article thumbnail

Customer Survey Statistics: Everything You Need to Know

InMoment XI

(Source: White House Office of Consumer Affairs via Help Scout ) 95% of customers share bad experiences with others. The Power of a Good Customer Experience. 81% of companies who are able to deliver customer experience excellence outperform their competition. Source: Zendesk ). Source: RightNow ).

article thumbnail

Is the Chief Experience Officer a Worthwhile Addition to the C-Suite?

Retently

But taking customer experience lightly can be dangerous too. Some studies suggest that poor customer service costs businesses up to $62 million per year. trillion annually when their customers leave – and that’s only in the US. Others are less “optimistic,” saying that companies stand to lose up to $1.6

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Covid has Exacerbated the Customer Service Issue

Interactions

On top of all of this, it has created countless customer experience challenges which many organizations have been unable to meet. A recent study by the UK Institute of Customer Service found that complaints about poor customer service are at their highest levels since 2009. The research is clear.

article thumbnail

Guest Blog: Instant Customer Service – Just Add Text Message

ShepHyken

According to Forbes , Businesses are losing $62 billion per year through poor customer service. Bad customer service doesn’t just impact your revenue now, but can dramatically affect it in the future as study shows 86% of consumers said they’ve stopped doing business with a company after a bad customer experience.

Blog 81
article thumbnail

Is the Chief Customer Officer a Worthwhile Addition to the C-Suite?

Retently

But taking customer satisfaction lightly can be dangerous too. Some studies from 2016 suggest that poor customer service costs businesses up to $62 million per year. trillion per year when their customers leave – and that’s only in the US. Fosters a Company-Wide Customer-Centric Culture.

article thumbnail

The customer is enraged

Service Untitled

The July issue of Consumer Reports stated there were 1.1 million complaints against North American businesses last year; up 10 percent from 2009. So why are so many people so dissatisfied with customer service ? Jack Abelson, a retail industry consultant called customer service “abominable.&#

2009 42