InMoment XI

NOVEMBER 22, 2024

Retention Rate Retention rate tracks the percentage of customers who renew their subscriptions to your product over a specific period. It highlights the effectiveness of your customer retention and satisfaction efforts. 35 customer experience statistics to know for 2024 ( [link] ). Sources Zendesk.

Tools 195

Tools Feedback Effort Score Net Promoter Score 195

InMoment XI

NOVEMBER 7, 2024

Automated Alerts Automated alerts notify teams of important events or issues as they happen, such as a high-value customer showing signs of customer churn. These alerts help teams respond proactively to minimize negative customer experiences and improve customer retention. Accessed 10/29/2024.

Customer Experience 195

Customer Experience Customer Journeys CRM e-support 195

eglobalis

JULY 31, 2024

Telstra (Australia, APAC) Telstra leverages social media management tools to monitor customer sentiment and engage proactively. These tools help in addressing customer issues promptly and maintaining a positive brand image, which is crucial for customer retention.

Customer Experience 425

Customer Experience Social Media Analytics Chatbots 425

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. Oct 08, 2024). Sept 16, 2024).

B2B 339

B2B Customer Journeys How To Effort Score 339

InMoment XI

OCTOBER 23, 2024

For instance, First National Bank partnered with InMoment to better analyze data across all touchpoints using a custom text analytics model. The insights provided opportunities for enhancing customer retention and satisfaction. Accessed 10/14/2024. 35 customer experience statistics to know for 2024 ( [link] ).

Banking 195

Banking Customer Experience Effort Score Financial 195

InMoment XI

NOVEMBER 18, 2024

By understanding customer motivations, your business can make decisions that lead to higher customer satisfaction , loyalty, and profitability. Improved Customer Retention It is no secret that retaining customers is more cost-effective than acquiring new ones. Accessed 11/13/2024. References HubSpot.

Analysis 195

Analysis Customer Journeys Social Media Analytics 195

Gainsight

JANUARY 21, 2025

We surveyed companies across industries for the CS Index 2024 , and we noticed a few trends for EMEA that we think will dictate strategies in 2025 in the region. For CS teams, that puts a premium on the high-value engagements that serve each customer and drive measurable results for the business. What does that tell us?

Customer Retention 52

Customer Retention Customer Relationship Management Trends Customer Success 52

Retently

MAY 9, 2024

Boosting your B2B customer retention rates is incredibly important for nurturing a sustainable business. It’s a thrill to land a new customer, no doubt. Many companies get caught in this cycle because they prioritize new customer acquisition so heavily that they overlook how many customers they’re losing along the way.

Customer Retention 119

Customer Retention B2B Customer Journeys Loyalty Programs 119

Gainsight

NOVEMBER 18, 2024

Community offers customers a self-service hub and allows organizations to tap into the wisdom of the crowd, as peers collaboratively solve problems and discover new use cases and features. Takeaway 3: Customer Retention Is Heavily Impacted by Community Customer retention is one of the biggest drivers of any company’s bottom line.

Self Service 40

Self Service Customer Retention B2B Report 40

Adrian Swinscoe

NOVEMBER 13, 2024

I’ve followed HubSpot’s progress over the years from them pioneering the inbound marketing space over 15 years ago to where they are now a provider of […] The post Unlocking Growth: Key Insights from HubSpot’s GROW Europe 2024 Event first appeared on Adrian Swinscoe.

Marketing 64

Marketing Customer Journeys Customer Centricity Customer Retention 64

eglobalis

DECEMBER 4, 2024

In 2024, a bold and controversial claim suggested that customer experience (CX) would become irrelevant by 2030. Example: Oracles Customer Success Services ensure that enterprise clients achieve measurable outcomes with Oracle Cloud solutions. This human-led initiative strengthens customer retention and drives revenue growth.

B2B 414

B2B Culture Government Innovation 414

ShepHyken

JANUARY 12, 2025

Beyond the First Purchase: How AI Is Transforming Customer Retention Strategies by Erik Huberman (Grit Daily News) Diving deeper into the transformational role of AI in customer retention, were not just witnessing a shift. Were at the forefront of a revolution that redefines the very essence of customer relationships.

Customer Service 73

Customer Service Customer Retention Call Center Sales 73

InMoment XI

OCTOBER 4, 2024

Here is how customer experience management helps make that possible for you: It enhances customer retention and loyalty. 83% of customers agree that they feel more loyal to brands that listen to their concerns and resolve their pain points. It increases revenue by bringing more sales from existing customers.

