TechSee

APRIL 3, 2018

It is well known that the acquisition costs of converting new customers far outweigh the cost of maintaining current customers, further motivating companies to find and implement innovative customer retention strategies. Technology – key to successful customer retention strategies.

Customer retention 141

Customer retention Technology Analytics Technical Support 141

Outsource Consultants

FEBRUARY 25, 2025

In this post, we’ll explore how to harness the power of call centers to increase your ecommerce sales and stay ahead in the competitive digital marketplace. They enhance customer experiences, streamline operations, and boost sales. Providing Technical Support In the digital realm, technical issues can block sales.

Call Center 67

Call Center Sales outsourcing Technical Support 67

ShepHyken

FEBRUARY 3, 2025

Loyal customers who have had positive experiences are more likely to make repeat purchases, spend more over time, and recommend a brand to others. Plus, Vance shares examples of fundamental business transformation through amazing customer experience. Quotes: “Customer service begins before the sale.

Marketing 198

Marketing Customer Experience Sales Customer Service 198

ShepHyken

DECEMBER 5, 2016

My Comment: This excellent article makes the argument that managing the customer’s experience may not always be about exceeding their expectations. The author shares some interesting ideas and uses some excellent examples to make his point. That said, given the opportunity to exceed the customer’s expectations, do it.

Customer Service 313

Customer Service Customer retention Personalization Customer Experience 313

ProProfs Blog

FEBRUARY 22, 2019

A Forrester report highlights increasing customer retention by 5% can increase profits by up to 95%. Loyal customers spend about 30% more with brands than new customers. An investment to increase retention by 5% is surely a worthy business investment. Simple formula: Customer Retention = Engagement + Investment.

Customer retention 123

Customer retention Airlines B2B CRM 123

Help Scout

MAY 12, 2021

In this article, we discuss the role of support teams in retaining customers and show how to combine high-quality, empathetic customer service with a deliberate focus on business growth. What is customer retention and how is it measured? 15 practical ways customer service teams can improve retention.

Customer retention 117

Customer retention Finance Customer effort Analytics 117

TeleDirect

DECEMBER 25, 2024

Improved Customer Satisfaction When customers receive timely and effective assistance, their satisfaction increases. Example: Imagine a customer facing a technical issue with your product late at night. Global Reach For businesses with international customers, operating across different time zones can be challenging.

Call Center 127

Call Center Customer Experience Technical Support Healthcare 127

Nicereply

JUNE 18, 2020

Customer retention is the act of keeping customers engaged, creating customer advocates, and reducing churn before it happens. Imagine you never acquired another customer. Your sales team went home, and all you had left was your current group of customers. What is customer retention?

Customer retention 125

Customer retention Feedback Surveys Metrics 125

TeleDirect

JANUARY 7, 2025

Customer Expectations for Always-On Availability In todays digital age, customers expect instant responses. A delayed response can lead to frustration, lost sales, and even a tarnished brand reputation. Boosting Customer Retention Consistent, reliable customer service builds trust and loyalty.

Call Center 125

Call Center Abandon rate Average Handle Time Healthcare 125

Totango

AUGUST 16, 2022

Customer Retention Software Cuts Down Client Churn. Customer retention software has become essential for effective SaaS customer success strategies. A winning SaaS business model must prioritize retaining customers, which is far more cost-efficient than acquiring new clients to offset churn.

Customer retention 106

Customer retention Upselling CRM SaaS 106

ChurnZero

JULY 22, 2021

By creating healthy boundaries, Customer Success and Sales don’t have to spend their days assessing and arguing over every expansion situation. Your rules of engagement should be based on which team is genuinely the best fit in each scenario and has the greatest likelihood of gaining sales traction.

Sales 98

Sales Upselling Enterprise SaaS 98

Beyond Philosophy

OCTOBER 28, 2014

Let me give you an example. Let’s say your IT system requires getting your email address for every customer to access the details of the account. When you ask the customer for this, they might think, “Why do they need this information? Another example might be an automated call response system that greets incoming calls.

