CustomerSuccessBox

APRIL 7, 2022

The benchmark of Net Retention Rate. Customers like to engage with your products more, so make upsells and expansions. So as per the benchmark, only 125% of Net Retention has been able to crack by the 10% of companies and that is your golden benchmark ultimately. Your product is worth paying more than the initial value.

SaaS 98

SaaS Benchmark Upselling Metrics 98

Totango

JANUARY 10, 2024

From there, Beswada explained that the insights are grouped into relevant segments and then aggregated into dashboards accessible across the organization to marketing, product, operations, and sales. Partners [product, sales, and marketing] are active participants in building those retention strategies.

Sales 99

Sales industry standards Benchmark Upselling 99

Totango

AUGUST 23, 2022

For example, a website visit, an online sales purchase and a phone support call are all potential customer journey B2B touchpoints. In terms of the customer lifecycle, touchpoints may occur at any point during an interaction with your brand, including: Pre-sales, starting with a prospect’s first marketing touch. Making upsell offers.

B2B 122

B2B Journey mapping SaaS Upselling 122

Totango

JULY 1, 2022

In a B2B SaaS context, SaaS customer loyalty is expressed primarily through actions like subscription renewals, upsell purchases, referrals and product engagement. Other important loyalty metrics include subscription renewal rate , churn rate, upsell rate, and customer lifetime value.

B2B 114

B2B SaaS B2C Upselling 114

aircall

FEBRUARY 17, 2021

But when you put in the time and effort for sales strategy planning, the sky’s the limit as to how much you can achieve. . With some help from technology and a little thoughtful planning, you can create a sales strategy plan that helps your sales team reach their targets, week after week. A structure for your sales team.

Sales 62

Sales call center software Best practices Call Center 62

Totango

DECEMBER 20, 2023

Totango’s high score from G2 users not only underscores our efficient implementation but also sets a best-in-class benchmark for other software in the customer success category. All the while galvanizing internal collaboration across accounts and facilitating upsell/cross-sell opportunity and execution to grow our book of business.

Enterprise 115

Enterprise Customer centricity Benchmark Upselling 115

Cincom

MARCH 6, 2025

The contemporary competitive market poses a formidable challenge to maintain profitability across multiple sales channels. By integrating these intelligent capabilities, CPQ doesnt just streamline pricingit ensures that every sales interaction is a strategic move toward higher revenue, improved customer satisfaction , and long-term growth.

Automotive 40

Automotive Revenue potential CRM Sales 40

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. Where have your sales and marketing strategies failed to keep customers engaged with the brand? They have a sales target to meet. Let’s dive in!

Surveys 148

Surveys Benchmark Feedback Sales 148

ChurnZero

MARCH 31, 2023

In other words, the growth a company generates from loyal customers will vastly outweigh the value of the initial sale. Customer Success keeps sales team promises Sales and Customer Success teams both interact with customers at “different stages of their journey,” according to HubSpot.

Benchmark 98

Benchmark B2B Accountability Consulting 98

Totango

AUGUST 25, 2022

It increases customer satisfaction and loyalty, driving higher subscription renewal rates, reduced churn, and more sales from upsells and referrals. Extend upsell offers or referral incentives to customers with high satisfaction ratings. For example, you can: Extend premium upgrade offers to freemium customers.

SaaS 103

SaaS Upselling Metrics Journey mapping 103

Cincom

MARCH 20, 2025

Introduction Meet John, a sales manager at a manufacturing company that produces customized industrial generators. In the era where speed and accuracy are the two critical components of success, businesses leveraging CPQ software not only accelerates their sales cycles but also enhances customer satisfaction and drive revenue growth.

B2B 40

B2B Sales CRM Finance 40

GetFeedback

AUGUST 30, 2019

Surveys can play an important role in qualifying leads and subsequently generating a sale. The information that we gain from these surveys is invaluable when preparing for a sales meeting. Information like this is invaluable when conducting a review of your business, or as a means of benchmarking your service against competitors.

Surveys 110

Surveys Entertainment Benchmark Upselling 110

Quality Contact Solutions

OCTOBER 25, 2021

By Marcia Jenkins, Senior Operations Manager According to the 2021 Membership Marketing Benchmark report, it has been a challenging year for association membership. We make outbound calls to renew memberships, win-back lapsed members, promote conferences, and cross-sell and upsell members with new membership programs.

