Remove 2017 Remove Metrics Remove Upselling
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5 Top Customer Service Articles For the Week of November 20, 2017

ShepHyken

Stats and facts prove that a personalized experience allows you to upsell, cross-sell and create customer loyalty. 2) What are your favorite metrics to measure the success of CX initiatives and why? The post 5 Top Customer Service Articles For the Week of November 20, 2017 appeared first on Shep Hyken.

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100+ Customer Experience Stats to Prepare for 2023

CCNG

AmericanExpress, 2017) Only 43% of CX executives are highly confident in their company’s CX proficiencies and preparedness for the future. Marketing Metrics, 2010) Increasing customer retention rates by 5% increases profits anywhere from 25% to 95%. Temkin, 2017) 48% of consumers expect specialized treatment for being good customers.

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A to Z Guide to Customer Experience Definitions and Terms (Updated)

Lumoa

upselling to the most loyal customers) Process changes (e.g. Customer churn is a critical metric because it is much less expensive to retain existing customers than it is to acquire new customers. Wondering which metric to choose? Customer churn is the opposite of retention. So why should you care? ” – Shep Hyken.

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Understanding the Joint Success Plan: A Tool for Outcome-Based Customer Success Management

ChurnZero

From technical support to renewals and upselling, this role might be one of the most confusing and misunderstood jobs in all of tech. . Strong delivery for, and relationships with, your champions will most certainly make an impact on your future renewal and upsell opportunity outcomes. Executive Sponsor: . Primary Contact(s): .

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Q&A: Role of Customer Success According to Three Leading Investors

ChurnZero

million round of financing led by Grotech Ventures in 2017. Account expansion is often a more telling metric at this stage as those companies with high-growth potential will often see off-cycle expansion just a quarter or two into a new customer subscription – the proverbial land and expand. . ChurnZero raised a $2.5

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Customer Success is Changing: Top SaaS CEOs Reveal What’s Ahead

ChurnZero

While acknowledging that Sales is extremely challenging, Mehta recalls prior experiences – such as upselling a sizeable expansion or winning a new contract because of an advocate – where, although Sales led and closed the deal, the CSM’s ongoing involvement in the account made the sell significantly easier. How do you counter this?”.

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Do Your Live Chat Agents Measure Up? The 9 Best Key Performance Indicators and How To Use Them

Comm100

Here are some things to look for with this metric: How many chats are agents accepting as opposed to rejecting or passing off to other agents? We’ll look more at the average handle time metric later. You can analyze this metric by viewing your chat volume report. You can check out this metric in the agent workload report.