Thematic

DECEMBER 5, 2018

Think customer loyalty programs are all about getting generic discounts, points and rewards? Today, it’s more about offering customers something as personalized as possible, so that they feel truly special. What is customer retention? Why is customer retention important? Think again.

Customer Retention 96

Customer Retention Analytics Data Strategy 96

Lumoa

FEBRUARY 9, 2023

Customer Engagement Customer engagement is a term used to refer to customer interactions with a company, product, or service. In the context of customer experience, customer engagement is an essential element in creating strong customer relationships and customer loyalty.

Net Promoter Score 417

Net Promoter Score Customer Journeys Customer Experience Omni-Channel 417

Happy or Not

DECEMBER 17, 2024

A clear understanding of these objectives helps your customer success team focus on what needs to be achieved and what metrics to track. Customer retention and customer loyalty are crucial indicators of a successful voice of the customer program, and customer loyalty program examples can further demonstrate their impact.

Loyalty Programs 36

Loyalty Programs Social Media Net Promoter Score Effort Score 36

Optimove

JUNE 22, 2020

Using loyalty data to power customer retention and reactivation. This is just one methodology ( with three more to download ) that demonstrates how marketers can easily use Optimove to discover customer insights, test their hypotheses, and optimize their CRM campaigns.

Customer Retention 52

Customer Retention Loyalty Data Loyalty Programs 52

SurveySensum

DECEMBER 22, 2022

And that’s why 82% of companies say that retaining a customer is less expensive than acquiring a new one. That’s why focusing on customer retention is important and a lucrative VOC program helps you achieve it. . Let’s deep dive into this and understand how you can use the VOC program to improve customer retention.

Customer Retention 52

Customer Retention Customer Success Loyalty Programs Social Media 52

SurveySparrow

FEBRUARY 22, 2024

Customer retention is one of the crucial aspects of business. Since it’s plain as sky that it’s harder to acquire a new customer than to retain one, most companies go retention. Now, the next hurdle is finding the apt tool or software to help with retention. And that’s probably why you are here, right?

Customer Retention 52

Customer Retention Software Gamification e-support 52

Method:CRM

JULY 11, 2022

Always strive to make great products or services so customers come back. Find the sweet spot so you don’t turn away customers or lose profits. Loyalty programs: Customers love to be appreciated. Implementing loyalty programs like stamps or discounts can boost the likelihood of customers coming back.

Customer Journeys 92

Customer Journeys Customer Experience How To Loyalty Programs 92

delighted

OCTOBER 22, 2024

But while ecommerce has made retail purchases more accessible, it has also disrupted the traditional, linear, retail buyer’s journey and has transformed it into a more complicated series of customer touchpoints. Mapping these touchpoints is crucial to understanding the ecommerce customer journey – and improving customer experiences.

Customer Journeys 52

Customer Journeys Ecommerce Social Media Net Promoter Score 52

Lumoa

JANUARY 19, 2023

But since that is not always possible, prioritize the skills we listed above, as those will ensure you have the right background in your newly formed customer experience department. The two positions work closely together to ensure that the customer experience is aligned with the organization’s overall strategy and goals.

Customer Experience 221

Customer Experience Net Promoter Score How To Customer Journeys 221

Retently

APRIL 5, 2024

Sales Opportunities: An omnichannel strategy allows retailers to engage with customers at various touchpoints, increasing the opportunities for cross-selling and upselling. A comprehensive CRM database can be instrumental in understanding customer needs, providing added value, and reducing brand switching.

Retail 78

Retail Engagement Strategy Customer Experience 78

Thematic

OCTOBER 30, 2024

VoC analysis streamlines this process by providing real-time feedback from customers. By leveraging customer insights, businesses can make informed decisions quickly, saving time and resources while reducing the risk of launching products that do not meet market needs.

Voice of Customer 62

Voice of Customer Examples Industry Handbook 62

CSM Magazine

AUGUST 13, 2024

This can be used to tailored messages and offers that resonate with individual customers. This level of personalization fosters deeper connections and loyalty. Improved Customer Insights With customer data platforms (CDPs), you can gather and analyze customer data from different sources.

