Remove Brands Remove Customer Retention Remove Poor Customer Service
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40 Customer Retention Statistics You Need to Know

GetFeedback

Learn about the top two customer surveys for predicting and increasing customer retention. Anytime a customer cuts ties, you experience the negative impact of customer churn. Here are 40 customer retention statistics that reinforce the growing need for customer experience management.

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The True Cost of Losing a Customer

BlueOcean

Listen to the audio via our podcast here: One negative customer experience may seem like a drop in the ocean of all your shopper interactions, but it’s never that simple. While companies are increasingly tracking customer lifetime value (LTV), the accuracy of the key metric still often falls short.

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How to Increase Customer Retention: 15 Proven Strategies That Work

InteractionMetrics

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.

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The True Cost of Losing a Customer

BlueOcean

One negative customer experience may seem like a drop in the ocean of all your customer interactions, but it’s never that simple. According to research, only 42% of companies are able to accurately measure lifetime customer value. The Cost of Customer Retention vs Acquisition.

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What a Customer First Strategy Means Post Pandemic

C3Centricity

But most of them were only giving lip service to customer-centricity and very few were actually going beyond voicing their opinions. This is no longer possible as customers are sharing their experiences of companies and brands far more than just six months ago. RightNow Customer Experience Impact Report.

Strategy 296
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The 7 Sins of Customer Experience

ECXO

The seventh and final sin is not measuring customer satisfaction as well as other KPIs that reflect the customer’s health and life with the brand, along not having a VoC program means missing out on valuable insights. When customers feel unheard or undervalued, they are likely to take their business elsewhere.

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The cost of NOT focussing on Customer Experience

ijgolding

Only last week, research from Ombudsmen Services in the UK found that 79% of people will avoid a brand or company if they have received poor service in the past – this is not new news. Only today, UK house builder, Bovis Homes saw their shares plunge as customer service failings dragged down their profits in 2016.