CCNG

OCTOBER 19, 2022

(Oracle, 2011) Businesses have a 60 to 70% chance of selling to an existing customer while the probability of selling to a new prospect is only 5% to 20%. Marketing Metrics, 2010) Increasing customer retention rates by 5% increases profits anywhere from 25% to 95%.

Customer Experience 195

Customer Experience Journey mapping Metrics Surveys 195

TechSee

JUNE 16, 2022

In addition, he is the author of The Welcomer Edge: Unlocking the Secrets to Repeat Business and The Endangered Customer: 8 Steps to Guarantee Repeat Business. For Richard, the essence of good customer retention is to focus on relationship building, making sure that customers who enter as strangers leave as friends.

Customer Service 251

Customer Service Chief Customer Officer Contact Center Consulting 251

Hodusoft

MARCH 18, 2025

Improve Customer Retention Rate According to recently published data , the average customer retention rate in the e-commerce sector is about 38 percent. When compared with other sectors, the customer retention rate of the e-commerce industry is among the lowest.

Contact Center 52

Contact Center Contact center software Advertising Best practices 52

Fonolo

JANUARY 14, 2020

Which customer service blog posts helped to shape the last decade for you? . When we look back at the customer support industry in 2010, we see a very different beast to the one we work in today. Here, we cover the 20 best customer service blogs and influencers to follow in 2020.

Customer Service 136

Customer Service Chief Customer Officer Contact Center Call Center 136

ijgolding

DECEMBER 9, 2014

A few years ago (I think it was 2010), I purchased a pair of Converse trainers from online retailer JD Williams. Communication Channels Customer retention and loyalty Retail birthday emails customer experience customer loyalty Customer Retention email marketing JD Williams NH Hotels online marketing'

Customer retention 84

Customer retention Marketing Customer Experience Personalization 84

The Petrova Experience

JANUARY 28, 2025

Businesses need customer feedback collection to thrive in a competitive market. Everyone thinks they are collecting and acting on customer feedback, yet 80% of US companies failed to increase customer satisfaction since 2010. And customer retention rates are plunging. Customer retention drops.

Feedback 40

Feedback Healthcare Surveys Customer retention 40

SharpenCX

JUNE 30, 2021

According to PWC , the number of companies investing in their omnichannel customer experience jumped by more than 300% from 2010 and 2020. Companies knew it was taking the customer service world by storm, but as with any trend, it was hard to predict if it’d be fleeting or if it’d stick around.

Customer Experience 76

Customer Experience Multichannel Customer retention Customer centricity 76

ProProfs Blog

OCTOBER 25, 2019

That’s because of long-term customer loyalty results to: Increase word-of-mouth publicity. Reduce new customer acquisition cost. Reduce customer retention cost. According to a study published by Bain , a customer experience promoter has a lifetime value to a company that’s 600 to 1,400% that of a detractor.

Surveys 84

Surveys Accountability Metrics Feedback 84

ChurnZero

JANUARY 13, 2022

Bill Mahoney, Chief Customer Officer, ComplySci. In his new role, Bill will be responsible for ensuring success throughout the customer entire lifecycle, from initial onboarding onward. I am pleased to see her take on an expanded leadership position of Chief Customer Officer.

Chief Customer Officer 98

Chief Customer Officer SaaS Engineering Consulting 98

C3Centricity

AUGUST 17, 2020

RightNow Customer Experience Impact Report. Walker forecast that by 2020, customer experience will overtake price and product as the key brand differentiator. Customers 2020 Report. A 10% increase in customer retention levels result in a 30% increase in the value of the company. Bain & Co.

Customer centricity 118

Customer centricity Airlines Big data Marketing 118

eGain

MARCH 3, 2015

In 2010, Dixon, Freeman and Toman (DFT) published an influential paper in the Harvard Business Review, titled Stop Trying to Delight Your Customers. The post Measure to manage customer experience appeared first on eGain Blog. The trouble is NPS is not very diagnostic. If you have a poor NPS it isn’t clear what to do about it.

