InteractionMetrics

MARCH 27, 2025

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.

Customer Retention 52

Customer Retention Strategy How To Net Promoter Score 52

Lumoa

NOVEMBER 17, 2022

The evolution of customer experience in e-commerce has grown exponentially since the pandemic making customer experience more important than ever. Customers search for easy shopping solutions on clear, engaging websites. Customer Experience in E-commerce Trend Predictions for 2023. trillion by 2025.

e-support 195

e-support Customer Experience Social Media Chatbots 195

Joe Rawlinson

MAY 31, 2017

Take a look at your most loyal customers. Forbes reports that most businesses find 20 percent of their most loyal customers actually make up 80 percent of their sales. Studies also back up the idea that retaining customers can positively impact your bottom line. But which customer retention strategies actually work?

Customer Retention 98

Customer Retention Omni-Channel Strategy CRM 98

Method:CRM

AUGUST 25, 2020

This infographic shares the many benefits of customer retention for small businesses. Why customer retention is key to small business success. The benefits of customer retention. 80% of small business revenue will come from just 20% of customers. Repeat customers spend 67% more than new ones.

Infographics 85

Infographics Customer Retention Poor Customer Service Customers 85

C3Centricity

AUGUST 17, 2020

Denyse Drummond-Dunn · What a customer first strategy means today. But with people having changed their purchasing habits and perspectives due to lockdown, this seems the perfect time to reconsider your customer-first strategy. A customer-first strategy is not so hard. Just think customer first in everything you do.

Strategy 296

Strategy Customer Centricity Social Media Analysis 296

TechSee

OCTOBER 2, 2019

The days of long-term customer brand loyalty to brands are over. Today, consumer stickiness is far more dependent upon people’s specific experiences and the level of service they receive. This indicates a clear opportunity for companies to recognize any shortcomings and take corrective action before the customer defects.

Survey 164

Survey Customer Service Social Media Telecommunications 164

GetFeedback

AUGUST 14, 2019

Let’s talk about customer satisfaction. . In customer experience (CX) terms, we often dismiss Customer Satisfaction Score (CSAT) measurement as too simple. But I see a place for Customer Satisfaction Score (CSAT), based on organizational goals, resources, and structure. Can CSAT improve customer experience? .

Metrics 273

Metrics Customer Journeys How To Customer Satisfaction 273

BlueOcean

OCTOBER 21, 2024

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 its never that simple. TL;DR: With every customer loss, you’re missing out on prospects and falling short of your lifetime customer value potential. Too tired to read?

Lifetime Customer 156

Lifetime Customer Poor Customer Service Social Media Customer Retention 156

C3Centricity

DECEMBER 3, 2018

Every few days there seems to be another customer service disaster that fills the newspapers and goes viral on social media. These usually happen when an organisation does not adopt a customer first strategy. Almost every single organisation, big or small, recognises the importance of their customers. Source: CEI Survey).

Strategy 218

Strategy Poor Customer Service Social Media Analysis 218

Kristina Evey

NOVEMBER 13, 2014

The POSITIVE Impact of Customer Service… I typically let you know how much poor customer service is COSTING your company. So, here’s the low down… 70% of customers cite the MAIN reason they stop doing business with a company is ONLY because of how they were treated. – McKinsey.

Customer Service 159

Customer Service Poor Customer Service Customer Service Training Customers 159

InMoment XI

SEPTEMBER 12, 2023

The Importance of CRM Databases in Competitive Analysis Customer Relationship Management (CRM) databases are essential tools for storing and tracking customer information, interactions, and sales history. Could your company fill this void with exceptional customer service and thereby win over disenchanted consumers?

Analysis 195

Analysis Marketing Competitive Advantage Analytics 195

NobelBiz

OCTOBER 24, 2023

Both the customer experience map and the journey map are essential tools for businesses aiming to understand and improve the interactions their customers have with their brand. What is a Customer Experience Map? Social media engagement for customer feedback. Loyalty program enrollment for customer retention.

