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How to Measure Customer Retention

ShepHyken

It’s about customer retention—which can lead to customer loyalty. Loyal customers are important to all businesses regardless of industry or size—large, small, B2B or B2C. It’s easy to measure customer satisfaction at different levels. That’s your customer retention number. Let’s get started.

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How to Increase Customer Retention: 15 Proven Strategies That Work

Interaction Metrics

What Is Customer Retention and Why Does It Matter? Customer retention might sound like fancy business jargon, but really, it’s just the art of keeping your customers happy enough that they stick around. Thats customer retention at workusing incentives and positive experiences to keep you coming back.

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5 Facts to End the ROI Debate on Customer Experience

Beyond Philosophy

In addition, higher levels of customer satisfaction are tied to high levels of positive cash flows with low volatility, and positive earnings surprises. Keeping Customers results in a high increase in value. Focusing on customer retention with a better Customer Experience will benefit your bottom-line expenses.

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Why Blanket Discounts Are Not the Answer to the Customer Retention Conundrum

CSM Magazine

This understanding has pushed customer retention to the forefront in many businesses today. Yet, while companies have embraced new marketing strategies, retention strategies often lag, with many relying on outdated methods. Blanket discounts have long been the go-to method for publishing companies to drive customer retention.

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Are You Deliberate with Your Customer Strategy or Just Taking a Chance?

Beyond Philosophy

Creating a Deliberate Customer Experience in Your Strategy. Everyone should have a Customer Experience strategy. What we know is over half of the experience outcome is emotionally based no matter what industry you do business. You are evoking emotions in your Customers right now.

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How to Solve the 2025 Customer Retention Problem

The Petrova Experience

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.

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6 Steps to a Great Apology

Beyond Philosophy

Honesty is the best policy, and the only policy that gives you a chance for Customer retention. For more Customer Experience concepts, register for our Advanced Customer Experience Management (CEM) Certification Course beginning on April 20th. What do you do when you make a mistake?