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

eglobalis

JUNE 27, 2024

Conduct comprehensive research to understand the full scope of the customer journey. This involves gathering data from multiple sources such as customer feedback, social media interactions, sales data, and direct customer interviews. Companies like HSBC in Europe and Toyota in APAC excel in this area.

Customer Experience 490

Customer Experience VOC Net Promoter Score Government 490

eglobalis

SEPTEMBER 5, 2024

Social Media Sentiment Tracks sentiment expressed about your brand on social platforms. How it complements CS : Real-time insights help CS teams respond quickly to customer concerns. Customer Retention Rate Measures the percentage of customers retained over time.

Net Promoter Score 459

Net Promoter Score NPS CX VOC 459

Hodusoft

APRIL 24, 2025

Insurance Customer Retention with Contact Center Software For contemporary insurance companies, acquiring more policyholders is not good enough. In such a scenario, customer retention (or retention of policyholders, if you will) is the only recourse. Why Customer Retention is Critical in Insurance?

Contact Center 52

Contact Center Customer Retention Data Entry CRM 52

ECXO

JULY 29, 2024

Conduct comprehensive research to understand the full scope of the customer journey. This involves gathering data from multiple sources such as customer feedback, social media interactions, sales data, and direct customer interviews. Companies like Barclays in Europe and Honda in APAC excel in this area.

Customer Experience 380

Customer Experience Net Promoter Score VOC Government 380

InteractionMetrics

MARCH 27, 2025

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.

Customer Retention 52

Customer Retention Net Promoter Score NPS Predictive Analytics 52

eglobalis

JULY 2, 2024

Customer Lifetime Value (CLV) : Estimates revenue potential from a customer over their lifetime. Revenue Growth: Tracks growth directly attributed to customer experience initiatives. Customer Retention Rate (CRR) : Measures the ability to retain customers over time.

NPS 490

NPS Customer Feedback Net Promoter Score B2C 490

ECXO

MARCH 15, 2024

How to Avoid the Sins Poor customer retention: Often, this pitfall is a result of not listening to customers. When customers feel unheard or undervalued, they are likely to take their business elsewhere. Actively seeking and acting on customer feedback can significantly improve customer retention.

Customer Experience 290

Customer Experience VOC Net Promoter Score Innovation 290

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

ECXO

MARCH 6, 2025

Meeting these elevated expectations is not just about customer satisfactionit directly impacts the bottom line. Research shows that B2B companies with superior customer experience achieve higher revenue growth, better customer retention, and lower service costs than their peers.

CX Transformation 339

CX Transformation B2B CX Government 339

SurveySensum

OCTOBER 17, 2024

73% of consumers across the globe expect companies to understand their unique expectations and needs — Customer Feedback Analytics is the key to it! This is where customer feedback analytics solutions come in. It helps you decode the true potential of customer data and open up new growth avenues. According to a Bain & Co.

Customer Feedback 52

Customer Feedback Text Analytics Social Media Artificial Intelligence 52

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. It’s also not correct to let on that you feel that the client is vulnerable.

Contact Center 345

Contact Center Artificial Intelligence Finance Engineering 345

Retently

MARCH 11, 2025

They act as a bridge between the customer and teams working with product, marketing, logistics, and support to ensure customer insights lead to tangible fixes. Their work directly impacts business growth by reducing complaints, improving support efficiency, and enhancing customer retention, they drive higher revenue and lower churn.

CX 120

CX Customer Experience Net Promoter Score NPS 120

Intercom, Inc.

MARCH 31, 2021

Whatever tools you’re using – whether that’s social media, call center, issue management, or even sales tools – you’ll want to make sure your conversational support tool can plug into and play nicely with them. Ultimately, this will make your support more efficient, powerful, and all-around more helpful for customers.

Social Media 213

Social Media Start-ups Customer Retention Customer Satisfaction 213

Hodusoft

JANUARY 30, 2025

In todays fast-paced, customer-centric world, consumers expect effortless interactions whether theyre reaching out via voice, email, chat, social media, or SMS. This approach allows customers to interact with a business across multiple channels without losing context or consistency. operate independently, often in silos.

Contact Center 52

Contact Center Omnichannel Social Media Retail 52

SurveySensum

OCTOBER 31, 2024

If you want to discover the answers, then let’s dive deep into an important aspect of customer experience strategy – digital customer engagement. What is Digital Customer Engagement? It not only fosters customer loyalty but builds trust among customers, both present and future.

Social Media 52

Social Media Omnichannel Technology Technology 52

Retently

NOVEMBER 27, 2024

Personalizing the Customer Journey 3. Building Customer Loyalty for Retention 6. Leveraging Social Media and Influencer Marketing 8. Dive deep into customer behavior and market trends to tailor strategies that resonate with your audience. Expanding Revenue Channels 4. Optimizing Conversion Rates 5.

Sales 152

Sales Social Media Predictive Analytics Start-ups 152

Win the Customer

DECEMBER 25, 2019

. “Social care” isn’t anything new, but providing effective multi-channel customer service that includes social care can be pose significant challenges for organizations big and small. Social service organizations see a 5.6% YoY increase in customer retention.

Customer Service 115

Customer Service Social Media Start-ups Customer Retention 115

Lumoa

FEBRUARY 9, 2023

It involves measuring customer effort on customer service interactions, such as the number of customer emails received, the length of customer wait times, and the number of customer complaints. Learn more about personalized marketing in Personalized Marketing: The Ulitmate Guide to WOW Your Prospects and Customers.

Net Promoter Score 167

Net Promoter Score Customer Experience B2C Social Media 167

ECXO

MAY 20, 2024

For instance, if a segment of customers is identified as highly tech-savvy, the team can focus on offering advanced features to this group, while for a segment of less tech-oriented customers, the team can provide more guidance and support.

