InMoment XI

OCTOBER 24, 2024

Improved Customer Loyalty Customer engagement platforms increase customer loyalty by making the customer experience engaging and consistent throughout the whole customer journey. Research shows that loyal customers are 64% more likely to make more frequent purchases from your business than regular customers.

Customer Engagement 195

Customer Engagement Engagement Omni-Channel e-support 195

Lumoa

FEBRUARY 9, 2023

According to Forrester, the ladder to customer-centric transformation consists of 5 steps: Secure the executive support : customer experience transformation is set up from the top. Customer Engagement Customer engagement is a term used to refer to customer interactions with a company, product, or service.

Net Promoter Score 417

Net Promoter Score Customer Journeys Customer Experience Omni-Channel 417

GetFeedback

DECEMBER 11, 2018

It’s not rocket science: the lower your customer churn rate, the higher your profit. But do you know how much customer retention is really worth? According to Harvard Business School, even just a 5% increase in customer retention can lead to a 25-95% increase in profits. Never seen a CES survey before?

Net Promoter Score 223

Net Promoter Score Effort Score NPS Customer Retention 223

CloudCherry

FEBRUARY 26, 2019

More firms choose to adopt analytics to increase customer acquisition: ‘Increasing customer acquisition and targeting’ is the top driver that encourages organizations to adopt measurement and analytics, with 57% of respondents opting for it. Customer Analytics and its diverse applications.

Analytics 256

Analytics Report Analysis Study 256

Pointillist

JUNE 15, 2018

Much of the marketing world is still focused on customer acquisition, but to improve customer retention will yield f ar better ROI and cost about 5-25X less than customer acquisition. What is Customer Retention? Why Customer Retention Matters. My Customer Retention ?

Customer Retention 110

Customer Retention Analytics Loyalty Programs Customer Journeys 110

GetFeedback

SEPTEMBER 13, 2018

Our best customers are the ones who stay with us. The proof is in the numbers: a 5% increase in customer retention can lead to a 25-95% increase in profits , according to a Harvard Business School study. Likewise, listening to unhappy customers will help you figure out what could use improvement.

Customer Journeys 247

Customer Journeys Net Promoter Score How To NPS 247

Comm100

FEBRUARY 6, 2023

You have to predict the customer’s expectations, constantly measure your CX performance, and solicit feedback from them. 5 Customer Experience Trends of 2023 A strong customer experience is critical in helping financial institutions build lasting relationships with their customers, increase revenue, and stay ahead of the curve.

Financial 245

Financial Trends Self Service Customer Experience 245

GetFeedback

AUGUST 14, 2019

Why only consider the percentage of those customers who call themselves satisfied? . A big reason is that tracking the two highest values from CSAT is the more accurate predictor of customer retention than overall averages. . Once those changes are rolled out, measure CSAT around the touchpoint of the invoice again. .

Metrics 273

Metrics Customer Journeys How To Customer Satisfaction 273

Lumoa

MARCH 20, 2018

Actionability is also, as we believe, one of the essential aspects of customer experience management. According to Forrester , the ladder to customer-centric transformation consists of 5 steps: Secure the executive support : customer experience transformation is set up from the top. It's simple.

Net Promoter Score 268

Net Promoter Score Customer Journeys Omni-Channel Customer Experience 268

CSM Magazine

APRIL 10, 2025

Why Self-Service is Critical to Customer Satisfaction Self-service, when done right, empowers customers to resolve their queries, complete their purchases, or find the information they need at their own pace. It reduces dependence on staff, saves time, and enhances customer autonomy.

Self Service 52

Self Service Multi-Channel How To Call Center 52

InMoment XI

AUGUST 9, 2024

Customer Experience (CX) refers to the overall impression and perception a customer has about a company or brand based on their interactions throughout the entire customer journey. Regardless of your goals, there are steps you can take to build a solid foundation for your future customer experience initiatives.

Customer Experience 221

Customer Experience Customer Journeys Effort Score Net Promoter Score 221

Calabrio

MARCH 5, 2025

To measure goals like these, you must identify specific key performance indicators (KPIs)such as the percentage of conversations where a customer is likely to churn, first call resolution rate , or CSAT scores and make sure the insights found are aligned with your business objectives.

