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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. Customer feedback.

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Customer Satisfaction Best Practices: Insights for Marketing Experts

SurveySensum

A company, despite investing heavily in marketing and advertising, struggles to retain its customer base and faces a decline in sales. Well, here’s a startling statistic to ponder: 82% of customers stop doing business with a company due to poor customer service. Sound familiar?

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40 Customer Retention Statistics You Need to Know

GetFeedback

Unhappy customers are more likely to leave, and when they do, they take a piece of your business with them. 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. New Voice Media ).

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50+ Customer Retention Statistics You Should Know

ProProfs Chat

Statistica backs this statement with their survey that found out that 12% of Americans would leave a brand if they can’t offer “speedy” customer service. 50% of customers agreed that they leave a company because the company fails to meet their needs. Poor customer service drives customers away.

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Beyond Service: 14 Strategies to Improve Customer Satisfaction

SurveySensum

Engage in Dialogue : Don’t just collect feedback passively, engage in meaningful dialogue with your customers. Monitor Performance : Regularly monitor your performance in meeting customer expectations. Customer service isn’t just a department – it’s the heartbeat of your business.

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Beyond Service: 14 Strategies to Improve Customer Satisfaction

SurveySensum

Engage in Dialogue : Don’t just collect feedback passively, engage in meaningful dialogue with your customers. Monitor Performance : Regularly monitor your performance in meeting customer expectations. Customer service isn’t just a department – it’s the heartbeat of your business.

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Reduce Customer Churn with the Voice of the Customer (VoC)

Thematic

A focus on customer acquisition often overshadows the vital task of retention. A shocking 66% of consumers end relationships with companies due to poor customer service. This highlights a disconnect: Customers crave positive experiences, yet businesses sometimes must listen proactively. The consequence?