Why Customer Service Matters While Meeting Your Business’s Bottom Line?

Customer Service

When it comes to customer service, the key to every successful business is the proverb – ‘Treat them mean, keep them keen’. For growing and establishing the business’s bottom line, a high-quality customer service is vital, as it drives profits and allows businesses to compete against rivals with more funding and resources in their pocket. The reasons on why customer service matters are listed below.

You’re Evoked

When the customer service you provided, reaches at the end, your standing and customer interaction lives on whether you like it or not. But due to human nature, customers tend to remember their poor customer service experiences more than their positive ones, as it is hard to shift a negative image. According to a study, 12 positive experiences are necessary to requite for one unsolved negative one, hence you need to get it often and right.

A Testimonial of Business

Your entire business is reflected by the customer service you provide. Your customer service whether good or bad is related to your product or service and is assumed rightly or wrongly by the people. A same attitude should be adopted as a business owner by devoting time and money to your support team just as you give it to your products or sales.

Showing Care

It is significant to treat your customers with genuine courtesy and respect as they like if you show some care towards them. By doing this they will be far more likely to invest their faith in your business. For customer service it will not be difficult for you to solicit some genuine appreciation for them.

A Lucrative Marketing Strategy

As word-of-mouth is the divine strategy for marketing in customer service, doing more than the most marketing experts, your customers speak favorably and widely about your business. It is a brilliant trend to start as advertising your business’s customer satisfaction standards is an excellent technique. By using customer testimonials and happiness ratings it will help you to show superior in customer service.

Substitutions are Always Available

The most risky strategy is undervaluing customer service because in this world of competition there is always a competitor who is doing the opposite. According to a survey, it was found that approximately 78% of consumers have backed out of a transaction because of sub-par customer service.

Unswervingly Striking Retention

As retention matters, attracting new customers is a difficult task while keeping hold of current customers costs considerably less. Unless you prioritize customer success, the worth won’t pan out from loyal customers. It is significant to consider the costs such as time money and many more of onboarding new clients, if you are a service based operation.

Impacting the Conversion Rates

It is not only important to drive traffic, but it is also important to generate this traffic into leads and ultimately sales. Eased along with customer service, adapting someone from consideration to commitment is a careful balancing act.

About Suyog Keluskar 4 Articles
Suyog Keluskar is an experienced Market Research, Customer Insights & Consulting professional, covering latest industry and market updates on Electronics, Semiconductor and ICT domain. With over ten years of experience in business/market research, Suyog delivers customer-centric assignments in market-entry, market expansion, partner identification, competition analysis, market sizing, industry insights and customer intelligence studies. When Suyog is not busy unraveling the consumer mind or unearthing market potential he can be found traveling the road less traveled with a fascinating book on contemporary history in his hand. An avid cricket fan, music lover and you will also find him discussing politics with his friends and peers more often.