Customer Journeys 104

Customer Journeys Customer Experience Contact Center Touchpoint 104

Lumoa

JUNE 14, 2023

You’ve designed your NPS survey and emailed it to all your customers—and the results are in… but not those you were expecting. When it comes to gauging customer sentiment and loyalty, few metrics enjoy such widespread acclaim as the Net Promoter Score (NPS). Does it spell doom for your business? Think about it.

NPS 195

NPS Effort Score Customer Centricity Loyalty 195

InMoment XI

JULY 18, 2024

What Is Customer Feedback? Customer feedback can take many forms, but it is defined as any information from customers about their experience with a product or service from a specific company. This can include the customer’s opinions, complaints, suggestions, and compliments.

Feedback 221

Feedback Customer Journeys Net Promoter Score Social Media 221

Lumoa

JANUARY 2, 2022

“ Your most unhappy customers are your greatest source of learning. Bill Gates No matter what industry you’re in or how excellent your products or services are, you’ll always have unsatisfied customers. But customer dissatisfaction doesn’t have to damage your business. and give a rating between 0 and 10.

NPS 195

NPS Net Promoter Score How To Social Media 195

ShepHyken

JULY 26, 2021

Each week I read many customer service and customer experience articles from various resources. Negative Employee Experiences Can Translate Into Poor Customer Service, Report Says by Emilie Shumway. (HR How to Build Customer Loyalty with a Thank You Page by Thomas Griffin.

Customer Service 108

Customer Service Contact Center Customer Retention Poor Customer Service 108

Talkdesk

AUGUST 8, 2016

Every good business leader knows that poor customer service is to be avoided. It is in the best interest of every company to treat their customers well. After all, it’s the customers who ultimately have power in the relationship. Many companies think about customer service from the business perspective.

Poor Customer Service 40

Poor Customer Service Customer Service eBook Social Media 40

TechSee

AUGUST 16, 2022

TechSee’s new research explores the impact of the pandemic on customer loyalty across the customer service industry. adults, shows that more than one in three US customers lack brand loyalty, with 38% of respondents stating they did not feel any loyalty to the brand and switched to a competitor after being approached.

Loyalty 109

Loyalty Data Poor Customer Service Omni-Channel 109

CSM Magazine

JANUARY 9, 2025

The iGaming industry thrives on its ability to offer immersive experiences, seamless gameplay, and unmatched entertainment. However, what sets one platform apart from another often boils down to customer service. In a highly competitive market, exceptional customer support becomes not just a feature but a necessity.

Customer Service 52

Customer Service Entertainment Poor Customer Service Loyalty 52

InMoment XI

SEPTEMBER 12, 2024

It’s important to keep track of how many customers leave and why they leave so that you can make the right adjustments for future customers and hopefully improve customer retention. That’s why businesses need to keep track of customer churn, which is the metric used to measure how well you are retaining customers.

Analysis 195

Analysis Social Media Measurement Customers 195

Vonage

DECEMBER 8, 2016

In today’s digital world, customer expectations have never been higher – and neither has the number of them who are prepared to jump ship if your business doesn’t meet them. According to a study by NewVoiceMedia, US businesses are losing $62 billion per year, as a result of poor customer service.

Contact Center 120

Contact Center Poor Customer Service Social Media Call Center 120

SurveySensum

MARCH 10, 2023

Losing customers due to poor customer service can be detrimental to your company’s success. According to Zendesk , a shocking 82% of customers stop doing business with a company after receiving terrible customer service. But how does NPS help retain your customers? Let’s get started.

Customer Retention 52

Customer Retention NPS Survey Net Promoter Score 52

Interactions

MAY 15, 2024

Did you know that 89% of customers switch to a competitor after a single instance of poor customer service(1)? That’s because no one wants to do business with an organization that treats customers poorly. At Interactions LLC, our goal is to make every interaction ‘craveable’ for your customers.

Customer Experience 62

Customer Experience Self Service Chatbots Interaction 62

Retently

MARCH 10, 2022

It’s that awful, nasty, revenue-crushing word that every SaaS company has to deal with at some point in their customer lifecycle. Some companies experience a massive churn rate and have to fight for every customer. Customer Success and Churn. Are you losing customers due to poor performance in one of these key areas?

