Delivering strong customer experiences (CX) ties directly to your bottom line. According to a 2017 study by professional services company KPMG, customer experience leaders achieve higher revenue growth than customer experience laggards, with the top 25 CX leaders bringing in more than seven times that of CX laggards in one year alone.
https://www.cmswire.com/customer-experience/5-customer-experience-trends-to-watch/
Small business is the engine of the American economy. Fortunately, it’s growing – 69% of small business owners expected revenue growth in 2017. And it’s robust growth, too: 38% of them expected their businesses to grow by more than 5%.
So how did these owners plan to achieve that much growth?
As you can see below, they’ve got quite a few ideas. But improving existing customer experience and retention tops the list.
https://www.business2community.com/consumer-marketing/customer-experience-retention-single-best-way-increase-revenue-02043183/
World Vision Australia’s first ever CMO discusses why it’s vitally important to bring the consumer customer experience to charity marketing.
https://www.cmo.com.au/article/634422/cmo-interview-why-cx-martech-vital-charity-growth/
Positive and negative reviews can significantly influence the decision of a prospective new client.
With the potential for a negative experience to gain viral attention, one bad review can have damaging affects on a small or growing business. Because of this, it is imperative to establish a system to recover from poor service.
https://www.massagemag.com/recover-from-bad-customer-experience-88685/
According to PwC, 73% of all people point to customer experience as an important factor in their purchasing decisions, just behind price and product quality. Yet only 49% of U.S. consumers say companies provide a good customer experience today. PwC’s most recent Consumer Intelligence Series: Experience is Everything surveyed 4,000 Americans from Gen Z to Baby Boomers and 11,000 customers from 11 other countries in Asia-Pacific, Europe, and Latin America.
https://www.forbes.com/sites/shephyken/2018/04/01/your-best-opportunity-for-growing-business-the-customer-experience/#238f717d3a3e/
Conversion Rate Optimisation (CRO) is vital for every marketer. However, proper CRO is really what will help you achieve successful marketing efforts among your customers. This is why it is so important to be aware of the key CRO tactics out there as these will be sure to boost ROI and help you reach the growth goals you’ve set out for yourself. So – the million dollar question – which CRO tactics should you focus on to get the most ‘bang for your buck’? And more specifically, which Conversion Rate Optimisation tools will best help you achieve improved conversions? Stay tuned.
https://mopinion.com/top-23-conversion-rate-optimisation-tools-an-overview/
With boundaries that define how industries interact with their customers shifting, technology has become the game-changer that is disrupting the manufacturing world.
https://yourstory.com/2018/02/tech-meets-manufacturing-create-growth-opportunities-deeper-customer-experience/
Leveraging on data and using it in the right way can help an organisation to unleash growth. What are the steps to take?
http://punchng.com/using-data-to-improve-the-customer-experience/
As we start off 2018 with the focus of continuously improving customer experience work, talking about the role of the Chief Customer Officer (CCO) is a great place to start. According to an AdAge article from 2016, this position has been on the rise since the early 2000s – and as of 2014, nearly a quarter of Fortune 100 companies had a CCO (or something akin to it). Why is the CCO role so important? Because the CCO leads customer experience and is tasked with improving the business engine through customer-driven growth – they are always thinking through a customer first lens.
https://customerthink.com/take-action-against-these-4-culprits-that-hinder-customer-experience-growth/
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