Is Customer Experience the Ultimate Brand Differentiator?

January 26, 2018 | Marija Sekularac

Customer Experience seems to be the latest marketing buzzword that supposedly makes or breaks a modern brand. But is customer experience as big of a differentiator as people say? Or is it just one more passing trend in a series of marketing fads? Let’s examine it in more detail.

What is Customer Experience?

Customer experience is often confused with customer

service, which focuses on solving customer needs and providing assistance—usually through phone, digital, or on-site support channels. Customer service is definitely a significant part of the customer experience, but it’s not the whole story.

Any interaction the customer encounters or experiences over the course of their relationship with your brand falls under customer experience. This includes everything from their experience with the product they buy to the marketing that lead them to you and everything in between.

Most brands struggle with customer experience simply because the scope is so vast. It’s difficult to keep an individuals experience personalized and consistent over so many channels and touchpoints. One customer might be turned off by something as simple as being put on hold for too long. Another might be overjoyed at how easy it is to shop in your digital store.

Brands must rise to the challenge and aim for consistent omni-channel customer experiences. Not just because it’s good for your customer (and it is), but because it’s going to be the differentiating factor in choosing your brand.

How big of a difference does customer experience make?

Multiple studies and surveys agree that customer experience is going to be the primary factor in a customer’s decision-making process, even more than price and product. This shift may happen as soon as 2020, according to a study conducted by Walker.

Businesses that provide better customer experience are more likely to be selected over their competitors, and they’re more likely to earn more per customer. The same Walker study found that 62% of buyers would pay more for improved customer experience, and it stands to reason that they would be more loyal as well.

Many businesses already see the change coming and are taking action. According to Forrester, 72% of the businesses they surveyed say that improving customer experience is their top priority. So how can you improve your own brand’s customer experience? Start with the most mission-critical area: customer service.

How do I improve my brand’s customer experience?

You could theoretically improve any part of your business and have it affect customer experience; but if you want the most bang for your buck, you should prioritize customer service and support. 60% of consumers have higher expectations for customer service now than they did a year ago, and yet 42% of customer service agents still struggle with resolving customer issues thanks to disconnected systems, archaic user interfaces, and multiple applications. Poorly-implemented contact center infrastructure ruins the brand experience and lowers employee morale.

Using call tracking improves contact center success

  • Capture caller intent and deliver it to the agents before they answer the call
  • Gather and use caller data to build more complete profiles for more personalized experiences
  • Use call outcomes to drive automatic follow-ups and re-marketing efforts
  • Route callers intelligently to minimize the time they spend on hold

Retreaver’s call tracking software layers on top of your existing agent tools to enable you to immediately improve your contact center’s success. Visit try.retreaver.com to discover even more benefits!