ShepHyken

JUNE 21, 2022

She shares how organizations can identify, measure, and address issues to improve customer experience. Top Takeaways: Customers are smarter than ever before. They don’t benchmark you against a direct competitor. Your team members feel the pain points in your business process as much as your customers.

Benchmark 168

Benchmark Customer retention Surveys Customer Service 168

Totango

FEBRUARY 10, 2021

A customer success strategy is a proactive plan for guiding your clients to outcomes that satisfy their needs. When your customers enjoy more value, your product adoption rates rise and customer retention rates go up. This promotes success for your company as well as your customers.

Customer retention 88

Customer retention Journey mapping SaaS Benchmark 88

Quiq

MARCH 31, 2022

Marketing and sales consistently combine their efforts to attain the most customers at the lowest price. But few businesses dedicate as many resources to customer retention. Keeping customers happy and continuing to buy from your e-commerce business deserves (and often requires) as many resources.

Customer retention 77

Customer retention Metrics Personalization Benchmark 77

Lumoa

NOVEMBER 8, 2018

According to The State of the Customer Experience survey that we did earlier in 2018, all companies track customer experience using one or several of the 6 world-wide recognised KPIs: Net Promoter Score (NPS), Customer Satisfaction (CSAT), Churn rate, Retention rate, Customer Lifetime Value (CLV) or Customer Effort Score (CES).

Metrics 162

Metrics Customer Experience Benchmark Surveys 162

ChurnZero

MAY 2, 2024

The 2024 B2B SaaS Benchmarking Survey by SaaS Capital is the most comprehensive and up-to-date source of its kind for SaaS and customer success leaders who want to know where they stand compared to peers and competitors. In turn, this necessitates more focus on customer retention strategies for long-term business sustainability.

SaaS 52

SaaS Benchmark B2B Surveys 52

ProProfs Blog

FEBRUARY 18, 2019

Customer retention, customer loyalty, customer engagement, phew, these words are all I read about these days. Ask any customer support expert, and they’ll go on about how good NPS is and how companies are adopting it and using it to their advantage. Set Benchmarks. Try Survey Maker Software for Free.

Benchmark 123

Benchmark Surveys Sales Metrics 123

CSR Inc.

SEPTEMBER 3, 2017

If you don’t know, you should definitely find out – especially if you are training and measuring agents on a specific behavior such as using the customer’s name a few times. How do we ask customers what they expect? By using Customer Satisfaction Surveys. Keep surveys short and sweet – try not to exceed 10 questions.

Customer Care 63

Customer Care Surveys Interactive Voice Response Customer retention 63

ProProfs Blog

DECEMBER 21, 2020

Stable customer base results in higher referrals, improved upsell revenue and increased lifetime value (LTV) which further results in improved customer acquisition in future. Needless to say, customer retention is the core value for the growth of any business. Post-chat survey feedback. Let’s dive in!

Surveys 148

Surveys Benchmark Feedback Sales 148

SharpenCX

AUGUST 31, 2021

A customized dashboard offers many benefits : Focused insights to improve training and coaching methods Compiled data to improve decision making Transparency to increase agent productivity Clarity around team goals and benchmarks. How you customize your dashboard depends on the outcome you’re looking for. Customer Churn Metrics.

Call Center 128

Call Center Metrics Benchmark Contact Center 128

TechSee

MAY 1, 2022

Customer satisfaction is a key performance indicator (KPI) that measures how well an organization meets customer expectations by rating the level of satisfaction with services or products. Organizations use customer feedback surveys to improve customer experience (CX) and increase customer loyalty.

Customer Experience 109

Customer Experience Surveys Benchmark Feedback 109

Fonolo

SEPTEMBER 7, 2017

CSat, NPS, and CES are best used together to achieve an accurate understanding of your customers and predict long-term business needs. If you want to improve your customer satisfaction strategy, boost customer retention, and impact the bottom-line, then it’s worth considering how these statistics can help you.

Contact Center 111

Contact Center Benchmark Customer effort Customer retention 111

GetFeedback

OCTOBER 4, 2019

Survey data collection might not seem like a revolutionary or groundbreaking business practice but in an economy that’s increasingly being driven by customer experience (CX) it’s one of the most important things an organization can do. Why survey data collection should be a company priority.

