ShepHyken

MAY 25, 2020

Each week I read a number of customer service and customer experience articles from various resources. I have added my comment about each article and would like to hear what you think too. How to calculate your customer retention rate by Bryce Baer. How to calculate your customer retention rate.

Article 61

Article 2020 Contact Center Customer Service 61

Bold360

NOVEMBER 9, 2016

But, surprisingly, in the rush of business that consumes them from Thanksgiving through the New Year, a lot of retailers overlook the valuable ecommerce metrics that flow in along with the cash. The question is which ecommerce metrics to track, and how, in order to foster a high rate of customer retention.

Metrics 89

Metrics Customer Retention Retail ROI 89

CustomerSuccessBox

SEPTEMBER 29, 2022

However, customers are also searching for a quick time to value (TTV). This refers to how quickly a product would help them solve their problem and get a good return on their investment (ROI). Customer relationships get stronger as you resolve issues more quickly as a company. Why isn’t the TTV metric used widely in SaaS?

Metrics 52

Metrics Return on Investment B2B Customer Relationships 52

ClearAction

FEBRUARY 7, 2016

Customer Experience Articles. Customer experience articles. Tools, techniques, and case studies catalyze your customer experience management success. Peruse ClearAction articles, podcasts and webcasts, and ask how these best practices can be customized to your specific needs. Employee Engagement.

Article 48

Article Customer Experience 2009 White Paper 48

Playvox

JULY 31, 2023

However, some of the quickest ROI can come from the employee self-service (ESS) aspects of a WFM solution. Improved Efficiency Getting your staffing levels right and creating a balanced workload across all of your customer service channels is crucial. Absence requests – Let agents self-serve for all types of leave requests.

Management 85

Management Contact Center ROI Net Promoter Score 85

Beyond Philosophy

NOVEMBER 10, 2014

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.

Net Promoter Score 164

Net Promoter Score ROI Customer Experience 2014 164

SurveySparrow

JANUARY 14, 2020

Because there are plenty of options for your customers and a small slip from your side can make them leave you. This is why you need to have a customer retention plan in place. The importance of customer retention cannot be explained in one or two sentences. What is customer retention? Saves money.

Customer Retention 52

Customer Retention Feedback Loyalty Programs Roadmap 52

ClientSuccess

MARCH 20, 2019

Over the next month, I will be writing about the customer success metrics that top organizations use to measure the performance of their customer success strategies and team execution. The metrics I will cover are applicable to customer success departments and also to your entire company. Financial Metrics.

Metrics 61

Metrics Customer Success Measurement Net Promoter Score 61

GetFeedback

SEPTEMBER 24, 2019

Make sure to check out our free CX guides and exclusive educational video with Forrester waiting for you at the end of the article. . Before you worry about proving the ROI of a VoC program, focus on building relationships and trust with the key stakeholders in your company. Guide to Boosting Customer Loyalty. Get the Guide.

ROI 150

ROI Webinar Sales Loyalty 150

Think Customers

MAY 20, 2024

This article was written as part of a partnership between 1to1 Media and the European Customer Experience Organization. Stop that, said Lynn Hunsaker, chief customer officer of ClearAction Continuum , a Phoenix-based CX consulting and training company. That pebble in your shoe elicits a yelp and other colorful expletives.

Chief Customer Officer 52

Chief Customer Officer Webinar ROI Customer Expectations 52

Experience Investigators by 360Connext

AUGUST 22, 2023

Discloser: This article uses affiliate links to LinkedIn Learning Most companies say they want to provide a great experience for their customers. They might even proclaim to put customers first or be customer-centric.

Customer Experience 143

Customer Experience Feedback Customers Customer Centricity 143

Playvox

FEBRUARY 13, 2023

While traditional quality assurance means evaluating interactions and checking for compliance, QM takes a more holistic approach by going beyond typical contact center metrics and looking at an agent’s behaviors in both subjective and objective ways. But what’s the real value of a loyal customer?

Contact Center 78

Contact Center Multi-Channel Customer Retention ROI 78

Call Experts

SEPTEMBER 15, 2022

In this article, we will dive into customer service. Especially if you are new to outsourcing customer support, it is essential to understand the benefits of a solution like a 24-hour customer service number or after-hours support. . Improve Customer Retention. First, understand your audience.

