InMoment XI

SEPTEMBER 12, 2023

Market Position and Brand Analysis: How do consumers perceive your competitors? The Importance of CRM Databases in Competitive Analysis Customer Relationship Management (CRM) databases are essential tools for storing and tracking customer information, interactions, and sales history.

Marketing 260

Marketing Competitive Advantage Return on Investment Poor Customer Service 260

Oracle

APRIL 15, 2021

Annual reports on CX are replete with growth projections and statistics that quantify its critical importance to modern customer acquisition and retention strategies. trillion annually due to poor customer service, according to Accenture. Customers want convenient communication. 21 CX Predictions for 2021.

2021 94

2021 Loyalty Programs Poor Customer Service Loyalty 94

CSM Magazine

JANUARY 18, 2022

Statistics show that about 58% of American consumers will switch companies because of poor customer service. There is, therefore, a need for businesses to invest in customer service and marketing techniques to encourage their clients to keep supporting their services and products.

Customer Service 52

Customer Service Marketing Poor Customer Service Loyalty Programs 52

GetFeedback

DECEMBER 21, 2018

Customer retention statistics: More than 6 in 10 U.S. consumers say that their go-to channel for simple inquiries is a digital self-serve tool such as a website, mobile app, voice response system or online chat. billion per year due to avoidable consumer switching. American Express ). companies lose $136.8 CallMiner ).

Customer Retention 390

Customer Retention Net Promoter Score Poor Customer Service B2B 390

Up Your Service

MAY 3, 2017

Using information about a specific request to anticipate future ones is critical in an era where on-demand apps and 24-hour access to brands are raising customers’ expectations. Customers are delighted when brands care more about them than how much they’re paying and what time they’re checking out,” Kaufman says.

Hospitality 74

Hospitality Travel Brands Airlines 74

LiveChat

APRIL 10, 2017

Yes, finding your first customers is incredibly difficult, but turning one-time buyers into return customers isn’t nearly as hard. It’s also less time-consuming, and actually much more profitable. Using a Customer Relationship Management System. Sure, companies might have had an 800-number consumer could call.

Customer Retention 28

Customer Retention Loyalty Programs Customers Social Media 28

SurveySparrow

JUNE 20, 2023

Customer retention rates increase by 5% for every 1% increase in customer satisfaction. 64% of customers expect companies to respond and interact with them in real-time. Companies with higher customer satisfaction ratings see a 12% increase in stock prices. times more likely to retain customers.

Customer Satisfaction 52

Customer Satisfaction Loyalty Net Promoter Score Loyalty Programs 52