Stop Losing Money and Focus on Customer Service (Infographic)

By Colleen DeBaise | Sep 03, 2013

Opinions expressed by Entrepreneur contributors are their own.

Sure, it pays to focus on customer acquisition — but what about customer retention first?

According to the infographic below, 80% of businesses believe they provide “superior” customer service. But only 8% of customers would describe the service they’ve received in such glowing terms. When customers aren’t happy, there’s often significant damage done. In fact, U.S. businesses collectively lose an estimated $83 billion a year due to shoddy customer service.

The following visual comes from Shankman Honig, a customer-service consultancy in New York. “Be nice to the customers you have,” the firm says. “You’ll win the customers you want.”

Click to Enlarge+

Stop Losing Money and Focus on Customer Service (Infographic)

Sure, it pays to focus on customer acquisition — but what about customer retention first?

According to the infographic below, 80% of businesses believe they provide “superior” customer service. But only 8% of customers would describe the service they’ve received in such glowing terms. When customers aren’t happy, there’s often significant damage done. In fact, U.S. businesses collectively lose an estimated $83 billion a year due to shoddy customer service.

The following visual comes from Shankman Honig, a customer-service consultancy in New York. “Be nice to the customers you have,” the firm says. “You’ll win the customers you want.”

Click to Enlarge+

Stop Losing Money and Focus on Customer Service (Infographic)

The rest of this article is locked.

Join Entrepreneur+ today for access.

Subscribe Now

Already have an account? Sign In

Colleen DeBaise is special projects director at Entrepreneur.com.

Related Content