article thumbnail

Digging Into Customer Churn Data: A Guide to Better Retention

Zoominfo

That’s why it’s crucial to compile, analyze, and build customer retention strategies with churn data. You probably already know what churn is, but as a refresher, here is how you calculate your churn rate: This number acts as the basis for building your customer attrition and retention strategies. Customer Churn Analysis.

Churn 173
article thumbnail

Digging Into Customer Churn Data: A Guide to Better Retention

Zoominfo

That’s why it’s crucial to compile, analyze, and build customer retention strategies with churn data. You probably already know what churn is, but as a refresher, here is how you calculate your churn rate: This number acts as the basis for building your customer attrition and retention strategies.

Churn 130
Insiders

Sign Up for our Newsletter

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

article thumbnail

5 Ways to Improve Customer Retention With Storytelling

Zoominfo

This statement pops up during every conversation about customer retention for one simple reason— it’s true. But brands can also increase customer retention by enabling customers to visualize a satisfying conclusion. With that being said, resist the urge to manufacture values for the purpose of increasing customer retention.

Retention 189
article thumbnail

How to Focus on Customer Retention to Acquire New Accounts

Alice Heiman

So why not focus on customer retention? . This may seem obvious, but a Forbes Insights Study showed that less than a third of business executives consider customer retention a priority. If you aren’t doing all the things on the list above, c ommit to something you will do, and it will improve your customer retention.

Retention 143
article thumbnail

7 Must-Have Automated Documents for Sales Success

Companies are increasingly implementing technology to bring efficiency to their workforce. Data accessibility aside, teams continuously struggle with manual processes for document generation. Learn why automating your documents is key to sales success.

article thumbnail

How a Sales Coaching Platform Can Affect Employee Retention

Sales Hacker

In this breakdown, we look at how sales coaching platforms can affect employee retention and how a dedicated program ultimately boosts rep engagement and job satisfaction – bettering your rate of voluntary turnover and saving you the expense of attrition. That’s when an investment in sales coaching comes in. Conclusion.

article thumbnail

How the Psychology of Sales Gamification Improves Workforce Retention

Closer's Coffee

For these reasons, building retention among existing sales teams is of extreme importance. In the cut-throat sales industry, success is the key to retention, but sales teams often struggle to motivate new employees who may have a long road between their first day and their first deal. The Psychology Behind Sales Gamification.