{"id":5905,"date":"2019-07-02T11:00:02","date_gmt":"2019-07-02T10:00:02","guid":{"rendered":"\/gb\/en\/blog\/?p=5905"},"modified":"2023-01-17T10:17:40","modified_gmt":"2023-01-17T10:17:40","slug":"customer-satisfaction-core-metric","status":"publish","type":"post","link":"\/gb\/en\/blog\/customer-satisfaction-core-metric\/","title":{"rendered":"Customer Satisfaction: A Core Metric for Modern Companies"},"content":{"rendered":"<p class=\"lead\">Customer satisfaction is no longer a nice-to-have concept for modern companies.<\/p>\n<p class=\"lead\">According to research from PwC, <strong>73% of consumers<\/strong> say that customer care is a crucial consideration when choosing which businesses to buy from.<\/p>\n<p>Today, your clients aren&#8217;t just looking for the products with the best selection of features, or even the lowest price point. Instead, they want to know that the companies they buy from have their best interests at heart. Give your customers the satisfaction they crave, and the results are fantastic, including improved brand loyalty and even better word-of-mouth marketing.<\/p>\n<p>Here&#8217;s why businesses of all sizes need to learn how to appreciate and measure customer satisfaction.<\/p>\n\t<div class=\"cta-banner  CID-2FdM5dTp IID-69d1f3d731b7f\"\r\n\t\tdata-dl-custom-type=\"ctaButton\">\r\n\t\t<div class=\"cta-banner-img-wrap\">\r\n\t\t\t<div class=\"cta-banner-img\" style=\"background-image:url(\/gb\/en\/blog\/wp-content\/uploads\/2019\/06\/ucaas-featured-img-2.jpg)\"><\/div>\r\n\t\t<\/div>\r\n\t\t<div class=\"cta-body\" data-dl-custom-type=\"ctaButton\">\r\n\t\t\t<span class=\"cta-sub-heading\">RingCentral Office<\/span>\r\n\t\t\t<h3 class=\"cta-heading\">Unified Communications as a Service (UCaaS)<\/h3>\r\n\t\t\t<p>RingCentral Office\u00ae offers a complete unified communications as a service (UCaaS) solution with enterprise <a href=\"https:\/\/www.ringcentral.com\/gb\/en\/office\/features\/voip\/overview.html\">VoIP<\/a> capabilities.<\/p>\r\n\t\t\t<a class=\"rc-cta-shortcode btn btn-primary btn-lg\" data-dl-element=\"button\"\r\n\t\t\t\thref=\"https:\/\/www.ringcentral.com\/gb\/en\/office\/unified-communications.html\" class=\"btn btn-primary\"\r\n\t\t\t\ttarget=\"_blank\" rel=\"noopener\" data-dl-additional-info=\"Unified Communications as a Service (UCaaS)\"\r\n\t\t\t\tdata-dl-name=\"Unified Communications as a Service (UCaaS) | Learn more\">Learn more<\/a>\r\n\r\n\t\t\t\t\t<\/div>\r\n\t<\/div>\r\n\t\n<h2><strong>What is customer satisfaction?<\/strong><\/h2>\n<p>For some companies, customer satisfaction has become a kind of a buzzword, like &#8220;cloud computing&#8221;, or &#8220;blockchain.&#8221; However, there&#8217;s more to this phrase than most people think.<\/p>\n<p>Increasingly, satisfying customers isn&#8217;t just about making sure that you deliver quick solutions to your consumer&#8217;s problems. Instead, you need to ensure that you&#8217;re providing the meaningful moments that your customers need, on the platforms they prefer to use. For instance, <a href=\"https:\/\/info.microsoft.com\/rs\/157-GQE-382\/images\/EN-CNTNT-Report-DynService-2017-global-state-customer-service.pdf\">Microsoft found that 66%<\/a> of customers are now using more than 3 channels to interact with businesses.<\/p>\n<p>To compete in the modern marketplace, brands need to be active on those preferred channels, and capable of giving a <a href=\"\/gb\/en\/blog\/future-retail-technology-create-win-cx\/\">consistent experience<\/a> across them.<\/p>\n<blockquote><span class='bctt-click-to-tweet'><span class='bctt-ctt-text'><a href='https:\/\/twitter.com\/intent\/tweet?url=https%3A%2F%2Fringcentr.al%2F2RKsUVe&#038;text=Higher%20customer%20lifetime%20value%3A%20Consumers%20will%20pay%20up%20to%2017%25%20more%20to%20do%20business%20with%20firms%20that%20have%20a%20good%20reputation.&#038;via=RingCentralUK&#038;related=RingCentralUK' target='_blank'rel=\"noopener noreferrer\">Higher customer lifetime value: Consumers will pay up to 17% more to do business with firms that have a good reputation. <\/a><\/span><a href='https:\/\/twitter.com\/intent\/tweet?url=https%3A%2F%2Fringcentr.al%2F2RKsUVe&#038;text=Higher%20customer%20lifetime%20value%3A%20Consumers%20will%20pay%20up%20to%2017%25%20more%20to%20do%20business%20with%20firms%20that%20have%20a%20good%20reputation.