article thumbnail

Guest Post: Trends of Customer Service in 2023

ShepHyken

This week, we feature an article by Prabhjot Singh at Knowmax , a company that empowers customer experience teams to improve engagement through AI-powered knowledge management. He talks about the trends that customer service and experience professionals can expect for the remaining months of 2023.

article thumbnail

Financial Services Reputation Management: Secure Lifelong Customers

InMoment XI

Savings and Loans Associations Savings and loans associations can succeed with their reputation management initiatives by focusing on providing exceptional customer service, offering personalized financial solutions, and cultivating strong relationships with their members. 52 Online Reputation Statistics for 2023. ( [link] ).

Financial 260
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Top 5 Customer Service & CX Articles for Week of October 2, 2023

ShepHyken

And then there’s the second sentence: “According to a Harvard Business Review article, employee experience is the key driver of customer experience …” Then, don’t miss the fifth tip on how technology can waste a massive amount of your employees’ time. My Comment: What I’m about to write may lead you to believe I don’t like this article.

article thumbnail

Service Strategy: The Most Powerful Tool You Can Have

CSM Magazine

My answer to that question is this: You develop a strategy that emphasizes customer service above all else. When you provide service that is so extraordinary that you earn customersloyalty for life, you will own the market. billion in 2023, an increase of 12 percent or $60.8 billion over 2022.

Tools 59
article thumbnail

Unlocking the Untapped Potential of Customer Service for Business Growth

Interactions

The Interactions’ survey conducted in March 2023, titled “CX and the Consumer: Pitfalls and Possibilities,” involving 1,000 US consumers, demonstrates how exceptional customer service can be utilized as a potent instrument for cultivating long-lasting connections with customers, leading to enhanced loyalty and business expansion.

article thumbnail

9 Strategies to Improve Customer Retention Rate in 2023

SurveySensum

This shows the high cost of customer acquisition and how, at times, businesses fail to recoup their initial investment. In contrast, Company B chose to focus on retaining its existing customer base by introducing loyalty programs. Now that we know what the customer retention rate is, let’s have a glance at how to calculate it.

article thumbnail

6 Customer Experience Trends that are ruling the Automotive Industry in 2023

SurveySensum

According to a survey conducted by McKinsey & Company , 53% of customers consider a better service experience to be more influential than the actual purchase experience in the entire customer journey. Suggested read: Why Customer Experience Is The Real Driver Of Brand Success?