Key Highlights
- 94% of consumers are likely to be loyal to a brand that offers excellent customer service
- 86% of buyers will pay more for a better customer experience
- 73% of organizations say customer experience is the main driver of their brand differentiation
- 70% of customers say connected processes are very important to winning their business
- Companies that prioritize customer experience generate 5.7 times more revenue than competitors that don’t
- 85% of customers say they are more likely to buy from a business that provides a consistent experience across all channels
- 72% of customers will share a positive experience with six or more people
- Only 33% of companies rate themselves as delivering “quality” products/services
- Improving customer experience can increase customer satisfaction by up to 20%
- 91% of unhappy customers won’t willingly do business with you again
- 80% of consumers will avoid doing business with a company after a poor experience
- 65% of B2B buyers say their experience with a vendor is a reflection of the quality of the product
- 60% of consumers say they have higher expectations for customer service now than they did a year ago
Did you know that while 94% of consumers vow loyalty to brands with stellar service, only 8% of customers actually agree their experiences are “superior,” revealing a glaring gap between perception and reality in the quest for quality.
Brand Reputation and Word-of-Mouth
- 72% of customers will share a positive experience with six or more people
- 92% of consumers trust recommendations from friends and family over all other forms of advertising
- 72% of customers say they will share good experiences with others, leading to organic growth
- 69% of customers believe a company’s reputation for quality influences their purchasing decision
Brand Reputation and Word-of-Mouth Interpretation
Business Performance and Competitive Differentiation
- Gallup reports that companies with highly engaged employees deliver 23% higher revenue, implying strong quality service internally correlates with better customer experience
Business Performance and Competitive Differentiation Interpretation
Customer Expectations and Perceptions
- 70% of customers say connected processes are very important to winning their business
- 60% of consumers say they have higher expectations for customer service now than they did a year ago
- 83% of companies believe they deliver “superior” customer experience, but only 8% of customers agree
- 40% of customers abandon a purchase if they don’t see live chat support
- 50% of customers say they are willing to pay more for better customer service
- 68% of customers leave a business due to perceived indifference
- 54% of customers have higher expectations for quality and speed
- 55% of consumers are willing to pay more for a guaranteed good experience
- 87% of consumers say brands need to work harder to make a good impression
- 76% of customers expect companies to understand their needs and expectations
Customer Expectations and Perceptions Interpretation
Customer Experience and Satisfaction
- 86% of buyers will pay more for a better customer experience
- 73% of organizations say customer experience is the main driver of their brand differentiation
- Companies that prioritize customer experience generate 5.7 times more revenue than competitors that don’t
- 85% of customers say they are more likely to buy from a business that provides a consistent experience across all channels
- Only 33% of companies rate themselves as delivering “quality” products/services
- Improving customer experience can increase customer satisfaction by up to 20%
- 65% of B2B buyers say their experience with a vendor is a reflection of the quality of the product
- 90% of companies say they will compete mainly on the basis of customer experience within the next few years
- 77% of consumer goods companies believe that improving customer experience is a top priority
- 74% of customers are frustrated when website content isn’t personalized
- Customers who have a positive experience are 3.5 times more likely to recommend the company
- 78% of consumers say they have backed out of a purchase due to poor customer service
- 83% of B2B buyers say their experience during the sales process influences their perception of the company's product
- Only 22% of customers express satisfaction with their current service providers
- 65% of consumers say they find it difficult to get the same experience across different channels
- 83% of organizations believe their customer experience is improving, yet only 40% of customers agree
- Personalization can increase revenues by up to 15%
- 60% of businesses say that customer experience is their primary differentiator
- 69% of consumers say a good experience makes them more likely to recommend a brand
- 70% of buying experiences are based on how customers feel they are treated
- 77% of consumers have a more favorable view of companies that personalize experiences
- 65% of consumers say they have switched brands due to poor customer experience
- 55% of consumers say they are willing to pay extra for a better experience
- 84% of customers say that their experience with a company is as important as its products/services
- 81% of companies plan to compete primarily on customer experience within five years
- 78% of consumers say a good experience makes them more likely to revisit a brand
Customer Experience and Satisfaction Interpretation
Customer Loyalty and Retention
- 94% of consumers are likely to be loyal to a brand that offers excellent customer service
- 91% of unhappy customers won’t willingly do business with you again
- 80% of consumers will avoid doing business with a company after a poor experience
- Companies that excel at customer experience have 1.5 times higher customer retention rates
- 94% of customers will stay loyal to brands that offer strong customer service
- 46% of consumers say they have stopped buying from a company after a bad experience
- 58% of customers say that a positive customer service experience would make them more loyal
Customer Loyalty and Retention Interpretation
Sources & References
- Reference 1SALESFORCEResearch Publication(2024)Visit source
- Reference 2PWCResearch Publication(2024)Visit source
- Reference 3MCKINSEYResearch Publication(2024)Visit source
- Reference 4BAINResearch Publication(2024)Visit source
- Reference 5GLOBEResearch Publication(2024)Visit source
- Reference 6NPSResearch Publication(2024)Visit source
- Reference 7FORBESResearch Publication(2024)Visit source
- Reference 8ABERDEENResearch Publication(2024)Visit source
- Reference 9RODGERSResearch Publication(2024)Visit source
- Reference 10GARTNERResearch Publication(2024)Visit source
- Reference 11STATEOFCUSTOMEREXPERIENCEResearch Publication(2024)Visit source
- Reference 12TEMKINGROUPResearch Publication(2024)Visit source
- Reference 13SHOPIFYResearch Publication(2024)Visit source
- Reference 14NIELSENResearch Publication(2024)Visit source
- Reference 15HARRISINTERACTIVEResearch Publication(2024)Visit source
- Reference 16IPSOSResearch Publication(2024)Visit source
- Reference 17ROLANDBERGERResearch Publication(2024)Visit source
- Reference 18INVESPCROResearch Publication(2024)Visit source
- Reference 19EDISONRESEARCHResearch Publication(2024)Visit source
- Reference 20GALLUPResearch Publication(2024)Visit source
- Reference 21IBISWORLDResearch Publication(2024)Visit source