{"id":3529,"date":"2018-01-04T08:39:11","date_gmt":"2018-01-04T08:39:11","guid":{"rendered":"https:\/\/www.walkme.com\/blog\/?p=3529"},"modified":"2023-05-02T15:42:40","modified_gmt":"2023-05-02T15:42:40","slug":"customer-service-statistics","status":"publish","type":"post","link":"https:\/\/www.walkme.com\/blog\/customer-service-statistics\/","title":{"rendered":"[Infographic] 12 Ways Customer Service Affects Your Bottom Line"},"content":{"rendered":"Today, a business\u2019 bottom line is directly tied to its ability to satisfy consumers\u2019 rising expectations<\/a> for accessible, high-quality, and immediate service. Half-baked efforts to improve customer service will put your company on a fast track to failure.\n

The customer experience is directly tied to loyalty<\/h2>\nIn the age of digital connectedness, \u201cword of mouth\u201d is exponentially more powerful than ever before. Consumers are privy to share their experiences \u2014 especially bad ones \u2014 with their large networks of friends and colleagues on social and professional networks.\n

Boost customer service at every touchpoint and watch retention soar.<\/em><\/a><\/h3>\nThe effect of consumers’ experiences on customer retention<\/a> and brand image is greater than ever before. In a competitive landscape, customers won\u2019t think twice about abandoning your service or product<\/a> in favor of another company vying for their business.\n

Here are 12 sets of statistics on the customer experience<\/h2>\n

1. Companies throw away billions of dollars per year due to poor customer service.<\/em><\/h3>\n\"customer\n

2. Companies that fail to satisfy their customers will face higher rates of customer churn.<\/em><\/h3>\n\"customer\n

3. Interpersonal interactions have a significant effect on the customer experience.<\/em><\/h3>\n\"customer\n

4. Most companies are unable to consistently achieve high customer satisfaction.\u00a0\u00a0<\/em><\/h3>\n\"customer\n

5. Customers want their experience to be simple and fast.\u00a0<\/i><\/h3>\n\"customer\n

6. A frustrating experience on the phone can detract substantially from customer satisfaction.<\/i><\/h3>\n\"customer\n

7. Customer service improvement efforts should focus on improving communication and efficacy.<\/i><\/h3>\n\"excellent\n

8. News of a bad experience with a company will travel.<\/i><\/h3>\n\"customer\n

9. Many people share stories about negative experiences on the internet.<\/i><\/h3>\n\"customer\n

10. Excellent service leads to better customer retention and lower churn.<\/i><\/h3>\n\"customer\n

11. The majority of executives understand the importance of providing excellent customer service.<\/i><\/h3>\n\"customer\n

12. But companies continue to confront challenges on the road to improvement.<\/i><\/h3>\n\"excellent\n

Consistently provide a superior customer experience with WalkMe.<\/em><\/a><\/h3>\nThere are many factors that prevent companies from dedicating adequate time and energy to improving customer service. They could be undergoing rapid growth. Perhaps their customer service representatives lack training<\/a>. Or maybe the customer experience has never been a significant priority.\n\nNow, it\u2019s impossible to ignore the power of the customer. The numbers are in \u2014 without excellent customer service, churn rates rise and revenue falls. As companies set strategies for the near- and long-term, it\u2019s imperative that enhancing the customer experience is one of them.\n\nSources: <\/em><\/strong>\n