CX 177

CX Customer Retention Customer Satisfaction Gaming 177

SurveySensum

JULY 26, 2023

It’s like a game of “now you see them, now you don’t” with customers jumping ship to competitors in the blink of an eye if they don’t feel valued and satisfied. It is far more expensive to acquire new customers than to retain existing ones and brands understand that. But why is that a big issue?

Customer Retention 52

Customer Retention Retail Social Media E-commerce 52

Win the Customer

SEPTEMBER 21, 2020

The right marketing strategies involving both on and off your e-commerce store can help you build brand awareness, drive customer loyalty, and ultimately increase online sales. A simple answer is by focusing your efforts on customer retention. What is Customer Retention? Start a Customer Loyalty Program.

E-commerce 111

E-commerce Sales Social Media Customer Retention 111

SurveySensum

APRIL 28, 2025

When businesses fail to listen to their customers, frustration builds, leading them to switch to competitors. However, a VoC program enables you to gather real-time feedback across multiple channels – surveys, reviews, social media, and direct interactions – to identify pain points and take proactive action.

VOC 52

VOC Social Media Voice of the Customer Net Promoter Score 52

Aquire

JULY 29, 2021

They learn about products from many platforms, including Google searches, social media, videos, mobile apps, company websites, and in-store experiences. Creating an omnichannel customer experience benefits businesses. Customers who engage through multiple channels with a business reportedly spend more. .

Omnichannel 105

Omnichannel Customer Experience Social Media Retail 105

SurveySensum

SEPTEMBER 21, 2023

This strategic move resulted in doubling their business, showcasing the power of leveraging customer retention to drive growth. Well, acquiring new customers can costs you five times more than keeping the ones you have. So, customer retention is indeed crucial. What is the Customer Retention Rate?

Customer Retention 52

Customer Retention Non-Profits Social Media Gaming 52

Inside Customer Service

JUNE 23, 2022

Regaining a customer's trust after a service failure has a direct impact on customer retention, customer acquisition, and efficiency. Customer retention For every customer your business loses, you need to attract two new customers to grow. The key to service recovery is restoring trust.

Customer Acquisition 157

Customer Acquisition Social Media Customer Retention Start-ups 157

Aquire

SEPTEMBER 6, 2021

An omnichannel contact center offers more than just customer communication — it’s a powerful tool for creating memorable customer experiences (CX) and strengthening brand loyalty. This approach provides a consistent experience regardless of the method or device customers choose to communicate through.

Contact Center 98

Contact Center Omnichannel Social Media Net Promoter Score 98

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. How to Analyze Current Retention Rates?

Customer Retention 52

Customer Retention Omnichannel Customer Loyalty CX 52

Intercom, Inc.

JUNE 14, 2022

It’s closely connected to customer relationship management, and also uses the abbreviation CRM. Customer relationship marketing involves a more long-term view, with far-reaching benefits for building brand reputation, improving customer retention, and increasing customer lifetime value.

Customer Relationship Management 118

Customer Relationship Management Customer Relationship CRM Social Media 118

Fonolo

MARCH 19, 2019

Given the increasing number of customers they must support, these companies would certainly benefit from implementing strong customer service offerings. Utility companies have a huge opportunity to improve their customer service strategies and reap the rewards.

Technology 106

Technology Technology Customer Service Social Media 106

Shep Hyken

AUGUST 8, 2022

That said, you’ll enjoy this author’s version of how to WOW your customers. 5 Ways to Drive Customer Retention in a Post-pandemic World by Katie Fairchild. Customer retention statistics show that 65% of a company’s business comes from its existing customer base.

Customer Service 21

Customer Service Customer Retention Hospitality Hospitality 21

Experience Investigators

DECEMBER 10, 2024

Customer experience leaders, you arent the only ones expected to prove ROI on your initiatives! Defining What Customer Experience ROI Looks Like There are countless ways to show the value of your CX efforts. Prioritize the onboarding and new customer experience.

CX 52

CX Customer Experience Touchpoint CXM 52

Win the Customer

MAY 12, 2020

are mean to connect the business with the customer on the daily run by serving an apt range of call centre services for conducting the practice of customer retention. The call centre services can be offered through various mediums such as phone call, email, fax, social media, etc. Call centre services.

Social Media 128

Social Media Artificial Intelligence Sales Technology 128

Lumoa

OCTOBER 20, 2022

Customer experience is an important factor in determining customer loyalty. Companies that rank the highest in customer experience surveys also have the highest scores for customer retention. This is because happy customers are less likely to churn and more likely to continue doing business with you.

Customer Experience 114

Customer Experience Customer Retention Customer Satisfaction Retail 114

Fonolo

MARCH 16, 2021

The difference emerged as customer support became available through other channels: social media, email, live chat etc. With email or social media, you can reasonably stretch that definition to mean the same ‘conversation,’ ‘thread,’ or even the ‘first day.’

Contact Center 125

Contact Center Social Media Customer Satisfaction Omnichannel 125

Aquire

JULY 5, 2021

Customer service performance metrics by company focus. Also, use qualitative customer feedback as part of your customer service KPIs to help you improve NPS. Customer retention rate (CRR). The CRR of a specific period is the percentage of customers you retained from the beginning of the period to the end.

Net Promoter Score 80

Net Promoter Score Customer Service Social Media NPS 80

Retently

AUGUST 3, 2023

It’s based on the concept of social proof , which is a psychological phenomenon where people assume the action of others in an attempt to reflect the correct behavior. Sometimes you may need to spend more on improving your customer experience so that you can reduce the service costs in the long-run.

Net Promoter Score 147

Net Promoter Score Customer Experience Social Media NPS 147