Customer Service 52

Customer Service Average Handle Time Customer Retention Metrics 52

Amity

FEBRUARY 24, 2016

Issue 77 - Customer Success Articles that are Certified Classics (Part 3). How do we decide which articles are Customer Success Classics? Well, to become certified classic, an article must be written well, easy to read, and most importantly, feature great content. Get your free Customer Success Hero shirt!

Article 48

Article Customer Success Return on Investment Customer Journey 48

CSM Magazine

FEBRUARY 3, 2023

It’s clear, customer acquisition is not where our focus should be in 2023. Go big on customer retention. Now is when thoughtful customer service shines. Retaining existing customers and keeping churn to a minimum is vital to surviving rocky terrain. The answer is simple.

Customer Service 52

Customer Service Chief Customer Officer ROI Social Media 52

SurveySparrow

DECEMBER 14, 2020

Knowing your customers is, after all, the first step to an effective customer experience strategy. A well-managed customer experience involves active oversight of all aspects of your customer journey, including ROI. But how do you measure returns on customer experience? Customer Retention Data.

Customer Experience Management 52

Customer Experience Management Measurement Customer Experience Net Promoter Score 52

Customer Bliss

AUGUST 3, 2018

“A very small increase in customer retention can yield a huge impact on profitability.” How Net Promoter Companies Thrive in a Customer-Driven World. Rob Markey is a partner at Bain & Company and leads the customer strategy and marketing practice. Metrics tools are great but don’t forget about the human element.

Leadership 120

Leadership Chief Customer Officer Social Media Loyalty 120

inmoment

JULY 4, 2020

The best way for companies to effectively monetize the changes they make to customer experience(s) is to link both actions and outcomes to business metrics. CX practitioners can point to any changes that have occurred in those metrics since implementing any experience fixes and easily connect the two. Customer Acquisition.

Customer Experience 40

Customer Experience Customer Retention Metrics Measurement 40

SurveySensum

AUGUST 26, 2020

Why do you need to measure the ROI of your CX program? . CX leaders often face challenges in quantifying the ROI of their CX program to make a strong business case for the boardroom. CX leaders often face challenges in quantifying the ROI of their CX program to make a strong business case for the boardroom. Only one-third!

ROI 98

ROI E Commerce Metrics E-support 98

ClearAction

NOVEMBER 3, 2015

customers’ consequences. all customers. Customer comments are. Metrics focus on. customers’ behavior/ratings. are by customer or by department. prevent recurrence for all customers. customer-facing staff. is grounded in customers’ realities. Customer retention.

Customer Experience 101

Customer Experience ROI Customer Experience Management Sports 101

ChurnZero

SEPTEMBER 24, 2021

Because Implementation can either drive or diminish the future value of your Customer Success software. Putting in the upfront work during this pivotal phase pays dividends down the road in the forms of higher product adoption, user satisfaction, and customer retention. Customer Success Around the Web.

Customer Success 98

Customer Success Customers Communication ROI 98

Gainsight

OCTOBER 30, 2018

Churn is what folks in the subscription economy community call the percentage of customers that leave after subscribing to your product. Churn is one of the most important metrics in a recurring revenue business. You can prevent this spread of negative influence by investing in a customer retention strategy.

ROI 61

ROI Customer Retention Social Media Roadmap 61

CCO Council

JUNE 24, 2014

Recommendation : CEOs and Boards must commit from the outset to support and invest in the CCO and his/her initiatives for a minimum of two years to ensure the highest ROI. This article is the second in a two-part series excerpted from The Impact of the CCO , available for free download from the CCO Council website here.

Chief Customer Officer 85

Chief Customer Officer Customer Centricity 2003 Competitive Advantage 85

CSM Magazine

OCTOBER 11, 2019

When compared to on-premise phone systems, cloud phone systems lead to a better customer experience, improved agent performance and a more positive ROI. Cloud phone systems offer customers the option to seamlessly use their preferred channels of communication – whether that’s live chat, email, contact form or phone.

Contact Center 40

Contact Center Multi-Channel Call Center ROI 40

ChurnZero

DECEMBER 20, 2019

20 Customer Success Predictions for 2020 . Nikola Tesla predicts the development of Wi-Fi in a New York Times article. Conversations are no longer driven by product features but rather about customer enablement and alignment on the expected impact from the partnership between the customer and a company.

