The Petrova Experience

JANUARY 14, 2025

Its 2025, and businesses across sectors have a customer retention problem. companies alone lose an estimated $168 billion annually due to customer attrition, as revealed in a CallMiner whitepaper. The financial implication of customer churn is staggering, with little end in sight, if unaddressed.

Customer retention 40

Customer retention Feedback B2C Metrics 40

delighted

MARCH 23, 2021

By emphasizing customer retention as a key performance indicator (KPI) for your business, you can ensure your priorities are in the right place. What’s your customer retention rate? Before you can focus on improving customer retention, you must benchmark how you’re currently doing in this department.

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Customer retention Feedback Surveys Benchmark 116

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. That’s where customer retention comes in.

Customer retention 125

Customer retention Feedback Surveys Metrics 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

ProProfs Blog

OCTOBER 30, 2021

This is where the importance of customer feedback plays its part. Collecting customer feedback guarantees you never stray too far from the customer’s needs. Even though it has both negative and positive sides, you’ll need both for consumer feedback to work for you. What is Customer Feedback?

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Feedback Surveys Customer centricity Metrics 143

ShepHyken

SEPTEMBER 7, 2020

Each week I read a number of customer service and customer experience articles from various resources. Winning means losing in the game of customer retention by Linda O’Grady. CMO) All too often retention is a blanket goal. ‘We My Comment: Feedback is crucial to the growth of your team members.

Construction 232

Construction Customer Service Feedback Customer retention 232

ShepHyken

JUNE 30, 2024

CX Makeover: 11 Ways to Improve Customer Experience by Ken McMahon (Nextiva) Employees interact with customers every day and are a valuable source of CX knowledge. Regularly collect feedback from staff through surveys, meetings, or suggestion boxes to identify customer pain points and opportunities for improvement.

Customer Service 206

Customer Service Customer retention Morale Customer Experience 206

TeleDirect

DECEMBER 25, 2024

These centers handle a variety of interactions, including: Customer inquiries Technical support Complaint resolution Appointment scheduling Order processing Whether it’s answering questions at midnight or resolving an issue on a public holiday, 24/7 call centers provide uninterrupted service to meet customer needs.

Call Center 127

Call Center Customer Experience Technical Support Healthcare 127

Nicereply

OCTOBER 22, 2024

What is a feedback survey? Is it simply a strategy used to gauge customer satisfaction, or is it a means of actively involving and engaging your customers? A feedback survey is a great way to get valuable information about your customers’ preferences while keeping them engaged with your brand.

Surveys 52

Surveys Feedback Customer retention Construction 52

ShepHyken

MARCH 27, 2018

Activate – Energize the interaction with the customer to let the customer know that doing business with you is unlike any business experience they’ve had before, whether an amazing unboxing experience or a kickoff meeting. Acclimate – Hold the customer’s hand and get them used to doing business with your company.

Customer retention 216

Customer retention Accountability Feedback Sales 216

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? Your product isn’t capable of meeting their goals. The time to value is too long.

Customer retention 94

Customer retention Sales Marketing Big data 94

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. Meet Our Panel of Call Center Experts & Business Leaders: Kevin Lee.

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Call Center Contact Center Finance Consulting 345

REVE Chat Blog

JANUARY 22, 2020

You can not persuade anyone to buy what you’re offering unless you understand what your customer needs. . Understanding what customer wants should be the focal point of every business and meeting their needs will build a solid customer base. Knowing how to capture customer inputs and feedback.

Construction 108

Construction Feedback Customer centricity Surveys 108

TeleDirect

MARCH 20, 2025

18 Call Center Tips for Delivering Exceptional Customer Service Delivering exceptional customer service is crucial for maintaining a strong brand reputation and ensuring customer loyalty. To help businesses achieve this, we have compiled 18 proven tips that enhance customer interactions and optimize call center performance.

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Call Center Abandon rate Customer Service First call resolution 62

TeleDirect

FEBRUARY 3, 2025

By showing empathy and patience, agents can create positive experiences that improve customer retention and satisfaction. Master Multichannel Support (Phone, Email, Chat, Social Media) The best call outsourcing companies provide omnichannel support to meet customers where they are.

Call Center 62

Call Center Customer Service First call resolution outsourcing 62

TeleDirect

MARCH 20, 2025

With customers increasingly expecting fast, efficient, and personalized support, call centers must adopt best practices and innovative strategies to meet these demands. Utilize Customer Feedback to Drive Improvements Customer feedback is a valuable tool for identifying areas where service can be improved.

Call Center 62

Call Center Multi-channel support Customer Service First call resolution 62

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. Incorporate customer feedback.

Customer retention 90

Customer retention Journey mapping SaaS Benchmark 90

Cincom

JANUARY 30, 2025

CX software, or customer experience software, helps businesses to execute personalized interactions with customers. These data allow businesses to tailor their communication strategy in the right direction to ensure that they are exceeding customer expectations. The reason?

Customer retention 40

Customer retention Customer Experience Analytics Feedback 40

Nicereply

OCTOBER 11, 2024

Your customers know exactly what they want from your business. If you don’t meet — and ideally exceed — their expectations, they may lose trust in your brand and look to your competitors for support instead. Satisfied customers are loyal. What is customer satisfaction? The good news?

Customer retention 52

Customer retention Surveys Feedback Education 52

TeleDirect

MARCH 15, 2025

Qualifying prospects for sales teams to convert into customers. Customer Retention & Follow-Ups Checking in with past customers to enhance loyalty and retention. Market Research & Customer Surveys Gathering customer feedback through phone surveys and opinion polls.