Surveys 60

Surveys Feedback Benchmark Education 60

GetFeedback

AUGUST 14, 2019

This is done with a formula to see the percentage of customers who selected very satisfied or somewhat satisfied against the whole of your customers surveyed. . Then multiply by 100 to see the percentage of satisfied customers. Why only consider the percentage of those customers who call themselves satisfied? .

Metrics 109

Metrics Journey mapping Surveys Coaching 109

ChurnZero

MARCH 22, 2019

To better understand the impact, we had Rob Belcher, Managing Director at SaaS Capital share benchmarking data from their eighth annual survey of private B2B SaaS companies. We also had You Mon Tsang, CEO and Founder of ChurnZero share tried and true ways to improve customer retention.

Customer retention 61

Customer retention Upselling SaaS Customer centricity 61

Vcaretec

JUNE 6, 2022

Believe it or not, though, A recent Forrester study shows that only 31% of firms closely monitor the quality of interactions with their customers. But how do those world-class brands who do monitor customer care then go about improving things like customer retention, customer loyalty, and customer advocacy?

Customer advocacy 90

Customer advocacy Wireless Customer Care Benchmark 90

NobelBiz

OCTOBER 24, 2023

Social media engagement for customer feedback. Post-interaction surveys to gather insights. Loyalty program enrollment for customer retention. In today’s digital age, customers can engage with brands through a wide range of channels, including social media platforms , email , and more.

Journey mapping 104

Journey mapping Customer Experience Interactive Voice Response Contact Center 104

AskNicely

OCTOBER 24, 2018

Most companies understand that Net Promoter Score is a measure of customer loyalty and loyalty leads to customer retention and growth. They give this KPI to their marketing department or customer success team. Causes: The Way-Too-Long Survey. Keep in mind that this friend understands the importance of surveys.

Surveys 60

Surveys Healthcare Benchmark Feedback 60

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

ChurnZero

AUGUST 25, 2021

A Net Promoter Score (NPS) ® is one popular way of measuring customer satisfaction in a way that’s easy to understand. It will help you set benchmarks to get a clear picture of your performance with your customers. Detractors are customers that selected a value between 0 and 6. Let’s start with the basics.

Journey mapping 98

Journey mapping Benchmark Feedback Metrics 98

Netomi

MARCH 27, 2022

Benchmarks for CSAT Scores By Industry. CSAT scores are the most popular and straightforward way to measure customer satisfaction. When measuring CSAT, it’s important to understand the different circumstances of your individual customers to glean actionable insights. Customer retention is fundamental to a thriving business.

Airlines 93

Airlines Benchmark Surveys Customer Support 93

Totango

SEPTEMBER 23, 2021

As a KPI, CSAT measures customer satisfaction by inviting customers to respond to a question such as, “How would you rate your overall satisfaction with the [product or service] you received?” Customers respond on a scale of 1 to 5, with 4 indicating a satisfied customer and 5 indicating a very satisfied customer.

Surveys 102

Surveys Metrics Benchmark Wait times 102

ChurnZero

SEPTEMBER 8, 2022

Providing access to on-demand training enables CSMs to support more customers and create a faster onboarding process. Supplying customers with the right content exactly when they are seeking it helps build the customer relationship. Increase customer retention, lower churn. Customer satisfaction. Author bio.

Education 98

Education Benchmark Customer retention Metrics 98

ChurnZero

JUNE 19, 2020

During the webinar, we discussed: How customer retention impacts the valuation of your company. How Customer Success can effectively drive retention. What data you need to get the investment in your Customer Success team. Q: Do you expect a shift in the value and focus of growth versus retention?

SaaS 72

SaaS Metrics Surveys Customer retention 72

ChurnZero

MARCH 31, 2023

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.” That’s an outsized responsibility that requires a dedicated and expert Customer Success team.

Benchmark 98

Benchmark B2B Accountability Consulting 98

Amity

OCTOBER 26, 2016

Net Promoter Score results can tell you a lot about your customers, your organization, and the relationship between the two. • Customer Psychology And The Unexpected Power Of Surveys. What if your surveys were having unintended consequences? • Why Net Promoter Score Benchmarks Don't Matter.

