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TL;DR: With every customer loss, you’re missing out on prospects and falling short of your lifetimecustomer value potential. It’s worth mentioning that many customer relationships can be saved even after a bad experience with the actual product or service, particularly if they choose to contact a customer service rep.
But if that interaction also results in a negative experience, the customer support experience can become the straw that breaks the camel’s back. Calculating LifetimeCustomer Value. Obviously, the cost of losing a customer isn’t as simple as the loss of one particular sale or the associated make-good.
Well, in a B2B customer success model, measuring renewal rates holds your outsourced partner accountable to targets that are tied to revenue and retention. Total Value Returned Rate is a key metric that also has to be tied to customerretention. Are Your Customers Happy? How do those NPS and CSAT scores look?
TL;DR: With every customer loss, you’re missing out on prospects and falling short of your lifetimecustomer value potential. Its worth mentioning that many customer relationships can be saved even after a bad experience with the actual product or service, particularly if they choose to contact a customer service rep.
Brenda Lynn Dichoso – Head of Customer Experience Performance Management at PT Smartfren Telecom. Brenda Lynn Dichoso is a customer experience executive with direct vertical market experience in designing, implementing, and managing complex customercare operations in a telecom set-up. LinkedIn : [link].
Finding Bilingual Support That Suits Your Customers Best We’re an onshore Canadian contact center outsourcer and pride ourselves on delivering sophisticated (bilingual) customercare through strategic partnership. It’s our thing. So, of course, we’re biased.
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