APRIL 4, 2018

Creating loyalty amongst your target customers serves a challenge for brands in any industry, and ultimately, those organizations that do inspire customers to return to their brand are positioning themselves for continued success. How are retailers working to retain customers and maintain a loyal customer base?

How To 54

How To Retail Effort Score Voice of Customer 54

Second to None

SEPTEMBER 5, 2018

Interactions with customers are an inevitability for all brands, but the way that these interactions occur varies greatly across different industries. However, other industries can benefit from this level of data collection and analytics, especially as interactions between consumers and brands become commonplace.

Retail 59

Retail Brands Guidelines Leadership 59

CX Journey

FEBRUARY 27, 2019

New competitors enter the marketplace, and industry trends emerge. You'll want to make sure you're capturing feedback about: the latest experience (assuming you've improved the experience but haven't updated your surveys), new products and services you've introduced, and emerging customer needs and trends in the industry.

Metrics 88

Metrics NPS Trends Financial 88

Second to None

APRIL 19, 2018

According to DataMentors , businesses that do adopt omnichannel strategies have been shown to achieve 91% greater year-over-year customer retention rates, a key signifier of a great Customer Experience.[2]. Second To None empowers customer-centric brands to deliver consistent, intentional and authentic consumer experiences.

Customer Experience 54

Customer Experience Omni-Channel Ecommerce Voice of Customer 54

CX Journey

FEBRUARY 27, 2019

New competitors enter the marketplace, and industry trends emerge. You'll want to make sure you're capturing feedback about: the latest experience (assuming you've improved the experience but haven't updated your surveys), new products and services you've introduced, and emerging customer needs and trends in the industry.

Metrics 80

Metrics NPS Trends Financial 80

Second to None

MARCH 7, 2018

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. This is the widespread practice of dividing your customer base into groups of individuals/companies that share similar traits and variables.

Customer Engagement 54

Customer Engagement Engagement Effort Score Groups 54

Second to None

MARCH 28, 2018

Encouraging excellent relationships with customers can be a significant differentiator across almost every industry. Customer retention is a key signifier of a high-performance CX platform, and your brand’s ability to provide the unique value desired by your target customers.

Net Promoter Score 59

Net Promoter Score Effort Score NPS Voice of Customer 59

SurveySensum

JULY 6, 2023

Yet, despite these efforts, you notice a decrease in sales and declining customer loyalty. Even as a retail giant , Reliance Trends struggles with customer retention. Here’s an eye-opening statistic – ‘78% of customers have backed out of purchase due to a poor customer experience’- Glance, Counting the Customer.

Customer Satisfaction 52

Customer Satisfaction Retail Tips Marketing 52

SurveySensum

JULY 6, 2023

Yet, despite these efforts, you notice a decrease in sales and declining customer loyalty. Even as a retail giant, Reliance Trends struggles with customer retention. Here’s an eye-opening statistic – ‘78% of customers have backed out of purchase due to a poor customer experience’- Glance, Counting the Customer.

Customer Satisfaction 52

Customer Satisfaction Retail Tips Marketing 52

ECXO

MARCH 21, 2023

This can be done by analysing your customer feedback with data, voice of customer, customer retention, and sales growth. Set objectives and goals: Identify key objectives and goals for your customer experience program. This should align with your company’s overall business strategy. He holds an MBA at J.L.

B2B 98

B2B Customer Experience Roadmap Culture 98

PeopleMetrics

DECEMBER 12, 2017

Typically leveraged by Sales & Marketing teams, CRMs help to centralize the management of leads and improve customer relationships with ultimate objective of driving customer retention and sales growth. System Harmony.

CEM 84

CEM CRM Customer Relationship Management Customer relationships 84

Wootric CX Blog

JULY 5, 2020

Investor Blake Bartlett coined the term “End User Era” to capture an important shift that is happening on an organizational level across industries: “Today, software just shows up in the workplace unannounced. PLG relies on the product itself as the primary driver of customer acquisition, conversion and expansion.

