Why You Should Prioritize CX (and How to Get Started)

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May 13, 2024

The digital era empowers customers with more choices and information at their fingertips than ever before. This makes creating a positive customer experience (CX) absolutely crucial to stand out from the competition. But what exactly is CX, and why should your business prioritize it?

Customer Experience (CX) Illustration. Source: Freepik

The Power of Positive Customer Experience (CX)

Simply put, customer experience is the entire impression a customer forms about your business, at every touchpoint. This encompasses everything from the first phone call to the post-service interaction and beyond.. A positive CX isn’t just about making customers happy—it’s the key to driving sustainable business growth.

Here’s how prioritizing CX translates into real, tangible results:

Increased Revenue

Studies reveal a clear correlation between customer experience (CX) and financial performance. Companies prioritizing CX see significant revenue growth, with Zippia reporting an average increase of 80%. Additionally, customer-centric brands boast 60% higher profits compared to those neglecting CX (Deloitte).

Customer Retention

Loyal customers are the backbone of any successful business. Highlighting this fact, the Zendesk CX Trends Report 2023 emphasized the importance of customer service. The report revealed a powerful statistic: that 60% of consumers choose brands based on the service they expect to receive.

But neglecting CX comes with big consequences. A shocking 86% of consumers would ditch a brand after just two bad experiences, and nearly half (49%) have already switched brands in the past year due to poor CX (Emplifi). This makes perfect sense when you consider that Gartner, via CMSWire, reports CX drives over two-thirds of customer loyalty, even trumping factors like brand image and price combined.

Improved Customer Lifetime Value

Happy customers become loyal customers, and loyalty translates to increased spending. Studies show that 86% of buyers are willing to pay more for a great experience. In fact, customers with positive experiences spend up to 140% more compared to those with negative interactions. And the good news doesn’t stop there: up to 61% of consumers would even pay a premium of at least 5% for exceptional customer service.

Enhanced Brand Reputation

Positive word-of-mouth is more powerful than you think. A survey by Emplifi shows that 56% of consumers prioritize customer service quality when forming their brand perception, even above other factors. 

When you prioritize CX, you don’t just create satisfied customers, you create brand advocates. These loyal customers tell their friends and family about their positive experiences, bringing in new customers naturally. This “word-of-mouth marketing” is way more powerful than traditional ads because it builds trust and feels genuine. 

The more people have positive experiences with your brand, the better your reputation becomes. This attracts even more customers and helps your business grow in a healthy way.

PT Murni: Unlocking Exceptional CX for Businesses

As a leading B2B solution provider, PT Murni understands the importance of positive CX in business. That’s why we offer SMARTQUEUE®, a comprehensive Enterprise Customer Experience Solution designed to streamline your customer journey and elevate your service delivery.

Features of SMARTQUEUE®

  • Ticketing Kiosk: Allow your customers to check in quickly, conveniently, and independently through the user-friendly kiosks.
  • Mobile Concierge: Provide personalized attention for special needs customers with on-the-spot service.
  • Virtual Caller: Manage queues efficiently with a web-based system for calling, recalling, and transferring customers.
  • Appointment Booking System: Increase efficiency and convenience with online appointment scheduling.
  • Customer Journey Mapping: Gain valuable insights into your customer touchpoints for targeted improvements.

More than just a queue management solution, SMARTQUEUE® also comes with a powerful Customer Feedback Solution:

  • SMARTSURVEYS™: A user-friendly survey platform to collect customer feedback from various sources, including online platforms, kiosks, and mobile apps.
  • Text Analytics: Converts text feedback into structured data that can be analyzed and acted upon.
  • Customer Feedback Management: A centralized system for managing all customer feedback, tracking trends, and identifying areas for improvement.

By implementing SMARTQUEUE® and Customer Feedback Solution, you can:

  • Gather and analyze customer feedback in real-time
  • Better understand your customers’ needs and expectations
  • Recognizing areas for optimization to enable a more effective service improvement
  • Increase customer satisfaction and loyalty
  • Build stronger relationships with your customers
  • Develop new products and services that better meet customer needs

Ready to Transform Your Customer Experience?

Consult with our professional consultants on our contact us page. Our team of experts will collaborate with you to define a Customer Experience strategy that perfectly aligns with your unique business needs.Also, follow our Instagram and LinkedIn accounts for valuable tips, strategies, and industry innovations designed to help you elevate your customer experience and achieve success in the digital era.