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Customer Retention Strategies: 4 Phases for Development

ConversionXL

Compare that to more than two-thirds of CMOs who expect to increase customer acquisition, increased purchase volume, and more effective cross-selling: That’s too bad. I can safely say that about three-quarters of my clients did not have a formal strategy to retain and cultivate their current customers prior to hiring us.

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The Beginner’s Guide to SaaS Conversion Optimization

ConversionXL

He explained his way of approaching new clients and offered this pyramid as a visualization: Image courtesy of Stephen Pavlovich. Expansion MRR: Expanded revenue from existing customers, usually from upsells and cross-sells. What upsells and cross-sells can be given to the best customers? Gross margin.

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The 4 Phases For Developing A Customer Retention Strategy

ConversionXL

I can safely say that approximately 3/4 of my own clients did not have a formal strategy to retain and cultivate their current customers prior to us working with us. Hangups in the user experience. of their clients (or approximately $60 million dollars annually). greater ability to upsell & cross-sell.

Customers 115
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How To Develop Your Customer Retention Strategy

ConversionXL

I can safely say that approximately 3/4 of my own clients did not have a formal strategy to retain and cultivate their current customers prior to us working with us. Hangups in the user experience. of their clients (or approximately $60 million dollars annually). greater ability to upsell & cross-sell.

Customers 112
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The 4 Phases For Developing A Customer Retention Strategy

ConversionXL

I can safely say that approximately 3/4 of my own clients did not have a formal strategy to retain and cultivate their current customers prior to us working with us. Hangups in the user experience. of their clients (or approximately $60 million dollars annually). greater ability to upsell & cross-sell.

Customers 105
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The 4 Phases For Developing A Customer Retention Strategy

ConversionXL

I can safely say that approximately 3/4 of my own clients did not have a formal strategy to retain and cultivate their current customers prior to us working with us. Hangups in the user experience. of their clients (or approximately $60 million dollars annually). greater ability to upsell & cross-sell.

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How to Conduct a SaaS Funnel Audit

ConversionXL

Expansion MRR: Expanded revenue from existing customers, usually from upsells and cross-sells. What upsells and cross-sells can be given to the best customers? Gross margin. Knowing your CAC will help you with: Determining your actual profit margins. Customer Lifetime Value (LTV or CLV). Conclusion.