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Everything you need to know about the consumer of 2017

Vonage

To help arm you with the information needed to thrive in this competitive environment, here are 10 stats that tell you everything you need to know about today’s consumer. Half of consumers move on after poor customer service. Poor customer service costs business billions annually.

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40 Customer Retention Statistics You Need to Know

GetFeedback

More and more, companies are recognizing just how much customer happiness impacts revenue , and they’re focusing on transforming their customer experience to meet modern expectations. Customer retention statistics: More than 6 in 10 U.S. billion per year due to avoidable consumer switching. American Express ).

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How Social Media Monitoring Can Impact Your Business

InMoment XI

Did you know consumers ranked social media in the top five most preferred channels for customer support? Furthermore, more than 80% of consumers expect a response from businesses on social media within two business days. This helps organizations understand the bigger picture behind consumer behavior and market performance.

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Execs Still Don’t Get Customer Experience

Experience Investigators by 360Connext

When Oracle released their White Paper Why Customer ‘Satisfaction’ is No Longer Good Enough , the stats caused quite a stir, and rightfully so. 70% of shoppers have stopped buying goods or services from a company after experiencing poor customer service.

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What a Customer First Strategy Means Post Pandemic

C3Centricity

But only 1% of customers feel that vendors consistently meet their expectations. 89% of consumers have stopped doing business with a company after experiencing poor customer service. RightNow Customer Experience Impact Report. Customers 2020 Report. CEI Survey. Bain & Co.

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What 1000 Consumers Say About Bad Customer Service

Kayako

What you can do to rectify bad customer service. Word of mouth marketing is one of the most valuable forms of marketing with 92% of consumers believing recommendations from friends and family over all forms of advertising. It’s our job everyday to make every important aspect of customer experience a little bit better.”

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7 Important Questions to Ask Customers for a Better Customer Experience

GetFeedback

This applies to everything from your customer service to the way that information is presented on your website. According to one report , U.S. businesses are losing $75 billion per year through poor customer service alone. How could we have exceeded your expectations?