InMoment XI

DECEMBER 10, 2024

Losing customers never feels good, especially in a hyper-competitive market. In fact, it costs five times more to acquire new customers than it does to keep an existing one. But, what if you could predict and reduce customer churn to retain customers at risk of leaving you?

2024 195

2024 ROI Net Promoter Score Multi-Channel 195

InMoment XI

OCTOBER 24, 2024

Improved Customer Loyalty Customer engagement platforms increase customer loyalty by making the customer experience engaging and consistent throughout the whole customer journey. Research shows that loyal customers are 64% more likely to make more frequent purchases from your business than regular customers.

Customer Engagement 195

Customer Engagement Engagement E Commerce Omnichannel 195

CSM Magazine

DECEMBER 3, 2024

Tailored Solutions for Real Competitive Advantage The key essence of AI consulting is its focus on customization. Advantages of Customized AI Technology Craft a tailored plan of action: Create an intelligence strategy that’s, in sync, with your business goals. In marketing scenarios, as an example.

Competitive Advantage 52

Competitive Advantage Consulting E Commerce E-support 52

CSM Magazine

DECEMBER 24, 2024

Customer retention is a critical factor in driving long-term financial growth for any business. By focusing on retaining existing customers, companies can build stronger relationships, reduce acquisition costs, and increase lifetime value. Competitive Advantage Customer retention gives businesses a strong competitive edge.

Customer Retention 52

Customer Retention Financial Competitive Advantage Loyalty 52

InMoment XI

SEPTEMBER 12, 2023

In today’s cut-throat market, differentiating your brand is more important than ever. Competitive analysis offers you this lens. This article will walk you through how to conduct an effective competitive analysis, interpret the results, and turn those insights into actionable strategies. Why is this important?

Marketing 195

Marketing Competitive Advantage Return on Investment Poor Customer Service 195

CSM Magazine

NOVEMBER 12, 2024

It’s well-known that keeping an existing customer is far more cost-effective than acquiring a new one. This understanding has pushed customer retention to the forefront in many businesses today. Yet, while companies have embraced new marketing strategies, retention strategies often lag, with many relying on outdated methods.

Customer Retention 59

Customer Retention E Commerce Competitive Advantage Travel 59

eglobalis

OCTOBER 9, 2024

Consider the Broader Market Demand It’s essential to determine whether the feature is a unique request or if it represents a larger trend across multiple customers. On the other hand, if several clients or different market segments are asking for similar features, this could indicate a significant market need that warrants attention.

Feedback 511

Feedback ROI Innovation B2B 511

InMoment XI

FEBRUARY 23, 2024

It’s crucial that brands understand the experiences they provide and whether or not they satisfy the needs of customers, employees, and beyond. Effective market segmentation is critical to that goal. Every business should know the ins and outs of how their marketing, advertising, and sales team measure up.

Marketing 195

Marketing Customer Experience Return on Investment Consumers 195

InMoment XI

OCTOBER 23, 2024

Here are a few reasons why customer experience in banking is an even bigger competitive advantage than ever before: It helps build trust during uncertain times. In a period of financial anxiety, customers are looking for institutions they can trust.

Banking 195

Banking Customer Experience Financial Touchpoint 195

Retently

MARCH 11, 2025

Whether its analyzing product reviews, refining post-purchase experiences, or working with marketing and support teams to resolve issues, their job is to make shopping effortless and enjoyable. But CX isnt just about making things easier its a major competitive advantage. Personalization is another major focus.

Management 115

Management Customer Experience Roadmap NPS 115

Thematic

DECEMBER 5, 2018

Today, it’s more about offering customers something as personalized as possible, so that they feel truly special. So, let’s look at ways to reduce churn with customer retention analytics and why it’s important in the first place. What is customer retention? Why is customer retention important?

Customer Retention 96

Customer Retention Competitive Advantage 2017 2014 96

Experience Investigators by 360Connext

APRIL 23, 2024

The landscape of consumer expectations is constantly evolving, and understanding the value of customer experience has emerged as a cornerstone for businesses aiming to sustain growth and maintain a competitive advantage. And they will be rewarded for that focus on the customer! But, leaders, take a deep breath!

ROI 260

ROI CEM Net Promoter Score Customer Experience 260

CSM Magazine

DECEMBER 17, 2024

Around-the-Clock Accessibility Increases Convenience One advantage that is hard to miss with the 24/7 customer support is that it can be accessed easily. Customers are spread throughout the different time zones in the global market. Loyal customers are more likely to return and even recommend your business to others.

