20 Social Customer Service Stats to Share With Your Boss
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Transcript of 20 Social Customer Service Stats to Share With Your Boss
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20 Social Customer Service Stats to Share With Your Boss
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Need some validation on why social customer service should become part of your overall customer service strategy?
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#1It costs as little as $1 to solve a customer issue on social media, which is nearly 1/6 that of a call center interaction.
-McKinsey & Company
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#2When companies engage and respond to customers over social, those customers spend 20-40% more with them.
-Bain & Company
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#370% of those helped via social customer service return as a customer in the future.
-Ambassador
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#4
71% of consumers who experience positive social customer care are likely to recommend the brand to others, compared with just 19% of customers who do not get a response.
-NM Incite
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#5Failure to respond via social channels can lead to a 15% increase in the churn rate for existing customers.
-Gartner
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#6
Companies that invest in customer service on Twitter have found that resolving issues via Twitter can lead to over 95% of issues being resolved in-channel, and can achieve a customer satisfaction rating of over 90%.
-McKinsey & Company
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#7Twitter and Facebook are 48% more accurate and 44% faster at delivering customer service responses than email.
-Eptica
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#860% of customers expect companies to respond to them on social within the hour.
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#9Customer service interactions over Twitter have increased 250% in the last two years.
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#10
Companies that developed social care capabilities improved year-over-year revenue per contact by 6.7% through effective upselling, cross-selling and customer churn reduction versus a 12.1% decline for those without that capability.
-McKinsey & Company
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#11Customers who experience positive social media interactions are nearly 3X more likely to recommend that brand.
-Harvard Business Review
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#12Not answering a complaint decreases customer advocacy by as much as 50%.
-Convince and Convert
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#13Answering a social media complaint increases customer advocacy by as much as 25%.
-Convince and Convert
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#1477% of people say that valuing their time is the most important thing a company can do to provide them with good service.
-Forrester Research
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#1555% of people say they are very likely to abandon their online purchase if they cannot find a quick answer to their question.
-Forrester Research
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#16
For each 1% of shoppers who return for a subsequent visit, overall revenue increases by approximately 10%. If companies invest in keeping another 10% of existing customers happy enough to keep buying, they will double their revenue.
-Adobe Digital Index
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#17When customers engage with a business through social media, they contribute about 5.6% more to the firm’s bottom line than customers who do not.
-Ram Bezawada, PhD, University of Buffalo School of Management
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#1867% of consumers have used a company’s social media site for servicing, compared with 33% for social marketing.
-JD Power & Associates
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#19
82% of people who engage with a brand on Twitter for customer service report sharing their positive experience with others, while only 44% who engage on other channels (phone, email, chat, in-person) share their positive experience with others.
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#20Companies that have a well-crafted social customer service approach experience 92% customer retention.
-Aberdeen
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Want to learn how to get started with social customer care?
Watch this webinar:Social as a Key Channel for Modern Customer Service
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