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 Service Business Growth 117

Customer Think

NOVEMBER 19, 2021

In addition to the standard customer retention strategies, companies nowadays have to divert more and more attention to another medium — social media. Social media can be one of the best places to build customer loyalty because, by its very nature, it encourages engagement between brands and customers.

Social Media 108

Social Media Customer Loyalty Customer Retention 108

Adrian Swinscoe

SEPTEMBER 16, 2024

Today’s interview is with Conny Kalcher, Group Chief Customer Officer at Zurich Insurance.

Customer Loyalty 147

Customer Loyalty Artificial Intelligence Business Growth Customer Retention 147

VOZIQ

FEBRUARY 3, 2021

Every month, we bring you the best resources from the internet to help you navigate customer retention and customer experience issues. So, what are the customer experience (CX) insights critical to your business? Customer Retention – How to Ensure Loyalty.

Customer Retention 98

Customer Retention Manufacturing Touchpoint Education 98

eglobalis

AUGUST 19, 2024

While the Net Promoter Score (NPS) has long been heralded as the go-to metric for gauging customer loyalty, sentiment, and ”satisfaction”, it’s clear that NPS alone isn’t sufficient—a topic we’ve explored before. Introduction We’re not here to drive the final nail into the coffin of NPS.

NPS 308

NPS Net Promoter Score VOC Actionable Insights 308

C3Centricity

AUGUST 1, 2023

Customer retention is essential for the long-term success of any business. We all know that happy customers are more likely to make […] The post The Customer Retention Goldmine: How to Keep Customers Happy and Drive Exponential Growth first appeared on c3centricity.

Customer Retention 118

Customer Retention Customer Relationship Customer Feedback Customer Loyalty 118

ECXO

JULY 10, 2024

Redefining Customer Feedback: Embracing Comprehensive Metrics for Accurate Sentiment Analysis Introduction The Net Promoter Score (NPS) has long been a widely used metric for assessing customer loyalty, satisfaction, and the potential for customer churn as a relationship and transactional metric.

Sentiment Analysis 374

Sentiment Analysis Customer Feedback NPS Net Promoter Score 374

eglobalis

SEPTEMBER 5, 2024

CS ensures customers reach their desired outcomes and adopt the product successfully, while CX captures the emotional and experiential aspects of the entire journey with your brand. Combining these perspectives offers a holistic view that drives growth, reduces churn, and fosters deeper customer loyalty.

Net Promoter Score 322

Net Promoter Score NPS CX VOC 322

Experience Investigators

NOVEMBER 7, 2023

If a customer tries a new brand that fails to deliver on their needs—especially during the earliest interactions—they have little reason to support it. And this is about more than just customer service. That’s why the most successful companies prioritize customer retention and loyalty alongside acquisition.

Customer Retention 98

Customer Retention Social Media Customer Loyalty Start-ups 98

Help Scout

AUGUST 22, 2023

Improve customer loyalty with this list of 16 customer retention strategies that are backed by academic research and case studies on consumer behavior. Read the full article

Customer Retention 89

Customer Retention Customer Loyalty 89

Customer Think

DECEMBER 31, 2021

It is much cheaper to get repurchases from current and former customers than it is to find new customers. Returning customers also spend more money and contribute to word-of-mouth marketing.

Customer Retention 108

Customer Retention Customer Loyalty 108

Customer Think

AUGUST 29, 2021

When you have invested the time and money to acquire a brand-new customer, you lose on the full revenue capacity of that individual if they leave, or churn, earlier than preferred. By minimizing the rate of churn, companies prosper and grow quicker. When most companies think about how to speed up growth, generally their first […].

Customer Retention 139

Customer Retention Customer Loyalty 139

Totango

MARCH 5, 2021

Customer retention is the lifeblood of any savvy enterprise. It’s the only way to be successful in this customer-centered economy and ensure scalable long-term revenue. To retain customers, companies must make the customer experience better and ensure customers never stop seeing value from their product or service.

Customer Retention 89

Customer Retention Net Promoter Score Start-ups NPS 89

Customer Think

APRIL 16, 2023

With ongoing shifts in the economic climate, customer retention continues to be a main focus—and in many cases, it has become even more important in 2023. According to a report by Twilio, in the face of recession, 67% of businesses are shifting focus from customer acquisition to customer retention.

