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Customer retention in the telecom industry – new thinking

TechSee

With the telecommunications industry at saturation point, and with services largely commoditized, providers suffer from exceptionally high rates of churn. Accenture reports that 77% of consumers are no longer loyal to any particular brand, telcos must work harder than ever to retain their customer bases.

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Crash and Churn: survey reveals the customer service fails that cause attrition

TechSee

The industry that experiences the highest rates of churn is telecommunications, with 52% of those surveyed reporting that they canceled a phone, internet, TV or cable contract with a telecom company in the past 24 months due to the quality of customer service they received.

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What Are Answering Services and Why Do Businesses Need Them?

Magellan Solutions

Excellent customer service can lead to a more powerful sales funnel, which means more customers and business revenue. Everyone can share a horror story about poor customer service. But not all businesses provide a fantastic job in this area. Scale Business Efficiently Is your business seasonal?

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Your service quality isn’t defined by your industry

Customer Enthusiast

I was recently asked which industry sectors have the most issues with poor customer service and what could be causing this? Telecommunications (telecom, TV, internet), health plans, government offices, airlines, and insurance are the industries that consistently produce the lowest overall customer satisfaction (OSAT) scores.

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12 Customer Service Challenges Faced by Fast-Growing Industries

transcosmos Information Systems

To have a better understanding of customer service, here are the usual challenges encountered by fast-growing industries nowadays. Telecommunications. Resolving massive customer complaints on products and services . Using outdated systems gives customers an idea that they aren’t putting consumer needs ahead.

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How the Telecom Industry Can Solve Its CX Problems

inmoment

Research shows that telecommunications companies consistently receive lower customer experience (CX) scores than any other industry. That’s partly because people tend to have much higher customer experience standards for telecoms than they might have for other businesses.

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Answering Service for Small Businesses Brings Value

Call Experts

Not only did this increase their workload, but it also caused a decline in customer satisfaction. And when customer satisfaction decreases, so does your bottom line. 33% of consumers would consider switching companies immediately after poor customer service. But it’s not just about your customer’s experience.