Competitive Advantage 52

Competitive Advantage Customer Retention Customer Satisfaction Loyalty 52

BirdEye

MARCH 6, 2025

For marketers and CMOs, this spells opportunity. Businesses that employ AI chatbots arent only keeping customers happy but also setting themselves up for long-term growth. They are on the leading edge of a change that combines cutting-edge technology like AI with strategic customer engagement to scale efficiently and sustainably.

Customer Engagement 52

Customer Engagement Engagement Marketing Banking 52

InMoment XI

APRIL 9, 2025

Traditional forecasting processes often miss the mark as they dont account for the latest market changes or shifts in consumer preferences. Therefore, businesses must look beyond historical sales data and integrate customer experience insights with their forecasting models for accurate results. It provides a competitive advantage.

Sales 195

Sales Competitive Advantage Omnichannel Social Media 195

Think Customers

APRIL 10, 2025

Why CX Needs to Be Aligned with Business Strategy CX directly impacts revenue Companies with superior CX achieve higher customer lifetime value (CLV) , lower churn , and increased cross-sell and upsell opportunities. reducing churn by 15%, improving customer retention by 10% , increasing customer effort score (CES) by 25% ).

B2B 52

B2B Net Promoter Score Effort Score Financial 52

BlueOcean

OCTOBER 4, 2023

Likewise, we know that offering live agent support for Spanish consumers is a competitive advantage in many markets in the U.S. You’ll want to ask about labor markets, hiring timelines, retention stats and more. and, obviously, for brands serving consumers in Mexico and South America, Spanish is a necessity.

Contact Center 310

Contact Center Customer Care Average Handle Time Consumers 310

Alida

JUNE 23, 2017

With the acquisition, Amazon, one of the most valuable brands in the world, is now officially in the grocery market. Contrary to popular belief, Amazon’s biggest competitive advantage is not innovation. Customer retention in grocery business now more critical than ever.

Retail 153

Retail Competitive Advantage 2013 Customer Centricity 153

InMoment XI

SEPTEMBER 5, 2024

Voice of the Customer (VoC) is the process of gathering information regarding what customers think and feel about their experiences with a business. Understanding customer pain points and desires can guide the development of new products or features that address unmet needs, giving companies a competitive advantage.

Net Promoter Score 195

Net Promoter Score Metrics Voice of Customer Touchpoint 195

ProProfs Chat

FEBRUARY 22, 2019

A Forrester report highlights increasing customer retention by 5% can increase profits by up to 95%. Loyal customers spend about 30% more with brands than new customers. An investment to increase retention by 5% is surely a worthy business investment. Simple formula: Customer Retention = Engagement + Investment.

Customer Retention 82

Customer Retention Engagement Rewards Programs Loyalty Programs 82

InMoment XI

FEBRUARY 14, 2024

Insights and Analytics Omnichannel strategies generate valuable data and insights about customer behavior and preferences across different channels. By analyzing this data, businesses can gain a deeper understanding of their customers and make informed decisions to improve their marketing, sales, and customer service efforts.

Omnichannel 195

Omnichannel Customer Experience Social Media E Commerce 195

CSM Magazine

OCTOBER 30, 2024

Before we jump into funding options, let’s briefly discuss why investing in customer service is essential: Customer Retention : Great customer service leads to increased customer retention, reducing churn rates and increasing lifetime value. Pros: Promotes customer engagement.

Customer Service 52

Customer Service Government Competitive Advantage Financial 52

Alida

FEBRUARY 1, 2017

From Wunderman’s perspective, wantedness is the “degree to which a brand proves its commitment to earning a customer’s business across every touchpoint and throughout the entire path to purchase.”. For example, two-thirds of CMOs are now responsible for customer experience. Making customers happy over and over again.

E-support 159

E-support Competitive Advantage Touchpoint Consumers 159

TechSee

MAY 19, 2021

With these numbers, it’s no surprise that Forrester data shows that over 44% of customer service organizations are already using RPA to help them gain a competitive advantage. view of customers by accumulating data from the various touchpoints that a customer may use to contact a company.

2021 159

2021 Technology Customer Service Competitive Advantage 159

InMoment XI

NOVEMBER 15, 2023

Customer Churn Rate : Customer churn rate quantifies the percentage of customers who stop using a company’s product or service over a specific period, helping businesses gauge customer retention and identify potential issues. Who Needs Customer Experience Analytics?