Telemarketing 98

Telemarketing Scripts Benchmark Upselling 98

Comm100

SEPTEMBER 28, 2022

Number of chats Agent utilization rate Average wait time Average chat time First contact resolution Invitation acceptance rate Sales conversion rates Visitor logs and wrap-up notes Customer satisfaction scores. Live Chat Benchmark Report 2022. Typically, a 50-60% benchmark is good to aim for. Sales conversion rates.

Average Handle Time 98

Average Handle Time Benchmark Wait times Metrics 98

Nicereply

NOVEMBER 21, 2022

However, for each industry, there are benchmarks to show the normal CRR. By constantly checking your customers’ health scores , you will be able to spot upsell and cross-sell opportunities and offer your clients the best solutions for their businesses. The higher the CRR, the more money you can invest in customer acquisition.

Customer retention 98

Customer retention SaaS Upselling Analytics 98

Totango

FEBRUARY 5, 2019

Maximizing post-sale customer management. With constant customer engagement and data monitoring, though, you can use change as an agent for personalizing your messaging and upselling your service. Help them benchmark their success by using statistics and accurate metrics so their growth becomes more visible. Rapidly Onboarding.

SaaS 76

SaaS Upselling Customer retention Benchmark 76

JustCall

DECEMBER 7, 2022

You want to rev up your sales team performance to compete in this fast-paced world. Well, there are sales metrics and sales analytics software to take you closer to goals. Read on to know how to track and improve your sales performance by using the right metrics and analytical tools. What is Sales Analytics?

Analytics 52

Analytics Sales CRM Metrics 52

RapportBoost

DECEMBER 26, 2018

Live chat is growing in use–especially among millennial customers–and chat communications can be optimized using machine learning in order to improve engagement, reduce cost and grow sales. I prefer to focus first on sales opportunities because there is often low hanging fruit, and because sales is more fun.

Benchmark 40

Benchmark Contact Center Chatbots Metrics 40

ChurnZero

JANUARY 26, 2021

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): .

Management 98

Management Chief Customer Officer Upselling SaaS 98

AskNicely

SEPTEMBER 25, 2018

Here’s why: According to The 2018 NPS Benchmark Study, when high-level executive support is present, an organization is twice as likely to successfully build an advanced NPS (Net Promoter Score) program. Increase in sales / upsells and referrals. What to learn more about NPS benchmarks and how you compare?

Customer advocacy 60

Customer advocacy Benchmark Upselling Best practices 60

ChurnZero

AUGUST 14, 2020

Its workstreams rely upon inputs such as sale’s manual data entry and gut instincts. Since buyers typically follow a uniform purchasing journey, CRMs are ideal for managing a sales pipeline. (If If you think a CRM is suitable for post-sale customer management, you’re wrong and here’s why.). Sales or Sales Operations.

CRM 87

CRM Finance Upselling Accountability 87

Help Scout

JULY 20, 2021

Many companies take a sales-oriented approach. Having a deeper, more dynamic customer relationship can result in a 20% increase in sales and in your bottom line. Setting up benchmarks for the standards you’d like to achieve with your customers is an essential step for deepening your customer orientation.

Sales 145

Sales Feedback Metrics Surveys 145

ClientSuccess

MARCH 5, 2020

More and more companies are looking to customer success teams to help guide their overarching business strategy (even in sales, marketing, and product) and to help manage and cultivate long-term account growth. Customer success is one of the most important – and fastest-growing – factors of today’s SaaS business models.

SaaS 64

SaaS Finance Benchmark Upselling 64

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. Assume your sales has just sold a SaaS software to a customer and you are waiting for the implementation to begin.

SaaS 72

SaaS Metrics Benchmark Upselling 72

Totango

OCTOBER 1, 2019

Because the customer journey is not linear, your customers may be split between your sales and customer success team. For example, your customer needs to onboard two new employees while simultaneously working through an upsell with your sales team. Goals to Consider: Product usage compared to benchmarks. .

