Nicereply

JUNE 18, 2020

Customer retention is the act of keeping customers engaged, creating customer advocates, and reducing churn before it happens. Imagine you never acquired another customer. Your sales team went home, and all you had left was your current group of customers. That’s where customer retention comes in.

Customer retention 125

Customer retention Feedback Surveys Metrics 125

Totango

AUGUST 16, 2022

Customer Retention Software Cuts Down Client Churn. Customer retention software has become essential for effective SaaS customer success strategies. A winning SaaS business model must prioritize retaining customers, which is far more cost-efficient than acquiring new clients to offset churn.

Customer retention 106

Customer retention Upselling CRM SaaS 106

ShepHyken

DECEMBER 9, 2022

Let’s say you work in the financial services industry and your company advertises to current customers who actively use your mobile app and potential customers that interact with your digital content. The ad highlights how easy it is to open a checking account with your institution. . Reduced customer churn .

Sales 315

Sales CRM Contact Center Customer retention 315

ShepHyken

JANUARY 27, 2020

(CustomerThink) Biometrics are transforming the way we interact and engage with our customers. From mobile devices that require biometric authentication to replacing the pin codes and using biometric data to open accounts, the business world is undergoing a transformation. Don’t just attract new customers.

Customer Service 53

Customer Service Customer retention Airlines Employee engagement 53

Totango

OCTOBER 2, 2020

Equipped with the knowledge provided by customer data, you can help your customer survive tough times by offering practical solutions that add value and ultimately contribute to customer retention during economic downturns — even ones caused by a pandemic. Customer Retention Is Your Future.

Customer retention 118

Customer retention Enterprise Best practices Metrics 118

Beyond Philosophy

OCTOBER 28, 2014

If your system dictates certain ways of doing things, your choice affects how the Customer feels about your organization. Let’s say your IT system requires getting your email address for every customer to access the details of the account. When you ask the customer for this, they might think, “Why do they need this information?

Customer Experience 300

Customer Experience Customer centricity Scripts Customer emotions 300

Totango

FEBRUARY 9, 2022

In the most passive manual renewal scenario, a company takes no proactive steps to encourage renewal, leaving it entirely up to the customer to remember it’s time to renew and take the necessary steps. In a minimally proactive scenario, a company might assign individual account managers to email, text, or call customers at renewal time.

Customer retention 100

Customer retention SaaS Best practices Upselling 100

TeleDirect

JANUARY 7, 2025

Whether its a technical glitch, a healthcare crisis, or a travel disruption, having round-the-clock support ensures that your customers are never left stranded. Boosting Customer Retention Consistent, reliable customer service builds trust and loyalty. Provide personalized assistance to enhance the customer experience.

Call Center 125

Call Center Abandon rate Average Handle Time Healthcare 125

ShepHyken

MARCH 27, 2018

Stop Losing Customers, Start Creating Loyalty. How can accountability create Moments of Magic ® ? Shep Hyken sits down with Joey Coleman to discuss how to “Never Lose a Customer,” which happens to be the title of his amazing book. What is customer retention strategies? How can you earn customer loyalty?

Customer retention 216

Customer retention Accountability Feedback Sales 216

Beyond Philosophy

OCTOBER 8, 2014

With their own brand to build and more freedom to test the waters, they can recruit more of the movers and shakers in the industry, which will lead to better products and services for their account holders. Competition is great for Customer Experience.

Customer centricity 276

Customer centricity Customer retention Customer emotions Airlines 276

TeleDirect

DECEMBER 25, 2024

Address customer concerns promptly, regardless of time zones. Financial Services Provide account support and fraud detection. Case Study 3: Tech Startup Reduces Downtime A tech startup outsourced 24/7 technical support to ensure customers received immediate assistance. Address urgent financial inquiries.

Call Center 127

Call Center Customer Experience Technical Support Healthcare 127

Kapta Customer Success

FEBRUARY 7, 2022

More importantly, you should always be focused on your customers and how you can improve their experience with your brand and products or services. This starts with tracking your churn rate versus customer retention and running churn analysis to discover what's causing customers to go to the competition — and change it.

