Customer Satisfaction is the key element that drives a business towards success and enhancing this element in your business means to provide your customers not only a good product or a service, but also a great Customer Experience. If we look at the market situations a few years ago, let's say a decade or two, the key factors influencing sales were price and product quality.
The popular law of demand of economics also proves a rise in demand for a product with a decrease in prices and vice versa, and it is still prevalent. But providing a great Customer Experience has become even more important for a business to be successful than price and product.
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In fact, people are willing to pay more for a better Customer Experience. It has become a top priority for the customers to choose a brand that provides them with a better Customer Experience, and in 2021, this priority will only rise.
Nowadays, advertisements also focus more on customer experience than price and product. Here are some interesting Customer Satisfaction statistics that prove how Customer Experience matters a lot! These stats will not only motivate you to focus on Customer Experience but also help you get good ideas and strategies to start measuring and enhancing Customer Satisfaction using CSAT Software.
Customers Leave Brands due to Bad Customer Experience
— American Express
— Newvoicemedia.com
— Salesforce
— Newvoicemedia.com
— Glance
— Verint's Customer Retention Statistics
— Salesforce
What Good Customer Service brings for you
These stats show how providing a great Customer Experience can be a boon for your business and pave the way for your great success. From making new customers to acquiring more profits, good customer service brings everything you need to grow your business.
— Forrester Research, Inc.
— American Express
— American Express
— Tempkin Group
— RightNow
— Hubspot
— American Express
— American Express
— Superoffice.com
Customer Experience and Word of Mouth
Word of mouth is one of the most significant influencers in the market. These stats prove how providing a positive or a negative Customer Experience creates good and bad word of mouth in the market and how large it affects your sales.
— Esteban Kolsky
— American Express
— American Express
— Nielsen’s latest Global Trust in Advertising report
— SalesForce
— BrightLocal
— Zendesk
What do Companies and Customers think about Customer Satisfaction?
You can provide maximum satisfaction to the customers only when you know what they feel. These statistics will let you explore some common customer perceptions about the experience they get, what they expect from a business, and what companies have realized about Customer Satisfaction.
— Forbes
— Forbes
— Forbes
— Salesforce
— Business Wire
— Salesforce
Factors Affecting Customer Experience
Customer Experience is not only about excellent service. Several factors create good or bad Customer Experiences, like how you treat them and respond to their queries and concerns. These stats will help you explore them.
— Hubspot
— McKinsey
— Comm100
— Trust Pilot
— Microsoft
— Forrester
Channels for Customer Service and Handling Customer Concerns
If you want to enhance Customer Satisfaction, you need to follow a multi-channel approach to deal with customers and their concerns. These stats will let you know the prevalent channels that customers use as a mode of communication, and you can utilize them to improve Customer Experience.
— Forrester
— Hubspot
— Software Advice
— Microsoft
— Lyfe Marketing
— Forrester
— Software Advice
Companies Realizing the Value of Customer Experience
Companies have also realized the importance of providing a great Customer Experience and are working on it. So to have a competitive edge, it is necessary to work on Customer Experience. These stats will explain how businesses are putting in more efforts to improve Customer Experience, and customers also realize this, ultimately leading to more benefits for the companies.
Nearly two-thirds of the companies compete primarily on Customer Experience.
— Forbes
Companies that focus on Customer Experience have witnessed an 80% increase in their revenue.
— Forbes
Business revenue can go almost double in 36 months if Customer Experience is improved to a satisfactory level.
— Super Office
88% of the businesses have made Customer Experience a priority in all of their contact centers.
— Sharpen CX
87% of the business leaders agree that providing exceptional Customer Experience is necessary for their organizations.
— Smart Insights
67% of the customers around the world believe that customer service is improving as a whole.
— Microsoft
81% of American customers reported that businesses are meeting or exceeding their expectations in customer service.
— American Express
Businesses that prioritize Customer Experience have reported a 4-8% higher revenue increase than their competitors.
— Forbes
Learn more about Customer Satisfaction (CSAT)
What is Customer Satisfaction?
4 Metrics You Need To Track to Measure Customer Satisfaction & Loyalty
Top 5 Benefits of Customer Satisfaction
5 Actionable Ways to Improve Customer Satisfaction
52 Customer Satisfaction Quotes to inspire you to start measuring Customer Satisfaction now