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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. Here are 40 customer retention statistics that reinforce the growing need for customer experience management.

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6 Things Every CEO Should Know about Customer Service

Tricia Morris

companies alone each year due to poor customer service. But according to the same report, after a positive customer experience, 69% of consumers would recommend the company to others and 50% would use the business more frequently. It costs six times more to acquire a new customer than to retain a current one.

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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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3 Customer Service Training Secrets You’ll Wish You’d Known 5 Years Ago

Ecrion

Every year, businesses lose over $75 billion in potential revenue thanks to one thing: poor customer service. And while studies show that about 1 out of every 26 customers complain about poor customer service, over 90% of those dissatisfied customers simply stop working with your business — and never come back.

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Guest Post: The Art of Making Your Customer Happy Through Listening Carefully

ShepHyken

Whereas the purpose of the other is to empathize with the customer and take responsibility for solving the problem. Providing quality customer service experience is not that tough if you have the right understanding. What are the immediate impacts of listening to your customers carefully?

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9 Customer Experience Metrics to Help your Brand Succeed

delighted

CSAT, or customer satisfaction, is a metric that measures how satisfied customers are with your products and services. It is most commonly measured every time one of your customers interacts with your customer service representatives. Customer retention.

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The Complete Customer Service Training Guide

ProProfs Chat

If you fail to acknowledge them when creating the best customer service training program for e mployees, you can end up facing consequences like: Losing more than 50% of customers who end up leaving because of poor customer service. For more customer service skills, read this blog post. .