Key Highlights
- 78% of customers say that their experience with a company influences their future purchasing decisions
- 89% of consumers are more likely to buy from a company that offers excellent customer service
- 60% of customers consider a company's customer service experience as an important factor in their purchasing decisions
- Businesses that prioritize customer experience see a 10-15% increase in revenue
- 72% of customers will share a positive customer service experience with 6 or more people
- 86% of buyers are willing to pay more for better customer service
- 70% of buying experiences are based on how customers feel they are treated
- 55% of customers have higher expectations for customer service than they did a year ago
- 65% of customers say a negative customer experience damages their trust in a brand or company
- 74% of consumers identify their customer experience expectations as higher than they were a year ago
- 80% of customers expect companies to understand their needs and expectations
- 73% of consumers say a good experience is key in influencing their brand loyalty
- 82% of customers have stopped doing business with a company due to poor customer service
In today’s lumber industry, where 78% of customers say their experience shapes their purchasing choices, delivering exceptional and personalized customer service is more crucial than ever for building loyalty, boosting revenue, and staying ahead of competitors.
Business Performance and Impact
- 80% of company profits are generated by 20% of customers, emphasizing the need for focused customer experience strategies
Business Performance and Impact Interpretation
Customer Expectations and Loyalty
- 89% of consumers are more likely to buy from a company that offers excellent customer service
- 86% of buyers are willing to pay more for better customer service
- 55% of customers have higher expectations for customer service than they did a year ago
- 74% of consumers identify their customer experience expectations as higher than they were a year ago
- 80% of customers expect companies to understand their needs and expectations
- 78% of consumers agree that valuing their time is the most important thing a company can do to provide good customer service
- 63% of consumers prefer self-service over speaking to a company representative
- 65% of consumers have higher expectations for customer service than they did a year ago
- 75% of customers expect companies to understand their needs and expectations
- 66% of customers say they have higher expectations for customer service now than they did a year ago
- 76% of consumers expect companies to understand their needs and expectations
- 77% of consumers have a more positive view of brands that offer personalized experiences
- 50% of customers expect a response within 24 hours of contacting customer service
- 69% of consumers expect companies to proactively address their needs
- 59% of consumers have higher expectations for customer service now compared to last year
- 78% of consumers expect customer service to be available 24/7
- 66% of consumers say they prefer to interact with a company via chat or messaging
- 53% of consumers expect companies to resolve issues on the first contact
- 88% of customers want brands to understand their needs before making a sale
Customer Expectations and Loyalty Interpretation
Customer Experience and Satisfaction
- 78% of customers say that their experience with a company influences their future purchasing decisions
- 60% of customers consider a company's customer service experience as an important factor in their purchasing decisions
- Businesses that prioritize customer experience see a 10-15% increase in revenue
- 72% of customers will share a positive customer service experience with 6 or more people
- 70% of buying experiences are based on how customers feel they are treated
- 73% of consumers say a good experience is key in influencing their brand loyalty
- 82% of customers have stopped doing business with a company due to poor customer service
- 55% of customers would pay more for a better customer experience
- 84% of companies working to improve customer experience report an increase in revenue
- Personalization increases customer satisfaction by up to 20%
- 70% of buying experiences are based on how customers feel they are being treated
- 59% of consumers say they’ve stopped buying from a company due to poor customer service
- 55% of consumers are willing to pay more for a better customer experience
- 34% of customers say they’d switch to a competitor after just one bad experience
- 80% of customers say that their experience with an organization is as important as its products or services
- 79% of consumers are more loyal to brands that offer consistently good customer service
- 61% of consumers say tailored experiences increase their likelihood to buy
- 54% of customers will abandon a purchase if they have a poor customer service experience
- 67% of consumers visit a competitor after a negative customer experience
- 89% of consumers are likely to recommend a brand after a positive customer service experience
- 52% of customers say that they have abandoned a planned purchase because of a poor customer experience
- 94% of consumers say they are more likely to be loyal to a brand that offers outstanding customer service
- 84% of customers say their experience with a company is just as important as its products
- 81% of consumers are more likely to make additional purchases from companies that offer a personalized experience
- 65% of customers state that their positive experience with a company influences their likelihood to recommend it to others
- 74% of consumers consider customer experience as a key factor in their purchasing decisions
- 70% of customers are willing to switch brands after a bad customer service experience
Customer Experience and Satisfaction Interpretation
Customer Trust and Advocacy
- 65% of customers say a negative customer experience damages their trust in a brand or company
- 85% of customers trust online reviews as much as personal recommendations
Customer Trust and Advocacy Interpretation
Personalization and Communication
- 91% of customers say they’re more likely to shop with brands that provide relevant offers and recommendations
- 60% of customers say personalized communication influences their purchasing decisions
Personalization and Communication Interpretation
Sources & References
- Reference 1SUPEROFFICEResearch Publication(2024)Visit source
- Reference 2TEMKINGROUPResearch Publication(2024)Visit source
- Reference 3SALESFORCEResearch Publication(2024)Visit source
- Reference 4MCKINSEYResearch Publication(2024)Visit source
- Reference 5UMBRIGHTResearch Publication(2024)Visit source
- Reference 6STATISTAResearch Publication(2024)Visit source
- Reference 7GLANCEResearch Publication(2024)Visit source
- Reference 8ACCENTUREResearch Publication(2024)Visit source
- Reference 9KUSTOMERResearch Publication(2024)Visit source
- Reference 10PWCResearch Publication(2024)Visit source
- Reference 11CONVERSOCIALResearch Publication(2024)Visit source
- Reference 12GARTNERResearch Publication(2024)Visit source
- Reference 13SHOPIFYResearch Publication(2024)Visit source
- Reference 14HELPSCOUTResearch Publication(2024)Visit source
- Reference 15BRIGHTLOCALResearch Publication(2024)Visit source
- Reference 16BAZAARVOICEResearch Publication(2024)Visit source
- Reference 17ZENDESKResearch Publication(2024)Visit source
- Reference 18HBRResearch Publication(2024)Visit source