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Everything you need to know about the consumer of 2017

Vonage

Half of consumers move on after poor customer service. In NewVoiceMedia’s whitepaper, Serial Switchers Strike Again , we learned that 49 percent of consumers switch companies after receiving service that does not meet their expectations. Poor customer service costs business billions annually.

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How Independent Retailers Can Enhance Digital Customer Experiences

Win the Customer

The cost of poor customer service is going up, rising from $41 billion lost in 2013 to $62 billion in 2015 , according to research reported by NewVoiceMedia. Independent retailers are in a unique position to really set themselves apart from big corporations with the special touches they add to customer experience.

Retail 111
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Crash and Churn: survey reveals the customer service fails that cause attrition

TechSee

The industry that experiences the highest rates of churn is telecommunications, with 52% of those surveyed reporting that they canceled a phone, internet, TV or cable contract with a telecom company in the past 24 months due to the quality of customer service they received.

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Up Where Expectations Soar: Customer Care in the Age of Entitlement

BlueOcean

The trend of personalized customer experience has since transformed almost every industry as we know it. From the retail experience to social media connections to issue resolution via the contact center, customers want their individual needs known and reflected in the interactions, services, and products they pay for.

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87% of Consumers Want to Be Contacted in Their Preferred Channel. Enter: Hybrid Customer Experience.

Kustomer

This accessibility is no longer a special feature, but rather an expectation for today’s customer; 87% of consumers get frustrated when they can’t contact retail customer service on their preferred channel. Take Personalized Support to the Next Level.

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Why is customer service constantly so bad in the UK?

Vonage

The impact of this is highlighted in new research which estimates that UK businesses lose £12 billion every year as a result of poor customer service. For years companies have focused on making customer service as cost-effective as possible, rather than providing a genuinely valuable service.

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The Cost of High Customer Effort

CSM Magazine

Bad customer experiences obviously damage existing customer relationships, but they can also endanger potential opportunities and erode your bottom line. Research by Microsoft found that 58% of consumers simply switch companies when they have a poor customer service experience. Another great example is Best Buy.