Management 52

Management Multi-Channel CRM Loyalty Programs 52

Forrester's Customer Insights

MARCH 10, 2015

Most of the Chinese marketers I spoke with for my latest customer loyalty research have built frequent-buyer programs that dish out lots of points and coupons but don''t do nearly enough to positively affect customer retention. Customer Insights'

Loyalty Programs 20

Loyalty Programs Loyalty Customer Retention Customer Insights 20

SurveySensum

AUGUST 1, 2023

How to Leverage Customer Feedback to Build Customer Loyalty? 7 Best Practices for Building Customer Loyalty in Retail? And according to the research study conducted by Harvard Business School, The Economics of E-Loyalty , increasing customer retention rates by 5% increases profits by 25% to 95%.

Retail 52

Retail Loyalty Connections Loyalty Programs 52

CSM Magazine

DECEMBER 8, 2022

Struggling with inflation and economic uncertainty, 56 percent of shoppers indicated “value for the money” as one of the two most important factors impacting their loyalty to mass market retailers. The survey also reinforced the fiscal benefits of customer retention and keeping existing customers happy.

Retail 52

Retail Customer Experience Self Service Loyalty Programs 52

ClearAction

JULY 8, 2024

A leading indicator shows what customers will soon experience. Chief Marketing Officers measure the purple metrics shown below about what happened in the market : customer acquisition cost, margin expansion, sales velocity, customer retention, recurring revenue, expanded purchases, and referral revenue.

Roadmap 48

Roadmap ROI Metrics Chief Customer Officer 48

Currency Alliance

MAY 9, 2019

Independent of market positioning, unique customer insight will become the primary competitive advantage. Building such habits is precisely what loyalty programs do. . The massive potential of loyalty marketing in mobility. This image shows spending categories relevant to most consumers.

Loyalty 56

Loyalty Strategy Loyalty Programs Airlines 56

Method:CRM

JULY 11, 2022

Always strive to make great products or services so customers come back. Find the sweet spot so you don’t turn away customers or lose profits. Loyalty programs: Customers love to be appreciated. Implementing loyalty programs like stamps or discounts can boost the likelihood of customers coming back.

Customer Journeys 52

Customer Journeys Customer Experience How To Loyalty Programs 52

Currency Alliance

NOVEMBER 15, 2021

Because each customer segment will respond differently to available loyalty incentives, tailoring the customer experience by segment across channels is essential to maximize ROI. Millions of longstanding loyalty programs are testament to the fact that loyalty marketing can be optimized for the benefit of all stakeholders.

Loyalty 52

Loyalty Loyalty Programs Multi-Channel Banking 52

Currency Alliance

JUNE 22, 2017

A year that could see a tipping point for customer loyalty programs. We’ve seen plenty of articles over the last couple of years about how the traditional loyalty program is falling short. We need to ask ourselves – do traditional drivers of customer loyalty still apply to the modern consumer?

Loyalty 40

Loyalty Loyalty Programs Social Media Brands 40

Thematic

MARCH 27, 2024

Analyzing this data helps you identify the specific areas where customer experience is faltering, empowering you to take targeted action to prevent customers from leaving in the future. Proactive vs. Reactive Customer Retention Without a churn risk model , your approach to customer retention remains reactive.

Effort Score 62

Effort Score Analysis Feedback Net Promoter Score 62

SurveySensum

SEPTEMBER 3, 2024

What drives your loyalty towards them? Perhaps it is the wide range of products they offer, or the discounts and special offers they run, or maybe their loyalty program is valuable for you, whatever is the reason that prompts you to go back to the brand and stay loyal to it, are all NPS drivers.

NPS 52

NPS Analysis Net Promoter Score How To 52

SurveySparrow

SEPTEMBER 27, 2023

Big data and customer experience are inseparable partners in modern business. Big data, which comprises vast customer insights from various sources, empowers businesses to personalize experiences, predict customer needs, resolve issues proactively, create tailored solutions, and fine-tune strategies based on customer feedback.

Data 52

Data Customer Experience Loyalty Programs Social Media 52

SurveySensum

AUGUST 19, 2024

Let’s dive deeper to understand why customer touchpoints are important. Importance of Customer Touchpoints Customer touchpoints are important because they help you to: Offer Valuable Customer Insights: By using these valuable insights, you can enhance your products and services to better meet customer expectations.

Touchpoint 52

Touchpoint Examples Customer Journeys Social Media 52

SurveySparrow

JUNE 28, 2023

Thus, this personal touch enhances user engagement, and increases the probability of users discovering and listening to new music, thereby fostering brand loyalty. Starbucks: Personalization in Retail Starbucks has leveraged personalization to create a successful customer experience in the retail sector.

