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How to Increase Profit Margin: 5 Strategies for Any Business

Hubspot Sales

Every company has its eyes on its bottom line and, in turn, is mindful of its profit margin — the most definitive metric of how successful your sales efforts are, relative to your expenses. Ways to Increase Profit Margin. If you want to improve your profit margin, you can't go in blind.

Margin 109
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A Potent Human Capital Strategy needs a Potent Client Retention Strategy

Babette Ten Haken

A potent client retention strategy is driven by an equally potent human capital strategy. Otherwise, stakeholder churn rates negatively impact your organization’s and association’s ability to hold on to the customers you work so hard to win. Thus, you create a strong foundation for client retention. Image source: Fotolia.

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This Is Why You Need Customer Service Data

SugarCRM

If you read our recent recommendations on proven customer service strategies, you know how important it is to apply similar tactics across your entire organization: How Customer Service Builds Your Brand. You Should Be Doing Customer Service Like These 2 Companies . Why Measure Customer Service Data?

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Customer Lifetime Value and Why it Matters

Smooth Sale

When you take the time to analyze the value every customer brings to your business, you better understand what can be done to scale your company. What’s understood by Customer Lifetime Value (CLV)? Before calculating Customer Lifetime Value, you need to get straight a few points. Customer Lifespan.

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Three Reasons Why Executives Need to Invest in Customer Experience Now

Miller Heiman Group

How does a customer experience strategy contribute to long-term success? When organizations follow customer experience best practices, they improve customer loyalty. Higher customer loyalty increases customer retention rates and spending per customer.

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Demonstrating Value to Grow Wallet Share

Revegy

A Gartner study showed no correlation between post-sale customer service and growing revenue at a customer. However, that same study showed a 48% improvement in revenue growth and a 94% improvement in retention if you help deliver ‘Customer Business Improvements.’.

Loyalty 52
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Must-Ask Questions When Choosing a Custom Packaging Supplier

Smooth Sale

Timeliness is crucial for e-commerce businesses because they must ship their products promptly to satisfy customers. Consider choosing a supplier within your region to receive the fastest lead time, but ensure it fits your company’s financial margins first. You may be asking yourself as well if rush production is an option.

Hiring 78