CSM Magazine

JULY 5, 2024

Customer loyalty programs are more than just a way to reward repeat customers—they’re a strategic investment in building long-term relationships and driving consistent revenue. Here, we explore key metrics for assessing loyalty program benefits, leveraging insights from well-known brands.

Loyalty Programs 52

Loyalty Programs Loyalty Measurement Brands 52

ShepHyken

SEPTEMBER 4, 2023

Each week, I read many customer service and customer experience articles from various resources. Elevating Customer Experience: Embracing Hospitality as the Foundation by Charles Ryan Minton (Newsweek) When it comes to providing exceptional customer experiences, few industries excel quite like the hotel business.

Customer Service 67

Customer Service Hospitality Hotels Customer Retention 67

CSM Magazine

JUNE 29, 2020

It’s about customer retention—which can lead to customer loyalty. Loyal customers are important to all businesses regardless of industry or size—large, small, B2B or B2C. It’s easy to measure customer satisfaction at different levels. We find out how they liked our experience. Let’s get started.

Customer Retention 59

Customer Retention Measurement How To B2C 59

ShepHyken

FEBRUARY 25, 2024

Each week, I read many customer service and customer experience articles from various resources. 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. Imagine that!)

Customer Service 62

Customer Service Average Handle Time Net Promoter Score Loyalty Programs 62

CSM Magazine

JUNE 19, 2024

With an eye on boosting customer retention, Verizon is harnessing the power of generative AI. By strategically using AI in real-time customer call analysis, the telecommunication giant aims to prevent 100,000 customers from severing ties. However, the reported churn rate was hovering around 1%.

Loyalty 52

Loyalty Wireless Telecommunications Customer Retention 52

CSM Magazine

JUNE 27, 2023

Having customers that are loyal to your brand is the dream. Studies show that a 5% increase in customer retention can lead to an increase of between 25% and 95% in revenue. It makes sense then that promoting customer loyalty should be on every business’s to-do list. The best way to do this is to go where they are.

Loyalty 52

Loyalty Customer Service Loyalty Programs Customers 52

CSM Magazine

MARCH 24, 2022

In retail, the customer is king. It is common knowledge that the retail industry thrives on positive customer interactions and feedback, so when reviewing the ways in which organizations can grow and remain competitive in their field, it is vital to craft plans that revolve around optimizing the customer experience.

Retail 119

Retail Self Service Customer Experience How To 119

CSM Magazine

JANUARY 25, 2022

If you’re a customer service professional, you know that customers are your lifeblood and livelihood. You likely also know about the traditional methods of gaining and retaining customers. Smart tactics in marketing, advertising, and social networking are all effective ways to attract and keep customers.

Customer Retention 52

Customer Retention How To Guidelines Tips 52

CSM Magazine

MARCH 15, 2023

However, businesses can still plan and position themselves for success by catering to customer needs and following key global e-commerce trends. How mobile apps are reshaping the e-commerce industry Mobile apps are now a fundamental component of retail, as they provide customers with a convenient and engaging way to shop from their phones.

Customer Retention 52

Customer Retention Brands Retail Trends 52

ShepHyken

JUNE 14, 2021

Each week I read many customer service and customer experience articles from various resources. Actual vs. Intended Customer Experience: The Major Disconnect by Tara Sporrer. It’s crucial to close the gap between the understanding of the actual customer service experience and the intended customer experience.

Customer Service 95

Customer Service Retail Loyalty Study 95

Customer Guru

AUGUST 21, 2018

Continuing with our list (in alphabetical order) of customer experience (CX) influencers (experts, consultants, and authors), we are sharing a few names of leaders leaders that every CX enthusiast must follow and take inspiration from. John is an “Ex-Disney Guy” and Customer Experience Coach.

Customer Experience 115

Customer Experience Customer Journeys Consulting Customer Experience Professionals 115

CSM Magazine

AUGUST 31, 2023

An inbound call center is a type of customer service center where agents receive incoming calls from customers who need assistance with a product or service. Inbound call centers are responsible for handling a variety of customer inquiries, such as technical support, billing questions, order processing, and general customer service.

Call Center 52

Call Center Customer Experience Customer Satisfaction Contact Center 52

CSM Magazine

AUGUST 14, 2020

In today’s irregular world you need to make sure your customers are loyal to your brand. Anastasia Tatsenko, Head of Sales and Customer Success at NetHunt CRM explains. In the regular world, obtaining customer loyalty is an important goal for any business to achieve. To retain customers, you need to focus on them.

