ShepHyken

APRIL 17, 2017

My Comment: There is a difference between a customer loyalty program and a customer retention program. A repeat customer may not be a loyal customer. The goal of saving a defecting customer isn’t about making them loyal. Do not confuse the two.

Airlines 198

Airlines Customer Service Customer retention Customer Care 198

ShepHyken

JANUARY 31, 2020

Score says that 91% of your clients will leave your company for an alternative brand if they experience bad customer service. The key to dealing with the Matures is to up your personalization when providing customer support. The Four Generations of Clients. Treat them with patience and special treatment. Conclusion.

Customer Service 223

Customer Service Entertainment Marketing Customer Support 223

TeamSupport

MAY 3, 2023

Ensuring that customers have a superior experience using a product or service is a top priority for most companies. Customers expect to have access to fast and easy customer support when and where they need it. How does support ticket deflection benefit the customer? What is ticket deflection?

Customer Support 98

Customer Support Self service Chatbots Wait times 98

ShepHyken

JANUARY 31, 2020

Score says that 91% of your clients will leave your company for an alternative brand if they experience bad customer service. The key to dealing with the Matures is to up your personalization when providing customer support. The Four Generations of Clients. Treat them with patience and special treatment. Conclusion.

Customer Service 206

Customer Service Entertainment Marketing Customer Support 206

Nicereply

OCTOBER 11, 2024

Customer satisfaction matters because it drives customer retention, fosters brand loyalty, and generates positive word-of-mouth. Customer retention When customers are happy with your products or services, they’re more likely to continue using them. PS: Need help collecting valuable customer feedback?

Customer retention 52

Customer retention Surveys Feedback Education 52

Fonolo

MAY 16, 2019

It’s no surprise: on the surface, the two departments and their goals seem distinct from one another: Marketing is all about customer acquisition (or, attracting new customers), while customer service is all about customer retention. So, how exactly does custom service feed into marketing?

Marketing 124

Marketing Customer Service Advertising Customer retention 124

ShepHyken

JANUARY 7, 2024

Deloitte Shares Loyalty Trends and Best Practices for 2024 by Alicia Esposito (Retail TouchPoints) To drive customer retention and loyalty, most brands and retailers continue to rely on purchase discounts (77%) and loyalty program points (61%), according to Retail TouchPoints research. I’m often asked to define customer centricity.

Customer Service 186

Customer Service Contact Center Customer centricity Banking 186

ShepHyken

NOVEMBER 27, 2023

My Comment: This is a branding article, but consider one of the definitions of a brand, which I’ve latched onto. The AI Customer Service Blueprint by Magical (Magical) The easiest way to think about integrating AI customer support tools and apps into your business is to think of it like building a house. It’s what you do.

Customer Service 189

Customer Service Morale Customer retention Marketing 189

ProProfs Blog

DECEMBER 27, 2018

They are aware that organizations use tools like live chat software , ticketing systems, and online repositories to make the support process seamless. When it comes to instant support, we think of live chat and chatbots. They both have resulted in more sales, revenue, and a boost in customer loyalty. Customer Retention.

Chatbots 140

Chatbots Customer retention Customer Support Scripts 140

ProProfs Blog

JANUARY 30, 2020

What’s more, their customers feel too that they don’t have to pitch in their ideas but gradually get to see their desired shows on the streaming platform. More than 60 percent of failed customer support calls could have been solved with better access to data. Customer Engagement Expectations. Source: IBM ) Tweet this.

B2B 204

B2B Banking Personalization Employee engagement 204

Lumoa

SEPTEMBER 11, 2023

But since customer experience has a more broader outlook than customer service, additional data like repeat sales figures and customer retention rate are also taken into consideration. For example, imagine 15% of your customers leave an unsatisfactory rating after calling your customer support helpline.

Customer Experience 78

Customer Experience Airlines Metrics Feedback 78

Beyond Philosophy

APRIL 14, 2022

However, here are some of the stats that stood out to me most: 73% of business leaders reported a direct link between customer service and business performance. 64% of business leaders say that customer service has a positive impact on the company’s growth . 60% say customer service improves customer retention .