Customer Experience 300

Customer Experience Customer centricity Scripts Customer emotions 300

Totango

JANUARY 26, 2021

Read on to learn what churn is, how an attrition analysis can help you pinpoint why you’re losing customers, and what steps you can take to prevent customer churn. What Is Churn Rate and How Does It Relate to Customer Retention? To do a churn analysis, first segment customers who have churned. Poor Customer Fit.

Customer retention 94

Customer retention Sales Marketing Big data 94

Beyond Philosophy

MARCH 31, 2015

Branches allow for direct contact with individuals and businesses important for the sales of financial services. And, beyond design and comfort, relationship-building and being trusted advisors to their customers is mostly about culture. The post At A Fork In the Road: As a Customer Relationship Driver, Where Is Branch Banking Headed?

Banking 310

Banking Airlines Self service Finance 310

ShepHyken

OCTOBER 8, 2018

Each week I read a number of customer service and customer experience articles from various resources. 10 Examples Of Amazing Customer Service Departments For Customer Service Week by Blake Morgan. My Comment: Here’s a great line: “Every customer interaction impacts customer retention.”

Customer Service 224

Customer Service Customer retention Call Center Metrics 224

Beyond Philosophy

OCTOBER 2, 2017

This is a classic example of companies blaming other people for their own failure to focus on what customers want. This happens when executives and managers blame poor customer retention on marketing or an ill-trained sales staff. And it happens in everyday customer interactions.

Customer centricity 332

Customer centricity Consulting Consulting Customer emotions 332

Nicereply

NOVEMBER 21, 2022

Discover great customer retention tools and empower customer satisfaction. Losing customers is something that every business fears. Considering that the SaaS industry is a competitive one, customer retention is crucial. What is Customer Retention? Why is Customer Retention Critical for SaaS?

Customer retention 98

Customer retention SaaS Upselling Analytics 98

Beyond Philosophy

FEBRUARY 24, 2015

Restaurants are adept at getting their customers to relax and enjoy their dinners. Here are a few examples: They set the mood right at the start. So what does this mean to my Customer Experience? In both of these examples of restaurants and casinos, there is great care and planning that goes into the experience for the guests.

Customer centricity 305

Customer centricity Customer retention Consulting Consulting 305

ShepHyken

JUNE 13, 2016

Perhaps one of the most important trends is the first one, that emphasizes how self-service customer service is a viable channel. 24 Experts Reveal Their Top Customer Retention Strategies For B2C Brands by Clutch. And as we all know, replacing an existing customer costs 7 times more than retaining them.

Customer Service 208

Customer Service Upselling Customer retention B2C 208

ShepHyken

MARCH 13, 2017

This article is focused on social media customer service – responding to customers’ posts on social media channels like Twitter and Facebook. The example in this article will make you laugh. A great example of how you can have fun with your customers and “humanize” your customer service.

Customer Service 230

Customer Service Best practices Customer retention Customer Support 230

ProProfs Blog

DECEMBER 24, 2019

What makes live chat scripts so important for sales and customer service? To realize all the benefits of live chat scripts, you need to understand the importance of chat etiquette for your customers’ experience and satisfaction. Useful Customer Service Scripts Templates And Examples. General Greeting.

Scripts 133

Scripts Sales Customer Service Accountability 133

TeleDirect

JANUARY 4, 2025

Research shows that 85% of customers will not call back after their first attempt. Example: A missed call from a potential customer looking to purchase a product or service could mean losing hundreds or even thousands of dollars in sales. Damaged Reputation Customers expect businesses to be accessible.

Healthcare 62

Healthcare Call Center call center solutions Sales 62

ShepHyken

AUGUST 14, 2020

Put simply; customer experience can be defined as thoughts and feelings that the consumer associates with the brand. It’s not just about interaction with sales or customer service. Getting customers involved after posting relatable product content on social networking sites can be a good idea. Post-sale monitoring.

Customer Experience 254

Customer Experience Entertainment Sales Advertising 254

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

Integrity Solutions

APRIL 19, 2024

Mastering the human side of selling is key to sales success, but what does phrase that mean exactly? At its essence, humanizing the sales experience is really about personalization. The desire for a personalization in the sales experience has only grown in recent years. The same holds true across the sales-service continuum.