Accountability 98

Accountability Management Customer retention 98

ShepHyken

MARCH 13, 2017

(TCFCR) Retailers would be wise to take direction from successful B-to-B enterprises and learn how to handle new customers, how to better serve the consumer, and mirror the way new business accounts are valued and coddled. My Comment: So many articles on customer service focus on the retail industry (B-2-C).

Customer Service 232

Customer Service Best practices Customer retention Customer Support 232

Cincom

JANUARY 30, 2025

These data allow businesses to tailor their communication strategy in the right direction to ensure that they are exceeding customer expectations. 1- Plots Customer Journey for Timely Engagement Understanding your customer is the foundation of any communication and retention strategy.

Customer retention 40

Customer retention Customer Experience Analytics Feedback 40

ShepHyken

DECEMBER 14, 2018

While useful, this often does not take into account the specific risks faced by an individual organization. Ted Bardusch, CISO at customer engagement hub Usermind highlights that a unified customer record is crucial to being able to meet the GDPR’s 72-hour customer breach notification rule. “To

Customer Experience 269

Customer Experience Government Coaching Customer retention 269

Kapta Customer Success

MAY 16, 2022

According to a collection of statistics from SEMrush, "44% of businesses focus on customer acquisition, while only 18% focus on customer retention.". But the statistics don't reflect this.

Accountability 104

Accountability Customer retention Management Sales 104

Kapta Customer Success

APRIL 29, 2024

Account managers can easily identify cross-sell and upsell opportunities with a white space analysis to increase customer retention and growth. Here’s how.

Customer retention 59

Customer retention Upselling Accountability Management 59

Totango

FEBRUARY 12, 2025

Whether it’s a global Fortune 500 company or an established powerhouse with niche offerings, the stakes for customer retention are high. A robust customer health model offers a solution. But for enterprises with complex customer networks, a basic health score wont suffice.

Enterprise 62

Enterprise Metrics Accountability Construction 62

ShepHyken

JULY 26, 2019

Let’s Get Acquainted With the Term Customer Experience. Mainly referring to a customer’s perception of their overall interactions, customer experience has been considered as a critical driver of customer retention and acquisition. 5 Ways to Enhance Customer Experience. Consumer research. Marketplace data.

Customer Experience 298

Customer Experience Feedback Customer centricity Customer retention 298

CSM Magazine

OCTOBER 23, 2024

As businesses increasingly turn to AI for customer service, the ethical implications of this technology deserve careful examination. The integration of AI in customer service raises questions about transparency, accountability, and the potential for bias, affecting both the customer experience and trust in the brand.

Customer Service 52

Customer Service Accountability Chatbots Customer retention 52

Kapta Customer Success

JANUARY 15, 2024

67% of businesses are prioritizing customer retention over new customer acquisition. If your business is making this shift, you’re likely interested in identifying the best tech to support your key account management team.

Accountability 59

Accountability Management Customer retention Technology 59

Beyond Philosophy

OCTOBER 6, 2015

which accounts for only about 6% of global sales for the brand. VW marketed the CleanDiesel car models for Audi A3, Jetta, Beetle, Golf, and Passat models to be better for the environment. They charged more for these environmentally friendly cars, too. The hope was the Clean Diesel would boost sales in the U.S.,

Banking 406

Banking Consulting Consulting Government 406

ShepHyken

MARCH 13, 2020

higher customer retention, 1.9x higher customer satisfaction rates” – Forrester. He or she can use all features, edit the details, and add admins, staff, and managers to the help desk account. This week we feature an article by Dwayne Charrington , a technical writer currently associated with ProProfs Help Desk.

Customer Support 273

Customer Support Customer retention Customer Experience Management 273

ShepHyken

OCTOBER 6, 2022

Well, again, my observations show that pretty much every team tasked with improving the customer experience and driving more sales and customer retention is doing some form of journey mapping. And they should as it’s probably the cheapest and simple way of finding opportunities to improve the customer experience.

Journey mapping 185

Journey mapping Customer emotions Customer effort B2C 185

ChurnZero

AUGUST 15, 2024

One of the most effective ways to achieve this is to leverage AI for customer retention by using it to understand customer trends and mitigate churn risks. And yes, there will be some shameless plugs for UpdateAI—I’m not just the Head of Customer Success and Community; I’m also the biggest fan of our own product!