Call Center 62

Call Center Telemarketing Technical Support Healthcare 62

360Connext

JANUARY 5, 2022

Your company has surpassed its annual goals for customer retention, referrals, and satisfaction. C-level leadership is thrilled, and the customer experience program you helped develop was instrumental to this success. You began measuring feedback using quantitative data as well as gathering open-ended feedback.

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Journey mapping Customer Experience Education Feedback 188

Global Response

JULY 28, 2023

Many companies focus primarily on customer acquisition, sometimes at the cost of customer retention. After all, the more customers, the better, right? For example, recent data shows that 92% of customers will switch companies after just three—or fewer—bad experiences.

Customer retention 62

Customer retention Contact Center outsourcing Customer centricity 62

Nicereply

OCTOBER 16, 2024

Encourage customers to share photos, videos, or stories of them using your products and feature this content on your website and social media channels. Regularly gather feedback through surveys, reviews, or direct interactions. By meeting or even exceeding this expectation, you can enhance customer satisfaction.

Education 52

Education Entertainment Feedback Chatbots 52

CSM Magazine

NOVEMBER 5, 2024

The customer experience management market is on track to grow at a 15.4% compound annual growth rate (CAGR) through 2030, underscoring the rising importance of tools that centralize and improve customer interactions. A consultant can handle setup and ensure it meets the organization’s unique requirements.

Customer Service 52

Customer Service Management Metrics Consulting 52

ShepHyken

FEBRUARY 21, 2023

While many of those concepts are still valid today, it’s time to modify the list and give a few of the original reasons a facelift to bring them into current times. First, a reminder that an amazing customer experience isn’t about being over the top. It’s simply consistently meeting or (ever so slightly) exceeding expectations.

Customer Experience 174

Customer Experience Surveys Customer retention Customer Service 174

CSM Magazine

NOVEMBER 22, 2024

CIM software analyzes customer data to understand preferences and behaviors, creating tailored experiences like marketing campaigns or special offers that enhance customer retention rates by fostering a stronger connection between customers and businesses.

Management 52

Management Analytics Feedback CRM 52

ShepHyken

MARCH 21, 2022

Our customer service research supports the theme. 59% percent of the more than 1,000 consumers we surveyed feel that customer service is worse now than before the pandemic. 5 Tips to Increase Your Customer Satisfaction in 2022 and Beyond by Wise Marketer Staff. Customer Experience in the Age of AI by David C.

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Customer Service Customer retention Self service Engineering 174

CSM Magazine

JANUARY 20, 2025

Understanding how SEO metrics tie to customer satisfaction is no longer optionalit’s essential. Metrics like bounce rate, time on site, and keyword rankings don’t just track website performance; they reveal how well you’re meeting customer needs. These detailed queries let you meet users exactly where they are.

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Metrics Feedback Analytics Scripts 64

OctopusTech

JUNE 29, 2023

Most organizations generally use these different tactics such as outbound call center services for customer retention in the long run and to enhance the entire sales process. Performing market research and customer surveys It plays an essential role in performing market research and customer surveys. Almost 55.3%

Customer retention 62

Customer retention Call Center Upselling outsourcing 62

Lumoa

FEBRUARY 9, 2023

Long-term actions are based on the analytics results of customer feedback. Later, communicate the changes and improvements you’ve done based on customer feedback back to your customers. In both cases, follow-up is a necessity, not a choice, if you want to build strong relationships with your customers.

Customer Experience 167

Customer Experience B2C Journey mapping B2B 167

OctopusTech

JULY 17, 2023

Customer retention email plays a major role for the growth of any company. But what about your existing customers who keep purchasing your products? This is where customer retention email comes in as with this a company can use different email strategies to make them buy the goods again from a brand.

Customer retention 62

Customer retention Surveys Feedback Marketing 62

Outsource Consultants

MARCH 18, 2025

This article dives into key market trends (including cost benefits and regional considerations), real-world success stories of outsourcing, the impact of AI-driven disruptions in call centers, and how to balance automation with human agents for superior customer interactions. What Makes a Call Center Service Effective?

Call Center 67

Call Center outsourcing First call resolution Average Handle Time 67

customer sure

JANUARY 20, 2025

Personalisation at Scale: Meeting Customers Where They Are Gone are the days of one-size-fits-all customer interactions. Advanced data analytics and AI, or even just thoughtful use of CRM data, make it possible to deliver hyper-personalised experiences at the touchpoints which are most important to customers.

Customer centricity 62

Customer centricity Customer retention Feedback Best practices 62

Totango

FEBRUARY 12, 2025

Why customer health is vital for enterprise growth Enterprise B2B organizations often face a daunting challenge how to maintain strong relationships when managing thousands of customers across multiple verticals, regions, and use cases. A robust customer health model offers a solution.

Enterprise 62

Enterprise Metrics Accountability Construction 62

CSM Magazine

OCTOBER 21, 2024

Whether you’re running a software development company or a retail business, you need to take the time to listen and engage with your customers. Conduct surveys, gather feedback, and stay attuned to industry trends to get a better idea of what your customers expect from your products or services.

Customer Experience 52

Customer Experience Customer centricity Feedback Surveys 52

TeleDirect

DECEMBER 24, 2024

Customers expect quick responses, personalized interactions, and seamless experiences across multiple channels. However, building and maintaining an in-house customer support team that meets these expectations can be challenging and costly. This is where outsourcing customer support becomes a game-changer.

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outsourcing Customer Support Technical Support Healthcare 62

Lumoa

AUGUST 8, 2023

By understanding the key insights hidden within your survey data, you can address specific customer concerns, tailor your products and services to meet their needs and stay ahead of the competition. Unlocking the power of VoC feedback is vital to the success of any business.

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Surveys Feedback Banking Best practices 78