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How Customer Experience Drives Revenue

Customers no longer base their loyalty on price or product, but on the experience they receive

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When making a purchase, there is one thing that the majority of customers desire, and that is the customer experience. Customer experience has grown to become a top priority for businesses, as customers no longer base their loyalty on price or product but rather due to the experience they receive. According to statistics, 86% of customers are willing to pay more for great customer experiences. A Walker study shows that customer experience can overtake prices and products as a primary brand differentiator by the end of 2020.

 

Customer experience can be enhanced by improving interactions with customers. It’s essential for businesses to perform follow-ups to detect problems or for quality improvement help customers feel valued. As a result of frequent engagement with customers, this will help to build loyalty and retain customers. Additionally, businesses should also create a knowledge base and Frequently Asked Questions databanks to help customers work out their main problems. These efforts would empower and enable customers to solve problems by providing the needed tools to solve the problem without delay.

 

Other than that, companies that use mobile websites should also focus on making sure of a seamless and positive web experience to help prevent frustration and dissatisfaction with the company. It’s important to also allow for customer feedback through a variety of sources and channels with equal emphasis given to them all, so customers’ voices are valued. With a majority of businesses competing these days, it is safe to say that organisations that stand out and prioritise their customers will maintain or increase their standing in the marketplace.

SOURCE

37 Customer Experience Statistics You Need to Know for 2020

https://www.superoffice.com/blog/customer-experience-statistics/
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