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How To Enter the 2020 Members' Choice Awards - For Vendors




How Do Analytics Factor into Acquiring & Retaining Customers? - Alorica - Blog

How Do Analytics Factor into Acquiring & Retaining Customers?

The Importance of Acquisition and Retention

Let’s start with a couple facts. It’s been shown that:

  • A 5% increase in customer retention can boost profits by 25%
  • Brand promoters are worth 3x more than passive customers, and 7x more than detractors
  • Companies with greater retention rates account for 75% of that additional value, and encouraging a passive customer to become a promoter is roughly 3x more valuable than convincing a detractor to become passive

The truth is, many companies have difficulty acquiring and retaining customers. So what’s the solution? How can you keep your business in motion and on an upward trend by not only bringing on new customers, but maintaining the customer relationships you already possess?

Simple. Analytics.

It’s Good to Get Analytical.
Analytics are critical for maintaining and growing your customer base because they play a large role in making those customers feel cared for. Analytics allow you to reach the right customers at the right time, increase your propensity to connect, convert and ensure customers are more likely to stay in contact with your brand. In addition, analytics let companies personalize the customer experience, reducing the need for mass sales pitches or blanket selling.

Our extensive analytical capabilities track (among other metrics) time of day, lead demographics and scoring, bucket reports (funneling customers to help drive conversion) and number of call attempts. And yet, analytics are practically useless unless you can truly put them to work.

Actionable Analytics: Why Analysis Matters
The sad truth is that analytics are often only reported, and not analyzed. This leads to lowered effectiveness for the company as well as decreased revenue opportunities, as potential sales are lost by continuing to mass-sell (versus targeting preferred demographics).

But it doesn’t have to be that way. Data enables companies to build warm lead lists, predict propensity to connect and increase first-attempt connects, all of which can help increase your sales results as much as 20-25%.

The Bottom Line
Access to analytics is important, but analyzing the analytics – putting the data to work for you – that’s where the difference is made. It’s all about predictive models that leverage diverse sources of data such as text, survey responses, and customer profiles. Our Center of Analytical Excellence has access to data from over 300 million households, which, when coupled with Alorica’s 30 years of experience, allows us to fully analyze and interpret information – and not just merely spit out numbers.

That’s how you gain customers. That’s how you keep customers. Simply put, that’s what grows your company. And growing your company is what Alorica is all about.


Publish Date: May 25, 2016 5:00 AM

2020 Buyers Guide Automation


Agara is an autonomous virtual voice agent powered by Real-time Voice AI. It is designed to have intelligent conversations with your customers, vendors, and partners without any assistance from human agents. It can handle a wide variety of calls including inbound customer care calls, outbound lead generation calls, appointment scheduling calls, and overdue payment recovery calls.

Agara is available for several industries including banking, insurance, retail, e-commerce, airlines, and telecom. Powered by advanced Real-time Voice AI that understands speech in real-time, automatically determines the right process to follow and guides the caller along in the process with natural conversation.
PH: +1 (512) 333 4634

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