Contact Center 195

Contact Center Upselling Education Engineering 195

ChurnZero

MARCH 22, 2019

We also had You Mon Tsang, CEO and Founder of ChurnZero share tried and true ways to improve customer retention. Q: Do you think the percentage of spending on Customer Success is too small, especially given the thesis of this presentation and the impact it can have? There should really only be one definitive way.

Customer retention 61

Customer retention Upselling SaaS Customer centricity 61

JustCall

MAY 14, 2020

But the operation that is facing the most critical hit is – Customer Retention. Customer acquisition has become more difficult than ever. And businesses have shifted their focus towards Retention. But are you still sticking to the old-fashioned customer retention strategies? Re-engage Dormant Users.

Customer retention 52

Customer retention Journey mapping Education Feedback 52

Pointillist

JANUARY 25, 2019

As Forrester explains in a recent report : Executives need strategic KPIs to prove the business case for good customer service operations, while operational managers need to gather more comprehensive metrics in near real time to make the right decisions about the management of service requests of their workforce.

Call Center 75

Call Center Metrics Abandon rate Average Handle Time 75

Lumoa

SEPTEMBER 11, 2023

But since customer experience has a more broader outlook than customer service, additional data like repeat sales figures and customer retention rate are also taken into consideration. For example, imagine 15% of your customers leave an unsatisfactory rating after calling your customer support helpline.

Customer Experience 78

Customer Experience Airlines Metrics Feedback 78

Nicereply

NOVEMBER 27, 2023

A company’s ability to understand and optimize customer satisfaction directly impacts customer retention, advocacy, and ultimately, profitability. As a customer experience professional, you’re at the forefront of this battle for consumer loyalty and satisfaction. What is a CSAT (Customer Satisfaction Score)?

Metrics 59

Metrics Surveys Analytics Feedback 59

JustCall

MAY 14, 2020

But the operation that is facing the most critical hit is – Customer Retention. Customer acquisition has become more difficult than ever. And businesses have shifted their focus towards Retention. But are you still sticking to the old-fashioned customer retention strategies? Re-engage Dormant Users.

Customer retention 52

Customer retention Journey mapping Education Feedback 52

ProProfs Blog

APRIL 17, 2020

In short, your success relies on the fact that your customers don’t leave you. And if you successfully increase customer retention rates by 5%, then you can boost profits by 25% to 95%. That’s one of the reasons why y ou formulate strategies to retain your customers. 1: Customer Churn Rate. #2: 7: LTV/CAC Ratio. #8:

Metrics 142

Metrics Customer retention SaaS Surveys 142

Fonolo

MAY 10, 2018

This San Francisco-based company innovating in the field of messaging products (highly useful tools for those in sales, marketing, and customer support) hosts an incredibly valuable and engaging blog with content related to sales, product management, and customer support, direct from the minds of innovative industry experts.

Customer Experience 113

Customer Experience Chief Customer Officer B2C Contact Center 113

Lumoa

MARCH 20, 2018

From the traditional product-oriented businesses we’re moving towards customer understanding and customer-centric approaches. Whether you’re new to customer experience or coming for little inspiration, this is the right place. Customer Connectedness: Customer insights are infused across the organization.

Customer Experience 60

Customer Experience Journey mapping B2C B2B 60

ShepHyken

FEBRUARY 26, 2023

My Comment: Let’s kick off this week’s Top Five roundup with an article focused on the customer support center. Customer Retention Strategies for Driving Loyalty in Uncertain Times by Rich Hein (CMSWire) One thing all businesses can bank on in the future is that things will be more uncertain and unpredictable than ever before.

Customer Service 120

Customer Service Call Center Customer retention Banking 120

ProProfs Blog

APRIL 26, 2019

However, the one common factor they share, which has brought them profit and goodwill, is how effective their customer support services are. Importance of Effective Customer Service in eCommerce Business. Either way, the two operations run in a way that get defined by customers’ will. Regular Customers Over New Customers.

Customer Support 68

Customer Support Brand ambassadors Advertising Marketing 68

Global Response

FEBRUARY 19, 2023

“If you have any questions, please contact our customer support team.” Or is that customer success? Or customer service? Is there a difference between customer success vs. customer support? Is there a difference between customer success vs. customer support?

