Remove Consumers Remove Poor Customer Service Remove Sales
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40 Customer Retention Statistics You Need to Know

GetFeedback

Great customer experience is a major competitive advantage that drives new sales—and it’s predicted to overtake price and product as the primary brand differentiator for B2B sales by 2020. Customer retention statistics: More than 6 in 10 U.S. Customer retention statistics: More than 6 in 10 U.S. CallMiner ).

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The True Cost of Losing a Customer

BlueOcean

The far-reaching impact of a damaged reputation, the lost lifetime customer spend, and the expense of winning back that customer and/or acquiring new ones add up to a significant loss – in terms of both revenue and reputation. Protecting Against the Cost of Losing a Customer Losing a customer isn’t as simple as losing a single sale.

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7 Ways Customer Service Can Support Sales

Tricia Morris

If your brand focuses on consistent and authentic customer service and engagement both before and after the sale, a one-time customer can become a lifetime customer who also creates additional customers. companies alone each year due to poor customer service experiences.

Sales 86
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NEW REPORT: 98% of U.S. Consumers Say Customer Service is Important in Choice of, Loyalty to Brands

Tricia Morris

As customer service and the overall customer experience become key differentiators for brands and organizations across all industries, it has never been more important to know as much as you can about your customers and their expectations for service and engagement across channels. top customer frustrations. •

2015 101
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Master the Market: A Deep Dive into Competitive Analysis

InMoment XI

Market Position and Brand Analysis: How do consumers perceive your competitors? Sales and Marketing Strategy Analysis: Break down competitors’ sales funnels and marketing campaigns. These could be features that no current products offer, service needs that are not adequately addressed, or new ways to engage customers.

Marketing 195
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60% of Consumers Have Stopped Doing Business with a Brand Due to Poor Customer Service

Tricia Morris

This number is awfully high considering the technology available to both the customer and brands and organizations today, but common issues (most with relatively simple fixes) still remain. According to the survey here are consumers’ top four customer frustrations: 1. Customer expectations continue to mount.

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The True Cost of Losing a Customer

BlueOcean

The far-reaching impact of a damaged reputation, the lost lifetime customer spend, and the expense of winning back that customer and/or acquiring new ones add up to a significant loss in terms of both revenue and reputation. Protecting Against the Cost of Losing a Customer Losing a customer isnt as simple as losing a single sale.