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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

Customer experience is the key differentiator, and by doing it well, organisations can drive the customer acquisition, retention and efficiency that make leading companies successful. Check out this infographic to discover the impact of poor customer service and then download our free research report for more info.

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When Live Chat Won’t Help Poor Customer Service

Velaro

I’ll have some great examples to share in a few weeks, but for now and more generally, live chat’s ability to easily collect and report meaningfully on agent-level, team-level, and organization-level data makes it the easiest channel to use to fuel your efforts at continually improving the quality of your customer service.

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$75 Billion Dollars Is Lost Due to Poor Customer Service

ShepHyken

Two years ago I reported on NewVoiceMedia’s “serial switchers” report that indicated that $62 billion was lost due to poor customer service. That number, in their new report now has that number pegged at $75 billion! That failure results in 67% of customers becoming what they call “serial switchers.”

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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. Only slightly more than 10% of consumers are willing to stay on the line for over five minutes for customer service. ( Genesys ).

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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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The $62 billion customer service scared away [INFOGRAPHIC]

Vonage

New research from NewVoiceMedia offers a compelling view of the consequences of poor customer service in the U.S. businesses each year following bad customer experiences. Check out this infographic to discover the impact of poor customer service and then download our free research report for more info.

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The cost of NOT focussing on Customer Experience

ijgolding

Only last week, research from Ombudsmen Services in the UK found that 79% of people will avoid a brand or company if they have received poor service in the past – this is not new news. Only today, UK house builder, Bovis Homes saw their shares plunge as customer service failings dragged down their profits in 2016.