Customer Experience Management 195

Customer Experience Management Customer Experience Management ROI 195

InMoment XI

SEPTEMBER 17, 2024

Some of the benefits include: Improved Customer Experience: Understanding the customer journey will give your customers a better end-to-end customer experience, which will result in increased customer satisfaction. A key part of the customer journey is retaining the customer for future purchases.

Customer Journeys 195

Customer Journeys Net Promoter Score Self Service Touchpoint 195

InMoment XI

AUGUST 9, 2024

It might be because organizations that focus on the customer experience are 60% more profitable than those that don’t, or it might be because you are interested in improving customer retention, satisfaction, or lifetime value. 32 CUSTOMER EXPERIENCE STATISTICS YOU NEED TO KNOW FOR 2024. link] Accessed 7/26/2024.

Customer Experience 221

Customer Experience Customer Journeys Effort Score Net Promoter Score 221

ShepHyken

JANUARY 3, 2024

What’s 2024 going to be like? I recently wrote two articles in my weekly Forbes column with my top predictions and trends for customer service and customer experience. Here are my top predictions for 2024. So, here are my top predictions for 2024. Our customers are smarter than they were last year (again).

Trends 100

Trends Customer Service Customer Service Training Customer Retention 100

Kayako

AUGUST 12, 2022

eMarketer estimates that by 2024 almost 20% of total retail sales will be via eCommerce, and that estimate does not include travel and event ticketing or restaurant food delivery. The challenge for brands is ensuring that customer relationship management doesn’t suffer as online spending becomes the norm.

Customer Service 292

Customer Service Ecommerce Effort Score e-support 292

DCX

SEPTEMBER 29, 2024

-Mark Free Access to this week’s Premium DCX Links Edition is Courtesy of Frost & Sullivan Executive MindXchange October 20-23, Frost & Sullivan’s Customer Contact West 2024 is hitting Tucson, AZ, bringing together CX leaders for some real talk and genuine connections.

e-support 86

e-support Customer Centricity Apparel Leadership 86

ShepHyken

JUNE 30, 2024

How you’ve “always done it” may not meet the modern customer’s expectations. Second, supercharging customer touchpoints is looking at every customer interaction and maximizing the opportunity to create an experience that makes customers say, “I’ll be back.”

Customer Service 82

Customer Service Retail Customer Retention Loyalty 82

SurveySparrow

FEBRUARY 22, 2024

Customer retention is one of the crucial aspects of business. Since it’s plain as sky that it’s harder to acquire a new customer than to retain one, most companies go retention. Now, the next hurdle is finding the apt tool or software to help with retention. And that’s probably why you are here, right?

Customer Retention 52

Customer Retention Software Gamification e-support 52

SurveySensum

OCTOBER 31, 2024

It not only fosters customer loyalty but builds trust among customers, both present and future. Boosts Business Growth and Profit A 5% increase in customer retention can result in a 25% increase in profit and the Pareto Principle states that 80% of your profit comes from 20% of your customer base.

Customer Engagement 52

Customer Engagement Engagement Social Media ROI 52

Optimove

JULY 31, 2024

Take your customer segmentation to the next level with our advanced guide Download Now Why it Matters: In this blog post, gain insights from expert marketers about five pillars to create effective strategies that boost customer retention.

Customer Retention 59

Customer Retention Marketing Sports Entertainment 59

Optimove

JANUARY 6, 2025

Higher Spend: Repeat customers spend 23% more per order than one-time buyers. Effective Strategies: Personalization, seamless post-purchase, loyalty programs, and omnichannel marketing drive customer retention. The difference is likely to be driven by product category (e.g.,

Fashion 59

Fashion Gamification Omni-Channel Loyalty Programs 59

ShepHyken

JANUARY 7, 2024

Deloitte Shares Loyalty Trends and Best Practices for 2024 by Alicia Esposito (Retail TouchPoints) To drive customer retention and loyalty, most brands and retailers continue to rely on purchase discounts (77%) and loyalty program points (61%), according to Retail TouchPoints research. I agree with the title.

Customer Service 71

Customer Service Loyalty Programs Contact Center Financial 71

Gainsight

JANUARY 10, 2025

AI: From Experimentation to Essential For years, AI in Customer Success was experimental. However, the 2024 CS Index revealed that AI has become essential. Findings show that organizations increasingly prioritize Gross Revenue Retention (GRR) as a key performance metric, with 55% of companies using GRR as a top measurement.

