InMoment XI

FEBRUARY 23, 2024

It’s crucial that brands understand the experiences they provide and whether or not they satisfy the needs of customers, employees, and beyond. Effective market segmentation is critical to that goal. Every business should know the ins and outs of how their marketing, advertising, and sales team measure up.

Marketing 195

Marketing Customer Experience Return on Investment Analysis 195

InMoment XI

SEPTEMBER 12, 2023

In today’s cut-throat market, differentiating your brand is more important than ever. Whether you’re a startup or a market leader, understanding your competitors helps you make informed decisions, from product development to marketing strategies. Market Position and Brand Analysis: How do consumers perceive your competitors?

Analysis 195

Analysis Marketing Competitive Advantage Analytics 195

eglobalis

JUNE 27, 2024

Continuous change management initiatives help the organization adapt to evolving customer needs and market conditions. Use customer feedback and performance metrics to determine which interactions are causing friction and which are delighting customers. Training programs and employee enablement strategies are crucial.

Strategy 460

Strategy Customer Experience Net Promoter Score Customer Centricity 460

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

JULY 10, 2018

The people driving customer experience improvements are not always able to quantify the improvements in monetary terms. Our customer satisfaction increases – so what? Will it positively impact our market share? If you improve the availability of customer support agents, you certainly know how much it is going to cost.

ROI 284

ROI Customer Experience NPS Financial 284

ECXO

JULY 29, 2024

Continuous change management initiatives help the organization adapt to evolving customer needs and market conditions. Use customer feedback and performance metrics to determine which interactions are causing friction and which are delighting customers. Training programs and employee enablement strategies are crucial.

Strategy 380

Strategy Customer Experience Net Promoter Score Effort Score 380

Calabrio

MARCH 25, 2025

Customer Experience Voice of the Customer Tools: 10 of the Best VoC Software Options in 2025 Share Speak to anyone in customer experience, research, or marketing, and they’ll tell you that the old model of one-way customer communication is outdated. Specific tools for customer review monitoring.

Software 130

Software Customer Journeys Tools Contact Center 130

Experience Investigators by 360Connext

APRIL 23, 2024

By prioritizing the customer’s perception from pre-purchase to post-purchase stages, organizations are positioned to navigate the complex nature of consumer needs effectively. And they will be rewarded for that focus on the customer! Understanding Customer Experience Management (CEM) Let’s start at the beginning.

ROI 260

ROI CEM Net Promoter Score Customer Experience 260

Lumoa

NOVEMBER 29, 2021

The people driving customer experience improvements are not always able to quantify the improvements in monetary terms (determining the ROI of customer experience). Our customer satisfaction increases – so what? Will it positively impact our market share? But the linkage to market share is somewhat complex.

ROI 243

ROI Customer Experience NPS Financial 243

InMoment XI

MAY 3, 2024

Digital Post Fulfillment and Post-Purchase Data: Analysis of customer interactions and feedback after digital purchases, aiding in refining the online shopping experience. Competitor Analysis: Monitoring competitor performance and market trends to stay ahead of the curve.

Retail 195

Retail Return on Investment ROI Analysis 195

GetFeedback

MAY 9, 2019

How do you demonstrate the return on investment (ROI) for your CX program? . Demonstrating economic value for a customer experience program will vary by industry and individual company. You can prove an increase in revenue through customer retention and sales optimization. . Reduced costs. .

Customer Experience 337

Customer Experience Customer Journeys Effort Score Metrics 337

CSM Magazine

NOVEMBER 7, 2024

The Operational Benefits of 24/7 Support Aside from building a solid reputation, the effectiveness of customer support has other advantages for businesses. These include operational benefits like improving user retention and smoothening business operations by addressing issues when they occur.

Brands 52

Brands Return on Investment Financial Customer Retention 52

Beyond Philosophy

NOVEMBER 10, 2014

For many years, there has been a debate whether you could assign a dollar amount to determine the return on investment for any Customer Experience improvements. According to the study, “the cumulative return of a $100 investment in the ACSI fund from April 2000 to April 2012 was $490, a gain of 390 percent.

