
Let’s illustrate this concept with an example of voice of customer in action. Using direct feedback to zero in on customer pain points and streamline the customer journey makes a huge difference in customer satisfaction and retention. Ninety percent said emotion plays a major role in their purchasing decisions. What’s more, 94% of the Qualtrics survey respondents said they would purchase more from a company based on customer experience. According to research by Qualtrics, good customer experiences make consumers extremely likely to: It also can affect everything from customer loyalty to sales. This helps identify unhappy customers and opportunities to boost customer retention, which makes for high customer lifetime value. Among other things, it tells you exactly how customers feel. While customer research is important, gathering feedback directly from the people using your products and services has many benefits. Reaching beyond customer behavior, customer analytics, or web analytics data, VoC data refers to verbatim customer interviews, reviews, and other sources of insight. Voice of the customer, also called ‘voice of customer’ or VoC, refers to a particular type of customer feedback. 1 VoC: A Powerful Customer Feedback Tool Boost Customer Satisfaction With A Voice of the Customer Program.Use Analytics and Action to Make the Most of Customer Feedback.How to Collect Customer Feedback for VoC.Creating a Voice of the Customer Program.How do you create a seamless customer experience? You ask customers about it, and incorporate how they speak about what you do, into how you speak about what you do. In fact, research by Gartner suggests that two-thirds of companies now compete primarily on the basis of customer experience. Listening to customers and taking action on their feedback has become a major differentiator. The results? Better marketing, better products, and more customer-and business-success. In any business, good customer feedback benefits marketing, product development, customer satisfaction, and more. This isn’t just true for the growing feedback economy. “Feedback,” former SurveyMonkey CMO Leela Srinivasan explains, “has become a global currency in a transparent world where people share their experiences.”
