Remove Customer Service Remove Retention Remove Sales
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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%. But awareness and action are two different things.

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Why Sales Teams Should Implement Empathetic AI for Successful Client Retention

Sales and Marketing Management

With the ability to interact and empathize with clients directly, customer service tools can go even further. The post Why Sales Teams Should Implement Empathetic AI for Successful Client Retention appeared first on Sales & Marketing Management.

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6 Marketing Strategies for B2B Customer Retention

Sales and Marketing Management

How does one manage to keep customers engaged and loyal to their brand? To promote customer retention and strengthen your B2B marketing scheme, we’ve assembled this list of six key strategies you can use. Customer service. As a result, they don’t know how to provide the right customer service when a problem arises.

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3 Tips to Boost Customer Retention and Growth

Sales and Marketing Management

You don’t even need to land a single new customer. According to a study from Harvard Business School , you can boost profitability by 25 to 95 percent by focusing on current customers and boosting retention rates by just five percent. It costs five times more to land a new customer than to keep a current one in the fold.

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7 Must-Have Automated Documents for Sales Success

Learn why automating your documents is key to 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.

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Thinking About Retention, Renewal, Expansion Differently

Partners in Excellence

Retention, renewal, expansion is key to our success with customers. We want to create customers for life! It may be expanding the products our customers use or expanding the usage of our products within the customer. We create great models of how to acquire net new customers, then how to retain.renew, expand.

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Is Your Sales Rep Compensation Plan Pushing You Up or Out?

SBI Growth

When sales reps think about their compensation, the first thing they ask is “How can I make more?” Talented reps – with the right comp plan, support and product/service set – always make targets. Talented reps – with the right comp plan, support and product/service set – always make targets. Should I Stay or Should I Go?