Metrics 85

Metrics Net Promoter Score Effort Score NPS 85

Think Customers

DECEMBER 13, 2021

Invest and act on great customer experience Understanding the importance of building an organizational CX competency is a crucial first step, but without an executable strategy, organizations will continue to lag industry leaders. Renewing your CX vows begins with the basics.

Customer Journeys 52

Customer Journeys Roadmap Metrics Strategy 52

Second to None

FEBRUARY 28, 2019

Looking at why customers are terminating the relationship is an important step in increasing retention and, in-turn, increasing your returns. Tempkin Group’s ROI of Customer Experience, Aug 2018 Study [3]. Tempkin Group examined over 300 companies across 20 industries to illustrate the relationship between ROI and CX.

ROI 54

ROI Study Financial Loyalty 54

Second to None

MARCH 29, 2018

Designating a third-party to monitor your omnichannel capabilities will grant you an unbiased picture of how customers perceive your brand, and ideally serve as a catapult launching you along the path to become an omnichannel industry leader. Our solutions are developed on the basis of solid research and statistical science.

Omni-Channel 69

Omni-Channel Social Media Brands Customer relationships 69

Totango

JUNE 4, 2019

That’s why customer-centered teams value Voice of Customer (VoC), the process of requesting, gathering, and analyzing customer feedback. It provides a direct opportunity to improve the customer experience which, in turn, makes customers more likely to remain loyal. What is Voice of Customer?

Voice of Customer 78

Voice of Customer Net Promoter Score Feedback Competitive Advantage 78

Second to None

FEBRUARY 28, 2019

Looking at why customers are terminating the relationship is an important step in increasing retention and, in-turn, increasing return. Tempkin Group’s ROI of Customer Experience, Aug 2018 Study [3]. Tempkin Group examined over 300 companies across 20 industries to illustrate the relationship between ROI and CX.

ROI 48

ROI Effort Score Study Financial 48

Wootric CX Blog

DECEMBER 8, 2019

At a time when customer retention is the name of the game, Customer Effort Score has gained ground as a CX metric for good reason. Research indicates that when evaluating customer interactions with a product or service, Customer Effort Score, more than CSAT, or even NPS, is the strongest predictor of customer loyalty.

Effort Score 59

Effort Score Examples Self Service Net Promoter Score 59

Lumoa

FEBRUARY 9, 2023

Actionability is also, as we believe, one of the essential aspects of customer experience management. It involves measuring customer effort on customer service interactions, such as the number of customer emails received, the length of customer wait times, and the number of customer complaints.

Net Promoter Score 445

Net Promoter Score Customer Journeys Customer Experience Omni-Channel 445

Wootric

JULY 5, 2020

Investor Blake Bartlett coined the term “End User Era” to capture an important shift that is happening on an organizational level across industries: “Today, software just shows up in the workplace unannounced. PLG relies on the product itself as the primary driver of customer acquisition, conversion and expansion.

Metrics 52

Metrics Net Promoter Score Effort Score NPS 52

Waypoint Group

JUNE 19, 2019

The paper is titled, “Driving Customer Retention and Expansion Through Stakeholder Engagement” and may be downloaded here , where you’ll find methods and example data-visualizations that will assist in helping an organization take a proactive stance when managing B2B customer accounts in pursuit of improving retention and accelerating expansion.

Engagement 40

Engagement B2B ROI Customer Retention 40

Customer Alignment

OCTOBER 2, 2017

Armed with an intrinsic belief in the business value of Customer Experience excellence, they’re putting the funding, processes, and strategy in place to overcome these hurdles. As a result, these leading-edge companies perform substantially better across the whole range of business measures, from profitability to customer retention rate.”

Customer Experience 40

Customer Experience Customer Centricity Customer Journeys Voice of Customer 40

ChurnZero

APRIL 5, 2019

Focus on transferable skills – candidates that are great with people , have relatable industry experience and drive. Having industry knowledge , product knowledge and understanding your customer ’ s world is what typically leads to successful CSMs. Craig Chiofalo , Vice President of Customer Experience, CallRail.

