No feedback programme.
Customer sentiment unknown
Sporadic feedback collection
Customer insights stale
Basic VoC Programme
Positive impact on loyalty
Integrated VoC programme
Customers recommend reactively
Real time VoC programme
Customers recommend proactively
More than one bad experience = 80% of customers will change brand
53% of businesses believe they offer good CX, only 15% of customers agree
Only 1 in 26 unhappy customers complain, but 1 in 9 share their negative experience with 15+ people
Companies that lead in customer experience outperform laggards by nearly 80%.
At least 1 point CSAT below sector average = 0.1% revenue growth (vs 4.1% average)
More than double the revenue growth of CX laggards between 2016-2021
94% customer retention rate
15-25% increase in cross-selling
20-30% higher satisfaction and engagement
5-10% higher wallet share
86% of buyers willing to pay more for a great customer experience
At least 1 point CSAT above sector average = 7.4% revenue growth (vs 4.1% average)