Why Customers Stay Loyal: The Role of Service Excellence
It’s no secret that customers are more likely to stay loyal to a brand that offers exceptional customer service. Research shows that 94% of customers say they are more likely to buy from a company again after experiencing good customer service. In fact, many customers place the quality of customer support on par with the product itself when determining where to spend their money.
Unfortunately, businesses may not always know why customers leave, as many churn without providing any feedback. Over half of customers don’t communicate their reasons for cancellation; they simply stop engaging. However, providing a personalized and empathetic customer experience can go a long way in preventing this silent churn. When customers feel that they are receiving the care and attention they deserve, they are more likely to stick around, even if problems arise.