Remove Article Remove Customer Expectations Remove Customer Retention Remove Poor Customer Service
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Master the Market: A Deep Dive into Competitive Analysis

InMoment XI

This article will walk you through how to conduct an effective competitive analysis, interpret the results, and turn those insights into actionable strategies. When used in competitive analysis, these databases can help you understand how your competitors are succeeding in areas like customer retention and loyalty programs.

Marketing 260
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100 Stats that Prove the Importance of Customer Satisfaction, Retention, & Loyalty

SurveySparrow

In this article, we have compiled 100 compelling statistics and metrics that demonstrate the crucial role customer satisfaction, retention, and loyalty play in the success of a business. 91% of customers who had a bad experience will not do business with the same company again.

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5 Top Customer Service Articles of the Week 5-30-2022

ShepHyken

Each week I read many customer service and customer experience articles from various resources. I have added my comment about each article and would like to hear what you think too. Yet 44% of companies say they’re more keenly focused on customer acquisition and just 16% on retention.

Article 13
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How to Deliver Outstanding Customer Experience in Media and Entertainment

CSM Magazine

When customers have a positive and satisfying experience, they are more likely to return, increasing customer retention. Word of Mouth : Satisfied customers are more likely to become brand advocates. They recommend your services to friends and family, thereby expanding your customer base.

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The Cost of High Customer Effort

CSM Magazine

Bad customer experiences obviously damage existing customer relationships, but they can also endanger potential opportunities and erode your bottom line. Research by Microsoft found that 58% of consumers simply switch companies when they have a poor customer service experience. The Cost of Bad Customer Service.

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Understanding Negative NPS Score: Causes, Impact and Solutions

Lumoa

Before we dive into our remedies, let’s take a look at some of the root causes that could be behind your score going south: Inadequate or Poor Customer Service Many customers tend to be unforgiving if their support experience isn’t up to scratch. But the damage doesn’t stop there.

NPS 83
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Evolution of Customer Experience in E-Commerce 2023

Lumoa

Companies should aim to meet their customersexpectations by continuing to fine-tune their customer experience (CX) programs. Here are the CX trends you can expect to see in 2023 and how to keep your e-commerce business on track with the evolution of CX. Customer service training for employees.