Enterprise 81

Enterprise Metrics Benchmark Upselling 81

Totango

AUGUST 18, 2022

It also promotes higher product usage, increases the likelihood of upselling purchases and encourages customers to become enthusiastic brand advocates. Establishing benchmarks representing progression and completion of onboarding. Retention rates affect overall revenue and sales growth and your projected brand image.

Journey mapping 99

Journey mapping SaaS Upselling Enterprise 99

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. I will say that, I think the market is changing a lot, and we’re slowly moving away from an era where new sales dominated the conversation to one where CS will.

Customer retention 61

Customer retention Upselling SaaS Customer centricity 61

Pointillist

JULY 25, 2018

What are the quantitative business goals that will influence the journey analytics project e.g., churn, retention, acquisition, cross-sell, upsell, purchase, rate of renewal etc.? Upsell and Cross-sell Revenue Growth. 5 essential steps to find upsell and cross-sell opportunities with journey analytics ]. Outbound Sales Call.

Analytics 93

Analytics Government Metrics APIs 93

Ann Michaels and Associates

JULY 14, 2023

Benchmarking performance: CI enables companies to compare their performance with that of competitors, identify areas for improvement, and set realistic goals. Competitive benchmarking : Mystery shopping can compare a company’s performance against its competitors.

Benchmark 52

Benchmark Upselling Wait times Feedback 52

ChurnZero

MARCH 18, 2022

If you’re spending a ton of money to get a customer – you’re enterprise sales, you have expensive sales reps, or a long sales cycle – that’s a disaster. As long as you have a story, we can upsell them later if you’ve got additions built in or consumption or a second product coming. Is that fair, Dave?

SaaS 98

SaaS Metrics Surveys Enterprise 98

Quality Contact Solutions

FEBRUARY 26, 2021

SOC 2 Type II certification is considered to be the benchmark for data security. QCS offers many telemarketing services, including outsourced sales, upselling, cross-selling, surveys, lead generation, sales lead qualification, appointment setting, inside sales, and inbound customer service.

Telemarketing 52

Telemarketing B2C outsourcing Benchmark 52

ClientSuccess

FEBRUARY 15, 2021

Customer-centric service has emerged as one of the leading contributors to account renewals, recurring revenue, and upsells for SaaS-based organizations. . Here are a few actionable ways to use your new secret weapon to help customers: Set designated service level benchmarks and ask CSMs to meticulously track progress against these goals.

Benchmark 59

Benchmark Upselling SaaS Customer centricity 59

Totango

JANUARY 29, 2021

Successful customers become more likely to make cross-sell and upsell purchases. For best results, goals should be expressed in terms of quantifiable key performance indicators so that you can establish benchmarks and measure progress. Initiate handover from sales to customer success team and gather relevant data.

Best practices 85

Best practices Benchmark Upselling Accountability 85

Fonolo

JULY 5, 2023

How they approach upselling opportunities Upselling is something that all your customer-facing employees should be doing — not just sales. And the customer journey doesn’t end when you make the sale; your level of service post-sale is as (if not more) important than pre-sale.

Surveys 104

Surveys Brand ambassadors Sales Upselling 104

ClientSuccess

MARCH 5, 2020

More and more companies are looking to customer success teams to help guide their overarching business strategy (even in sales, marketing, and product) and to help manage and cultivate long-term account growth. Customer success is one of the most important – and fastest-growing – factors of today’s SaaS business models.

SaaS 52

SaaS Finance Benchmark Upselling 52

CustomerSuccessBox

OCTOBER 21, 2021

This creates opportunities for upselling, reselling, & cross-selling. The Golden Benchmark in Customer Success. This can be achieved through expansions or upsells. 125% is the critical value to hit and is the generally perceived golden benchmark for a CS department. Therein come the metrics for your efforts.

SaaS 52

SaaS Upselling B2B Benchmark 52

SmartKarrot

DECEMBER 2, 2022

What if your SaaS (Software As A Service) company discovered a new source of revenue that could potentially boost sales by 20–30% with less effort and money than gaining new logos? It is money earned after the original purchase and obtained through upselling, cross-selling , and renewals to your current clientele. Cross-sell.

Upselling 21

Upselling Management SaaS Benchmark 21