Zendesk

NOVEMBER 1, 2021

Typically, different metrics are used to gauge the quality of customer experience and customer success. CX is evaluated using customer satisfaction score (CSAT), Net Promoter Score® (NPS), customer acquisition rate, and conversion rate. How customer success and CX impact the customer journey.

Customer Experience 98

Customer Experience Net Promoter Score Touchpoint CRM 98

Zendesk

JANUARY 12, 2021

Whether you’re running a small business or a global corporation, providing good customer service can mean the difference between success and failure. And customer expectations are only continuing to rise. Meet your customers on the channels of their choice. Customers expect an effortless experience.

Customer Service 98

Customer Service AI Artificial Intelligence Customer Satisfaction 98

ClearAction

APRIL 13, 2023

The gap between what’s promised and what’s received, as seen by customers, is your brand integrity gap. CMOs set expectations for customer acquisition and CCOs assure expectations are delivered for customer retention. Minding the gap is the ultimate purpose of a CCO.

Customer Acquisition 62

Customer Acquisition Customer Retention CX Customer Loyalty 62

Lightico

MARCH 18, 2022

Your product offerings still matter, but in an environment where customers can compare companies and read reviews with a quick internet search, a superior customer experience sets you apart from the competition. Customer loyalty matters. But in today’s digital environment, customers want control.

Customer Experience 59

Customer Experience Customer Acquisition Social Media Artificial Intelligence 59

Shep Hyken

MAY 30, 2022

(CustomerThink) Considering the cost of attracting new customers ­– one estimate is seven times more than keeping existing ones – many companies would do better to focus on retaining their engaged enrollees. Yet 44% of companies say they’re more keenly focused on customer acquisition and just 16% on retention.

Customer Service 12

Customer Service Customer Retention Manufacturing Business Growth 12

Shep Hyken

DECEMBER 10, 2021

Customer acquisition costs approximately five times more than customer retention, so what steps can companies take to keep the subscribers they already have happily engaged? . Investing in omnichannel and personalized subscriber care can lay the foundation for the seamless experiences your customers expect. .

Entertainment 77

Entertainment Customer Acquisition Omnichannel Gaming 77

Intercom

FEBRUARY 3, 2022

You think about how much time, money, and effort is dedicated in most organizations to net new customer acquisition, and it is dramatically more than the time, money, and effort dedicated to customer retention, customer satisfaction, and customer engagement. How can you be faster than customers expect?

Real Estate 107

Real Estate CX Social Media Start-ups 107

SugarCRM

APRIL 28, 2022

Customer acquisition is costly. It makes sense to keep your existing customers happy as the cost of churn is so high. New research from SugarCRM reveals that almost two-thirds (63%) of sales and marketing leaders agree that keeping existing customers is more cost-effective than closing a new deal.

Artificial Intelligence 49

Artificial Intelligence Finance CX Customer Acquisition 49

VOZIQ

MAY 8, 2023

The blog talks about common missteps, such as relying on old strategies and not focusing much on investing in identifying new customer segments. 3 Database Strategies to Drive Better Customer Acquisition and Retention This blog from Forbes reiterates the value of a good database.

E-commerce 40

E-commerce Customer Acquisition ML Machine Learning 40

VOZIQ

MAY 8, 2023

The blog talks about common missteps, such as relying on old strategies and not focusing much on investing in identifying new customer segments. 3 Database Strategies to Drive Better Customer Acquisition and Retention This blog from Forbes reiterates the value of a good database.

E-commerce 40

E-commerce Customer Acquisition ML Machine Learning 40

SurveySensum

DECEMBER 4, 2024

This CX metric has the ability to gauge customer loyalty and predict business growth. Using NPS in finance industry can get to the heart of why customers would or wouldn’t recommend them to others. Check out the following points to get a better idea of why customer loyalty is essential for banks and other financial services.

NPS 52

NPS Net Promoter Score Close the Loop Customer Loyalty 52

SurveySensum

OCTOBER 1, 2024

But before that, let us demystify what the phrase ‘customer satisfaction’ means. What Are Customer Satisfaction Metrics? Customer satisfaction metrics provide quantifiable insights into how well your product or service meets customer expectations at different stages of the customer journey.

