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How To Boost Client Retention – Without Customer Service or Account Reps

Sales and Marketing Management

Harvard Business Review estimated that customer acquisition is 5 to 25 times as expensive as customer retention. What’s more, a Bain & Company study found that increasing customer retention rates by a mere 5% boosts profits by 25% to 95%. How you do it is less important than that you train everyone to use it.

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Will You Study How to Implement AI to Increase Business?

Smooth Sale

Photo by The Digital Artist via Pixabay Attract the Right Job Or Clientele: Will You Study How to Implement AI to Increase Business? Jeffrey Maganis, co-founder of AI Unlock, provides our guest blog, Will You Study How to Implement AI to Increase Business? Scale outbound prospecting. Use sales automation tools.

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How to Focus on Customer Retention to Acquire New Accounts

Alice Heiman

So why not focus on customer retention? . Sneak peek – loyal customers are willing to make introductions, which completely changes your prospecting efforts and increases deal velocity. This may seem obvious, but a Forbes Insights Study showed that less than a third of business executives consider customer retention a priority.

Retention 143
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A sales rep’s guide to customer retention: 5 ways to keep your buyers coming back

Nutshell

Most sales training focuses on prospecting , lead nurturing, and closing techniques. So today, we’re diving deep into the world of customer retention. Keep reading to learn what customer retention is, why it’s vital to business success, and what you can do as a sales rep to better retain your customers.

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The Everboarding Advantage: Why Continuous Learning Is the Future of Sales Training and Development

Allego

This blog post originally appeared on the Training Industry website. Poorly trained sales reps hurt an organization’s bottom line with inefficient processes, difficulties connecting with prospects and challenges in closing deals. Studies have shown this approach boosts retention. Probably not much.

Hiring 71
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How to Achieve Sales Excellence Through Sales Management Training

Mindtickle

Even the most seasoned sales reps need proper training to be effective sales managers. When it comes to sales management training, you may have questions like: What is it? Read on as we answer these and other key questions about the role of sales management training in driving sales excellence. What is sales management training?

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Why 80 Percent of Companies Lose at Customer Retention

Score More Sales

Also, in their study, customer expectations were exceeded only 16% of the time. Are sales reps and account managers coached on effective listening skills so that prospects and customers really feel heard? Do they go beyond the basics to make things easier for prospects and customers? Increase Opportunities. Expand Your Pipeline.

Retention 254