Customer Support 62

Customer Support Metrics outsourcing Accountability 62

ChurnZero

SEPTEMBER 1, 2023

A chief customer officer (CCO) is an operational role responsible for all customer-facing activity post-sale. This often includes leading implementation, customer success and customer support teams. Customer retention became essential to growth. ” The post What is a chief customer officer?

Chief Customer Officer 52

Chief Customer Officer SaaS Self service Sales 52

Fonolo

MARCH 16, 2021

The purpose of FCR is to measure how effective your team is at solving issues for your customers. The difference emerged as customer support became available through other channels: social media, email, live chat etc. First Call Resolution improves customer retention. cctr #fcr Click To Tweet.

First call resolution 125

First call resolution Call Center Metrics Contact Center 125

Totango

JULY 18, 2018

Customers often turn to Customer Service or Customer Support teams for help throughout the customer journey. From onboarding challenges, to user experience difficulties, to product misfires, the Customer Support or Customer Service agent is often the customer’s “first responder.”.

Customer Support 56

Customer Support B2C Customer retention Upselling 56

ProProfs Blog

SEPTEMBER 20, 2019

Having understood the importance and purpose of customer service in the business, let us dig deep to learn why it is the primary stepping stone to your business success. Improves Customer Retention Rate. When you acquire a new customer, it costs you five times more than retaining an existing one. The Technology Angle.

Customer Service 102

Customer Service Airlines Gamification Customer retention 102

JustCall

OCTOBER 6, 2022

Customers expect quality, speed, and efficiency when they contact their customer support team or contact center. When it comes to the customer experience (CX), you can’t afford not to be optimizing at all — with 80% of consumers stating that CX determines whether or not they will do business with a brand again.

Call Center 52

Call Center Chatbots Metrics Call center experience 52

Return Customer

JULY 24, 2019

Did you know that research by Bain & Company found out that increasing customer retention rate by just 5% can increase profits by 25-95% ? If there’s one thing that always bears on the mind of businesses, it is this: What drives a customer to come back for more? Real-Time Customer Support.

Sales 90

Sales Customer retention First call resolution Advertising 90

LiveChat

NOVEMBER 7, 2016

We rarely stop to think how website visitors or existing customers view or approach our customer service. The perception of customer service changes depending on who you ask. Let’s see how you can get good customer service out of all these definitions that would align well with both your company’s and your customers’ interests.

Customer Service 68

Customer Service Customer retention Feedback Sales 68

delighted

MARCH 4, 2020

Consumers experience your brand in many different ways, whether by using your product and interacting with customer support, or through word-of-mouth on channels outside of your control. And with each new interaction, their perception of your brand can change, potentially leading to a new customer or a lost one.

Customer Experience 52

Customer Experience Management Journey mapping Surveys 52

IdeasUnlimited

OCTOBER 5, 2021

However, small business owners simply can’t afford to balance both operating a business and providing a great customer experience. The BPO industry has made great strides in seamlessly integrating with other companies as their primary customer support.

Call Center 98

Call Center outsourcing Coaching Scripts 98

TeamSupport

MAY 17, 2019

If you’ve ever worked in or been a part of the customer support industry, you’ve likely seen or directly experienced “contents” or “games” like the scenarios listed above. Below are 3 reasons why gamification is a bad strategy for B2B customer support.

Gamification 49

Gamification B2B Customer Support B2C 49

Voiptime

OCTOBER 5, 2022

Have you ever contacted any customer support department? Contrastively, it is almost clear that you haven’t asked yourself: “how routing is functioning in the customer service units?”, If yes, then we can bet that you have experience in interacting with IVR or ACD technology.

Interactive Voice Response 75

Interactive Voice Response call center solutions Wait times Self service 75

JustCall

JANUARY 5, 2021

First response time refers to the time that agents take in responding to a customer support request. Serving customers right from the get-go, pays off. Responsive agents leave a positive impression on customers and improve call center operations. Customers expect and personalized responses to their queries.

Call Center 52

Call Center Metrics Abandon rate Average Handle Time 52

ProProfs Blog

APRIL 15, 2019

Companies get so caught up with trying to acquire new customers that they tend to forget all about the existing customers. An old belief that exists among customer support circles is that it’s easier to retain existing customers than to acquire new ones. Customer Lifetime Value.

Surveys 106

Surveys Sales Best practices Customer retention 106