&#038;via=RingCentralUK&#038;related=RingCentralUK' target='_blank' class='bctt-ctt-btn'rel=\"noopener noreferrer\">Click To Tweet<\/a><\/span><\/blockquote>\n<p>Whether you&#8217;re investing in messaging apps to provide users with convenient conversations, self-service bots to provide 24\/7 assistance, or video for more contextual discussions, it&#8217;s crucial to meet and even exceed customer expectations today.<\/p>\n<p>If your clients like the way they feel when they&#8217;re interacting with you, then they&#8217;ll be more likely to continue buying your products or services &#8211; regardless of the deals that other vendors can offer. Benefits of better satisfaction include:<\/p>\n<ul>\n<li>Repeat purchases: <a href=\"https:\/\/d16cvnquvjw7pr.cloudfront.net\/resources\/whitepapers\/Zendesk_WP_Customer_Service_and_Business_Results.pdf\">52% of consumers<\/a> make additional purchases from a business after a good experience.<\/li>\n<li>Higher customer lifetime value: Consumers will <a href=\"https:\/\/about.americanexpress.com\/press-release\/wellactually-americans-say-customer-service-better-ever\">pay up to 17% more<\/a> to do business with firms that have a good reputation.<\/li>\n<li>Better revenue: Businesses that excel in delivering great customer experiences drive revenues <a href=\"http:\/\/www2.bain.com\/infographics\/five-disciplines\/\">up to 8% higher<\/a> than their counterparts.<\/li>\n<\/ul>\n<h2><strong>How to measure customer satisfaction<\/strong><\/h2>\n<p>The concept of customer satisfaction can seem quite broad at first.<\/p>\n<p>Some people define a satisfied customer as someone happy to go out and advocate on behalf of a brand. Other companies simply see satisfaction in the continued loyalty of a client. Measuring CSAT gives you an insight into how clients think and feel about you, so you can make sure you&#8217;re staying in line with their expectations.<\/p>\n<p>For instance, you can:<\/p>\n<ul>\n<li>Create a customer satisfaction survey and collect feedback from clients.<\/li>\n<li>Analyse what people are saying about you with social listening tools.<\/li>\n<li>Check metrics like bounce rates and abandoned calls in your <a href=\"\/gb\/en\/blog\/customer-satisfaction-contact-centre\/\">customer contact centre<\/a>.<\/li>\n<\/ul>\n<p>A <a href=\"https:\/\/www.qualtrics.com\/experience-management\/customer\/what-is-csat\/\">CSAT survey<\/a> can ask clients to measure their satisfaction on a scale of 1 to 10 or ask for qualitative feedback, which provides more detailed views into a client&#8217;s interactions with your brands. Before you begin looking for ways to measure satisfaction, make sure you have a strategy in mind. Ask yourself <a href=\"https:\/\/blog.userlane.com\/goal-driven-customer-success\/\">what your goal is<\/a>, how frequently you&#8217;ll survey your customers, and what kind of feedback you expect to get.<\/p>\n<h2><strong>How to improve customer satisfaction<\/strong><\/h2>\n<p>The more you measure your satisfaction rates, the easier it is to show your customers that you care about the quality of their interactions with you. It&#8217;s even possible to identify areas where your customer service needs to be improved.<\/p>\n<blockquote><span class='bctt-click-to-tweet'><span class='bctt-ctt-text'><a href='https:\/\/twitter.com\/intent\/tweet?url=https%3A%2F%2Fringcentr.al%2F2RKsUVe&#038;text=Engaging%20with%20your%20customers%20regularly%2C%20both%20happy%20and%20unhappy%20will%20give%20you%20an%20insight%20into%20what%20you%20need%20to%20do%20to%20transform%20your%20brand.&#038;via=RingCentralUK&#038;related=RingCentralUK' target='_blank'rel=\"noopener noreferrer\">Engaging with your customers regularly, both happy and unhappy will give you an insight into what you need to do to transform your brand. <\/a><\/span><a href='https:\/\/twitter.com\/intent\/tweet?url=https%3A%2F%2Fringcentr.al%2F2RKsUVe&#038;text=Engaging%20with%20your%20customers%20regularly%2C%20both%20happy%20and%20unhappy%20will%20give%20you%20an%20insight%20into%20what%20you%20need%20to%20do%20to%20transform%20your%20brand.