Remove Customer Engagement Remove Customer Retention Remove Lifetime Customer
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5 SaaS Renewal Process Best Practices for Customer Retention

Totango

With a focus on lifetime customer success rather than on quick revenue raising, you can turn your renewal process into a celebration of an ongoing partnership. It’s a customer-centered approach that reflects the broader economy we currently operate under, one where the customer expects individualized treatment.

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Customer Engagement Strategies: How to Live Happily Ever After with Customers

LiveChat

So, what do you do to keep your customers engaged over the years ? Customer engagement strategies. Customer engagement is the process of actively nurturing and managing relationships with customers. Numbers lower than 9 indicate that you need to work on their satisfaction and engagement.

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Measuring ROI of Customer Centricity-Changes in Customer Value

CCO Council

In my previous post I described the historical retrospective approach whereby incremental per-customer or per–segment revenue gains are correlated with increasing loyalty and engagement. Expected change in customer value is another valuable means of demonstrating ROI.

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6 Customer Onboarding Strategies Your Success Team Must Implement

Totango

This could be accomplished by sending out a satisfaction survey or using software to remind your team to reach out to customers on a regular basis. The right customer engagement platform can make checking in with customers easier and more effective than trying to manage this ongoing process manually or with inadequate software.

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The Evolving Chief Customer Officer: Identifying Value, Authority, Scope, Responsibilities, and Strategic Direction Within the Enterprise

Beyond Philosophy

Today, businesses are able to measure their activities, impact of customer experiences, and customer relationship with unprecedented precision. Further, the CCO’s operating parameters will include the complete span of a customer’s life.

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Recurring Revenue: A Beginners Guide

SmartKarrot

This can continue for years or decades, during which the business generates a significant amount of revenue from that customer. This is why customer retention is so important to businesses based on a recurring revenue business model. The benefits of this model extend to both the customer and the business.

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How to live happily ever after with your customers

LiveChat

So, what do you do to keep your customers engaged over the years ? Truly know your customers and tailor communication. “If If customers are the lifeblood of a business, then the database is its heart. Pizza Hut noted a 38 percent improvement in customer retention rate.

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