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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. 42% of respondents have left a business due to poor customer service. (

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5 Top Customer Service Articles For the Week of September 28, 2020

ShepHyken

CX50 2020: Great customer experience starts with company culture by Morag Cuddeford-Jones. MarketingWeek) At our exclusive roundtable featuring members of 2020’s CX50, the consensus was that taking care of employees has helped take care of customers in this time of crisis. (The Here are my top five picks from last week.

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DIY Trend Offers New ‘Ins’ for Retail Brands

NetBase

Brands are taking notice of the DIY trends that are experiencing explosive growth right now. This DIY trend is offering new ‘ins’ for retail brands to reach new segments. eCommerce will surge 18% in 2020 – thanks in part to the popularity of DIY. And many savvy brands are doing just that. And it comes at a good time.

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Best Practices for Meeting (and Exceeding) Customer Needs

Stella Connect

There are some brands that seem to just get it, that understand customer wants and needs and are able to meet and exceed those expectations in the moment, at any given moment in time. . And what sets these customer-centric leaders apart from the rest? 4 Strategies for Meeting and Exceeding Customer Needs. #1:

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What Customer Service Leaders Should be Prioritizing in 2022

Stella Connect

The new key performance indicator for businesses of all sizes and industries is customer experience, and that’s why meeting customer expectations and needs is more important than ever. Brands that fail to do so risk losing half of their customers or more, when poor experiences arise, according to our research.

2022 52
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Amazing Business Radio: Scott Harris

ShepHyken

Legacy CX is telling your customers that their feedback matters because you will be using their feedback to shape the experience for future customers. We’re now seeing a paradigm shift in CX that empowers not only the customer but also the employees to shape the experience. Harris is also the author of CX 2.0:

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63 Incredible Customer Service Statistics [Infographic]

Ecrion

The term customer service is a catch-all phrase that roughly equates to a customer’s experience with and perception of your brand. Experts agree that customer service expectations are on the rise. Every year, businesses lose billions in potential revenue thanks to one thing: poor customer service.