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Customer retention analytics: 5 strategies to reduce churn with data

Thematic

Think customer loyalty programs are all about getting generic discounts, points and rewards? Interestingly, according to a study by Broadway Business , only 32% of respondents are satisfied with their company’s use of analytics to create a competitive advantage. Think again. 5 types of customer retention analytics.

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40 Best Customer Service Books We’d Recommend to Support Operators

ProProfs Chat

It’s not the amount of knowledge you are willing to offer, but the efforts you wish to take to keep your customers satisfied and loyal to your brand. Create better customer loyalty programs. Increase customer satisfaction score. That’s what Simon Sinek discovered when studying these leaders closely.

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What is the Role of AI in Customer Feedback Analysis?

Lumoa

When automated to collect the same sets of data to study growth and behavioral changes over a certain period, the data can lead to helpful insights. Detailed insights: in the age of fierce competition, knowing whether the customer is happy or not is not enough. When the score is good, it generally implies that the business is thriving.

Analysis 208
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Reduce Customer Churn with the Voice of the Customer (VoC)

Thematic

Churn –  lost revenue, tarnished reputation, and wasted effort.  The A Competitive Advantage Companies that actively manage their churn risk demonstrate a commitment to customer experience. Develop a churn risk scoring system that incorporates these findings. The consequence?

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The Right NPS Methodology: Turning NPS Feedback into Action

SurveySensum

Positive Word of Mouth By calculating your NPS score you can easily identify your promoters who are more likely to become brand advocates. Increased Customer Retention By calculating your NPS score, you also find your dissatisfied customers, aka detractors. And in order to do that you need to calculate and understand your NPS score.

NPS 52
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Your Ultimate Guide to Brand Perception

ProProfs Chat

Consider the following research study by Edelman which shows the top reasons why consumers trust a brand. In the next section, let’s delve into some brand perception examples by making use of case studies of well renowned brands. Related Read: Top 10 Strategies for Building Brand Loyalty. Brand Perception Case Studies.

Brands 111
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A Comprehensive Guide to NPS in Retail

SurveySensum

Customer expectations have changed drastically, and businesses need to keep up if they want to stay competitive. One way to do this is by using Net Promoter Score (NPS), a simple and widely used metric that helps businesses measure customer satisfaction, benchmark their performance against competitors, and identify areas for improvement.

NPS 52