CustomerSuccessBox

MARCH 25, 2021

No matter what era we live in, customer retention is something that will never fade away. Let’s see the process of acquiring new customers. You’ve spent considerable time creating various marketing and sales funnels to convince your customer how your product can solve their problems. So why do we do that? Wondering How?

Customer retention 52

Customer retention SaaS B2B Upselling 52

Nicereply

DECEMBER 17, 2024

It should go without saying that keeping our customers happy is always worth the effort. SaaS companies accomplish this in a multitude of ways, from providing excellent customer service to ensuring their product meets user needs. Let’s dive in and discover how measuring and optimizing CES can transform your SaaS business.

Customer effort 52

Customer effort SaaS Benchmark Surveys 52

Totango

FEBRUARY 5, 2019

It’s about proactive customer success , not reactive customer service. ROI-focused SaaS strategies should be based on comprehensive data gathered from every customer engagement. That information is then turned into customer solutions that create an ongoing revenue source across the entire customer journey.

SaaS 76

SaaS Upselling Customer retention Benchmark 76

ChurnZero

JUNE 17, 2022

Over the last year even more, because it is known that onboarding sets the tone for a customer’s entire lifecycle. Customer retention, churn prevention, all of those efforts start at the very beginning. As soon as a customer signs a contract and onboarding kicks off, retention should be underway.

Metrics 98

Metrics SaaS Surveys Self service 98

CustomerSuccessBox

FEBRUARY 17, 2022

Unfortunately, many SaaS companies overlook this and focus on generating new leads. The cost of acquiring new customers becomes very high very quickly. One could argue that the NDR is much more than a number; It quantifies how your customers value or like your product and how much you affect their lives. Increases MRR.

Benchmark 52

Benchmark SaaS Customer retention Upselling 52

ChurnZero

MARCH 22, 2019

Did you know: For every 1% increase in revenue retention, a SaaS company’s valuation increases by 12% after five years? This was just one of the takeaways from our well-attended webinar this week on- Understanding the Real Impact of Improving Retention and Customer Success Best Practices. Q&A Recap.

Customer retention 61

Customer retention Upselling SaaS Customer centricity 61

CustomerSuccessBox

NOVEMBER 9, 2021

The main difference between traditional businesses and SaaS businesses: the cost of growth. Customers pay for the licenses before using them. The SaaS Business Model. SaaS vendors do not play on the same court. Their customers don’t buy a license once and for all. Why SaaS Business Model works?

SaaS 52

SaaS Customer retention Metrics Benchmark 52

ChurnZero

JUNE 19, 2020

It is no secret that customer churn hits recurring revenue businesses hard, but what’s its real impact on their long-term health and valuation? To answer that and more, we invited SaaS Capital’s Managing Director, Rob Belcher, and Software Equity Group’s Managing Director, Allen Cinzori, to join us for a webinar. Q&A Recap.

SaaS 72

SaaS Metrics Surveys Customer retention 72

Totango

SEPTEMBER 6, 2022

A quarterly business review (QBR) gives you four opportunities per year to showcase the value your product delivers to customers. For a SaaS company, an excellent QBR strategy can help you ensure you’re providing a product experience that will make customers want to renew their subscription during renewal time.

SaaS 110

SaaS Technical Support Benchmark Accountability 110

Totango

AUGUST 23, 2022

B2B Customer Journey Touchpoints: A Guide for CS Teams. B2B customer journey touchpoints mark the roadmap toward successful outcomes for clients and CS teams. In this way, customer journey B2B touchpoints serve as a powerful tool for increasing the effectiveness of your customer success strategy. Making upsell offers.

B2B 119

B2B Journey mapping SaaS Upselling 119

CustomerSuccessBox

JUNE 30, 2022

For a SaaS business, product adoption is one of the leading indicators of a successful and growing business. According to Harvard Business Review , it costs 5 to 25 times more to acquire a new customer than keep an existing one. Reflecting on the fact that customer retention is the backbone of SaaS.

SaaS 52

SaaS Benchmark Metrics Analytics 52

PeopleMetrics

JANUARY 13, 2017

When you are selling a SaaS product, you really need to think about what you’re actually selling. It seems like an obvious truth (after all, they are called Software-as-a-Service products), but many SaaS companies lose sight of the service side of things - they strive toward the goal of a no-touch sales organization.

