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How businesses in Australia are losing $11bn a year due to poor customer service – a 38% increase from 2014 (INFOGRAPHIC)

Vonage

Check out this infographic to discover the impact of poor customer service and then download our free research report for more info. Related Posts Create a vision for your customer service education. When things go wrong, how should you make it up to your customers? It’s not the product. It’s the experience.

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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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Master the Market: A Deep Dive into Competitive Analysis

InMoment XI

These could be features that no current products offer, service needs that are not adequately addressed, or new ways to engage customers. These are areas where you have the opportunity to differentiate your business and gain a competitive advantage.

Analysis 195
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How to Make Customer Service A Competitive Advantage

TeamSupport

Many are turning to emerging technologies and processes, like the ones below, to develop customer-centric strategies. How to optimize the B2B customer experience for a competitive advantage. Rather, it will provide service teams with an opportunity to foster more one-to-one connections with their customer base.

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Managing Customer Experience Like a Pro: Inside a CX Manager’s Daily Workflow

Retently

But CX isnt just about making things easier its a major competitive advantage. That means a CX Manager isnt just responsible for handling customer concerns; theyre shaping how customers feel about the brand, turning one-time buyers into lifelong fans.

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Transforming the B2B Supply Chain – a Whitepaper by Coreen Head

ijgolding

These Days, it’s All About Competitive Advantage. Customers are more demanding, products are often cloned or imitated and markets have become “commoditised.” 70% of consumers are willing to spend an average of 13% more with companies providing excellent customer service. PART 2: What’s Your Competitive Advantage?

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The Three Leading Causes of Customer Churn

Retently

You can of course try to stand out with competitive advantages like more features or buy them off with incentives; however, you will be always facing the challenge to lose this customer. Integrate support and marketing tools for a complete overview of the customer experience. Create a customer-centric culture.