Tue.Mar 09, 2021

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What Is A Good Customer Retention Rate?

Baremetrics

The retention rate is the percentage of customers that stay with your business over a given period of time. Churn rate is the flip-side of retention rate; it's the number of customers, expressed as a percentage, who cancelled. Since it is ultimately about customer relationships. The better the relationship, the more you have at your disposal to reduce churn and maintain a high retention rate.

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Best Auto Dialer Software

The Daily Egg

Do you want to boost conversions with better leads? Are you losing track of calls and clients? Do you want to increase productivity in your company? Minutes spent dialing by hand and waiting on the phone add up like loose change. Auto dialer software eliminates that wasted time by doing it for you. It helps […]. The post Best Auto Dialer Software appeared first on The Daily Egg.

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The Pros and Cons Of Working in Venture Capital

SaaStr

Q: What are the pros and cons of working in the venture capital space, and why? I’ll list the pros and cons, but before we get there, it’s important to note a few things: Venture Capital is a tiny industry. Tiny. It’s a tiny asset class, and most VC firms have just a handful of partners and a handful of additional investors. There are very limited promotion paths in venture.

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Announcing ‘The Ultimate Guide to Conversational Support’

Intercom, Inc.

With customer expectations soaring higher than ever, how do you achieve fast, meaningful support, at scale? The world’s most customer-centric teams are turning to conversational, messenger-based support – and you can learn the proven strategies to do the same in our newly published Ultimate Guide to Conversational Support. Until recently, most support teams faced an impossible choice – stay personal with customers or get efficient as a team.

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Beyond the Basics of A/B Tests: Highly Innovative Experimentation Tactics You Need to Know

Speaker: Timothy Chan, PhD., Head of Data Science

Are you ready to move beyond the basics and take a deep dive into the cutting-edge techniques that are reshaping the landscape of experimentation? 🌐 From Sequential Testing to Multi-Armed Bandits, Switchback Experiments to Stratified Sampling, Timothy Chan, Data Science Lead, is here to unravel the mysteries of these powerful methodologies that are revolutionizing how we approach testing.

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Investing in Wrapbook

Andreessen Horowitz

Project-based workers are an exploding population: 59 million Americans performed freelance work in 2020, representing 22% year-over-year growth and 36% of the total workforce. Unlike traditional employment, project-based workers can rotate among different employers dozens of times a year. . What … The post Investing in Wrapbook appeared first on Andreessen Horowitz.

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Investing in Belong

Andreessen Horowitz

We’ve written extensively about the unbundling trend: large, horizontal platforms like eBay or Craigslist getting challenged by startups that better serve the specific needs of a vertical on that incumbent platform. . Why is unbundling so prevalent? A horizontal platform typically … The post Investing in Belong appeared first on Andreessen Horowitz.

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How Are Manual Extensions Different from Automatic Extensions?

Neil Patel

Manual and automatic ad extensions provide more content relevant to your business and to the intended goal for your campaign. When used correctly, they can increase your conversions and lower your cost per acquisition. If you’re wondering how manual and automatic ad extensions are different, look no further. In this article we’ll cover the main differences between the two so you can decide which type is right for your business.

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Investing in Tackle

Andreessen Horowitz

The most significant transformation in IT infrastructure over the last few decades, and the largest opportunity for enterprise companies I’ve seen in my lifetime, has been the move to cloud. It encompasses the shift of trillions of dollars of IT … The post Investing in Tackle appeared first on Andreessen Horowitz.

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Meet Rachel: CSM at ChurnZero

ChurnZero

ChurnZero’s employee spotlight series highlights the person behind the professional, digging deep and discovering what drives our team members. This spotlight features, Rachel Gurman , Customer Success Manager at ChurnZero. . As a member of the Customer Success team, Rachel helps cultivate exceptional experiences and sustained value for our customers by acting as a trusted advisor and advocate from point of sale through renewal. .

