Remove 2024 Remove Connections Remove Loyalty Programs
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Reduce Customer Churn to Boost Revenue and Stay Competitive

InMoment XI

It leverages CX integrations to connect and collect feedback from every channel, making it easier to act on. Invest in Customer Loyalty Strong customer loyalty is key to reducing churn. Besides improving customer experiences, you can encourage loyalty with rewards and incentives. Accessed 12/09/2024. Freshworks.

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Top 5 Customer Service & CX Articles for Week of November 4, 2024

ShepHyken

Seven loyalty program types: Pick the perfect fit by Marcus Marius (Dynamic Business) Did you know that companies that invest in loyalty programs report up to a 40% increase in revenue? My Comment: I’ve written many articles about loyalty programs. Connect with Shep on LinkedIn.

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Top 5 Customer Service & CX Articles for Week of October 21, 2024

ShepHyken

Personalization, consistency, fun, trust, and a loyalty program are what helps these brands create customer loyalty. BONUS Why GenAI Is Key To Personalized Customer Experiences (And How Marketers Can Start Using It) by Ab Gaur (Forbes) In 2024, personalization is the marketing strategy. Connect with Shep on LinkedIn.

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Growth vs. Customer Experience: A Dilemma?

ECXO

To all of you celebrating Christmas and Hanukkah , we extend our warmest wishes for joy, connection, and peace. Reward Loyalty What to Do: Create loyalty programs that incentivize repeat purchases. Example Action: Launch a tiered loyalty program with escalating benefits to encourage repeat purchases and referrals.

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Top 5 Customer Service & CX Articles for Week of December 16, 2024

ShepHyken

Loyalty Programs Are GrowingSo Are Customer Expectations by Ed Crouch, Ben Eppler, Lauren Taylor, Christina Mhlenbein, and Elizabeth Hearne (Boston Consulting Group) This article explains that the incentives companies offer in a loyalty program must go beyond points, perks, and cash. Connect with Shep on LinkedIn.

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How Customer Retention Strategies Can Facilitate Business Growth

InMoment XI

While these strategies can vary based on your business model or resources available to your customer experience program, these proven strategies can help any organization reduce customer churn and improve customer retention. 79% of consumers say that loyalty programs caused them to purchase from an organization more frequently.

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Top 5 Customer Service & CX Articles for Week of January 26, 2025

ShepHyken

Consumers Crave More Than Discounts From Loyalty Programs by John Pedini (Forrester) Most global consumers belong to at least one loyalty program, including 90% of online adults in the US, in Europe-5 (88%), and in Australia (93%). Most agree that loyalty programs make them feel more connected to the brand.