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Want business to grow? Keep your customers happy 

Your brand is only as strong as the experience customers have with you. Get your customer service game right and you are on the growth path

November 09, 2022 / 07:29 IST
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There are no shortcuts to good customer service. Small and medium enterprises (SMEs) will have to drive this better to sustain growth and retain customers.

Research says seven out of 10 customers will tell hundreds of others about bad service and every second customers will switch brands after a bad experience. On the other hand, 25 percent of customers are willing to pay a higher price for great customer service. Almost nine of 10 customers say they will continue to buy from companies that offer good customer service.

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The upside of delivering good service is well documented and yet few companies excel at it. As businesses look to bring growth on track after the coronavirus blow, they must realise that a loyal customer not only brings just steady business but also more customers.

It is far cheaper to retain a satisfied customer than acquire a new one. Moreover, when you have a good customer service process, the data you collect can help in coming up with new services and products and also build brand messaging.