Now that American consumers are beginning to shake off the recession, small business owners need to be on top of their customer service game. That’s because Americans are placing an even greater premium on quality customer service this year, according to an American Express survey.
The survey found that 70 percent of consumers are willing to spend an average of 13 percent more with companies they believe provide excellent customer service. This figure is up substantially from 2010, when 58 percent of consumers said they would spend an average of 9 percent more with companies that deliver great service.
Despite the greater value Americans are placing on customer service, many businesses don’t seem to be making the grade with consumers, the survey found.
Sixty percent of Americans believe businesses haven’t increased their focus on providing good customer service and, of that group, 26 percent think companies are actually paying less attention to service. The good news is that 81 percent think small businesses do a better job of providing good customer service than large businesses do.
“Getting service right is more than just a nice to do; it’s a must-do,” said Jim Bush, executive vice president, American Express World Service. “American consumers are willing to spend more with companies that provide outstanding service, and they will also tell, on average, twice as many people about bad service than they are about good service. Ultimately, great service can drive sales and customer loyalty.”