Itâs no secret that happy customers are something (most) companies strive for. Sure, there are businesses that just want customers, but they usually donât last very long.
If youâre reading this, chances are youâre interested in finding out how to get happyâor happierâcustomers.
Remember: just because youâre reading this doesnât mean you have unhappy customers. It probably just means you have customers. Maybe you have no idea whether theyâre satisfied or not? So, no reason to panicâyet.
We can safely assume that you are: a person, looking for information, about customer satisfaction. Today.
Now that weâve established that, letâs talk about what customer satisfaction is, why it matters, and how you can measure it.
What is customer satisfaction and why does it matter?
Letâs start by defining what customer satisfaction actually means. According to Paul Farris, customer satisfaction is:
âThe number of customers, or the percentage of total customers, whose reported experience with a company, its products, or its services exceeds specified satisfaction goals.â
This definition is endorsed by the Marketing Accountability Standards Board as the official definition of customer satisfaction. Fancy, right?
So in short, customer satisfaction is the relationship between a customerâs expectations before a purchase and their experience after it.
Great. Now we know what it isâbut why is it important?
- A customer is three times more likely to share a negative experience than a positive one.
- According to Google, businesses with three or more stars get 87% of clicks in search results.
- It costs 6â7 times more to attract a new customer than to keep an existing one.
- 80% of people avoid companies with too many bad reviews, and it takes 12 positive ones to make up for a single negative.
A side story: one very unhappy customer
If youâre already convinced, you can skip this partâbut youâll miss a great story.
This is the tale of Dave Carroll, a guitar, an airline, and a stock price.
Musician Dave Carroll was on a United Airlines flight when he saw ground staff mishandle his guitar. The $3,500 instrument was damaged, and when he asked for compensation, United refused. After nine months of back and forth, Dave did what musicians doâhe wrote a song: âUnited Breaks Guitars.â
The song went viral, reaching over 20 million views on YouTube. Within four weeks, Unitedâs stock price dropped about 10%, wiping out roughly $180 million in market value.
Moral of the story? One unhappy customer can be very expensive.
How to create happy customers
Customer satisfaction is about the total experience, not just the product or price. You need to exceed expectations, not just meet them.
Hereâs how:
1. Measure customer satisfaction
Start by finding out where you stand. Conduct a customer survey to see whatâs working and whatâs not. Tools like NPS (Net Promoter Score) and CSAT (Customer Satisfaction Score) give you clear insights into where improvements are needed.
2. Build loyalty
Loyalty isnât just about discounts. Itâs about recognition and value. Offer loyal customers early access, exclusive insights, or sneak peeks of new features. Nearly 50% of customers expect to be treated specially.
3. Create added value
Inspire, educate, and engage your customers with free resourcesâlike newsletters full of useful tips, or webinars with industry experts. If you sell a CRM system, why not host a session called âHow to Close More Dealsâ?
4. Engage your customers
Involve your customers in product development. Let them test new features, collect feedback, and reward their input with a few months of free service. Those who feel included are far more likely to stayâand advocate for you.
5. Offer world-class customer service
A great product is nothing without great support. Exceptional service drives satisfaction and loyalty.
And donât forgetâhappy employees create happy customers. Measure employee engagement as carefully as you measure customer satisfaction.
Why customer satisfaction is critical
By now, you probably get itâbut just to drive it home:
- 91% of dissatisfied customers leave without complaining.
- The average person tells 15 others about a bad experience.
Satisfied customers, on the other hand:
- Spend 17% more on average.
- Are 93% more likely to become repeat buyers after a good service experience.
How lynes helps businesses boost customer satisfaction
At lynes, we know how vital customer satisfaction is. Our own satisfaction rate is around 97%âand weâre aiming even higher.
With lynes Survey, integrated directly into our platform, we can measure everything from NPS and CSAT to employee satisfactionâgiving us real insights to act on before issues become problems.
Want happier customers?
Contact us, and weâll show you how lynes can help.
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