Retently

AUGUST 9, 2018

How much do you focus on customer retention? If you don’t, you’re likely to hemorrhage money in the long run, given that acquiring new customers will cost you 5 times more than retaining existing clients. Because it’s one of the best ways to increase customer satisfaction and trust in your brand.

Voice of the Customer 90

Voice of the Customer Customer Feedback CEM Net Promoter Score 90

Lumoa

FEBRUARY 9, 2023

Customer-Centricity Customer centricity refers to customer-oriented culture in the company. The essentials include the shared targets, shared understanding, and the voice of the customer program implemented across the organization. A company usually follows a set of KPIs. What metrics should you follow?

Net Promoter Score 167

Net Promoter Score Customer Experience B2C Social Media 167

Totango

JULY 6, 2021

These benefits make customer loyalty measurement an important tool for customer retention, brand ambassadorship and revenue growth. How Do You Measure Customer Loyalty? You can use various methods to measure customer loyalty. Here we’ll consider five of the best ways to track it: Customer lifetime value (CLV).

Customer Loyalty 114

Customer Loyalty Net Promoter Score NPS Voice of the Customer 114

PeopleMetrics

OCTOBER 22, 2015

As we discussed, the best customer experience metric for your business is a matter of finding the best fit for your business. In this post, we’ll take a look at two more advanced fits: Net Promoter Score and customer engagement. Using Net Promoter Score. Using Customer Engagement.

Net Promoter Score 106

Net Promoter Score NPS Voice of the Customer Customer Satisfaction 106

PeopleMetrics

JANUARY 20, 2015

It helps companies incorporate customer dialog into their everyday operations, so they can become more customer-centric. The other stuff—the Net Promoter Score, customer satisfaction, customer retention—it all depends on a company''s ability to listen and respond to feedback.

Net Promoter Score 108

Net Promoter Score Customer Experience Voice of the Customer Construction 108

Lumoa

FEBRUARY 13, 2018

There's a company X that collects customer feedback. Company X prefers the Net Promoter Score® ( what is NPS? ), yet it could be any other metric. on a scale from 0 to 10) " after each customer purchase or interaction. Listening to the voice of the customer is no longer an option, but a necessity.

Customer Feedback 111

Customer Feedback Net Promoter Score NPS VOC 111

Totango

MAY 14, 2021

Customer retention is the keystone in any customer success strategy. There are many different types of customer retention metrics that one can track. Which customer retention metrics have the biggest impact on your business? Customer Retention Rate. Revenue Churn Rate.

Customer Retention 66

Customer Retention Net Promoter Score NPS Voice of the Customer 66

Retently

MARCH 14, 2023

In today’s fast-paced business environment, customer feedback has become an invaluable resource for brands striving to stay ahead of the curve. By tapping into the voice of the customer , companies can gain a deeper understanding of customer needs and craft meaningful experiences that foster loyalty.

NPS 140

NPS Net Promoter Score Customer Satisfaction Customer Feedback 140

SurveySensum

APRIL 28, 2025

Why Does Listening to the Voice of the Customer Matter? What do your customers really think about your brand? Heres the thing – 77% of customers have a more favourable view of brands that ask for and accept customer feedback. Thats where Voice of Customer (VoC) programs come in! Frustrated?

VOC 52

VOC Social Media Voice of the Customer Net Promoter Score 52

Retently

AUGUST 3, 2023

If you’re wondering how such empathy turns into profitability, an independent research by Frederick Reichheld of Bain & Company [see the research results in PDF] (the inventor of NPS) states that increasing customer retention by a mere 5% leads to a whopping 25% – 95% jump in profits.

Net Promoter Score 147

Net Promoter Score Customer Experience Social Media NPS 147

Lumoa

MARCH 20, 2018

Find more sources on how to deal with customer churn here: " How to Reduce Customer Churn: 6 Helpful Tips to Try " by Hubspot, " 6 ways you can improve churn rate and increase revenue " by Kissmetrics, " Tips from 32 CX Pros how to reduce customer churn " by NGData. The score should be above 0.

Net Promoter Score 107

Net Promoter Score Customer Experience CEM B2C 107

Retently

MAY 31, 2024

This could mean deploying automated email campaigns (such as customer retention emails), rapidly sharing feedback with the right teams, or building best practices around soliciting feedback from customers. But when it’s all said and done, your CSMs are really there to learn how and why customers interact with your product.