Customer Experience 69

Customer Experience Management Contact Center Average Handle Time 69

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.

Customer retention 28

Customer retention Sales Personalization CRM 28

AskNicely

AUGUST 17, 2018

Treat your customer as an advisor. This creates an emotional bond between the customer and your brand. Emotional bonds create lasting relationships for growth and customer retention. Obsession expressed through actioning customer feedback. And respond by taking action. Enter the Net Promoter Score (NPS) survey.

Feedback 60

Feedback Customer centricity Surveys Employee engagement 60

GetFeedback

DECEMBER 27, 2018

Learn about the top two customer surveys for predicting and increasing customer retention. From 2010 to 2015, email opens on mobile grew 30% , leaving desktop and webmail clients in the dust. Long story short, if you’re sending email surveys to customers, you need to assume they’re opening them on their phones.

Surveys 90

Surveys Feedback Abandon rate Personalization 90

C3Centricity

DECEMBER 3, 2018

(Source: RightNow Customer Experience Impact Report). By 2020, customer experience will overtake price and product as the key brand differentiator. Source: Customers 2020 Report). A 10% increase in customer retention levels result in a 30% increase in the value of the company. Source: Bain & Co).

Big data 87

Big data B2C Marketing Airlines 87

TMP Direct

SEPTEMBER 23, 2021

Nearly 80% of marketers say improving customer retention is the primary goal of their CX strategy — and 98% have been successful in reaching that. Investing in CX improves long-term customer relationships, which reduces the cost of acquiring new customers. Personalization has a strong ROI.

Omni-channel support 52

Omni-channel support B2C Employee engagement Engineering 52

ijgolding

FEBRUARY 26, 2019

Guy Letts led customer service at a FTSE 100 company before founding CustomerSure in 2010. Hundreds of medium to large companies now rely on CustomerSure’s award winning customer experience software to measure and improve customer satisfaction and retention. My book, ‘Customer What?

Feedback 85

Feedback Surveys Journey mapping outsourcing 85

ClearAction

FEBRUARY 7, 2016

Loyalty is Not Just for Customers article. Customer-Centricity Means Customer-Centric BKM: Amazon, USAA, Zappos. Culture of Trust for Customer Experience Management BKM: Kimpton, Cisco. Customer Retention Begins With Trust article. Customer Retention Strategies webcast (18:37).

Customer Experience 48

Customer Experience Customer centricity Employee engagement Enterprise 48

customer sure

DECEMBER 6, 2023

Loyal customers are not only more likely to make repeat purchases, but they are also valuable brand ambassadors who can influence others through positive word-of-mouth, reviews and social media interaction. When you think about it, customer experience opportunities truly are everywhere.

Customer Experience 62

Customer Experience Brand ambassadors Healthcare Journey mapping 62

ijgolding

JULY 19, 2016

Carolyn (I hope she does not mind me using her first name), has been CEO of Easyjet since 2010 – she is also one of only 5 female CEOs of FTSE 100 companies. This is an extremely busy person – although I would imagine, she is no busier than any other CEO – regardless of industry or gender!

Airlines 75

Airlines Customer centricity Enterprise Personalization 75

ijgolding

MAY 11, 2016

Whilst there will always be some who are cynical of online reviews (as to the genuine nature of them), I think that any form of publicly available measurement can only continue to help put the customer at the heart of business decision making. In my opinion, the more we can see ‘the truth’ about the businesses we interact with, the better.

Customer Experience 65

Customer Experience Banking Benchmark Enterprise 65

ChurnZero

JANUARY 10, 2020

Prior to Zuora, Tom was Vice President and GM at Convio, playing a key role in the company’s 2010 IPO. Wednesday, January 2020, 2:00 – 3:00 PM EST. Customer retention and churn prevention starts at the beginning of a customer’s journey with your company – in onboarding.

Chief Customer Officer 52

Chief Customer Officer SaaS Customer retention Engineering 52

Education Services Group

FEBRUARY 12, 2019

When the iPad launched in 2010, people couldn’t seem to figure out what it was for. But that world would never have come about if not for the bold few in 2010. Those people are the early adopters — the first customers to adopt a new product or technology before the rest of the population catches up.