Net Promoter Score 164

Net Promoter Score ROI Customer Experience Insurance 164

C3Centricity

MAY 11, 2020

As mentioned above, everyone has a role to play in satisfying and delighting the customer. It is not the job of marketing, sales or market research alone to understand their needs. It is vital that each employee thinks customer first and ensures that every action and decision they make is customer centric.

Strategy 246

Strategy Customer Centricity Chief Customer Officer CRM 246

ECXO

MARCH 5, 2024

By putting the customer at the heart of the process, businesses can ensure that their digital transformation initiatives lead to improved customer satisfaction. Happy customers are more likely to be loyal customers, leading to increased customer retention.

Customer Centricity 294

Customer Centricity Competitive Advantage Innovation Customer Journeys 294

Beyond Philosophy

FEBRUARY 10, 2020

Nearly 20 years ago, when I started Beyond Philosophy and before Customer Experience was a well-known concept, my motivations were to create a competitive differentiator that would get more business for my clients. However, business is also all about return on investment (ROI).

Meeting 172

Meeting Hospitality Return on Investment Telecommunications 172

NICE inContact

MAY 10, 2019

They expect to see a solid business case with a strong, defensible return on investment (ROI). The effort was expected to yield lower costs, greater retail staff productivity, increased customer retention, and even a bump in client acquisition.

Automotive 149

Automotive Contact Center Return on Investment ROI 149

Lumoa

MAY 19, 2020

A study by Acquia found that while 82% of marketers feel that they deliver a positive customer experience, only 10% of customers agree with that sentiment. Many people in your position feel like they face an uphill battle when trying to justify a customer experience program to a CEO. Explore options.

How To 243

How To Multi-Channel Return on Investment Study 243

InMoment XI

NOVEMBER 15, 2023

Customer Churn Rate : Customer churn rate quantifies the percentage of customers who stop using a company’s product or service over a specific period, helping businesses gauge customer retention and identify potential issues. What is the ROI of Customer Experience Analytics?

Analytics 243

Analytics Customer Experience e-support Net Promoter Score 243

Lumoa

FEBRUARY 16, 2023

By understanding what your customers want and need you can ensure that you are providing them with the best possible service or product which will help you stay ahead in an ever-changing market. When to Use Voice of Customer Before we cover building your own VoC template, let’s talk about when to use this type of analysis.

Voice of Customer 221

Voice of Customer How To Feedback Return on Investment 221

CX Journey

DECEMBER 30, 2014

The Five Agreements of Customer Experience In this post, I take a look at how the Five Agreements that don Miguel Ruiz wrote about can be applied beyond your own desire to achieve personal freedom - of course, I apply them to achieving customer freedom and happiness. Do You Know Who Your Customers Are?

Customer Journeys 166

Customer Journeys Customer Experience Touchpoint Return on Investment 166

NobelBiz

MARCH 23, 2022

In this article, we’ll show you how to calculate the ROI of your contact center system and analyze your investment, costs, as well as how to choose a technology provider. ROI (Return on investment) measures the return on a future, past or current investment over a given period. appeared first on NobelBiz.

Return on Investment 52

Return on Investment Contact Center ROI Measurement 52

Beyond Philosophy

DECEMBER 20, 2019

It is reasonable to expect for the time, energy, and resources to show a return on investment, whether in customer loyalty, customer retention, or even just cold hard cash. On this episode of The Intuitive Customer, I further explain my answer and share my predictions about the fate of Customer Experience.

Return on Investment 127

Return on Investment Customer Retention Loyalty Consulting 127

Calabrio

APRIL 11, 2025

trillion in global sales are at risk in 2025 due to one thing: bad customer experiences. With the best approach to training, the return on investment can be significant, to say the least. Consider that 93% of customers report being more willing to make repeat purchases from companies offering positive service experiences.

Contact Center 130

Contact Center Training Call Center Average Handle Time 130

Bob Hayes

APRIL 29, 2018

Yet businesses are over 2x more likely to focus on acquisition efforts than they are retention efforts. In today’s post, I want to discuss why businesses need to increase their focus on customer retention efforts and why the are imperative to your customer acquisition efforts. Improve Marketing. Increase Revenue.

