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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. That number, in their new report now has that number pegged at $75 billion! That failure results in 67% of customers becoming what they call “serial switchers.”

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Evolution of Customer Experience in E-Commerce 2023

Lumoa

Customer Experience in E-commerce Trend Predictions for 2023. Providing exceptional customer service on an e-commerce platform is essential for maintaining a solid customer base. The Microsoft Global Service Report shows that 54% of respondents have higher expectations for customer service than the previous year. .

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Customer Support Trends Every Business Needs to Know

Stella Connect

Brands that don’t risk significant customer churn. 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.

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

ShepHyken

The customer service you provide would be… Amazing! Poor customer service can impact more than just those who experience it by Kristen Dalli. Consumer Affairs) Most consumers can relate to either seeing or experiencing poor customer service, whether it’s at a restaurant, hotel, or the grocery store.

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Best Practices for Meeting (and Exceeding) Customer Needs

Stella Connect

The power of capturing and adapting your customer service strategies based on the voice of the customer is undeniable, especially when you consider the immediate impact of just one poor customer experience. 40% of US and UK consumers say they will post about a poor customer service experience online.

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5 Top Customer Service Articles of the Week 7-26-2021

ShepHyken

Negative Employee Experiences Can Translate Into Poor Customer Service, Report Says by Emilie Shumway. (HR times more likely to say they do not provide excellent customer service and twice as likely to say they do not deliver quality outcomes. Here are my top five picks from last week.

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

ShepHyken

Customer Experience Mistakes That Can Ruin Your Business by Nate Vickery. CustomerThink) The Customers 2020 Report states that by the year 2020, customer experience will take its rightful place as a key brand differentiator. My Comment: If you want to ruin your customer’s experience, here are five ways to do it.