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How Investors & Strategic Buyers Evaluate Integrated Payment Strategies

Explore how integrated payment strategies impact investor and buyer evaluations. Payments are more than a feature — they’re a key to long-term success and market differentiation. They help SaaS companies offer seamless user experiences and efficient operations. Investors and strategic buyers assess these integrated payment strategies as a measure of a company's growth potential and sustainability.

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Journal Club: Restoring a Reflex

Andreessen Horowitz

In a healthy person, your body automatically adjusts blood pressure constantly, and this adjustment is governed by what’s called the baroreflex. However, a spinal cord injury can … The post Journal Club: Restoring a Reflex appeared first on Andreessen Horowitz.

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What Are Customer Retention Tools

Baremetrics

What's more important: a loyal customer or a new customer? That's the age-old question in business. Hence, customer retentions tools are a must for a business to run smoothly! But, did you know it can cost five times more to attract a new customer than it does to retain loyal customers? What's more, repeat customers spend 33% more than new customers do.

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How to Build a Defensible Revenue Operations Team Structure

Sales Hacker

Re-define your revenue operations roles in your organization, create roles that focus on growth and operational efficiency, and how those factors play into your customer’s journey. The post How to Build a Defensible Revenue Operations Team Structure appeared first on Sales Hacker.

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Churn Management Strategies for SaaS Companies

Baremetrics

What is churn management? Are there any two words that SaaS companies hate more than customer churn? Is there another metric on the planet that causes so much stress and headaches? The good news is that there are a number of tips and tools, like Baremetrics, to improve customer experience and customer satisfaction, measure and analyze churn, and develop strategies to put an end to churners.

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The Big Payoff of Application Analytics

Outdated or absent analytics won’t cut it in today’s data-driven applications – not for your end users, your development team, or your business. That’s what drove the five companies in this e-book to change their approach to analytics. Download this e-book to learn about the unique problems each company faced and how they achieved huge returns beyond expectation by embedding analytics into applications.

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PODCAST 151: Leads Don’t Matter: Moving From a Sales-led to a Product-growth Orientation with Stephanie Cox

Sales Hacker

If you missed episode 150 check it out here: Driving Sales Home: Tips From an Auto Dealership with Michelle Benfer. powered by Sounder. Subscribe to the Sales Hacker Podcast. We’re on iTunes. And on Stitcher. Show Agenda and Timestamps. Show Introduction [00:02]. The power of a coffee meeting: How Stephanie amped up her career [6:33]. How to shift from marketing to sales without losing steam [14:11].

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12 hilariously bad sales pitches you should avoid as a salesperson

CloseSaaS

From pleading for attention, to yelling on a cold call, to assuming the prospect is sitting at home binge-watching Netflix: these hilarious sales pitches are some of the worst we’ve ever seen. Have a good laugh while you learn how to avoid making the same mistakes with your own sales pitches.

Sales 52
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6 Ways Of Protecting Your Business From Cyber Threats

SaaS Metrics

Cybersecurity has become a common topic in modern tech discussions, and rightly so. Many businesses have experienced a lot of cyber-attacks in recent years. The sudden increase in the rate of these crimes can be attributed to the ever-advancing technology. Of course, the innovations and advancements brought to the table are aimed at increasing your overall application security.

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20 Best Customer Experience Quotes

SmartKarrot

Customer experience is a growing discipline and has become more important than ever. Good customer service is important for businesses to not lose customers or gain a bad reputation. Customer experience is essential for any business. Customer experience is the end result of what people think about your brand. Customer experience transforms the brand image, increases retention, and creates loyalty.

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6 Reasons Why Your Integrated Payments Strategy Could Fail

If you're in the software industry grappling with integrating payments into your business model, understanding where others have stumbled can be a game-changer for your revenue goals. Discover 6 key reasons behind the struggles many face. The challenge goes beyond the technicalities of integrating a payment system; it delves into the strategic oversight of revenue shares, negotiations with payment providers, and the full exploitation of potential revenue streams.

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Integrate With Your Competitors. It’s not only OK. It’s Better.

