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3 Ways To Balance Customer Acquisition and Retention Strategies

Lumoa

However, should your marketing budget be more focused on customer acquisition or retention is a tough question and one that will eventually define your growth. Talking about customer retention, you possibly already know the merits of investing time and money in keeping your existing customers satisfied and hooked.

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Key Customer Retention Strategies for Alternative Lenders

CSM Magazine

It is not enough to attract new customers to your services. Customer retention is even more important than customer acquisition. More than that, customer retention is the best form of marketing. Clients who recommend your services to others make the best ad. You can also add self-service tools.

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8 Voice of Customer Tools to Monitor Customer Experience

Thematic

You can then use it to improve and meet customer expectations better. Improve customer satisfaction and loyalty. You can improve customer loyalty by listening to feedback and addressing their concerns. This can lead to increased customer retention and positive word-of-mouth referrals.

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Three Ways Fleet Management Solutions Make Your FSO More Efficient

Alliance by IFS

Knowledge management features to connect your workforce and customers to the information they need, when they need it. Use Scheduling and Dispatch as Customer Retention Strategy. Customers who get their problems resolved quickly are much more likely to continue giving your company their business. It’s simple.

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5 Must-Have Tools to Maximize Productivity of Customer Support Teams

GlowTouch

But if your customer support team delivers a positive experience to these customers, they will go on to spend more money and become more loyal to the brand than other customers. It’s also vital to customer retention and loyalty. 82% of Americans: martech.zone – Customer Retention Numbers Infographic.

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How to deliver superb omnichannel CX in a digital world according to 24,000 consumers globally

OpinionLab

The infographic below highlights some more specifics around this point. So, according to our survey, around 4 in 5 want direct person contact, 3 in 4 expect a phone number on your website and more than 6 in 10 think they get better service in-person. After all, it’s hard to be delighted about a positive self-service outcome.

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Understanding business call routing and contact center services.

Call Experts

Automated, or AI-powered, call routing utilizes a series of voice prompts and touch tones which a caller activates following prompts through a self-service call. Are you an HVAC, plumbing, electric, or home services company? Download our infographic on the cost of a missed call here.