Loyalty 85

Loyalty Strategy CRM Customer Retention 85

GetFeedback

JUNE 3, 2019

Customer satisfaction questionnaires, also known as Customer Satisfaction Score (CSAT) surveys , keep your customers engaged with your brand, keep them feeling invested in their experience, and keeps them from churning away. According to CMO Magazine customer spend grows alongside trust , after building the relationship.

Customer Satisfaction 170

Customer Satisfaction Survey Trends Effort Score 170

ShepHyken

MARCH 21, 2022

Each week I read many customer service and customer experience articles from various resources. 15 Stats About Post-Covid Customer Service by Blake Morgan. Chief on that list is updating customer service efforts. Our customer service research supports the theme. Here are my top five picks from last week.

Omni-Channel 67

Omni-Channel Customer Service Self Service Retail 67

CSM Magazine

AUGUST 21, 2023

Customer engagement has become one of the most critical success factors for retailers looking to drive sales, loyalty, and overall business growth. However, with the increasing complexity and diversity of today’s retail environment, engaging with customers has become a more challenging task.

Retail 52

Retail Customer Engagement Engagement Social Media 52

CSM Magazine

MAY 15, 2023

Customer experience (CX) in healthcare is how patients perceive their interactions with healthcare providers. A positive approach to improve customer experience assures the company’s growth in terms of revenue and building brand loyalty. This is why fostering brand loyalty in customers is so important.

Healthcare 52

Healthcare Customer Experience Hospitality Self Service 52

CSM Magazine

AUGUST 13, 2024

How has communication changed the way you connect with your customers? Communication technology has transformed the customer experience, focusing more on personalization, quick responses, and smooth interactions. What Is Customer Relationship Management (CRM)?

Management 52

Management Multi-Channel CRM Loyalty Programs 52

One Millimeter Mindset

OCTOBER 8, 2018

The quality of engagement experience is essential for fueling ongoing, high-quality customer experiences. First, the act of engaging customers encourages both customers and sellers to exchange energy with one another. Either way, engagement experiences bias current and future customers, for better or for worse.

Engagement 74

Engagement Customer Experience Sales Customers 74

ShepHyken

MAY 12, 2019

Each week I read a number of customer service and customer experience articles from various resources. Bad Experiences Aren’t Always The Problem for Companies by Mary Drumond. Likewise, negative experiences aren’t a guarantee that customers will leave. Here are my top five picks from last week.

Chatbots 93

Chatbots Loyalty Programs Customer Service Return on Investment 93

CSM Magazine

DECEMBER 7, 2022

This could be anything from new products and services to unique customer experiences. Generative AI can be used for anything from creating auto-generated music or text, to automatically producing models in various fields like customer service, healthcare or finance. Automated customer support. How does Generative AI work?

Customer Experience 52

Customer Experience Customer Retention Trends Analysis 52

CSM Magazine

MARCH 27, 2024

How to keep your players Customer Retention is a set of activities to retain customers within a product or to ensure repeat sales. Customer Retention Rate (CRR) is a metric that demonstrates how well a company retains customers. Customer delight. Customer relationship management.

Customer Retention 52

Customer Retention Loyalty Programs Loyalty Advertising 52

Daniel Group

FEBRUARY 15, 2019

Poor customer service really carries a high cost in many ways. One way is through customers that defect. In an article by Kana Software that appeared in Loyalty Magazine, I was struck by some numbers he quoted. Another study, cited in the same article, reported that the average cost of finding a new customer was $118.16

Customer Experience 40

Customer Experience Poor Customer Service Airlines Insurance 40

Retently

MAY 15, 2024

Have you ever read an online newspaper, blog or magazine only to be asked for your feedback as a reader? Most of us associate customer feedback with, well, customers. Example of NPS Website Visitors Survey From Ecommerce companies and SaaS services to physical product businesses , customer feedback is extremely valuable.

Net Promoter Score 78

Net Promoter Score NPS Effort Score Ecommerce 78

CSM Magazine

APRIL 22, 2020

In our times, no company big or small can survive without a robust online presence and a website converting new customers into loyal ones. Customer experience is the crucial aspect you need to think about as a startup or a solopreneur, from visuals to UX and from blog content to customer support tools.