SaaStr

Secret trick so many founders resist: * Integrate with your competitors * Open your API to your competitors * Make it easy for your customers buy both you and a competitor together. If you are truly valuable, you win here. If you aren’t, you are going to lose anyway. — Jason BeKind Lemkin (@jasonlk) March 8, 2021. We must have evaluated 40 digital events platforms here at Team SaaStr since Covid hit.

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Mar 09 – Customer Success Jobs

SmartKarrot

Role: Vice President, Customer Success Location: Boston, MA, US Organization: Immuta As a Vice President of Customer Success, you will map the customer journey beginning with implementation. Define the segmentation of the customer base and varying strategies for each segment. Create a Customer Advisory Council to influence the business’s strategic direction and longer-term product roadmap.

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How Much Do Snapchat Ads Cost?

Neil Patel

Creative advertising gives you more bang for your buck, and Snapchat is a perfect channel to showcase this; but how much do Snapchat ads cost? Here’s the thing about advertising on social media channels such as Snapchat: you’re in control of the costs. You can constantly tweak your approach to improve your ROI. Snapchat may be ideal for you if you’re on a strict budget.

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There are No Shortcuts: 5 Hard-Won Lessons from Zenefits CEO Jay Fulcher

OPEXEngine

In August 2020, Zenefits CEO Jay Fulcher posted on LinkedIn , saying, “Success takes work, study, time, grit, courage, experimentation, resilience, and a belief in yourself that may not always be steady but never goes completely away … there are no shortcuts.”. Garnering nearly 1 million views, 14,000 likes, and more than 1,100 comments, his message clearly struck a chord.

Scale 52
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Monetizing Analytics Features

Think your customers will pay more for data visualizations in your application? Five years ago, they may have. But today, dashboards and visualizations have become table stakes. Turning analytics into a source of revenue means integrating advanced features in unique, hard-to-steal ways. Download this white paper to discover which features will differentiate your application and maximize the ROI of your analytics.

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The Great CPC Hoax: Why Cost Per Click Doesn’t Matter for High-ROI Ad Campaigns

Neil Patel

People always ask me the same question about AdWords: “What’s a ‘good’ cost per click?”. My response back to them is always the same: “Why do you care?”. See, most people have AdWords wrong. They obsess over the costs. They know that more and more competitors are advertising on the platform, which drives up prices. So they’re zeroed-in on how much they’re going to have to spend.

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Why a Data-Driven Customer Success Program is Crucial to Your Success

Totango

Do you have a favorite business? Perhaps a local restaurant where you’re greeted by name and immediately handed your beverage of choice. Or maybe there’s an online retailer who provides quick shipping and goes above and beyond to correct any issues. Or it might even be your trusty handyman who always makes himself available when the refrigerator breaks or the kids toss a ball through the kitchen window ( again ).

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Navint: A modern lead-to-revenue strategy and solution for today’s continuous customer

Navint

In today’s digital world, an “end-to-end solution” is something of a misnomer. Organizations aren’t starting at one point and working towards another—rather, they are rebuilding, integrating and retrofitting legacy systems, tools and processes while adding new capabilities and services. Their growth is not fueled by a single tool or solution, but by an underlying strategy that addresses.

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Squarespace Vs. Wix

Neil Patel

Disclosure: This content is reader-supported, which means if you click on some of our links that we may earn a commission. Wix takes the prize for simplifying the process of making a website. Its drag-and-drop interface, hundreds of apps, and wider pricing options mean anybody can whip up a website without breaking a sweat. . Squarespace has a better selection of design templates but its customization options require more technical confidence.

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10 Red Flags in Integrated Payment Partnerships: Moving Towards a Mutual Benefit

Navigate the complex world of integrated payment partnerships with this essential guide, a treasure trove of insights for software companies. It unveils ten critical red flags to watch out for, from the dangers of hidden fees to the constraints of restrictive contracts. This guide is crucial for identifying potential pitfalls and aligning with the right partners.