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40 Customer Retention Statistics You Need to Know

GetFeedback

Learn about the top two customer surveys for predicting and increasing customer retention. Anytime a customer cuts ties, you experience the negative impact of customer churn. Customer retention statistics: More than 6 in 10 U.S. billion per year due to avoidable consumer switching. CallMiner ).

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Customer Support Trends Every Business Needs to Know

Stella Connect

This is just one key takeaway from Customer Service Trends for 2022: Preparing for the Future of Customer Service , a comprehensive report based on our customer service study of more than 2,100 consumers in the US and UK. 4 Critical Customer Support Trends and Why They Matter for Your Business.

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The silent exit of poor customer service

Service Untitled

Most customers who feel they have been the recipients of poor customer service will never vocalize their feelings to a particular organization. So what are some of the more obvious signs of poor customer service that silently drive customers away?

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How to Turn NPS Detractors Into Promoters

Lumoa

Unhappy customers can potentially damage your brand’s perception, spreading negative vibes about your business and seriously tarnishing your brand reputation. In fact, a new study conducted by Oracle found that 88% of customers share their negative experiences with their friends and colleagues. What Is a Detractor?

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Does a lack of human interaction cost businesses money?

Vonage

Technology has altered customer service expectations forever. Today’s always-connected consumers are more adept at seeking out their own answers than ever. Mobile apps and support portals provide customers with the tools to access round-the-clock service without ever needing to speak to a person. .

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Is the Chief Experience Officer a Worthwhile Addition to the C-Suite?

Retently

But taking customer experience lightly can be dangerous too. Some studies suggest that poor customer service costs businesses up to $62 million per year. trillion annually when their customers leave – and that’s only in the US. Others are less “optimistic,” saying that companies stand to lose up to $1.6

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Customer Service Week: A Time to Celebrate Customers AND Employees

ShepHyken

And of course, one of my favorite “holidays” is National Customer Service Week , which happens the first full week of October each year. Traditionally, Customer Service Week has been the time to highlight and celebrate the great work employees do to take care of their customers. This year it’s October 5-9.