Contact Center 100

Contact Center Omni-Channel First Call Resolution Net Promoter Score 100

Retently

MARCH 11, 2025

They act as a bridge between the customer and teams working with product, marketing, logistics, and support to ensure customer insights lead to tangible fixes. Their work directly impacts business growth by reducing complaints, improving support efficiency, and enhancing customer retention, they drive higher revenue and lower churn.

Ecommerce 115

Ecommerce Self Service Customer Experience Management 115

Horizon CX

APRIL 1, 2024

These characteristics may include: Customer-centric culture: The organization has a culture that is obsessed with the customer and focused on meeting their needs. Customer journey mapping: The organization has a deep understanding of the customer journey and the touchpoints at which customers interact with the brand.

Customer Journeys 130

Customer Journeys Touchpoint Customer Centricity Competitive Advantage 130

Michel Falcon Experience

APRIL 3, 2019

The booking touchpoint could include calling the practice to reserve an appointment, using some sort of booking software, or emailing them. Ensure that you’ve selected a customer persona and outlined five to seven different stages within the customer journey. Focus on the current state of the customer experience.

Customer Journeys 94

Customer Journeys Case Study Study Customer Experience 94

Lumoa

OCTOBER 15, 2023

Not only does it elevate your response and accuracy rates (oh, and here are a few extra ideas to boost those response rates even more), but it also provides a clearer picture of what’s happening at various customer touchpoints and segments of the customer experience. Say a customer had a bad experience. Lengthy surveys?

Feedback 195

Feedback Hospitality Analytics Touchpoint 195

Thematic

FEBRUARY 24, 2025

Businesses need to collect, analyze, and apply customer feedback effectively. Analyze customer interactions across multiple touchpoints. Personalize experiences and address customer pain points. Worse, 79% of customers will switch brands if they find a competitor with a better experience.

Strategy 62

Strategy Customer Experience Social Media Handbook 62

ProProfs Chat

JUNE 21, 2019

Do you have a customer retention strategy? Companies focus on customer acquisition strategies, since increasing your customer count is the lifeblood of your business. But, customer acquisition won’t help, if you are unable to retain customers. Understand Customer Retention.

Customer Retention 63

Customer Retention Strategy How To Case Study 63

customer sure

DECEMBER 21, 2024

What Is Customer Retention? Customer retention is the practice of keeping your customers loyal and engaged over the long term. Why Customer Retention Is Important If customer acquisition feels expensive, it is. Our Three Foundations of VoC Guide will help you get things right from the start.

Customer Retention 62

Customer Retention B2B Feedback Metrics 62

BlueOcean

AUGUST 19, 2024

Forrester ’s 2024 US Customer Experience Index comes to the same conclusion: there is a clear connection between customer satisfaction and growth. According to the study, businesses that prioritize client needs achieve “41% faster revenue growth, 49% faster profit growth, and 51% better customer retention” than their peers.

Self Service 156

Self Service Contact Center Average Handle Time Customer Satisfaction 156

BlueOcean

AUGUST 19, 2024

Forrester ’s 2024 US Customer Experience Index comes to the same conclusion: there is a clear connection between customer satisfaction and growth. According to the study, businesses that prioritize client needs achieve “41% faster revenue growth, 49% faster profit growth, and 51% better customer retention” than their peers.

Self Service 156

Self Service Contact Center Average Handle Time Customer Satisfaction 156

Thematic

MARCH 30, 2025

When teams rely on isolated data sets, it’s nearly impossible to uncover meaningful customer experience insights. Instead, you need unified data analytics to connect every touchpoint and every voice. Think of customer feedback analysis like laying the foundation for a building.

Customer Insights 62

Customer Insights Data Analytics How To 62

Feedbackly

MAY 16, 2024

The Finnish clothing store chain Kekäle wants to differentiate itself from competitors by offering customers the best emotional experience in the industry, and measures it with the Emotional Value Index (EVI®). One of the most critical journey touchpoints is a short web store post-purchase survey that is shown in a pop-over window.

Case Study 105

Case Study Effort Score Ecommerce Touchpoint 105

Retently

NOVEMBER 27, 2024

Offering upsells, cross-sells, and loyalty rewards helps increase the value of each customer over time, turning one-time shoppers into high-value repeat buyers. A smooth experience – from browsing to checkout and delivery – boosts customer satisfaction and fosters loyalty. That’s where the real growth happens.

