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40 Customer Retention Statistics You Need to Know

GetFeedback

US auto insurance carriers that have provided customers with consistently best-in-class experiences have generated two to four times more growth in new business and about 30% higher profitability than their counterparts with an inconsistent customer focus. consumers say customer experience at most companies needs Improvement. (

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Customer Service Week: A Time to Celebrate Customers AND Employees

ShepHyken

The top response, with over 65% of respondents in agreement, is that people just want to be treated like a valued customer—with kindness, respect and dignity. Customers are people, not account numbers. That goes a long way toward creating a great customer experience. On the flip side, what influences poor customer service?

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5 Top Customer Service Articles for the Week of July 9, 2018

ShepHyken

I enjoyed the author’s sarcastic approach to what companies do to fail their customers. (I I especially like the first one, which is to treat new customers better than your loyal customers.). Poor Customer Service Costs UK Businesses £37 Billion by Stephanie Liais. That’s almost $50 billion USD.)

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5 Top Customer Service Articles for the Week of April 8, 2019

ShepHyken

This comes as no surprise, especially if we take into account the rise in today’s customer-centric culture. My Comment: If you want to ruin your customer’s experience, here are five ways to do it. How to Engage Remote Customer Service Teams by John Ernsberger. But perhaps the most enticing news of all?

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This Is How You Save On Customer Support

LiveChat

From becoming “friends” with customers via social media to getting inside their pockets via smartphone apps to offering customer support 24 x 7 x 365, businesses have pulled no stops at pleasing the customer in the race for market domination. On the other hand, poor customer service can cost companies dear.

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6 Things Every CEO Should Know about Customer Service

Tricia Morris

companies alone each year due to poor customer service. But according to the same report, after a positive customer experience, 69% of consumers would recommend the company to others and 50% would use the business more frequently. It costs six times more to acquire a new customer than to retain a current one.

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Beyond Service: 14 Strategies to Improve Customer Satisfaction

SurveySensum

Offer Exceptional Customer Service According to a Forbes report on “What customers want and expect” 92% of customers say they would stop purchasing from a company after three or fewer poor customer service experiences.