Feedback 45

Feedback Sales Technology Marketing 45

Netomi

JANUARY 5, 2022

Eliason, who interacted with more than 10,000 Comcast customers via Twitter, was the subject of significant press attention; he was featured in The Wall Street Journal , ABC News , Wired , The Washington Post , BusinessWeek , Forbes , and The Philadelphia Inquirer , among other publications. Customer Service Leaders: Stacy Sherman.

Customer Experience 98

Customer Experience Customer Service Consulting Consulting 98

CSM Practice

SEPTEMBER 25, 2020

The Customer Success Economy with the lovely Allison Pickens. At CSM Practice we accelerate SaaS companies’ profitable growth through customer retention and expansion selling strategies. Irit Eizips: (18:17). Yeah exactly especially post COVID. I heard you came up recently with a new book, Congratulations!

Upselling 85

Upselling Surveys Chief Customer Officer Consulting 85

NobelBiz

FEBRUARY 22, 2023

This is done to increase customer satisfaction and improve customer service. In 2021, 67 % of businesses want to focus on customer experience, up from only 36 % in 2010! Customer satisfaction (CSAT), net promoter score (NPS), and customer retention rate are now the 3 key performance indicators for customer experience.

Contact Center 52

Contact Center Customer centricity Analytics Abandon rate 52

NobelBiz

FEBRUARY 22, 2023

This is done to increase customer satisfaction and improve customer service. In 2021, 67 % of businesses want to focus on customer experience, up from only 36 % in 2010! Customer satisfaction (CSAT), net promoter score (NPS), and customer retention rate are now the 3 key performance indicators for customer experience.

Contact Center 52

Contact Center Customer centricity Analytics Abandon rate 52

delighted

JANUARY 7, 2020

The number of companies investing in the omnichannel experience has grown from 20% to 80% since 2010. This means that brands need to measure and manage customer experience at every stage of the customer journey, and nothing highlights this more than how disappointed customers currently are in the quality of mobile brand interactions.

Customer Experience 40

Customer Experience Surveys Feedback Marketing 40

Hodusoft

JUNE 7, 2024

If you have watched the 2006 Hollywood movie (or its 2010 adaptation) ‘Outsourced’ then Todd Anderson (or Todd Dempsy, in the series) is the closest and the best example of a call center manager. To define a call/contact center manager in a more fun and engaging way, let’s cite an example from popular culture.

Best practices 52

Best practices Call Center Omni-channel support Management 52

Connecting the Dots

APRIL 3, 2024

The most progressive companies understand that effective onboarding processes extend well beyond new customers ( e.g. , introduction to new product features or add-ons; in B2B environments, identifying employees who were not users or employees when the original product was introduced) and are a key to customer retention.

Education 62

Education B2B Sales Surveys 62

Balto

AUGUST 3, 2022

Companies that have personal interactions with a large segment of their customers see a 1-2% increase in total sales due to increases in loyalty. Customer acquisition is five to twenty-five times more expensive than customer retention. 2010, December). 2020, July 10). Entrepreneur. Lindecrantz, E.,

Contact Center 52

Contact Center Interactive Voice Response Surveys Self service 52

SmartKarrot

MAY 14, 2020

Customer success as a function in a business has undergone a vast evolution in itself, especially in the last decade, when more and more companies have realized the benefits of customer retention and loyalty. Between 2000 to 2010: CRM, Web Channels, Mobile App . 2010: SaaS, 2013: Customer Success .

SaaS 10

SaaS Upselling Customer retention CRM 10

SmartKarrot

JANUARY 22, 2021

Here is what we will be delving into today: Customer Success: Past. 1995 – 2000: The Rise of Customer-Centric Business Outlook 2000 – 2005: Customer Relationship Management and Marketing Automation Platforms 2005 – 2010: Automation and Marketing plugs in Engagement and Sales. Customer Success: Present.

SaaS 10

SaaS Customer centricity CRM Analytics 10