Ecommerce 148

Ecommerce Sales Strategy Tips 148

rethinkCX

FEBRUARY 17, 2025

Customers Demand Relevance According to a study by Accenture , 91% of consumers are more likely to shop with brands that recognize, remember, and provide relevant recommendations. AI enables businesses to analyze customer data and predict preferences, ensuring every interaction is meaningful. How AI Enhances Customer Journeys 1.

Customer Journeys 52

Customer Journeys e-support Chatbots Analytics 52

SurveySensum

OCTOBER 17, 2024

It helps you identify customer pain points, preferences and improvement opportunities, helping businesses make data-driven decisions. Here is why customer feedback analytics is very important for a business: 1. Improves Customer Experience By studying feedback, companies can spot areas of concern and improve customer service.

Analytics 52

Analytics Feedback Social Media Self Service 52

SurveySensum

JULY 21, 2023

And, in SaaS, on average, it can cost 4-5 times more – The Value of Keeping the Right Customers study by Harvard Business Review You read it right! Allocating resources to attract new customers is indeed expensive compared to nurturing and retaining your current customer base. Let’s get started! Awesome, right?

Customer Retention 52

Customer Retention B2B Strategy Net Promoter Score 52

GetFeedback

OCTOBER 4, 2019

And no matter how well you think you know your customers, being inside the organization makes you susceptible to the echo chamber effect, where everyone (including your competitors) only see things from the same perspective and very soon you and your customers are on completely different plains.

Survey 150

Survey Data Competitive Advantage Touchpoint 150

Comm100

DECEMBER 19, 2017

Creating a positive customer journey — from the first interaction (calls, live chat, emails or social media) to the purchase and even after the sale is made – is paramount if you want to attract and retain customers. Numerous studies have shown that customers are willing to pay more money for good service.

Strategy 390

Strategy Customer Experience How To Customer Journeys 390

Thematic

MARCH 20, 2025

Think of a customer insights framework as your blueprint, a structured approach that helps your businesses analyze customer behavior, segment their audience, and apply learnings to enhance products or services. Who needs access to insights—product teams, marketing, customer service, leadership? Why Does it Matter?

Customer Insights 62

Customer Insights Net Promoter Score Analysis Effort Score 62

Retently

MARCH 16, 2022

So, let’s shed some light over the real difference between the Customer Success and Customer Support roles, and why these should be viewed as independent disciplines rather than interchangeable terms. What is the role of Customer Success? reduced customer churn. optimized customer touchpoints.

Customer Success 157

Customer Success Net Promoter Score Customers Customer Retention 157

InMoment XI

MARCH 21, 2025

Conversational intelligence insights are findings derived from assessing customer conversations with or about your brand. Customer Journey Insights and Engagement Patterns Conversational intelligence tracks customer interactions across different touchpoints, from the point of first contact to post-purchase.

Ecommerce 195

Ecommerce Trends Effort Score Sales 195

Kayako

SEPTEMBER 9, 2022

Conversational customer support is important to customer relationship management because the quality of the conversation defines a customer’s experience, which influences customer retention and loyalty. Mapping the customer journey gives the company a visual tool to use that illustrates the different touch points.

Tips 156

Tips Customer Journeys Customer Service Omni-Channel 156

Alida

FEBRUARY 1, 2017

A new study from the digital agency Wunderman provides some answers. The study, called Wantedness, reveals eye-opening insight on what it takes to attract and retain customers. Business leaders who are serious about becoming more customer-led can learn a lot from this fascinating study. Here’s why.

Study 100

Study e-support Competitive Advantage Touchpoint 100

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.

Analytics 243

Analytics Customer Experience e-support Net Promoter Score 243

SurveySensum

FEBRUARY 13, 2025

NPS is a critical business KPI that tells you how likely your customer is to recommend your product or service to others. It is the key predictor for gauging and improving customer retention and loyalty. Are you capturing feedback at all the relevant touchpoints/customer interactions handled by multiple teams?

Net Promoter Score 52

Net Promoter Score NPS Strategy Effort Score 52

CustomerSuccessBox

APRIL 9, 2021

Why choosing the right Customer Retention Software has become so important for B2B SaaS Business? To know the answer, let’s have an overview of how customer retention works for B2B SaaS Business. This is where B2B Customer Retention software becomes imperative for a growing subscription business.

Customer Retention 52

Customer Retention Software Effort Score B2B 52