&#038;via=RingCentralUK&#038;related=RingCentralUK' target='_blank' class='bctt-ctt-btn'rel=\"noopener noreferrer\">Click To Tweet<\/a><\/span><\/blockquote>\n<p>Using the feedback and CSAT score you collect, make sure that you&#8217;re continually investing in new ways to improve your service reputation. Engaging with your customers regularly, both happy and unhappy will give you an insight into what you need to do to transform your brand. Some of the ways you can boost customer satisfaction today include:<\/p>\n<ul>\n<li>Finding out which channels your customers use most and offering omnichannel contact options on those platforms.<\/li>\n<li>Providing quick resolutions to your customers in the form of self-service solutions, AI, and personal human contact.<\/li>\n<li>Using previously collected feedback to make informed improvements to your products and services.<\/li>\n<\/ul>\n<p>When you make customer satisfaction a critical KPI for your brand, you&#8217;ll find that you start putting your customers first in every decision you make. This leads to better revenue, greater differentiation, and more opportunities over time.<\/p>\n<p>Read more: <a href=\"https:\/\/www.paldesk.com\/drive-better-customer-engagement\/\">Drive Better Customer Engagement<\/a><\/p>\n<p class=\"uc-expo-cta text-center IId-bottom-banner-144903516 CId-bottom-banner-1098205596\"><span style=\"font-size: 24px; line-height: 30px;\">Learn more about how\u00a0<a href=\"https:\/\/www.ringcentral.com\/gb\/en\/contact-centre\/overview.html\">contact centre technology<\/a> can create a better experience for customers and agents<\/span><span class=\"text-center\" style=\"display: block;\"><a class=\"btn btn-primary btn-lg\" style=\"margin-top: 16px; font-weight: bold;\" href=\"https:\/\/www.ringcentral.com\/gb\/en\/contact-centre\/overview.html\" target=\"_blank\" rel=\"noopener noreferrer\" data-dtm-name=\"Bottom CTA\">Learn more<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Customer satisfaction is no longer a nice-to-have concept for modern companies. According to research from PwC, 73% of consumers say that customer care is a crucial consideration when choosing which &hellip; <a href=\"\/gb\/en\/blog\/customer-satisfaction-core-metric\/\" class=\"more-link\">Read more<span class=\"screen-reader-text\"> &#8220;Customer Satisfaction: A Core Metric for Modern Companies&#8221;<\/span><\/a><\/p>\n","protected":false},"author":244,"featured_media":4243,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[86,33,61],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Customer Satisfaction: A Core Metric for Modern Companies | RingCentral UK Blog<\/title>\n<meta name=\"description\" content=\"Customer satisfaction is making sure you deliver quick solutions to your consumer&#039;s problems and provide meaningful moments they need.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ringcentral.com\/gb\/en\/blog\/customer-satisfaction-core-metric\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"RingCentral Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Customer Satisfaction: A Core Metric for Modern Companies | RingCentral UK Blog","description":"Customer satisfaction is making sure you deliver quick solutions to your consumer's problems and provide meaningful moments they need.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ringcentral.com\/gb\/en\/blog\/customer-satisfaction-core-metric\/","twitter_misc":{"Written by":"RingCentral Team","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":":\/gb\/en\/blog\/customer-satisfaction-core-metric\/#article","isPartOf":{"@id":"\/gb\/en\/blog\/customer-satisfaction-core-metric\/"},"author":{"name":"RingCentral Team","@id":"\/gb\/en\/blog\/#\/schema\/person\/cc4f043d2b478862a8622c28b0ebd08c"},"headline":"Customer Satisfaction: A Core Metric for Modern Companies","datePublished":"2019-07-02T10:00:02+00:00","dateModified":"2023-01-17T10:17:40+00:00","mainEntityOfPage":{"@id":"\/gb\/en\/blog\/customer-satisfaction-core-metric\/"},"wordCount":863,"commentCount":0,"publisher":{"@id":"\/gb\/en\/blog\/#organization"},"keywords":["customer care","customer engagement","customer service"],"articleSection":["Business Trends - 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