Trends 52

Trends Report Self Service B2B 52

CSM Magazine

SEPTEMBER 4, 2024

In the last four years, expectations for CX have been turned on their head as the pandemic and the urgent need to provide CX services remotely forced customer support teams to rethink how they interact with and provide value to customers. Customer retention is the no.1

Customer Retention 52

Customer Retention Chatbots Social Media Customers 52

Totango

MAY 7, 2024

So, you need a revenue model that fosters long-term customer retention and high expansion rates. If you’re ready to drive measurable growth from your customer base, we’d love to talk to you. Strategy #3: Share revenue responsibility and success metrics There’s been a major shift in the B2B space over the past few years.

Sports 103

Sports Sales Strategy Net Promoter Score 103

Optimove

MARCH 26, 2024

Take the next step with our CRM marketer evolution curve Download Now Why it Matters: Optimove Connect 2024 served as more than just a conference; it was a place for inspiration, collaboration, and transformation in the realm of marketing. Optimove’s Rony Vexelman closes Connect 2024 with an invitation to Connect again in 2025.

Connections 64

Connections CRM Conference Touchpoint 64

Adrian Swinscoe

FEBRUARY 5, 2024

For the last five years, around this time, I’ve compiled a set of customer experience-related predictions for the coming year. For each article, I gather together […] The post 15 Customer experience predictions for 2024 first appeared on Adrian Swinscoe.

Customer Experience 64

Customer Experience Customers Employee Engagement Customer Retention 64

BlueOcean

AUGUST 19, 2024

For publicly traded companies, improving the customer experience also leads to an 7-10% average increase in shareholder returns. Forrester ’s 2024 US Customer Experience Index comes to the same conclusion: there is a clear connection between customer satisfaction and growth.

Self Service 156

Self Service Contact Center Average Handle Time Customer Satisfaction 156

BlueOcean

AUGUST 19, 2024

For publicly traded companies, improving the customer experience also leads to an 7-10% average increase in shareholder returns. Forrester ’s 2024 US Customer Experience Index comes to the same conclusion: there is a clear connection between customer satisfaction and growth.

Self Service 156

Self Service Contact Center Average Handle Time Customer Satisfaction 156

ShepHyken

JANUARY 28, 2024

These companies “achieve 37% more effective new logo acquisition, 23% more effective account penetration, 22% more effective customer retention, and 13% higher earnings before interest, taxes, depreciation, and amortization (EBITDA) margins.” The numbers make the case. CX doesn’t cost. Find out what we had to say!

Customer Service 71

Customer Service Customer Journeys Trends Study 71

ChurnZero

MARCH 14, 2025

These adages have been around for years now, so it really should come as no surprise that as customer success teams have shifted away from customer satisfaction and towards driving growth, more and more CS teams are rolling up to the CRO (chief revenue officer). 5: How do you capture the value that customer success brings to sales?

Customer Success 52

Customer Success Case Study Sales Customers 52

Kayako

APRIL 1, 2022

The border between online and brick-and-mortar is merging, as click-and-collect purchases (where customers purchase online and pick up the item in person) will reach $140.96 billion in sales by 2024. The trend to remote working is causing a sustained increase in eCommerce.

Ecommerce 225

Ecommerce Customer Satisfaction Trends Omni-Channel 225

ShepHyken

FEBRUARY 25, 2024

4 Reasons Why Your Customer Service Is About to Get a Whole Lot Better in 2024 by Mike Murchison (Entrepreneur) When it comes to AI and customer service, we’re going to see a virtuous cycle in 2024. This has a nice description of how AI will make customer service better. Thank you, Replicant, for this honor!

Customer Service 65

Customer Service Average Handle Time Net Promoter Score Loyalty Programs 65

customer sure

JANUARY 20, 2025

Building Customer-Centric Cultures If 2024 was a year when the importance of customer experience gained ground, then 2025 is the year when people understand that its not something you can bolt on, or delegate to a separate team. According to Gartner, proactive service solutions will significantly improve customer retention.

Trends 62

Trends Net Promoter Score Analysis ROI 62

InMoment XI

DECEMBER 7, 2023

Organizations that consistently keep an eye on this customer experience KPI are also better at predicting if and when a customer is at risk of churning so that they can take the next step and close the loop with at-risk customers. 32 Customer Experience Statistics You Need to Know for 2024 ( [link] ).

Metrics 195

Metrics Net Promoter Score Measurement Customer Experience 195