Customer Retention 111

Customer Retention Customer Acquisition Customer Loyalty Technology 111

Zendesk

APRIL 5, 2022

It’s now more important than ever for support teams to track customer retention metrics. You want to ensure you’re putting your best customer service foot forward so buyers continue doing business with you. We surveyed top SaaS support teams to identify the most important customer retention metrics to measure.

Customer Retention 98

Customer Retention Net Promoter Score NPS Retail 98

Intercom, Inc.

SEPTEMBER 29, 2022

Leading companies are refocusing their customer engagement efforts to increase customer loyalty, while also enhancing efficiency. By implementing in-product messaging – the secret ingredient your customer engagement tech stack is missing. Luckily, we’ve launched a new guide to help you achieve just that.

Customer Loyalty 211

Customer Loyalty Customer Retention Customer Expectations 211

ClientSuccess

AUGUST 17, 2022

While it may take years for some customer partnerships to get to this desired mutually beneficial place, there are a few steps CSMs can take on the back end to move things along faster. Customer loyalty and retention: a match made in heaven. Here are some tips and tricks to get started: Ask for customer feedback. .

Customer Loyalty 82

Customer Loyalty Customer Retention Customer Relationship Customer Feedback 82

eglobalis

JULY 2, 2024

The Imperative for Diverse Metrics and Measurements in Understanding Customer Sentiment Introduction Net Promoter Score (NPS) has established itself as a popular metric for evaluating customer loyalty, satisfaction levels, and the likelihood of customer churn.

NPS 373

NPS Customer Feedback Net Promoter Score B2C 373

Aquire

JULY 26, 2021

You need a mix of marketing strategies and innovative customer loyalty programs if you want to satisfy customers, increase customer engagement, and boost conversions. In recent years, customer loyalty programs have changed drastically, going digital, getting more effective, and offering unique experiences.

Customer Loyalty 98

Customer Loyalty Social Media Artificial Intelligence Innovation 98

Customer Think

AUGUST 19, 2021

This is why more businesses are exploiting the advantages of email marketing to reach customers. Email marketing is so important to customer retention that you’re missing […]. The reach that email marketing offers is massive.

Customer Retention 89

Customer Retention Customer Loyalty 89

Customer Think

FEBRUARY 13, 2023

Leverage customer data and learn from segments to GROW RELATIONSHIPS WITH CUSTOMERS through your DTC channel. If you’re a marketer, it’s important to focus on acquiring the right customers. So how do you know who the right customers […]

Customer Retention 128

Customer Retention Customer Loyalty Technology Technology 128

The Customer Service Blog

SEPTEMBER 14, 2023

What can the 'ketchup surcharge' teach us about customer loyalty? This is an interesting question from a customer loyalty perspective. But even wealthy customers like to feel that they are being treated fairly regarding the price they are charged. In July, inflation for sauces and condiments stood at 28.4%

Customer Loyalty 79

Customer Loyalty Social Media Customer Retention Start-ups 79

Shep Hyken

SEPTEMBER 13, 2021

What Is Customer Loyalty and Retention (And 3 Tips for Improvement) by Scott Clark. CMSWire) Although the terms “customer loyalty” and “customer retention” are often used interchangeably, they actually refer to two different things. There’s a big difference.

Customer Service 134

Customer Service B2C Customer Loyalty B2B 134

Intercom, Inc.

SEPTEMBER 2, 2020

In the not-too-distant past, customer support was viewed as a cost center – a necessary, but non-profitable, part of a business. Today, more and more businesses are realizing the true bottom-line value that incredible customer service brings to a business – customer loyalty , retention, and advocacy to name but a few.

Non-Profits 190

Non-Profits Customer Retention Customer Loyalty Customer Satisfaction 190

Zonka Feedback

AUGUST 12, 2021

For every business, customer loyalty is a hard-earned wealth. Loyal customers would not only choose your brand over others every time, but they would also spread good word-of-mouth for your business and become your brand advocates. They would speak excitingly about your brand and attract more customers for your business.