Loyalty 52

Loyalty e-support How To Multi-Channel 52

CSM Magazine

JANUARY 30, 2024

Spotting Customer-Centric Companies I. In today’s fast-paced marketplace, this vision is a reality for some, and it all centers around the compass of customer service. As consumers, we are not merely transactional entities; we are individuals seeking experiences that resonate with us.

Customer Centricity 111

Customer Centricity Exceptional Customer Service e-support Case Study 111

CSM Magazine

OCTOBER 27, 2023

You know that excellent customer service is the heart of any successful business. Let’s explore why diversifying your abilities can unlock a level of service that truly delights your customers. Consequently, customers feel valued and understood, promoting loyalty and positive word-of-mouth, essential elements for business growth.

Customer Service 64

Customer Service Loyalty Call Center Innovation 64

Currency Alliance

JANUARY 22, 2020

The top loyalty jobs are tough. Every CEO waxes lyrical about the importance of loyalty. Every CFO knows a loyal customer is many times more profitable than others. Rewards programs have not, historically, earned consistent loyalty across all customer segments. Points alone don’t earn much loyalty.

Loyalty 40

Loyalty Brands Loyalty Programs Rewards Programs 40

One Millimeter Mindset

OCTOBER 22, 2018

Customer disloyalty happens. When we fail to meet customer requirements after we initially attract and win their business. When customers become disenchanted, their loyalty is jeopardized. The next step is customer defection. Each with their own, branded customer loyalty program.

Loyalty Programs 67

Loyalty Programs Leadership Loyalty Travel 67

CSM Magazine

SEPTEMBER 4, 2019

The only way to make this happen is to continuously convert prospects into customers or secure the loyalty of existing customers that repeatedly avail the business’ products or services. Here are four reasons why: It gets 5 times more expensive to bring in new customers than it is to encourage repeat purchases.

Loyalty 55

Loyalty Loyalty Programs Social Media Advertising 55

ShepHyken

NOVEMBER 29, 2021

Each week I read many customer service and customer experience articles from various resources. Increase Employee Retention With These 4 Tips by David Finkel. Magazine) Employee turnover is always a stressful situation. 5 Smart Strategies That Help Avoid Losing Loyal Customers by Natalya Bucuy.

Customer Service 85

Customer Service Chatbots Retail B2C 85

CSM Magazine

DECEMBER 13, 2023

Customer service, often seen as the heart of a business, is the assistance and advice provided by a company to those people who buy or use its products or services. It operates as a key touchpoint between a business and its customers – a platform where relationships are built, trust is established, and loyalty is earned.

Customer Service Strategies 52

Customer Service Strategies Self Service Trends Strategy 52

CSM Magazine

JUNE 16, 2023

When it comes to the reasons people choose, and in many cases show great loyalty to a company, they are myriad. Loyalty is an important buzz word for companies looking to ensure their revenue streams and expand their offerings, so nurturing that is a priority.

Consumers 52

Consumers Customer Service Customer Service Representative Customer Retention 52

ShepHyken

MAY 15, 2017

Each week I read a number of customer service and experience articles from various online resources. And, to celebrate the occasion, here is an excellent article from D Magazine that takes us through some of the Southwest history. 3 Hacks to Boost Client Loyalty and Growth by Josh Linkner.

Customer Service 69

Customer Service Airlines eBook Loyalty 69

BirdEye

MAY 15, 2023

Do you want to create an engaging and memorable customer experience? But creating such a plan isn’t easy — it requires knowledge of marketing techniques, research into customer behavior, and understanding how people interact with brands. Then look for ways to communicate those features with your customers in an engaging way.

Brands 92

Brands Strategy Social Media Communication 92

CSM Magazine

JUNE 22, 2023

In recent years, the importance of effective customer service strategies has become increasingly evident for businesses across various sectors. One aspect of a customer service strategy is to leverage data to create personalized experiences, streamline processes, and improve overall customer satisfaction.

Customer Service Strategies 52

Customer Service Strategies Strategy Customer Service Social Media 52

CSM Magazine

FEBRUARY 24, 2023

Customer service is a vital component of any successful business. The way a business deals with its customers can determine whether it thrives or fails. Providing exceptional customer service is critical in building long-term relationships with customers and gaining their loyalty.

Self Service 52

Self Service Customer Service Exceptional Customer Service Multi-Channel 52