ClientSuccess

DECEMBER 21, 2021

Logo retention rate: the opposite metric from logo churn rate, this number measures the percentage of customers that renew or retain their business with your organization in a given timeframe. Product adoption: this metric tracks how many users at a specific customer are using the product or service.

Metrics 100

Metrics Upselling B2B SaaS 100

CustomerSuccessBox

JUNE 24, 2022

Every SaaS business lives and breathes by reducing churn and increasing recurring revenue. Monthly Recurring Revenue is a SaaS metric that you should be tracking in order to see where your SaaS business stands. This blog focuses on the excellent customer success techniques that will help you improve your recurring revenue.

Upselling 52

Upselling SaaS Customer advocacy Metrics 52

ClientSuccess

NOVEMBER 2, 2022

Bridging the gap between customers and a product team is critical, from managing customer implementations to ongoing account maintenance. But customer satisfaction is another side to the CSM role that has become increasingly important over the last few years. Building a personal investment in your product can excite customers.

Customer retention 70

Customer retention Upselling SaaS Accountability 70

ClientSuccess

FEBRUARY 21, 2022

As customer success has grown into a critical corporate function for SaaS organizations, CSMs have turned to data and metrics to make strategic decisions for their customers. This is where the Customer Health Score comes into play. Billing and Contract Terms: Is the customer up to date on all their bills and payments?

Upselling 68

Upselling Metrics SaaS Customer effort 68

Mindtouch

MAY 2, 2018

As the age of the customer continues to influence the shape and strategy of customer interactions, customer experience (CX) data such as Net Promoter Score (NPS ® ), Customer Effort Score (CES), and Customer Satisfaction (CSAT) inform strategic discussions across industries and verticals.

Customer Experience 59

Customer Experience Customer advocacy Customer effort Upselling 59

ClientSuccess

FEBRUARY 8, 2023

Logo retention rat e: the opposite metric from logo churn rate, this number measures the percentage of customers that renew or retain their business with your organization in a given timeframe. Product adoption : this metric tracks how many users at a specific customer are using the product or service.

Metrics 75

Metrics Upselling B2B SaaS 75

Amity

JULY 4, 2017

For end users and other customer contacts, trigger the survey within your SaaS product. Here is the end user survey experience in Wootric : All survey responses appear in your customer feedback dashboard in real-time, so it is easy to read, respond and route for action. Analyze the results of your NPS program quickly.

Surveys 66

Surveys SaaS Feedback Customer advocacy 66

Help Scout

JULY 20, 2021

While this could take the form of metrics like CSAT or NPS , you may also choose more nuanced, multifaceted options, such as: Product Adoption Score : a score that reports how much of your product’s functionality specific customers have used. This can lead to disjointed, ineffective customer service (even if the support staff is fantastic).

Sales 145

Sales Feedback Metrics Surveys 145

ClientSuccess

JULY 1, 2019

On the other hand, 72% of customers will share a positive experience with 6 or more people. 67% of customers mention bad experiences as a reason for churn, but only 1 out of 26 unhappy customers complain. As a CSM or customer success leader, you already know how involved other departments have to be with customer accounts.

Finance 49

Finance Upselling SaaS Metrics 49

Squelch

JULY 23, 2019

In part two below, we explore how customer success has evolved as SaaS and other subscription-based companies increase in popularity and what being customer centric truly means. How has the role of customer success evolved with the rise of SaaS companies? They don’t collect customer feedback.

SaaS 53

SaaS Customer centricity Chief Customer Officer Sales 53

Lumoa

MARCH 20, 2018

more friendly behavior in customer service) Marketing to take the info into account in better targeting (e.g. upselling to the most loyal customers) Process changes (e.g. informing the customer more often how the repair is proceeding) Only after you have acted on feedback, customer experience processes are developing.

Customer Experience 107

Customer Experience B2C Journey mapping B2B 107

Amity

OCTOBER 23, 2018

If you have a high volume of customers that are on monthly contracts then you will want to watch volume of customer churn and revenue churn. However, if you have fewer customers who are only on annual contracts and who you upsell and cross-sell to, you would want to keep a closer eye on Net Revenue Churn. Number of users.

Metrics 76

Metrics Best practices Customer retention SaaS 76

CSM Practice

FEBRUARY 24, 2020

An increase in this metric over time is a sign that your customer success team is becoming more efficient at its core goals. Average Time to First Value = Total Number of Days from Start of Onboarding to First Value for All Customers / Number of All Customers. 3. Customer Effort Score (CES).

Metrics 59

Metrics Customer advocacy Customer centricity Customer effort 59

Nicereply

JUNE 18, 2020

Any investment in customer retention programs pays off in the form of higher revenue and reduced customer acquisition costs. Great companies think long term when it comes to keeping customers around. SaaS and eCommerce have been around long enough that some companies now have customers for over a decade.