Customer Satisfaction 52

Customer Satisfaction Net Promoter Score NPS Close the Loop 52

Helpt

FEBRUARY 27, 2023

According to a survey by American Express , 7 out of 10 US consumers say they are willing to spend more with companies that provide excellent customer service. By investing in dedicated tech support, businesses can deliver exceptional customer service and generate more revenue.

Manufacturing 52

Manufacturing Customer Loyalty Customer Satisfaction Customer Acquisition 52

Hodusoft

JULY 24, 2024

The next two sectors with the second-worst customer attrition rate (40 percent) are consumer-packaged goods and logistics. In a time of growing competition and dwindling customer loyalty, businesses need to focus on customer retention more than ever before. It is used to assess customer loyalty and retention.

Customer Retention 52

Customer Retention Omnichannel Customer Loyalty CX 52

SurveySensum

SEPTEMBER 11, 2024

This creates even more pressure on organizations to retain customers in an era where their preferences and expectations are changing quickly every day and as customer expectations change, so should CX strategies to accommodate these changes. Keep Up With The Current Trends Of CX With SurveySensum!

Predictive Analytics 52

Predictive Analytics AI Customer Experience Text Analytics 52

Zendesk

FEBRUARY 29, 2024

Understanding this metric can help you in key areas like: Customer retention : Revenue churn can help identify what your customers appreciate—and what they don’t. This can lead to a better CX and improved customer loyalty. If it stays consistent—or even reduces—that tells you your customers value your new approach.

Customer Retention 52

Customer Retention Customer Acquisition Artificial Intelligence CX 52

SurveySensum

OCTOBER 26, 2023

And this is what this comprehensive blog uncovers including the various aspects of customer satisfaction, how to measure customer satisfaction, and the strategies that can help you exceed customer expectations. Why should you Measure Customer Satisfaction? It gives you a competitive advantage.

Customer Satisfaction 52

Customer Satisfaction Net Promoter Score Social Media Customer Loyalty 52

SurveySensum

JULY 6, 2023

You’ve poured your heart and soul into creating captivating marketing campaigns, investing substantial resources in driving customer acquisition. Yet, despite these efforts, you notice a decrease in sales and declining customer loyalty. Even as a retail giant , Reliance Trends struggles with customer retention.

Customer Satisfaction 52

Customer Satisfaction Retail Social Media Net Promoter Score 52

SurveySensum

JULY 6, 2023

You’ve poured your heart and soul into creating captivating marketing campaigns, investing substantial resources in driving customer acquisition. Yet, despite these efforts, you notice a decrease in sales and declining customer loyalty. Even as a retail giant, Reliance Trends struggles with customer retention.

Customer Satisfaction 52

Customer Satisfaction Retail Social Media Net Promoter Score 52

SurveySensum

MAY 26, 2023

Best Practices to conduct tNPS and rNPS surveys Employee NPS (eNPS) Conclusion Net Promoter Score (NPS) is one of the popular CX metrics in the business offering valuable insights to the businesses to measure customer loyalty and gauging the overall satisfaction levels. Let’s find it out.

Net Promoter Score 52

Net Promoter Score NPS Touchpoint Customer Loyalty 52

SurveySensum

SEPTEMBER 8, 2023

These benchmarks can vary across industries due to differences in customer expectations and competitive dynamics. NPS cuts cost of customer acquisition: According to the research done by Frederick Reichheld of Bain & Company (the inventor of NPS) increasing customer retention rates by 5% increases profits by 25% to 95%.

NPS 52

NPS Social Media Customer Satisfaction Customer Loyalty 52

SurveySensum

NOVEMBER 23, 2023

As the digital experience norm evolves, business owners must discern current customer expectations and anticipate future changes. Now, let’s explore the eleven key drivers propelling the digitization of customer experience. These are just some customer expectations you should form your CX strategy around.

Customer Experience 52

Customer Experience E-commerce CX AI 52

SurveySensum

SEPTEMBER 21, 2023

Company A, decided to run a substantial marketing campaign, investing hundreds of dollars in hopes of acquiring new customers. Unfortunately, the campaign only yielded two customers, generating a total of $50 in business. In contrast, Company B chose to focus on retaining its existing customer base by introducing loyalty programs.

