Why Customer Satisfaction Today Determines Revenue Tomorrow

customer satisfaction today

Customer Satisfaction Today – How Your Brand is Perceived
In a recent research report about customer satisfaction today:

  • 92% of consumers form their image of a company based upon their experience using that company’s contact center.
  • 91% of dissatisfied customers never purchase goods or services from that company again
  • 80% of call center executives’ first concern is customer satisfaction and retention.

The Importance of Customer Loyalty and Customer Satisfaction Today
While these percentages may seem high at first blush, they accurately represent the importance and impact of customer loyalty.  As more and more consumers choose to do business via phone, chat, and websites, it seems the days of “seeing” your customer, in order to get to know them, are waning.

Greater Competition for Customer Loyalty
With more companies competing for limited dollars with decreased margins, how your customers perceive you and your relationship with them is even more critical to your call center’s value and your company’s bottom line.

A Pivotal Time In The Contact Center’s Evolution and Value
More and more, we hear about how the call center is crucial to an organization’s overall go-to-market customer service strategy. More and more, we observe how the contact center is becoming the hub of marketing intelligence. More and more, we know that the contact center touches incrementally more customers than traditional face-to-face outlets.

Contact Centers of the Past
Historically, the contact center has been used to drive down the cost of sale and to aggressively gain operational efficiencies. While these goals still remain today, we must understand that the actions that we take today will greatly impact customer loyalty, revenue, and margins. So while efficiencies and cost containment is important, smart contact center leaders also ensure that efficiencies do not negatively impact customer service, retention or loyalty.

Contact Centers Today
Today, contact centers have a golden opportunity to retain and delight those customers who may be at risk of defecting while further cementing the bonds between your company and your loyal customer base. Your actions today greatly impact where future discretionary dollars will be spent. This is true in a tough economy and it will be more applicable once the economy rebounds.

Customers Are Taking Note
Customers notice which companies “know who they are.” Customers form different bonds with companies who can express valuable knowledge and information through each interaction, be it voice, chat, or email. Each experience determines a customer’s current AND future value to the organization.

Three Types of Customer Satisfaction Today
At any given time, there are 3 types of customers:

  1. Dissatisfied Customers – Looking for another company to provide the service or product
  2. Satisfied Customers – Open to the next better opportunity
  3. Loyal Customers – Returns despite offers by the competition and gives you first “dibs” on their wallet.

The Bottom Line
Your goal is to have a proven game plan to:

  • Retain and expand loyal customers
  • Bridge the gap between satisfied customers and loyal customers
  • Mitigate the fallout from dissatisfied customers (especially with social networks which have broadened the disgruntled voice)

To learn more about customer satisfaction today to drive more profitable revenue, download 3 “Must Have” Steps to Convert Customer Loyalty into Customer Revenue

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The LSA Global team was very receptive and flexible to our needs every step of the way. Their staff and facilitator demonstrated attention to detail, responsiveness, and professional courtesy. The participants were thrilled with the outcome and rated the communication skills workshop and the facilitator as ‘Excellent’. I’d highly recommend working with the LSA Global team to meet your professional development needs.

John Mastrorilli
FRDP Leader

Intuit

LSA custom designed a Management Development program that is absolutely “on target” for our technical managers. Their facilitator has done a superb job delivering the material in a way that is fast paced, highly interactive, and fun. She presents practical solutions to the people situations that our managers face every day. I regard LSA as an excellent partner that understands our business needs and a virtual member of our HR department.

Judith Onton
Vice President Human Resources

Understanding and conforming to legal compliance was very important to our company. We turned to LSA Global to provide a quality and cost effective way to ensure that we were AB 1825 compliant. Their interactive eLearning program was top-notch. It allowed our managers to learn at their own pace, and on their own time. The program was tailored to include our logo and our internal harassment policies. It was interactive and met all federal and state legal requirements. I would highly recommend LSA Global to any company looking for an efficient and effective and top quality way to train their managers to be in compliance.

Kelly Warren, SPHR
Director, HR & Compliance

LSA helped us design and deliver a blended learning solution for our leaders to help drive our growth plans in a way that aligned with our specific culture and values. LSA understood our business, had deep expertise in the content areas, tailored the programs to fit our specific needs, and delivered great results. They constantly strive to deliver business impact and align their solutions with our business initiates, culture, and performance management systems. I highly recommend them to anyone looking to take their leaders to the next level.”

Beth A. Taylor
Vice President of Human Resources

Thoratec

On behalf of Roche and my staff I would like to sincerely thank you for your help with this. The English as a Second Language (ESL) assessment and coaching that you provided for our team was a great success.

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Associate Director

Roche

The refreshing thing about LSA is that they focus on understanding our business situation and helping me succeed instead of selling a product. With over 150 experts, they are an invaluable resource that helps me deliver higher quality results faster. I recommend them to anyone looking to improve the performance of their workforce.

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VP of Human Resources

Cutera

What a refreshing change from the half-baked psycho-babble you normally get from training and consulting organizations. LSA gives you the practical and results-oriented assistance you need to define and reach your goal.  They provide a results driven plan – not just a temporary fix. They are great to work with, and even more importantly, they “get it!”

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Vice President Human Resources

We signed up with LSA early on–as their 22nd Member! Since then, our organization’s learning needs have increased and decreased and increased again with the changing times. The beauty of the LSA business model is its flexibility…when we needed to supplement our own internal resources, we used LSA services knowing that we could depend on the outstanding quality of the leadership development and management training programs they provide.

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HR Manager

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Director of HR

We partnered with LSA to pilot a customized behavioral interviewing program to help ensure that we continue to hire the best and brightest as we continue to rapidly scale. LSA’s ability to understand our business and our unique culture combined with their desire to ensure that the best practices framework truly fits our performance environment and is highly adopted by our people is a real blessing. Most other firms want to just ‘give you training.’ Not LSA, they are focused on helping me hit our hiring forecasts and attract A players.

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AKQA

In my years working with LSA, it seems like I’ve had a personal consultant at my fingertips to help me identify just the right solution to satisfy our needs. The entire LSA team has become a trusted friend of Actel — assuring we provide state-of-the-art learning to meet our complex, high-tech business and people needs.

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Training Manager

LSA’s customized Effective Presentation Skills program has helped me elevate my presentation skills to the next level. I now have a much greater self-awareness of my presentation skills and can leverage off of my strengths while working to improve upon other areas. I would definitely recommend this solution to anyone for whom business presentations are an integral part of their job.

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Senior Marketing Manager

Samsung

I’ve been associated with LSA for the last 8 years and have found them to be an extremely professional, well managed full service training organization. Since working with LSA, I’ve participated in a number of solutions ranging from Performance Management to Assertiveness Training – I’ve found that the quality of the resources is superior. They are well prepared and have definitely done a considerable amount of pre-work in order to customize our culture and business into the total learning experience – making it most beneficial for our employees.

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Human Resource Manager

LSA’s approach and ability to bring the best resources to eBay has been a great asset. They really focus on helping us succeed in any way they can and are very flexible in meeting our management and talent needs.

Mike Normant
Learning & Development

ebay

The Managing Virtual Teams program was extremely valuable. Your consultant/ facilitator’s fundamental knowledge of Synopsys as a company provided an incredible base to build upon while tackling the complications of managing and working with globally distributed teams. My team walked away walked away with highly useful practices and tools. It was an excellent use of our time.

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