Net Promoter Score 145

Net Promoter Score Engineering Customer Retention Customer Feedback 145

Experience Investigators

FEBRUARY 1, 2022

They no longer have interactions with them, and rely on others like account managers, frontline employees and customer service teams to provide those one-on-one interactions. Customer-focused organizations prioritize keeping customers close. It’s literally a win/win.

Customer Experience 136

Customer Experience CXM Net Promoter Score CX 136

Confirmit

OCTOBER 18, 2018

What Is Customer Retention? Customer retention refers to an organization’s processes and activities that aim at stopping customers from churning or switching to a competitor. Increasing customer loyalty is a key goal of any business, and contributes greatly towards sustainable growth.

Customer Retention 45

Customer Retention VOC Net Promoter Score Voice of the Customer 45

Retently

MARCH 17, 2025

Tracks how customer sentiment, retention, and support efficiency have evolved over time. customer sentiment via NPS, CSAT, CES) How has our customer retention rate changed year-over-year? retention and churn trends) Are we reducing the number of recurring complaints about product quality?

Actionable Insights 90

Actionable Insights CX NPS Sentiment Analysis 90

Experience Investigators

MARCH 7, 2023

If there’s one thing I see as missing in many customer experience initiatives, it’s understanding how powerful operational data can be when combined with customer insights. In fact, customer experience leaders are often put into the role of what I call “number narrators.”

Net Promoter Score 98

Net Promoter Score Touchpoint NPS Customer Satisfaction 98

PeopleMetrics

MAY 30, 2015

If we took the time to strip down key performance metrics like Net Promoter Scores and customer satisfaction, we’d end up with our basic ability to help customers achieve their goals. Because if we’re not helpful, then customers will look elsewhere.

Customer Experience 120

Customer Experience Net Promoter Score Customer Journey Map Customer Feedback 120

CSAT.AI

APRIL 5, 2023

Customer Lifetime Value (CLV): The estimated total value a customer will bring to a business over the course of their relationship with the company. Customer Loyalty: This is shown when customers return to a business for purchases, or recommend, praise and even defend a business. Bain & Company, Inc.

Contact Center 97

Contact Center Customer Service Net Promoter Score Artificial Intelligence 97

PeopleMetrics

MARCH 1, 2017

And it starts with the decision to either build or buy a Voice of the Customer solution for your own organization. But it's important to note: having customer data and following up with individual customer and employee feedback is not enough to move your overall Net Promoter or Customer Loyalty scores.

Net Promoter Score 70

Net Promoter Score Innovation Customer Loyalty Voice of the Customer 70

Totango

SEPTEMBER 23, 2021

CSAT calculations total up scores of 4 and 5 to measure what percentage of customers are either satisfied or very satisfied. Research has shown that scores in this range correlate highly with customer retention. CSAT Versus NPS.

Net Promoter Score 105

Net Promoter Score NPS Customer Satisfaction Customer Retention 105

Totango

FEBRUARY 19, 2021

Knowing your customer satisfaction numbers can help you flag potential problems, reduce churn and boost customer retention. Why Customer Satisfaction KPI Numbers Matter. Your customer satisfaction KPIs provide a direct window to your business performance. Net Promoter Score (NPS).

Customer Satisfaction 64

Customer Satisfaction Net Promoter Score VOC NPS 64

ClearAction

NOVEMBER 5, 2017

A common way of establishing shared vision for customer experience is to declare a target Net Promoter Score TM or First Contact Resolution percentage or customer retention rate. This is your blueprint for customer-centric culture. Shared Vision.

Customer Experience 69

Customer Experience Net Promoter Score VOC Finance 69

Aquire

OCTOBER 19, 2021

Perhaps the most popular way to measure loyalty is the NPS (Net Promoter Score) survey. Also, customer churn and customer retention are metrics that could point to big problems down the line. Also, customer churn and customer retention are metrics that could point to big problems down the line.

Social Media 97

Social Media Net Promoter Score NPS Omnichannel 97

ClearAction

DECEMBER 14, 2017

Customer advocacy — word-of-mouth promotion (buzz marketing) of a brand by enamored customers. Customer lifetime value (CLV) — profitability of customers’ cumulative purchases. Customer retention — efforts to extend a customer’s duration of ongoing purchases.

CRM 66

CRM CEM Non-Profits Customer Experience 66

Beyond Philosophy

SEPTEMBER 8, 2022

The results were a 40-point increase in their Net Promoter Score® (NPS) over 30 months and a 10 percent increase in shipping volumes. It could be increased market share, improved NPS, or higher customer retention. In this phase, you also need to get the voice of the customer and the voice of the process.

