Remove Customer Retention Remove Infographics Remove Metrics
article thumbnail

6 Most Popular Customer Experience Metrics and KPIs Explained Simply

Lumoa

You can easily see that NPS is the most common CX metric: almost two thirds of companies follow it. The churn or retention rate are usually used to understand the connection between the customer experience management and its monetary value. Since 2003, when the metric was first introduced, NPS has been gaining popularity.

Metrics 405
article thumbnail

Collecting Customer Feedback: Too Difficult or Too Easy?

Lumoa

As mentioned in the beginning: asking for feedback and just storing that somewhere is not going to help you nor your customer. Our favorite metric system is Net Promoter Score® that consists of only two questions: a recommendation score and an open why-question. NPS in a nutshell [infographic]. Keep it short.

Feedback 285
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

4 Reads That Will Help You Prove CX ROI

InMoment XI

At the end of the day, investing in customer experience (CX) is about more than just the score. Sure, it’s great to see a boost in CX metrics like NPS , CSAT , and CES , but what really drives impact? Customer Acquisition Customer Retention Cross-sell & Upsell Cost Reduction. #1: 1: Customer Acquisition.

ROI 195
article thumbnail

3 Ways To Balance Customer Acquisition and Retention Strategies

Lumoa

However, should your marketing budget be more focused on customer acquisition or retention is a tough question and one that will eventually define your growth. Talking about customer retention, you possibly already know the merits of investing time and money in keeping your existing customers satisfied and hooked.

Strategy 195
article thumbnail

Customer Success Metrics

Amity

Tracking the proper metrics is essential in understanding how your business is performing. For now let’s concentrate on the following four main metrics. Customer Health. It is also worth engaging an independent unbiased third party to do a Voice of the Customer project and analysis. Net Promoter Score (NPS).

Metrics 76
article thumbnail

Top 10 Live Chat Benefits You Have to Know

Comm100

Live chat allows you to give quick answers to questions about your products, solve problems faster, and assure your customers that you’re there when they need you. This is a simple, yet very effective, recipe for improving both customer service and loyalty. Discover Customer Pain Points. Competitive Advantages.

article thumbnail

DCX # 133 | Show Me the Money: Proving ROI from Your CX Initiatives

DCX

Get eye-catching infographics and templates to communicate ideas effectively. A smoother experience today means loyal customers tomorrow—but that payoff doesn’t show up overnight. Everyone Wants Credit Let’s say customer retention goes up. Pick Metrics That Actually Matter Forget about NPS and CSAT.

ROI 52