Industry 52

Industry Tips Customer Experience Healthcare 52

Retently

AUGUST 12, 2024

Understanding the Difference: Product Reviews vs. NPS Surveys Review and NPS tools both provide valuable customer insights, but they serve different purposes and offer distinct advantages. Review tools are primarily designed to capture customer feedback after a purchase. Retaining customers and building loyalty is key.

Ecommerce 79

Ecommerce NPS Retail Software 79

SurveySensum

DECEMBER 6, 2023

And that’s not all, a robust customer feedback tool can simplify this process, making it a breeze for you. So, if you’re ready to dive deep into the realm of unlocking success through customer insights, this guide is tailor-made for you. Are you looking to improve your customer loyalty program ?

Effort Score 52

Effort Score Metrics Customer Satisfaction System 52

Retently

APRIL 18, 2024

Analyzing in-app NPS survey data enables companies to identify customer satisfaction trends, benchmark against the industry, and turn feedback into action, impacting product improvements and customer retention strategies. It’s a cost-effective way for companies looking to harness customer insights.

NPS 78

NPS Survey Net Promoter Score Effort Score 78

BirdEye

MARCH 24, 2023

This is a secret weapon that leading businesses use to transform satisfied customers into repeat businesses and zero-cost brand ambassadors. The following are a few tips to encourage referrals: Create a customer loyalty program. Stay in touch with existing customers post-sale to nurture relationships.

Return on Investment 98

Return on Investment Social Media Sales Metrics 98

SurveySensum

FEBRUARY 6, 2024

This personalized approach showcases a commitment to addressing concerns and can be a powerful strategy for customer retention. For example, if a customer has a pricing issue, send them an email with a discount. Reduced Usage or Lack of Time to Use the Service: Implement loyalty programs or incentives to encourage ongoing usage.

Survey 52

Survey Feedback User Experience Communication 52

Thematic

AUGUST 29, 2024

Think of it as tapping into your customers' direct thoughts and emotions so you can deliver exactly what they want. Whether through surveys, reviews, or social media, VoC helps you turn customer insights into better business decisions. In this article we’ll delve into what Voice of Customer is and why it matters.

Voice of Customer 62

Voice of Customer Social Media Analysis Feedback 62

SmartKarrot

JUNE 3, 2022

In this article, we will discuss everything you need to know about customer insights and how they can be utilized to attain customer delight. This article will cover – What are customer insights? Why are customer insights important? How to collect quality customer insights?

Customer Insights 10

Customer Insights Customer Journeys B2B Loyalty Programs 10

Currency Alliance

FEBRUARY 10, 2020

One of the earliest loyalty programs came out of the grocery sector. Broadly speaking, most of the chains’ loyalty efforts have been in proprietary, albeit digitalized versions of the original S&H program: collecting in order to redeem for rewards, some digital couponing, and pushing out offers via a mobile app.

Loyalty Programs 52

Loyalty Programs Loyalty How To Hotels 52

SurveySensum

JULY 20, 2023

Let’s start by understanding the four common types of customer churn in retail and discover effective solutions for each of them. By doing so, you can proactively work towards reducing churn and improving customer retention.

Retail 52

Retail Feedback How To Self Service 52

ChurnZero

MARCH 13, 2020

Looking at the inverse, if you use QBRs as a customer PIP to bring up past issues, you’ve waited too long. Proactive course-correction fuels customer retention. At ChurnZero, here are a few customer events that we track and act on immediately : Negative (red-flag) events: Data exports. Customer Success Around the Web.

Metrics 59

Metrics Customer Success Consulting Return on Investment 59

Thematic

NOVEMBER 13, 2018

In addition, with a well-implemented VOC program, you can better retain your customers – think higher customer loyalty scores, less churn, and a higher customer lifetime value, thanks to repeat purchases. VOC is also a good complement to other insights. 3 step process for implementing a VOC program.

Voice of Customer 101

Voice of Customer Net Promoter Score Effort Score ROI 101

Thematic

MARCH 12, 2025

Imagine knowing exactly what your customers want, what frustrates them, and what keeps them coming back—all without them having to spell it out. Well, the good news is, you don’t need psychic powers—just customer insights and analytics. Behavior – Purchase frequency, loyalty program engagement.

Analytics 62

Analytics Customer Insights Loyalty Programs Analysis 62