Why Customer Service Matters in Today’s Economy

Quality customer service has the power to transform your business. Quality customer service can provide your business the ability to:

·      Gain repeat customers

·      Improve cash flow

·      Increase sales

All great businesses know that the key to success is to prioritize your customer’s experience and strive to impress them, no matter the time or day of the week. Innovative new platforms have also made it easier for businesses to build customer service in new ways besides word-of-mouth only, by way of public review forums & social media. 

Reviews can be a double-edged sword–positive reviews are as powerful as negative ones. If a single post from a client on your social media forum can boost your reputation, it can also destroy it. Customer service experiences are one of the most cited reasons for writing a review, and offering 24/7 customer support is an excellent way to get ahead. 

Consumers aren’t always easy to please, and now more than ever, they look for instant gratification.

Though the advancement in communication technology has made it easy for people to get reviews about a brand or product, it has also made them impatient. If a customer reaches out and doesn’t receive an immediate or desirable reply, this can easily drive them to switch to your competitor. Not offering accessible, quality 24/7 customer service directly works against your business’ bottom line. 

Fortunately, you can control your business’ customer service experience by employing these keys to quality customer service:

ü  Hiring knowledgeable and skilled people 

ü  Determining the five most common issues that customers seek support for

ü  Determining what your business needs from your support program

ü  Effectively meeting those needs

ü  Offering live agent customer service 24/7

Actively working towards achieving these initiatives will better support your customers, which improves their experiences, which drives ROI. Even better, doing so will help you create MORE: 

More Customers:

The most significant benefit of good customer service is to gain repeat customers. They will return to your brand if all their needs are being fulfilled. In this way, regular customers become your advocates and promoters through positive word-of-mouth, especially on through reviews and on social media. They will share their experience on various review platforms, which will in turn encourage others to step into your brand. You also retain customers more consistently.  With a sub-optimal support program, you can lose your potential customers and direct them towards your competition in the time it took to read this paragraph. 

More Capital:

Increasing the number of customers will naturally increase your revenue. Quality customer service communicates to the market that your company cares about their experience, which has the potential to spark exponential growth for your company. 

 It is the mission of businesses to get customers, keep them, and gain even more. If your customer support infrastrure is designed such that the needs of your customers are met when they enter your ecosystem, they will be sure to be repeat customers. Additionally, they might also tell their friends and family about it too.  A customer should never leave your ecosystem in a worse mood than they arrived. Good behavior of staff and quick, appropriate responses to issues, and availability for live agent support 24/7 are bound to accomplish this and make your customers happy.

Quality customer service is equally important as sales, and is a key basis of the performance of your business.

1 thought on “Why Customer Service Matters in Today’s Economy”

  1. Hello there! You’re totally right when you mentioned that efficient response to our customers’ needs will definitely result in higher revenues in a long term. Lately, my boss has been wondering if our company should have someone to be in-charge of our customers’ satisfaction level. I believe she should ask for a professional help to make sure she selects the right candidates for the position later.

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