Cost of Poor Customer Service
According to an article by Swetha Amaresan, there is a distinct bottom-line cost to poor customer service.
50% | of customers say they would switch to a new brand after ONE bad experience (Zendesk). |
78% | of customers have backed out of a purchase due to a poor customer service experience (Glance). |
80% | of consumers say they would rather do business with a competitor after more than one bad experience (Zendesk). |
Every interaction with every customer establishes your service rating. According to Qualtrics XM Institute, only 20% of customers who consider you a "very poor" service provider will give you another chance. If a customer rates you as "very good," there is an 80% chance they will forgive a bad experience with you. You must pursue "very good" or "excellent" ratings every day with every customer interaction. Your business is literally counting on it.