2020 80

2020 Customer Success Chief Customer Officer ROI 80

delighted

JUNE 30, 2022

Every customer you acquire through referral is one less you have to acquire through a paid channel. Casper’s referral program actually has 7x higher ROI than their average marketing investment. Increase customer lifetime value. A/B test to maximize your referral program ROI. High margin growth.

Sales 79

Sales Reference Net Promoter Score Loyalty Programs 79

Totango

SEPTEMBER 4, 2020

It is the process of turning reliable customer data into meaningful customer interactions that produce value. When your enterprise adopts a tech-touch digital strategy, it begins to evolve a scalable, measurable approach to customer success that increases customer retention.

Customer Success 63

Customer Success Communication Customer Relationships Customers 63

Playvox

JUNE 22, 2023

Tracking, reporting, and improving upon metrics are essential across all areas of business, including finance, sales, marketing, and contact center management. Understanding the key call center efficiency metrics to track , and more importantly, how to improve them, will set you up for success and help keep your customers happy.

Call Center 52

Call Center Metrics Contact Center Net Promoter Score 52

Totango

APRIL 24, 2020

In customer retention, every engagement counts. Rather, customer retention for SaaS enterprises is a result of the customer experience. It is an outcome based on an emotional reaction and connection to the performance of a supplier and the value a customer experiences through using that enterprise’s product.

Customer Retention 83

Customer Retention Customers Customer Journey Customer Success 83

ChurnZero

JUNE 17, 2022

It requires a genuine understanding of your customer cohorts and their goals, perceptions, and needs. To share how to choose, track, and act on effective onboarding metrics, ChurnZero Customer Success Enablement Team Lead Bree Pecci joined CSM Practice for a drill-down into customer-centric onboarding.

Metrics 98

Metrics Definition Engagement Measurement 98

ChurnZero

JULY 9, 2020

in their article on which emotions make successful customer relationships. Demonstrated ROI – does the customer have proven results? Your results are ideally backed by hard ROI metrics to validate success, but sometimes the strongest outcome is a “soft” ROI metric, such as process improvements and productivity increases.

Marketing 64

Marketing Webinar Reference Events 64

ClearAction

NOVEMBER 12, 2017

See how SunTrust’s C-team focused on putting clients 1st as their guiding principle, emphasizing client voice in their decision-making processes: Customer First Drives Business Performance. alignment must be thorough across every nook and cranny of your business: Nobody is exempt from playing a role in your customer experience strategy.

Customer Experience 54

Customer Experience Customer Centricity Customers Article 54

Gainsight

JUNE 23, 2022

This article was originally published on Inc. . Varying impact on sales and customer retention from issues in your client base or industry. This will include structured identification of client objectives and ROI, defined plans for delivery, and documented maps of key contacts at the customer.

Financial 52

Financial Chief Customer Officer 2022 2008 52

ChurnZero

JUNE 17, 2022

It requires a genuine understanding of your customer cohorts and their goals, perceptions, and needs. To share how to choose, track, and act on effective onboarding metrics, ChurnZero Customer Success Enablement Team Lead Bree Pecci joined CSM Practice for a drill-down into customer-centric onboarding.

Metrics 52

Metrics Definition Engagement Measurement 52

Amity

APRIL 25, 2016

Director of Customer Success - Proven. Alex curates the Customer Success Newsletter which is a weekly curated collection of 4 helpful articles from around the Customer Success community. The Customer Success Newsletter. Customer Success Expert - Glide Consulting. The Customer Success Magazine.

Customer Success 96

Customer Success Chief Customer Officer Consulting Blog 96

Pointillist

MARCH 20, 2020

Customer Journey Analytics Example #2: Measure and Improve CX Customer experience, analytics and marketing professionals across industries report that measuring CX is one of the top five biggest challenges encountered today. For that reason, customer churn rate is a key business metric for enterprises across industries.

Customer Journey 70

Customer Journey Insights NPS Banking 70

SmartKarrot

JUNE 1, 2020

Besides all the great service you provide to your customer, value realization of product lies at the core. They have to be able to earn ROI by using your product and that is possible only when they are deriving value out of it. 6 Using Metrics. 8 Customer retention. 5 Value Realization of Product. Final thoughts.

Customer Success 11

Customer Success Net Promoter Score 2017 Metrics 11