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40 Customer Retention Statistics You Need to Know

GetFeedback

After having a positive experience with a company, 77% of customers would recommend it to a friend. 32% of all customers would stop doing business with a brand they loved after one bad experience. ( online adults shop more with retailers that offer consistent customer service both online and offline. Temkin Group ).

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Statistics that Predict the Future of Customer Service

Joe Rawlinson

According to Forbes, companies have lost $75 billion in 2018 owing to poor customer service, and this number has risen by $13 billion since 2016. The last thing any company would want is lost customers and the resultant loss in revenue. Microsoft ).

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Get Ready for The Shopping Season with These 10+ Tips

Comm100

Customers can experience many types of pain points, or common problems, while doing business with a company. Remedy existing customer pain points before the holiday rush by considering the following: Where do your customers currently experience friction in the buying experience? Encourage Research.

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The Complete Customer Service Training Guide

ProProfs Chat

If you fail to acknowledge them when creating the best customer service training program for e mployees, you can end up facing consequences like: Losing more than 50% of customers who end up leaving because of poor customer service. Related Read: Employee Training for Motivation, Success, and Retention.