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$75 Billion Dollars Is Lost Due to Poor Customer Service

ShepHyken

Two years ago I reported on NewVoiceMedia’s “serial switchers” report that indicated that $62 billion was lost due to poor customer service. Customers want and expect more than ever before – because that’s what we have we taught them. That failure results in 67% of customers becoming what they call “serial switchers.”

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Bad Customer Service Isn’t the Problem. A Bad Culture Is the Problem

ShepHyken

Even several years before the pandemic began, The American Customer Satisfaction Index found the overall ratings slipping, even with brands most recognized for high levels of customer service. . It’s not like companies purposely provide poor customer service. The company can’t keep up.

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The cost of NOT focussing on Customer Experience

ijgolding

The question was as follows: What value has our business experienced as a result of all the Customer Experience (CX) work that has been done? They are not the first senior leadership team of a company to ask a question along these lines – they are very unlikely to be the last. Take a second to digest that information.

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Here’s a New Word: Skimpflation

ShepHyken

The result is that companies are forced to “skimp” on the quality and service customers have come to expect. Rather than deliver a poor customer service experience, they felt it was better to shut down part of the restaurant. None of us want to experience a lower level of service.

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Would You Fight to Make Your Customers Happy?

ShepHyken

These are the kind of people—and the kind of company—you want to do business with. I was having a conversation with a colleague and came up with the idea that you shouldn’t have to fight with a company to get your problem resolved or for them to make you happy. This is my “new best friend” at the software company.

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Service Untitled» Blog Archive » Impact of poor customer service.

Service Untitled

Service Untitled The blog about customer service and the customer service experience. According to The Australian , the company now plans to spend $100 million over the next four years to improve their customer service. Let’s see how companies rebuild tarnished reputations.

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5 Top Customer Service Articles for the Week of June 24, 2019

ShepHyken

One of the best ways to build customer trust is by providing great customer service. When your customers know that you have their backs, they’ll have complete trust in you as a company. This article focuses on one of the key strategies in driving customer confidence, and that’s creating trust.