Personalization 103

Personalization Sales Scripts Contact Center 103

ShepHyken

JULY 26, 2019

Let’s Get Acquainted With the Term Customer Experience. Mainly referring to a customer’s perception of their overall interactions, customer experience has been considered as a critical driver of customer retention and acquisition. What is a Customer Experience Strategy? I am pretty sure you must have.

Customer Experience 297

Customer Experience Feedback Customer centricity Customer retention 297

aircall

OCTOBER 6, 2021

One of the best strategies for increasing engagement and retention is to refine your sales onboarding process. In this article, we’ll look at effective sales onboarding and how it can fundamentally improve the new hire experience for your sales professionals. Defining Effective Sales Onboarding.

Sales 117

Sales Scripts Best practices Feedback 117

Totango

MAY 7, 2024

Both CS and Sales leaders agree: Retention is the #1 priority. Achieving higher retention requires close alignment between CS and Sales teams, yet 87% of CS and Sales leaders told us there’s significant room for improvement in their collaboration. But there’s a problem. Use your words Talk to each other!

Sales 103

Sales Upselling Metrics Accountability 103

BlueOcean

OCTOBER 21, 2024

The far-reaching impact of a damaged reputation, the lost lifetime customer spend, and the expense of winning back that customer and/or acquiring new ones add up to a significant loss – in terms of both revenue and reputation. Of course, the effects of a customer loss can extend far beyond those that are simple to quantify.

Customer retention 62

Customer retention Advertising Sales Enterprise 62

ShepHyken

JULY 13, 2018

However, given the overall increased focus on customer satisfaction over the last decade or so, it makes business sense to overhaul or rethink your B2B customer experience as well. Remember, your business client is also a customer. Relationship Building in B2B for Customer Retention.

B2C 38

B2C Customer Experience B2B Journey mapping 38

ProProfs Blog

JUNE 11, 2020

You don’t need to go bankrupt to give your customers an excellent experience. Companies that have the strongest omnichannel customer engagement strategies have an average customer retention rate of 89% , compared to just 33% for companies with weak omnichannel strategies. All you need is an Omni-channel experience.

Entertainment 114

Entertainment Customer Experience Accountability Customer retention 114

Beyond Philosophy

SEPTEMBER 15, 2015

So the question is, what can we learn about what works for Customer Experience by looking at trends in NPS? For example, Rocks has discovered that brands that have made providing a simpler Customer Experience their priority have performed “especially well” with regards to NPS. Quite a lot, it turns out.

Banking 383

Banking Telecommunications Consulting Consulting 383

TechSee

JUNE 23, 2020

For example, the customer’s voice print can be used to identify and authenticate the speaker, enabling companies to minimize the risk of fraud. Emotion analytics , meanwhile, can be used to prioritize a call based on the customer’s mood and route them to the appropriate agent.

Self service 207

Self service Chatbots Enterprise Customer centricity 207

TeleDirect

JANUARY 9, 2025

Cultural Familiarity: Agents understand regional idioms, preferences, and customs, creating a more personalized experience. Improved Rapport: Customers feel more comfortable and valued when interacting with agents who understand their perspective. Provide 24/7 support during global sales events.

Call Center 77

Call Center Healthcare Multichannel First call resolution 77

Callminer

FEBRUARY 4, 2021

More effectively identifying and managing customer vulnerability isn’t just a benefit for consumers, companies that can successfully support vulnerable customers deliver better customer service and improve customer retention and loyalty. You can also inform them of their increased vulnerability. Michael Stahl.

Call Center 345

Call Center Contact Center Finance Consulting 345

Beyond Philosophy

JUNE 1, 2015

Are, beyond customers who would be loyal anyway, are they driving more purchase activity and narrowed consideration sets? These programs produce positive sales increases for hotels, for example, but negative sales impact on car rental, airlines and food retail. Solve Customer and Industry Pain Points.

Airlines 210

Airlines Entertainment Consulting Consulting 210