Tips 40

Tips Customer Success Customer Centricity Leadership 40

SmartKarrot

MARCH 8, 2022

Now get ready to be inspired as we shine a spotlight on these powerful women and how their achievements are shaping the industry. An alumna of Yale and Stanford, Allison has contributed to the Customer Success industry as the COO of Gainsight, a prominent customer success company, and a 1B USD unicorn. Allison Pickens.

Customer Success 21

Customer Success Customer Journeys Chief Customer Officer Customer Centricity 21

Wootric CX Blog

FEBRUARY 14, 2019

These authors, speakers, thought-leaders and dedicated customer experience professionals have all helped contribute to the widespread adoption of CX, not just as a strategy, but as a higher goal. They’re here, tirelessly working in every industry to make people’s lives just a bit easier, and a lot more joyful. Colin Shaw.

Customer Journeys 67

Customer Journeys Consulting Customer Experience Professionals Chief Customer Officer 67

Waypoint Group

JUNE 7, 2018

I recently wrote about the importance of leading indicators to improve customer retention and expansion rates in B2B environments. Waiting for financial results is too late; it behooves every company to embed a simple and repeatable set of steps that strengthen customer relationships over time.

Customer Success 40

Customer Success Customer Journeys B2B Feedback 40

ChurnZero

MARCH 22, 2019

We also had You Mon Tsang, CEO and Founder of ChurnZero share tried and true ways to improve customer retention. The industry will start to consolidate so if you’re doing something different, you’re going to be an outlier real soon and your numbers are not going to mean much. How to measure the impact of churn on your company.

Customer Retention 61

Customer Retention Customer Centricity Customer Success Sales 61

Amity

APRIL 25, 2016

Chief Customer Officer - Gainsight. Dan is a recognized domain expert in Customer Success especially in a startup environment and in SaaS. Dave is an industry veteran and early leader for Customer Success Management. Executive Director - The Customer Success Association. The Customer Success Magazine.

Customer Success 48

Customer Success Chief Customer Officer Consulting Customer Centricity 48

Lumoa

MARCH 20, 2018

Actionability is also, as we believe, one of the essential aspects of customer experience management. Build Voice of Customer program in 5 steps by Surveypal Customer Satisfaction Customer Satisfaction , or CSAT, is a broad term that describes many different types of customer surveys. It's simple.

Net Promoter Score 286

Net Promoter Score Customer Journeys Omni-Channel Customer Experience 286

Lumoa

OCTOBER 15, 2023

There is more and more discussion about this question, especially now living in an era where customer feedback is louder than ever. The frequency and timing of companies asking for customer feedback can be somewhat unclear, largely due to the diverse practices across different businesses and industries.

Feedback 208

Feedback Hospitality Analytics Touchpoint 208

SmartKarrot

AUGUST 22, 2022

Moreover, collecting VOC data can help you improve customer retention rates by eliminating any potential problems before they occur. This will reduce the cost of servicing unhappy customers and increase lifetime value for your company. You might also like: What Is Voice of Customer (VoC) and Why Is It Important?

Examples 10

Examples Tools Social Media Banking 10

SmartKarrot

JANUARY 5, 2022

Here’s our Top 50 Customer Success Influencers list for 2022 celebrating the inspiring visionaries and trailblazers who are helping shape the field and its future evolution. Aside from being an active member of the CS community, Jay can also be found having insightful conversations with industry leaders on his popular podcast.

Customer Success 23

Customer Success Chief Customer Officer B2B Leadership 23

InMoment XI

JUNE 28, 2022

Online reviews are a great source of unsolicited customer feedback, and they often offer perspective from a different segment of the customer base than surveys or other feedback channels. This acquisition empowers InMoment customers to do just that! They include: Survey: The industry’s first WCAG 2.0 Read more here!

Analytics 98

Analytics Feedback Report Industry 98