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Author: Ajay Gupta It’s well-known that keeping customers is much more cost-effective and profitable than securing new clients. Harvard Business Review estimated that customer acquisition is 5 to 25 times as expensive as customer retention. Put your whole team in a customer-facing role. What to do?
When you hear the term ‘customerservice’, what connotations spring up? Whatever you think customerservice is, it often needs to be revisited in order to be kept front-of-mind. Whatever you think customerservice is, it often needs to be revisited in order to be kept front-of-mind.
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Author: John DiJulius The vast majority of business leaders will agree that customerservice is critical to their success. However, most haven’t done what it takes to be a world-class customerservice organization. . That asset is the customer. . . Why Employees Often Lack Customer Empathy .
AI is reshaping marketing and sales, empowering professionals to work smarter, faster, and more effectively. 🤖 AI-Powered Tools: Learn about essential AI-driven features that assist marketing and sales professionals in automating tasks, analyzing data, and enhancing customer engagement. Be part of the conversation!
Author: Serena Dorf Business-to-business marketing is one of the most challenging facets of the marketing industry. Businesses aren't like retail customers. You deal at a level and the businesses are your core customers. B2B marketing is more technical than B2C. Customerservice.
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That’s just plain rude, and it’s certainly not how to build customer loyalty. Customers get equally frustrated when the buying process becomes ridiculously complex, and they can’t get answers to their questions. Prospects give up, and customers start looking for a more attentive vendor with a simpler buying process.
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The map shows the literal market expansion T-Mobile achieved from the purchase. Market expansion strategy is one of four quadrants that make up the go-to-market framework for businesses. The other quadrants include customer loyalty , offer expansion , and company transformation. Expansion by developing a new product.
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Today we’re closing out this three-part series with a post for our marketing audience. So, if you’re on the hunt for new marketing resources, look no further. 1. Marketing 360. The Marketing 360 YouTube channel offers a wide variety of high-quality video content. 2. Duct Tape Marketing. Go check it out!
Assessing an idea while looking at how it could manifest itself in market enables those involved, client-side and agency-side, to better determine where and how to invest time and money. Once you crystalize an idea and show how it will manifest itself in market, you’ll know what needs correcting and why, saving both time and money.
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We struggle to be “customer focused.” ” Somehow, our priorities and goals have precedence over understanding and helping our customers. At the same time, we know the most effective/efficient path to achieving our goals is through our customers, creating great value with them.
As The CEO, you obsess about your Customer. You also know you need to transform your Customer Experience. You are aware that customer expectations have risen, however, your company has not evolved to address them. You are committed to CX.
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” As we, sellers, look at the various pieces parts of selling—marketing, sales, customerservice, etc—we tend to optimize these systems to achieve our separate goals. As a result we and our customers have a huge challenge. We focus on our effectiveness, efficiency, and productivity in generating revenue.
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