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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. The customer service rock stars tout the accolades and awards that they have received.

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Consumers Ditch Businesses Following Poor Customer Service

CSM Magazine

Brands are failing to create the positive, emotive experiences that drive customer loyalty. New research from NewVoiceMedia reveals that 42 percent of UK consumers left a business last year due to poor customer service. customer service issues (16 percent), followed by email (12 percent).

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Customer Service VS. Customer Experience: What is the Difference

Lumoa

Every business wants loyal customers, but figuring out how to create customer loyalty isn’t easy. While customer service and customer experience are two key terms often used in discussions about customer loyalty… what do they actually mean? What Is Customer Service?

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What Poor Customer Service Says About Your Business

Talkdesk

Every good business leader knows that poor customer service is to be avoided. It is in the best interest of every company to treat their customers well. After all, it’s the customers who ultimately have power in the relationship. Many companies think about customer service from the business perspective.

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Customer Survey Statistics: Everything You Need to Know

InMoment XI

For a $10 billion company, a modest shift in customer experience can result in $116 million reduction in churn and $103 million from word of mouth marketing. Source: Forrester ) 40% of customers start buying from a competitor because of their reputation for great customer service. Source: Reichheld via CheckMarket ).

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Enhancing the Fan Experience through Sports Betting Customer Service

CSM Magazine

With sports betting becoming increasingly popular in such a short amount of time, many sportsbooks have had to learn fast about how to deliver the best possible experience for their customer base. Customer service is integral to this experience and operators must strive to achieve an extremely high standard.

Sports 52
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Why Digital Customer Service Depends on Software and Soft Skills

NICE inContact

If delivering extraordinary digital customer service were as simple as following a formula, everyone would be doing it. In fact, 89% of tweets from customers to businesses still go unanswered, and poor customer service is one of the main reasons for customer churn. But not everyone is.

Software 156