Self Service 147

Self Service Poor Customer Service e-support Customer Success 147

Wootric CX Blog

JUNE 19, 2019

As a customer, how many times have you waited to get in touch with a customer support agent on the phone, listening to a monotonous tune or promotions on loop, only to get frustrated and hang up without receiving any response to your query? . According to Gartner , 89% of businesses compete mostly on the basis of customer experience.

Self Service 82

Self Service Customer Experience Chatbots Poor Customer Service 82

Kayako

MARCH 14, 2022

The industry has the fourth-highest churn rate, after cable, financial, and general retail, meaning that 21% of new Telecom customers will stay less than a year with the same Telecom provider. The cost of acquiring new customers is up to 25 times higher than retaining them. We know that customers hate to wait.

Net Promoter Score 156

Net Promoter Score Company Customer Service Social Media 156

Magellan Solutions

MARCH 23, 2021

For small to medium businesses, relating to customers is a vital part of a business strategy. When your business grows, so is the number of your customers. Longer on-hold time, unanswered queries, or lack of manpower to answer customer calls. These are major turn off for any customers. Call center services.

Call Center 52

Call Center Customer Retention Healthcare Poor Customer Service 52

Stella Connect

DECEMBER 15, 2021

It’s time for these types of frustrating customer experiences to become a thing of the past. Brands that don’t risk significant customer churn. Get a sneak peek of the insights below to find out the top customer support trends every business needs to know for the new year and beyond. .

Trends 75

Trends Poor Customer Service Consumers Social Media 75

ShepHyken

MAY 30, 2022

Each week I read many customer service and customer experience articles from various resources. CustomerThink) Considering the cost of attracting new customers ­– one estimate is seven times more than keeping existing ones – many companies would do better to focus on retaining their engaged enrollees.

Customer Service 14

Customer Service Rewards Programs Poor Customer Service Self Service 14

Vonage

SEPTEMBER 20, 2016

The customer/company relationship is just that, a relationship. On one hand, customers want to feel that they have a close, unique, real relationship with your brand. When a customer calls, they’re most often looking for help and want the quickest resolution to their problem with as little friction as possible.

Omni-Channel 120

Omni-Channel Self Service Infographics Poor Customer Service 120

UJET

FEBRUARY 15, 2018

In 2017, we saw some of today's biggest companies face major customer support challenges, most of which could have been avoided had they implemented the right technologies and processes.

Poor Customer Service 77

Poor Customer Service Customer Retention Customers Technology 77

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 97

Chatbots Loyalty Programs Customer Service Return on Investment 97

Ecrion

JULY 22, 2019

Every year, businesses lose over $75 billion in potential revenue thanks to one thing: poor customer service. And while studies show that about 1 out of every 26 customers complain about poor customer service, over 90% of those dissatisfied customers simply stop working with your business — and never come back.

Customer Service Training 78

Customer Service Training Training Customer Service Customer Journeys 78

Retently

JULY 25, 2018

Companies that provide poor customer service can lose up to $75 billion – all because their clients don’t get the satisfaction and experience they want, which is usually because no company department is assigned to manage this business aspect. Customers Are More Than a Source of Income. “It

CEM 74

CEM Customer Experience Social Media NPS 74

Customer Guru

JUNE 19, 2018

The leaders of Starbucks , the world’s favorite coffeehouse chain, have often encouraged their customers to consider the outlets to be a “third place” – a place where people spend their time outside of homes and offices: a perfect hangout spot. All this for a waiting time of a paltry two minutes! Source: Youtube.

Policies 89

Policies Video Poor Customer Service Customer Retention 89

ECXO

JANUARY 30, 2024

The emotions in CX Emotions have a pivotal role in the customer experience and can significantly impact customer loyalty and repeat purchases. This can be better understood by dissecting the customer journey into two main components: the functional and the emotional. This is what the famous NPS attempts to measure.

Rewards Programs 156

Rewards Programs Loyalty Brands Connections 156

delighted

APRIL 26, 2019

Think of the shopping, dining or travel experiences you enjoyed most. They were associated with an experience that, as a whole, was pleasing and memorable. Every interaction between a customer and your brand defines the customer experience. What is a customer experience metric?

Metrics 66

Metrics Brands Net Promoter Score Customer Experience 66