SaaS 54

SaaS Benchmark Metrics Education 54

ChurnZero

JULY 9, 2020

These SaaS companies offer comprehensive training programs, resources, and events to their customers and even the larger professional community. They have loyal followings and student-customers who proudly display their certifications on LinkedIn to not only show off their product proficiency, but also their brand affiliation. .

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SaaS Marketing Upselling Chief Customer Officer 64

Amity

OCTOBER 26, 2016

SaaS Tattler Issue 96 - Going Beyond Net Promoter Scores. Net Promoter Score results can tell you a lot about your customers, your organization, and the relationship between the two. Self-reported data is notoriously inaccurate, which means just because your customers say they’d recommend you, that doesn’t mean they will.

SaaS 72

SaaS Benchmark Surveys Customer retention 72

ChurnZero

DECEMBER 6, 2021

All SaaS companies can expect some level of customer churn. For example, some customers who start a free trial may not ultimately subscribe, or those who do might realize they’re not interested in renewing their subscription. These are just a few of many possible reasons a SaaS company might see customers leave.

Customer retention 98

Customer retention SaaS Feedback Benchmark 98

Amity

JULY 13, 2016

The misconception with SaaS is that there is no longer a need for a team of this nature in today’s organization. Still, expectation gaps remain, Customer Success by definition is still in its infancy, processes are immature and confusion reigns. Jason Lemkin - Jason is a 2x founder, 1x VC, and dedicated SaaS enthusiast.

SaaS 81

SaaS Best practices industry standards Consulting 81

Totango

MAY 6, 2021

What is customer retention ? We’ll discuss what customer retention means as a concept, as a strategy and as a metric. And we’ll offer an eight-step path to increasing customer retention by following best practices and leveraging the power of automation. What Is Customer Retention?

Customer retention 75

Customer retention Best practices Education Benchmark 75

Amity

APRIL 25, 2016

Dan is a recognized domain expert in Customer Success especially in a startup environment and in SaaS. Dave is an industry veteran and early leader for Customer Success Management. Dave’s posts infuse his experience and thought leadership to enable SaaS companies to deliver world-class retention and growth.

SaaS 96

SaaS Chief Customer Officer Consulting Consulting 96

ChurnZero

NOVEMBER 9, 2021

Then, you can adjust to find your ideal customer timeline, which will serve as a good benchmark to help you manage any possible issues. Do: Collect and Apply Data to Improve Customer Onboarding. Customer onboarding is a crucial part of the customer journey to get right.

Customer retention 98

Customer retention Feedback Benchmark SaaS 98

Amity

FEBRUARY 2, 2016

Exploring the Top 5 Benefits of Customer Success. The nature of the SaaS model means that there is a very direct relationship between your company’s ability to achieve its corporate goals and your customers’ ability to achieve their goals. Why the Customer Success Manager is the Product Manager’s New BFF.

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SaaS Education Customer retention Sales 80

Playvox

SEPTEMBER 19, 2022

And the Forbes data cited above includes even more proof of the inherent value of customer experience. As a result, customer experience and operational leaders are often forced to not only provide remarkable experiences but also do it in an efficient way. You may be wondering how something like AutoQA can improve efficiency.

Quality management 80

Quality management Management Contact Center Benchmark 80

Totango

AUGUST 18, 2022

A Customer Onboarding Checklist for Successful CS Teams. A lot goes into crafting the ideal onboarding process for SaaS products. You need to clearly demonstrate the ins and outs of your software to ensure your customers know how to use it and how to employ it effectively in the pursuit of their enterprise’s unique needs and goals.

Journey mapping 96

Journey mapping SaaS Upselling Enterprise 96

Totango

DECEMBER 28, 2021

Knowing how to fight customer churn is critical for keeping SaaS business models sustainable. The more customers you lose to churn, the more you have to invest in new customer acquisition to maintain your revenue, and the harder it becomes to grow your business.

Best practices 99

Best practices Benchmark Education Surveys 99

Education Services Group

DECEMBER 4, 2019

One of the biggest business lessons of the last decade has been that keeping your current customers is just as important as acquiring new customers. In the age of SaaS, this is an indisputable fact. But there’s more to the success of your business than just retaining customers. What’s Customer Revenue Optimization?

SaaS 59

SaaS Benchmark Customer retention Sales 59

CustomerSuccessBox

NOVEMBER 19, 2018

We hear a lot in Customer Success about Voice of the Customer (VOC) but Debbi Stanley, CFRE , Vice-President of Sales & Customer Success, Rallybound feels there is a more important term – VOD or Valley of Death. The faster the customer achieves desired outcome, the higher the chances of customer retention.