Customer Retention 52

Customer Retention Non-Profits Social Media Gaming 52

SurveySensum

AUGUST 30, 2024

So providing customers with a clear set of communications, personalized advice, and easy-to-set-up solutions will simplify complexities, and reduce customer frustration and effort. Customer Retention : The financial industry often reports high customer acquisition costs.

Customer Experience Management 52

Customer Experience Management Customer Experience Omnichannel Text Analytics 52

SurveySensum

MAY 11, 2023

And it’s not just a temporary trend – even two years later, customers are still embracing the convenience of online shopping. Customer expectations have changed drastically, and businesses need to keep up if they want to stay competitive. But just offering your products or services online isn’t enough anymore.

NPS 52

NPS Retail Net Promoter Score Customer Satisfaction 52

SurveySensum

DECEMBER 18, 2024

Net Promoter Score Defined Net Promoter Score (NPS) is a widely used CX metric that measures customer loyalty and satisfaction by gauging how likely customers are to recommend a company, product, or service to their friends and family. Asian customers expect extremely impressive products/services to give a high NPS score.

Net Promoter Score 52

Net Promoter Score NPS Actionable Insights Non-Profits 52

Hodusoft

SEPTEMBER 4, 2024

The high customer turnover rate is one of the major challenges for the e-commerce industry. Personalized Customer Experience In the retail and e-commerce sector, a majority of customers expect a personalized customer experience. This not only improves the customer experience but also encourages repeat business.

E-commerce 52

E-commerce Sales Omnichannel Contact Center 52

Helpt

AUGUST 25, 2023

Customer Retention: Poor customer experiences due to tech issues can lead to lost sales and declining customer loyalty, creating a long-term revenue drain. Quick Resolution Times: With no time-zone differences, on-shore agents can provide real-time support during customers' usual business hours.

Gambling 52

Gambling Customer Satisfaction Start-ups Customer Retention 52

SurveySensum

JULY 13, 2023

In today’s competitive retail landscape, customer experience has emerged as an important factor that can either make or break a business. Delivering exceptional customer experiences not only fosters customer loyalty but also generates positive word-of-mouth and drives sustainable growth for your business.

Retail 52

Retail Customer Experience Touchpoint Social Media 52

SurveySensum

JULY 13, 2023

In today’s competitive retail landscape, customer experience has emerged as an important factor that can either make or break a business. Delivering exceptional customer experiences not only fosters customer loyalty but also generates positive word-of-mouth and drives sustainable growth for your business.

Retail 52

Retail Customer Experience Touchpoint Social Media 52

SurveySensum

SEPTEMBER 5, 2023

A positive SaaS experience facilitated by cutting-edge SaaS feedback software leads to satisfied, loyal customers who not only stay but also become your advocates. These satisfied users aka promoters enthusiastically recommend your software to others, driving customer acquisition for your business.

Actionable Insights 52

Actionable Insights Customer Experience NPS Net Promoter Score 52

1 to 1

DECEMBER 13, 2021

Modern customer expectations call for true omnichannel customer experiences. That means enabling customers to move seamlessly between channels and digital properties as they continue along their unique customer journey. Who wins with great CX?

CX 26

CX Customer Journey Map Customer Retention VOC 26

1 to 1

JULY 20, 2020

When we previously reported on Forrester’s annual US Customer Experience Index Report, we wrote that ‘customer experience is a never ending-journey.’ Customer expectations evolve, technology changes, and new ways to communicate emerge, but the need for human connection stays the same.

CX 26

CX Manufacturing Retail Government 26

PeopleMetrics

APRIL 17, 2015

The Economics of Customer Experience. Do you know your customer acquisition cost (CAC)? Simply put, getting new customers is expensive. With a good CX strategy, more prospects will become leads and more leads will become customers. If you can gain more customers from the same traffic base, you’ll lower CAC.

Customer Experience 108

Customer Experience CX Social Media Customer Acquisition 108

Intercom, Inc.

MARCH 29, 2022

What to expect: Our CEO Karen Peacock introduced Intercom as the Engagement OS, laying out our vision for the future of customer engagement, and the part we will play in helping our customers bridge the gap between customer expectations and customer experience. Customers expect responses fast.

Start-ups 118

Start-ups Sales Innovation NPS 118