Customer Retention 64

Customer Retention Return on Investment Customers Case Study 64

Confirmit

OCTOBER 30, 2018

" — Seth Hall , VP Customer Service. Previously expected market share was no longer guaranteed and the competitive landscape began to get crowded. Philadelphia Insurance realized that long-term success in this new market required a fresh strategy – and a differentiator to set them apart from competitors.

Return on Investment 40

Return on Investment Insurance Net Promoter Score Policies 40

Bob Hayes

APRIL 29, 2018

Yet businesses are over 2x more likely to focus on acquisition efforts than they are retention efforts. In today’s post, I want to discuss why businesses need to increase their focus on customer retention efforts and why the are imperative to your customer acquisition efforts. Improve Marketing. Increase Revenue.

Customer Retention 64

Customer Retention Return on Investment Customers Case Study 64

CSM Magazine

AUGUST 15, 2023

Customer acquisition and customer retention are two vital aspects of business growth, each playing a unique role in ensuring the long-term success of a company. Moreover, we will delve into the power of referral marketing and how to launch a referral program effectively as a key strategy in this equation.

Customer Retention 52

Customer Retention Return on Investment ROI Social Media 52

ProProfs Chat

OCTOBER 30, 2021

The identification of what customers want is important and based on different factors, marketers need to divide people into market segments. That’s exactly what market segmentation is all about! With the help of certain shared factors, a wide population can be put into subgroups for targeted marketing.

Marketing 95

Marketing Social Media B2B Groups 95

Win the Customer

JANUARY 19, 2016

Seventy percent of companies agree that retaining customers is cheaper than acquiring new ones, an Econsultancy report on cross-channel marketing found. Forty-nine percent find that building existing customer relationships brings a bigger return on investment than acquiring new customers.

Customer Retention 52

Customer Retention Ecommerce Return on Investment Guidelines 52

Confirmit

OCTOBER 18, 2018

What Is Customer Retention? Customer retention refers to an organization’s processes and activities that aim at stopping customers from churning or switching to a competitor. Increasing customer loyalty is a key goal of any business, and contributes greatly towards sustainable growth.

Customer Retention 45

Customer Retention Multi-Channel Net Promoter Score Return on Investment 45

Totango

JANUARY 4, 2019

‘Customer-centric’ no longer just refers to a marketing strategy—it’s a whole economy. Customer expectations and demands on enterprises have never been so high, or so personal—especially for SaaS companies who are at the forefront of both the modern wave of technology and the new customer-centricity business model.

Customer Centricity 79

Customer Centricity ROI Strategy Company 79

Comm100

DECEMBER 8, 2017

Thank you letters are an important part of making your customers feel valued, and letting them know how much you appreciate them. They are an inexpensive way to increase sales, return on investment (ROI), and customer retention. What to Consider When Writing a Thank You Letter to Your Customer. Download Now.

Social Media 180

Social Media How To Return on Investment Customers 180

ShepHyken

MAY 12, 2019

(Forbes)Boosting customer loyalty is an ongoing challenge for marketers, and below are seven strategic tips for increasing engagement and strengthening customer loyalty. My Comment: My belief is that many customer loyalty programs are actually marketing programs. That’s not a bad thing. by Michael Stelzer.

Chatbots 98

Chatbots Loyalty Programs Customer Service Return on Investment 98

Lumoa

SEPTEMBER 11, 2023

A company can have the best, trained customer service team providing the highest level of service, but they have no influence over how a customer perceives their brand. All the company can do is try to ensure that its products, services, and marketing are conveying the right message and delivering value to customers.

Strategy 195

Strategy Customer Experience Net Promoter Score Effort Score 195

Lumoa

SEPTEMBER 11, 2023

A company can have the best, trained customer service team providing the highest level of service, but they have no influence over how a customer perceives their brand. All the company can do is try to ensure that its products, services, and marketing are conveying the right message and delivering value to customers.

Strategy 195

Strategy Customer Experience Net Promoter Score Effort Score 195

Comm100

DECEMBER 14, 2017

Customer experience involves many facets including customers, employees, organizational culture and so forth. The best way is to ask important questions that will fall into three categories: customers, your market, and your product. Is it possible to spend more time with customers? Customer Experience Metrics.

Customer Experience 333

Customer Experience Strategy How To Effort Score 333