SaaS 72

SaaS Benchmark Surveys Customer retention 72

Totango

JANUARY 10, 2024

“Rather than gleaning actionable insights from siloes or single sources, our focus in 2023 has been gathering insights directly from our clients from areas that all of us are familiar with: NPS, surveys through support, post-implementation, product insights, business reviews, and more.”

Sales 96

Sales industry standards Benchmark Upselling 96

ChurnZero

DECEMBER 6, 2021

Acquiring new customers can be markedly more expensive than retaining existing ones. That’s why performing a customer churn analysis can be powerful in the endeavor to increase customer retention. We dive into seven steps for a successful customer churn analysis. . What is Customer Churn Rate ?

Customer retention 98

Customer retention SaaS Feedback Benchmark 98

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. It’s also helpful to make collecting feedback a part of the customer onboarding process.

Customer retention 98

Customer retention Feedback Benchmark SaaS 98

Totango

DECEMBER 28, 2021

Another way to check-in with customers is by sending periodic satisfaction surveys. For example, Net Promoter Score (NPS) surveys ask customers how likely they would be to promote you to a friend or colleague. Another strategic time to check-in with customers is when their usage level drops below desired benchmarks.

Best practices 99

Best practices Benchmark Education Surveys 99

Satrix Solutions

SEPTEMBER 8, 2020

Marketing the Customer Experience. The marketing team oversees the Net Promoter Score survey program as one of the key performance indicators used to guide strategic investments and establish the impact of marketing spend. I previously authored this article on how to ensure customer survey data quality. I’ll outline why.

Marketing 78

Marketing Customer Experience Benchmark B2B 78

PeopleMetrics

FEBRUARY 26, 2018

It has become all too common for B2B SaaS companies to survey their customers once a year through a moment-in-time customer relationship survey, with at least one section addressing the ultimate question of Net Promoter Score (NPS). Let’s move on to how many new customers you acquired” is likely the next agenda item.

SaaS 96

SaaS Feedback Surveys B2B 96

Nicereply

DECEMBER 17, 2024

The fundamental principle behind CES is simple: the easier it is for customers to do business with you, the more likely they are to continue doing so. This core customer service KPI is typically measured through surveys that ask people to rate their agreement with statements like, “The company made it easy for me to handle my issue.”

Customer effort 52

Customer effort SaaS Benchmark Surveys 52

delighted

JANUARY 4, 2022

Given the importance, we’ve taken a closer look at what customer feedback is, the benefits of gathering customer feedback, and the most effective way to get started collecting feedback – customer surveys. What is customer feedback? Pay attention to your customer touchpoints. Customer satisfaction surveys.

Feedback 89

Feedback Surveys Customer effort Benchmark 89

Lumoa

JULY 10, 2018

The probability of selling to a new prospect is 5-20%, while the probability of selling to an existing customer is 60-70% according to Marketing Metrics. Murphy & Murphy estimate that a 2% increase in customer retention has the same effect on profits as cutting the costs by 10%. Still only partially convinced?

Customer Experience 113

Customer Experience Metrics Banking Feedback 113

Totango

AUGUST 23, 2022

Providing tutorial tips to answer customer questions and encourage greater product adoption. Delivering customer support. Resolving customer escalations or problems. Administering customer satisfaction surveys. Reminding customers to renew subscriptions. Customer support events. Making upsell offers.

B2B 119

B2B Journey mapping SaaS Upselling 119

C3Centricity

AUGUST 20, 2024

This post explores the importance of measuring customer delight, its impact on brand loyalty, and practical methods to achieve and assess it. The Evolution from Satisfaction to Delight Customer satisfaction has traditionally been the benchmark for evaluating customer experiences.

Customer effort 62

Customer effort Customer advocacy Benchmark Surveys 62

delighted

MAY 4, 2021

The goal is to monitor how your customer base feels about your company over time as both your business and the market evolve. Insights gathered are to inform strategies that improve customer loyalty, and subsequently revenue through increased customer retention, reduced churn, and word of mouth. When to send NPS surveys.

Metrics 77

Metrics Surveys Feedback Benchmark 77