
You could have the most irresistible product on the market. But if your customer service lags behind your innovative offerings, your profits will surely follow the same pattern. Microsoft’s 2020 Global State of Customer Service report reveals 90% of consumers rank service as a factor when making purchases. That means nine out of 10 of your customers may be one bad interaction away from switching loyalties.
This isn’t something you want to hear, especially on the heels of COVID-related changing consumer sentiment. Plenty of shoppers from countries that practically flatlined economically during the pandemic altered their behaviors for numerous reasons. Per McKinsey research, about two-thirds of those buyers expect to continue flirting with different brands for the foreseeable future.
In other words, your customer service matters more than ever to your bottom line. It’s not just nice to know how consumers are perceiving touchpoints with your company and associates. It’s vital. That’s why you need to have measurements in place to take the temperature of shoppers in the moment. However, using 30,000-foot view customer satisfaction measures (like CSAT) to gauge happiness can provide inaccurate pictures of your business model.