Insights 243

Insights E Commerce Customer Experience E-support 243

InMoment XI

JULY 23, 2024

As digital transactions become more prevalent, the ecommerce customer experience is critical for its success. Brands that prioritize this aspect of business often find themselves leading the market, while those that neglect it struggle to compete in a crowded landscape. What Are the Benefits of A Good Ecommerce Customer Experience?

E Commerce 195

E Commerce Measurement Customer Experience E-support 195

InMoment XI

DECEMBER 7, 2023

As competition and buyer empowerment compound, customer experience (CX) is proving to be the only truly durable competitive advantage. Customers may then respond on a 5- or 7-point scale, and scores are calculated simply by getting the average of all the collected responses.

Metrics 195

Metrics Net Promoter Score Measurement Customer Experience 195

InMoment XI

FEBRUARY 2, 2024

In the rapidly changing consumer market, the highest customer-rated Integrated CX company, InMoment, took a bold and proactive approach. Studies have shown that companies that engage with customer feedback can see up to a 5-10% increase in customer retention rates.

Hospitality 195

Hospitality Call Center Retail NPS 195

CSM Magazine

FEBRUARY 19, 2025

Whether youre a retail business, SaaS provider, or e-commerce company, selecting the right tools is critical to providing a seamless multilingual support experience for your customers. Scalability for Growing Businesses If your business is growing, your customer service software needs to grow with it.

Customer Service 52

Customer Service Connections E Commerce E-support 52

InMoment XI

JANUARY 2, 2023

Increased competition in nearly every market is leading businesses of all types to search for ways to attract and retain their ideal customers. Customers have unprecedented access to information about products and services. The reward is market success. How Can I Improve Customer Experience?

Net Promoter Score 221

Net Promoter Score NPS Metrics Effort Score 221

Magellan Solutions

AUGUST 18, 2023

Sales optimization is essential for businesses to flourish in a competitive market. Sales optimization enhances customer experiences, fosters brand loyalty, and drives long-term success. AI tools for sales can predict sales performance by analyzing historical data and market trends. It goes beyond attaining targets.

Sales 98

Sales Marketing Multi-Channel Competitive Advantage 98

Kayako

AUGUST 21, 2018

What is customer retention? Simply put, customer retention refers to the strategies and tactics businesses use to encourage repeat purchases and ongoing loyalty from their existing customer base. That’s why customer retention is so vital for businesses of every stripe. Create High-Quality Products.

Customer Retention 49

Customer Retention Loyalty Loyalty Programs Competitive Advantage 49

GetFeedback

OCTOBER 4, 2019

A couple of high ranking individuals come together and brainstorm ideas to overtake their competition with radically improved products and marketing. The one thing that’s usually lacking in these meetings is the customer’s view on what should happen. Think about how decisions are made in most companies.

Competitive Advantage 150

Competitive Advantage Touchpoint NPS Feedback 150

ChurnZero

MARCH 7, 2025

An active digital customer community is a competitive advantage for any B2B SaaS company. Well-managed communities are proven to increase customer retention, provide valuable product insights, expand brand awareness, and improve overall customer satisfaction.

Roadmap 52

Roadmap Competitive Advantage B2B 2024 52

Uniphore

JANUARY 4, 2022

How are you planning to leverage conversations to drive revenue and customer retention? Join us as we explore the technology and strategies needed to accelerate key initiatives, improve customer retention and drive revenue growth in today’s enterprise. Find out at Uniphore Converse 2022 on. Register Now.

2022 126

2022 White Paper Contact Center Innovation 126

InMoment XI

SEPTEMBER 12, 2024

It’s important to keep track of how many customers leave and why they leave so that you can make the right adjustments for future customers and hopefully improve customer retention. That’s why businesses need to keep track of customer churn, which is the metric used to measure how well you are retaining customers.

Social Media 195

Social Media Customers Measurement Metrics 195

SurveySensum

NOVEMBER 1, 2024

Over time, loyal customers keep coming back; you don’t have to spend a fortune to find new customers. Competitive Advantage Customers who stick with your brand support your position in the market and reduce price sensitivity. If these customers see a better offer somewhere else, they may switch.

Loyalty 52

Loyalty Customer Relationships Brands Sales 52