SaaS 72

SaaS Metrics Benchmark Upselling 72

CustomerSuccessBox

JULY 19, 2021

We are no longer in the ownership economy, which basically means that you don’t have customers who are purchasing your product but rather you have subscribers who are renting or subscribing to your product or service. For SaaS companies today, there are many aspects of their business to consider when creating and measuring success.

SaaS 52

SaaS Customer retention Surveys Chatbots 52

ChurnZero

JUNE 17, 2022

Over the last year even more, because it is known that onboarding sets the tone for a customer’s entire lifecycle. Customer retention, churn prevention, all of those efforts start at the very beginning. As soon as a customer signs a contract and onboarding kicks off, retention should be underway.

Metrics 52

Metrics SaaS Surveys Self service 52

Amity

FEBRUARY 9, 2016

" After reading the Joel Test , we've come up with our own quick test to assess the maturity of Customer Success as a SaaS vendor. If you are a customer success professional considering taking a role at a SaaS vendor, this test can give you a quick sense of how customer success operates there.

SaaS 66

SaaS Enterprise Benchmark Upselling 66

ChurnZero

JANUARY 26, 2021

Never forget that it’s a value-add for your customers to work with someone with visibility into similar companies working toward the same goals. Their CSM becomes a valuable source of benchmarking guidance around what good metrics and execution look like for your industry. . . The Customer Success Battle Plan.

Management 98

Management Chief Customer Officer Upselling SaaS 98

ChurnZero

MAY 14, 2021

“Basically, if we knew that a Customer Success Manager might have a little bit of capacity, but not enough to bring a project to fruition, that’s a breaking point.”. As a benchmark, SaaS businesses typically begin to invest in Customer Success Operations when they reach around $10 million in revenue.

Customer retention 81

Customer retention Metrics Benchmark SaaS 81

ChurnZero

MAY 15, 2020

Facing massive economic instability for the first time, Customer Success teams had to devise crisis preparedness and communication plans as well as customer retention strategies to minimize churn. The data in this article is sourced from SaaS businesses across 20 industries that use ChurnZero.

Benchmark 72

Benchmark Accountability SaaS Customer retention 72

Amity

MARCH 22, 2016

SaaS Tattler Issue 79 - Giving Customer Success a Voice at the Executive Table. In an era where the customer experience matters more than ever before, having a voice at the executive table changes everything. Cue the Chief Customer Officer (CCO), breaking down Silos, strapped with customer intuition.

Chief Customer Officer 60

Chief Customer Officer SaaS Engineering Call Center 60

Quiq

JULY 7, 2022

What is customer churn? Customer churn rate (or customer attrition rate) measures how many customers you lose over a given period of time. It’s also the exact opposite of your customer retention rate. Next, figure out how to benchmark your numbers. Make sure to account for it.

Surveys 75

Surveys Customer retention industry standards Benchmark 75

CustomerSuccessBox

AUGUST 16, 2022

rightfully makes it to the top of the list as it is one of the longest-running Customer Success podcasts of all time. It primarily focuses on churn, and customer retention contains relevant data and thus, highly appeals to Customer Success Managers. Masters of SaaS. Link to the podcast: Masters of SaaS.

SaaS 52

SaaS Chief Customer Officer B2B Benchmark 52

Amity

OCTOBER 23, 2018

This really depends on your industry so you want to familiarize yourself with industry benchmarks. It is also worth engaging an independent unbiased third party to do a Voice of the Customer project and analysis. It typically involves interviewing customers and looking at your NPS scores and strategy.

Metrics 76

Metrics Best practices Customer retention SaaS 76

CustomerSuccessBox

NOVEMBER 17, 2021

A major shift in the distribution model of software meant that SaaS metrics needed to evolve. We will be discussing all Net Revenue Retention in this blog. What is Net Revenue Retention? If you are a SaaS business, churn is your devil with the pitchfork. Customers are unsteady, they sometimes run off to your competitors.

Upselling 52

Upselling SaaS Metrics Accountability 52

CustomerSuccessBox

AUGUST 10, 2021

Increased Customer Retention. A good health score indicated happy customers. And happy customers are likely to stay for you as long as they achieve their desired outcome. Hence churn decreases and retention rate increases. It was found that 46% maintain a customer health score to forecast churn or renewals.

Customer advocacy 52

Customer advocacy Customer retention Benchmark Surveys 52