Remove Benchmark Remove Case Study Remove Upselling
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How to Calculate and Improve Your Customer Retention Rate

Totango

Second , you can use your current CRR as a baseline to set goals and benchmarks for improvement. Retaining customers is far less expensive than the cost of acquiring new ones and can bring growth in the form of upsells from current customers. A Positive Customer Retention Rate Leads to Renewals and Upsells.

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11 Customer Success statistics, quips and quotes on investing in these teams

ChurnZero

Case studies have shown loyal customers spend more— up to six times more —over the customer lifetime. If the vendor has been smart enough to collect aggregate data about how its customers use the product or service, it can also offer useful benchmark metrics to bolster that guidance.” This isn’t merely a theory.

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15 Helpful Strategies to Reduce Customer Churn

ProProfs Blog

Stable customer base results in higher referrals, improved upsell revenue and increased lifetime value (LTV) which further results in improved customer acquisition in future. Reducing customer churn is impossible if you don’t have access to the right insights to analyze and use as a benchmark. Share case studies regularly.

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7 Customer Marketing Strategies to Increase SaaS Retention

ChurnZero

Celebrate (and Capitalize) on Success With Case Studies. Case studies are a mutually beneficial way to promote your product and your customer among interested audiences – so long as your features know their place in the story. Uncover Opportunities With Upsell Campaigns.

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Selecting US Call Centers: What to Know Before You Sign the Contract

Outsource Consultants

Now, let’s examine how to effectively assess call center performance through key metrics and benchmarks. Ask about client case studies, vertical-specific compliance, and rep training programs tailored to your industry. How do I evaluate a call center’s industry experience?

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Making the Most of the Customer Lifecycle Management Process

Totango

Defining your customer journey also gives you a clear set of milestones and goals to benchmark customer progress. Customers can experience escalation while they’re in the midst of renewal, or some circle back to onboarding due to an upsell. . How to Manage the Customer Lifecycle. Optimizing the Customer Lifecycle Management Process.

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Why an 80/20 Service Level is Wrong for Your Call Center

Fonolo

Or how many opportunities to upsell a customer were missed because the customer support agent didn’t have the time to build a relationship with the customer? Here’s a great case study on a company that reduced abandonment rate: First Service Credit Union. How Do You Set the Right Service Level for Your Contact Center?