2010 Customer retention Metrics 
Beyond Philosophy
NOVEMBER 10, 2014
In addition, higher levels of customer satisfaction are tied to high levels of positive cash flows with low volatility, and positive earnings surprises. Keeping Customers results in a high increase in value. Focusing on customer retention with a better Customer Experience will benefit your bottom-line expenses.
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%. over the last two years, 2.4 IDC, 2022).
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Beyond Philosophy
JUNE 1, 2015
Many companies have only recently come to the realization that some customers are more valuable than others; and, to be successful, loyalty programs need to target the higher, and potentially higher, revenue customers.
TechSee
JUNE 16, 2022
Paul is a Transformational, hands-on, customer service department leader with extensive experience using performance metrics, lean process improvements, and positive leadership in building effective, efficient, and happy customer service departments. Paul Husar, Senior Call Center Manager at LG Electronics. Follow on LinkedIn.
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.
eGain
MARCH 3, 2015
Within the contact center environment there are many operational metrics that are measured such as first call resolution (FCR) and average handle time (AHT). But it’s very unclear how these relate to traditional customer satisfaction measures. moments where the agent’s response is a lot worse or much better than the customer expected.
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.
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