Customer retention 52

Customer retention Management Accountability Analytics 52

ShepHyken

JULY 13, 2018

However, given the overall increased focus on customer satisfaction over the last decade or so, it makes business sense to overhaul or rethink your B2B customer experience as well. Remember, your business client is also a customer. Relationship Building in B2B for Customer Retention.

B2C 38

B2C Customer Experience B2B Journey mapping 38

Beyond Philosophy

AUGUST 4, 2015

They not only hit their numbers, but they also provide an excellent Customer Experience for their accounts. They balance the needs of the Customers and the needs of their organization. The Business Person is the new ideal. They understand what Mackay was saying about people and use it in their everyday approach to business.

Sales 398

Sales Customer centricity Customer Experience Accountability 398

TeleDirect

JANUARY 9, 2025

Financial Services Assist with account inquiries, loan applications, and fraud detection. Deliver multilingual support for diverse customer bases. Customer Retention : Consistent, high-quality service ensures satisfied customers and repeat business. Ensure HIPAA-compliant communication.

Call Center 77

Call Center Healthcare Multichannel First call resolution 77

ShepHyken

MAY 25, 2018

This week we feature an article by Matt Nolan who shares five keys to building more compelling, sustainable customer relationships. Customer retention used to be considered just a “service problem.” – Shep Hyken. They also leverage value models that factor in channel constraints, like cost-to-serve.

Call Center 185

Call Center Customer retention Upselling Advertising 185

ProProfs Blog

APRIL 17, 2020

In short, your success relies on the fact that your customers don’t leave you. And if you successfully increase customer retention rates by 5%, then you can boost profits by 25% to 95%. That’s one of the reasons why y ou formulate strategies to retain your customers. 5: Customer Satisfaction Score. #6:

Metrics 142

Metrics Customer retention SaaS Surveys 142

ShepHyken

FEBRUARY 25, 2022

Customer service is essential to the loyalty of your clients. Loyalty leads to customer retention, and retention is vital for businesses because the cost of acquiring new customers is on average five times higher than retaining your existing clients. Customer service starts with people .

outsourcing 156

outsourcing Customer retention Contact Center Wait times 156

Blueship Call Center

DECEMBER 19, 2024

In retail, order inquiries, returns, and complaints against customers become the back office of outsourced call centers, thus setting up customer retention and satisfaction. Financial institutions often outsource call center services for 24/7 support in fraud detection, account inquiries, and loan processing.

outsourcing 74

outsourcing Call Center Healthcare Education 74

Taylor Reach Group

MARCH 10, 2020

Companies are looking at customer insight, customer journey mapping, CSAT, customer acquisition, data analytics, culture and brand. While the roles may vary widely in their level of accountability, breadth across the organization, or channels (web, store, mobile, call center, etc.), Great scores alone aren’t enough!

Customer Experience 123

Customer Experience Journey mapping Customer retention Chief Customer Officer 123

TeleDirect

JANUARY 4, 2025

Minimizing downtime for customers relying on your product. Financial Services Handling account inquiries, fraud detection, and loan applications. A: While there is an upfront investment, the long-term benefitsincluding increased revenue, customer retention, and improved reputationmake 24/7 support highly cost-effective.

Healthcare 62

Healthcare Call Center call center solutions Sales 62

ChurnZero

JANUARY 26, 2022

Improving Customer Retention and Account Management with the ChurnZero and HubSpot Integration. With a dashboard that shows customer health and the opportunity to automate alerts, teams can improve customer retention rates exponentially. Complete 360° Customer Visibility. Production adoption.

Customer retention 97

Customer retention Chief Customer Officer Accountability SaaS 97

The Northridge Group

NOVEMBER 4, 2021

When executed appropriately, frontline excellence training produces contact center managers who can effectively train their associates to improve customer experience and increase first call resolution leading to cost savings and increased customer retention. . Accountability is essential for coaches as well as associates.

Best practices 145

Best practices Coaching contact center associations Contact Center 145

Kapta Customer Success

JANUARY 8, 2024

As businesses strive to do more with less, customer retention and expansion is the way to go. This allows you to spend less on costly new customer acquisitions while protecting the 20% of your existing customer base that generates up to 80% of your revenue. Looking to hit your business growth goals this year?

Upselling 59

Upselling Accountability Management Customer retention 59