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Top 5 Customer Service & CX Articles for Week of April 14, 2024

ShepHyken

Balancing Customer Loyalty in an Age of Growing Business Costs by Tom Behnke (Retail TouchPoints) Consumers again and again have propped up the economy, fueling consistently strong growth in ecommerce and giving the retail industry an important edge in otherwise dark times. Over 90% of businesses today offer a loyalty program.

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Create memories that tell your brand story

CX University

Customer-facing teams in sales and service-orientated environments embrace the concept. Customer experience is most commonly misunderstood as customer service which refers to the types of assistance, advice, and levels of engagement customers endure before, during, and after a sales transaction.

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Why Customer Experience Is The Real Driver Of Brand Success?

SurveySensum

It’s not just about the product or service; it’s about every interaction and touchpoint a customer has with a brand. Companies that succeed at customer experience increase their sales at a rate that is 4-8 percent higher than the market average. This results in repeat purchases, boosting your sales and customer loyalty.

Brands 83
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How To Increase Sales Using Surveys: A Guide

SurveySparrow

Similarly, you can increase sales using surveys by rolling out online surveys. How to increase sales using surveys: 1. Touchpoints that provide a less-than-ideal experience for your customer. Net Promoter Score: NPS asks a single question that is easy to understand and even easier to answer.

Sales 59
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How to Create the Best Customer Service Experience

SurveySparrow

This isn’t limited to a single interaction but encompasses all touchpoints a customer has with the business, from initial discovery and exploration, through the purchase process and including any subsequent support or service encounters. It’s about making a customer feel valued and listened to at every single touchpoint.

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Delighted’s retail customer experience guide for 2021 and beyond

delighted

Retail customer experience was predicated around these physical elements and touchpoints: Are the employees helpful? Customer experience must now be consistent across all touchpoints to ensure customer needs are being met wherever customers choose to interact with your brand. Does the store carry the products customers are looking for?

Retail 69
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Customer lifetime value formula: Easy ways to calculate it

delighted

It also means you’re getting a smaller margin for every sale. Knowing what your customer lifetime value is versus your acquisition costs can shine a light on how you need to adjust your strategy to bolster margins: optimize your lead generation program, focus on delivering more value for your customers, or both.