As said before, it’s a lot cheaper to retain an old customer than to acquire a new one. In this sense, the higher a customer’s lifetime value — the total revenue a company can expect a single customer to generate over the course of their relationship with that company — the higher the profit for your company.
In comparison to, possibly, hundreds of competitors with similar products and services, your company has to do more than relish in the exciting features of your products. By providing stellar customer service, you can differentiate your company to customers. Loyalty is rooted in trust, and customers can trust real-life humans more than the ideas and values of a brand. So, by interacting with your customer service team, those customers can build, hopefully, life-long relationships with your business