Customer Experience 97

Customer Experience Net Promoter Score Innovation NPS 97

Zendesk

MARCH 31, 2021

How to get customer feedback. Now, we’ll discuss how to get customer feedback. Three of the most common ways are by sending customer surveys, building a community forum, and rolling out a Voice of the Customer program. Send customer surveys. There are good customer surveys and bad customer surveys.

Customer Feedback 95

Customer Feedback VOC Social Media Net Promoter Score 95

PeopleMetrics

FEBRUARY 25, 2022

Customer experience (CX) has become an essential cornerstone of modern business strategy. It helps you improve customer retention rates, efficiently focus on your highest-impact customers, and continually improve your services. But what is customer experience? Customer effort score (CES).

CX 71

CX Net Promoter Score Customer Experience Touchpoint 71

ClearAction

DECEMBER 14, 2017

Customer advocacy — word-of-mouth promotion (buzz marketing) of a brand by enamored customers. Customer lifetime value (CLV) — profitability of customers’ cumulative purchases. Customer retention — efforts to extend a customer’s duration of ongoing purchases.

CRM 59

CRM CEM Non-Profits Customer Experience 59

Lumoa

FEBRUARY 16, 2023

A voice of the customer (VoC) is the process of gathering customer feedback to discover what they need, want, and expect from you. The goal is to better understand your customers, earn their trust, and improve customer experience. Without customers, there is no business. Increasing customer loyalty.

VOC 88

VOC Unstructured Data Customer Feedback Voice of the Customer 88

SurveySensum

DECEMBER 30, 2024

NICE, designed for both B2B and B2C enterprises, provides comprehensive insights into CX through a range of surveys that directly map to the customer journey. What makes NICE stand out is its unified approach to collecting, integrating, and analyzing customer feedback.

Sentiment Analysis 52

Sentiment Analysis Machine Learning NPS B2B 52

Intercom

FEBRUARY 15, 2023

There are lots of ways to measure customer satisfaction. Many businesses use a customer satisfaction (or CSAT) score, which they gather using a customer satisfaction survey or via other voice of the customer research. What is a customer satisfaction survey?

Customer Satisfaction 52

Customer Satisfaction Net Promoter Score E-commerce NPS 52

Lumoa

MARCH 20, 2018

Find more sources on how to deal with customer churn here: " How to Reduce Customer Churn: 6 Helpful Tips to Try " by Hubspot, " 6 ways you can improve churn rate and increase revenue " by Kissmetrics, " Tips from 32 CX Pros how to reduce customer churn " by NGData. The score should be above 0.

Net Promoter Score 60

Net Promoter Score Customer Experience CEM B2C 60

SurveySensum

FEBRUARY 10, 2022

NPS is a critical business KPI that tells you how likely your customer is to recommend your product or service to others. It is the key predictor for gauging customer retention and loyalty. Given its significance, how do you improve your Net Promoter Score? Know where you are. Design your CX program.

NPS 52

NPS Net Promoter Score Sentiment Analysis Touchpoint 52

SurveySensum

FEBRUARY 3, 2022

NPS is a critical business KPI that tells you how likely your customer is to recommend your product or service to others. It is the key predictor for gauging customer retention and loyalty. Given its significance, how do you improve your Net Promoter Score? Know where you are. Design your CX program.

NPS 52

NPS Net Promoter Score Sentiment Analysis Touchpoint 52

PeopleMetrics

DECEMBER 2, 2016

The amount of difficulty or “effort” the customer experiences during the installation process ties directly to their likelihood to recommend your company; i.e. your company’s Net Promoter Score.

Net Promoter Score 75

Net Promoter Score Customer Experience Engineering NPS 75

PeopleMetrics

MARCH 1, 2017

If you want to tackle this on your own, here is our basic process in ten steps: Wows and Woes: 10 Steps to Customer Understanding. That means you may want to include a Net Promoter Score prompt along with common, potential drivers of a great experience. Design your survey. Decide who to invite.

Net Promoter Score 72

Net Promoter Score Customer Feedback Start-ups Customer Survey 72

SurveySensum

OCTOBER 2, 2024

Approach This vision is more long-term, as it covers customer, loyalty, interaction, and individual approaches. Key Metrics Customer satisfaction, Net Promoter Score , and Customer Effort Score. Revenue, lead conversion, and Customer Lifetime Value.

Customer Relationship Management 52

Customer Relationship Management Customer Experience Management Customer Relationship CXM 52