Customer Retention 98

Customer Retention Customer Loyalty 98

Customer Think

OCTOBER 18, 2021

Image by Stories Cohort analysis is a metric that can be used to measure customer retention and analyze the success of customer acquisition strategies. This article will provide an overview of this metric, and show you how to apply it in your own business. What are the 2 types of cohort analysis? Type 1 Cohort […].

Customer Retention 80

Customer Retention Customer Acquisition Customer Loyalty 80

Intercom, Inc.

AUGUST 26, 2020

With a focus on ROI, nearly a third (30%) plan to measure their team’s impact on customer retention. Together they provide a blueprint for how support leaders can keep everything in balance: a great customer experience, high levels of efficiency, and measurable bottom-line impact.

Customer Retention 233

Customer Retention Customer Satisfaction Customer Expectations Technology 233

Customer Think

JULY 29, 2023

The B2B customer base has shifted dramatically in just a few short years. While brand loyalty and high switching costs used to be reliable drivers of B2B customer retention, it doesn’t hold the same weight for today’s generation of tech-savvy, agile customers.

B2B 98

B2B Customer Loyalty Customer Retention 98

Customer Think

JANUARY 26, 2022

We are always on the lookout for thoughts and insights from masterminds on the customer experience delivery and retention best practices. Reading provides so much more than just knowledge. Books inspire our minds, offer more and novel perspectives, and help us identify new opportunities with a shift in attitude.

Customer Retention 111

Customer Retention Customer Experience Customer Loyalty 111

eglobalis

JUNE 27, 2024

Customer Satisfaction (CSAT): Measures how satisfied customers are with specific interactions, products, or services. Customer Lifetime Value (CLV): Estimates the total revenue a company can expect from a single customer account throughout its relationship.

Customer Experience 369

Customer Experience Net Promoter Score VOC Government 369

Hodusoft

NOVEMBER 27, 2024

Building Customer Loyalty: Insights and Best Practices for Transforming Your Business For every business, customer loyalty matters a lot. That’s because it’s just not viable for a business to start a venture, sell only one product once to every customer, and stay afloat for long.

Customer Loyalty 52

Customer Loyalty Contact Center E-commerce Omnichannel 52

ECXO

JULY 29, 2024

Customer Satisfaction (CSAT) : Measures how satisfied customers are with specific interactions, products, or services. Customer Lifetime Value (CLV) : Estimates the total revenue a company can expect from a single customer account throughout its relationship.

Customer Experience 380

Customer Experience Net Promoter Score VOC Scorecard 380

Hodusoft

JULY 24, 2024

Effective Strategies for Enhancing Customer Retention in Call Centers “When the customer comes first, the customer will last.” In a time of growing competition and dwindling customer loyalty, businesses need to focus on customer retention more than ever before. Read on and thank us later.

Customer Retention 52

Customer Retention Omnichannel Customer Loyalty CX 52

Customer Think

APRIL 28, 2023

Customer retention is one of the most critical aspects of business success. After all, you’ve already put in the hard work to acquire customers, so it makes sense to do whatever it takes to keep those customers around. But how can you go about doing that? Sometimes, it pays off to think outside the box […]

Customer Retention 72

Customer Retention Customer Loyalty 72

Execs In The Know

NOVEMBER 6, 2024

For cases where sentiment remains low, DataScribe alerts supervisors to intervene, ensuring a quick and effective resolution process that leaves no customer concern unaddressed. Enhancing Service Recovery to Build Customer Loyalty Service recovery offers companies a unique chance to exceed customer expectations.

Customer Retention 52

Customer Retention Sentiment Analysis Contact Center Compliance 52

MyCustomer Experience

DECEMBER 14, 2023

Navigating the New Era of Customer Loyalty: AI Strategies for Maximizing High LTV Customer Retention In an era where growth is no longer. 14th Dec 2023 By Andrew Hooper Business Development Director

Customer Retention 52

Customer Retention AI Customer Loyalty 52

eglobalis

JULY 31, 2024

Standard Chartered (APAC) SAS provides advanced analytics and marketing automation tools that allow Standard Chartered to leverage data for better decision-making and customer targeting, resulting in improved customer loyalty and retention.

Customer Experience 328

Customer Experience Social Media Predictive Analytics AI 328