Customer retention 125

Customer retention Feedback Surveys Metrics 125

Squelch

JULY 23, 2019

In part two below, we explore how customer success has evolved as SaaS and other subscription-based companies increase in popularity and what being customer centric truly means. How has the role of customer success evolved with the rise of SaaS companies? They don’t collect customer feedback.

SaaS 40

SaaS Customer centricity Chief Customer Officer Sales 40

Help Scout

JULY 24, 2018

Consider a customer who walks into a retail store looking for a size medium blue T-shirt. A customer service rep could help locate the T-shirt, ring the customer up, and pack up the shirt for them. They might try to upsell by suggesting a sweater that looks nice with the shirt. It’s transactional.

Customer Support 40

Customer Support Customer Service Average Handle Time Upselling 40

JivoChat

AUGUST 24, 2021

You need to evaluate whether this is due to customer service, price, or other factors. Upsell and Cross-Sell Frequencies. Upsell and cross-sell frequencies are customer support metrics that tell you how often customers purchase a higher-tier version of your product (upsell) or a complementary product (cross-sell).

Metrics 59

Metrics Customer Service Upselling Average Handle Time 59

CSM Practice

SEPTEMBER 15, 2019

However, customer success extends to driving long-term customer lifetime value through various processes and operations. The non-monetized value is maximized for improved all-around customer experience with your company. This metric should be used to evaluate all your departments and not just the customer success team.

Accountability 45

Accountability Consulting Consulting Upselling 45

JustCall

MARCH 9, 2023

creating product documentation and associated resources, and so on Over to You There you go—while the difference between customer support and customer service may not seem much at first glance, the two are varying fields with contrasting end goals.

Customer Support 40

Customer Support Customer Service Average Handle Time Metrics 40

Kayako

OCTOBER 18, 2017

Customer engagement features let you proactively reach out to users on your website. This opens up a world of possibilities to target, engage, and convert visitors into customers. Use live chat customer engagement to reduce customer effort. Proactive engagement can meet many goals.

Sales 52

Sales Upselling Metrics SaaS 52

Lumoa

MARCH 20, 2018

more friendly behavior in customer service) Marketing to take the info into account in better targeting (e.g. upselling to the most loyal customers) Process changes (e.g. informing the customer more often how the repair is proceeding) Only after you have acted on feedback, customer experience processes are developing.

Customer Experience 60

Customer Experience Journey mapping B2C B2B 60

SmartKarrot

JULY 1, 2021

This is where customer success for startups comes into the picture. You must be aware that customer success teams wear many hats. In simpler words, they look into diverse functions – be it support, experience, upsell, renew, etc. But the core of each of these functions is unanimously the satisfaction of the customer.

SaaS 10

SaaS Metrics Upselling Chatbots 10

SmartKarrot

MARCH 4, 2021

Important Skills Required for a Customer Onboarding Specialist. Onboarding is when customers get the value from the product. To make sure customers get the value early, the focus should be on reducing customer effort and ensuring a smooth experience. Empathy will ensure customers are happy and understand success.

Education 19

Education Best practices Accountability Upselling 19

SmartKarrot

MAY 28, 2021

For a service company, the focus is on being open and true with customers, renewals, upsells, keeping communication safe, and looking out for churn. The focus is on keeping customers happy with the new language and properties. Service companies need to work like SaaS companies by keeping customer success at the core.

SaaS 10

SaaS Education Customer retention Upselling 10

SmartKarrot

DECEMBER 22, 2020

For Edtech companies, the initial point is whether students or teachers or customers received the log-in credentials. In this stage, customer efforts are mainly focused on delivering online materials, tech support and more. Once customers use the product, some engage very well. Some do not engage at all.

Education 10

Education SaaS Customer centricity Journey mapping 10

SmartKarrot

AUGUST 23, 2022

If any B2B SaaS (Software as a Service) company, or any company for that matter, had to choose one metric that measures their performance among the dozens of metrics, it would be the NPS or the Net Promoter Score. Almost every SaaS B2B Company trusts the net promoter score to assess its profitability and success in the true sense.

B2B 10

B2B SaaS Metrics Surveys 10

SmartKarrot

SEPTEMBER 22, 2020

Customer loyalty. Customer loyalty is one of the main goals for businesses that run on a continuous stream of income. Especially in a SaaS organization, you need to retain your customers to increase their lifetime value. This ensures that you are: Able to recover your cost of customer acquisition.

Advertising 10

Advertising Surveys Feedback Upselling 10

Nicereply

MAY 11, 2020

McKinsey found that repeat e-commerce customers spend more than double what new customers spend ($52.50 average cart size for repeat customers, compared to $24.50 for new customers). SaaS businesses can see a similar benefit by upselling existing customers and providing more value as the account grows.

Customer retention 115

Customer retention SaaS Metrics Surveys 115