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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. That failure results in 67% of customers becoming what they call “serial switchers.”

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What Came First COVID-19 or Poor Customer Service?

CSM Magazine

Just like the chicken or egg conundrum the same could apply to COVID-19 and poor customer service. As many organisations hide behind the pandemic for failing service standards, Abbie Heslop, Commercial AI Analyst, EBI.AI What came first, Coronavirus or poor customer service? About the Author.

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40 Customer Retention Statistics You Need to Know

GetFeedback

Only slightly more than 10% of consumers are willing to stay on the line for over five minutes for customer service. ( Genesys ). Faced with poor customer service, 20% of consumers would complain publicly via social media. ( 42% of respondents have left a business due to poor customer service. (

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What is Poor Customer Service Costing You And How Can A Consulting Firm Help?

The DiJulius Group

With customer expectations at record high levels, it’s essential to know the causes and. Read Full Article The post What is Poor Customer Service Costing You And How Can A Consulting Firm Help? Today’s consumers demand to do business with the people and brands that will offer them the best experience.

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Execs Still Don’t Get Customer Experience

Experience Investigators by 360Connext

When Oracle released their White Paper Why Customer ‘Satisfaction’ is No Longer Good Enough , the stats caused quite a stir, and rightfully so. 70% of shoppers have stopped buying goods or services from a company after experiencing poor customer service.

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Customer Survey Statistics: Everything You Need to Know

InMoment XI

(Source: Forrester ) 40% of customers start buying from a competitor because of their reputation for great customer service. Source: Zendesk ) 55% of consumers have intended to make a purchase, but backed out because of poor customer service. Asking for Feedback via Customer Surveys Statistics.

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Why New Customer Rewards Stink For The Rest Of Us

Experience Investigators by 360Connext

Each time a customer leaves and returns, it costs the company money. And not to mention the word-of-mouth fallout from poor customer service. There are the famous examples now of fed-up customers doing everything from posting flaming sites to picketing outside the corporate office.