article thumbnail

How to Increase Customer Retention, Lifetime Value and Reduce Your Cost Per Sale

Keith Rosen

If delivering exemplary customer service is a cornerstone to building your business, revenue, referrals and client retention, then why do most companies invest more time on customer acquisition instead of retention, fail at meeting customer expectations and ultimately lose business to competitors?

article thumbnail

Why Customer Experience Is the New Customer Service

SugarCRM

First, we’ll want an understanding of what exactly customer experience is and how it’s different from the concept of customer service that it has largely replaced. Customer Experience: The Key to Success in the New Marketplace. 72% of customers will share a positive experience with six or more people.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Got a SOGOP Policy or do You Wish and Hope and Waste Time?

Babette Ten Haken

I developed a SOGOP Policy for a variety of reasons. The never-ending futility of that business scenario catalyzed me to create my SOGOP Policy. My SOGOP Policy focused me then, and still focuses me now, on assessing whether potential (and some current) clients are stringing me along with the promise of future work.

article thumbnail

Will You Accept Full Responsibility for Business Success?

Smooth Sale

Examples include property management, payment processing, high-risk, eChecks, ACH payments, contact us through customer service, all of which need to be managed by one person. In Conclusion: Accept Full Responsibility for Business Success Honesty is the best policy for every action. The challenge can be significant.

article thumbnail

Are You Ready to Take Your Business One Step Higher With These Simple Solutions?

Smooth Sale

Improve Your Customer Service Finally, to ensure your business stays ahead of the competition, you must get your customer service team right from the start. Many companies err when they use existing team members to sort out customer service. As time moves forward, revise policies that no longer apply.

Hiring 78
article thumbnail

Customer Loyalty So You Have It?

Increase Sales

With the click of a mouse thanks to the dramatic impact of ever changing technology, your satisfied customer can leave and become easily satisfied by your competitor. Continue the same practices, policies, and procedures through archaic customer service training? Customer loyalty is truly about your bottom line.

Loyalty 78
article thumbnail

Customer Retention, A Rant

Partners in Excellence

I called the customer service department anxious to see if there was a way to accelerate the shipment. After a few hours of seeing nothing happen, I called customer service. Clearly, the second case was a failure of customer service. What are your strategies for customer retention?