https://seths.blog/2019/04/the-true-cost-of-customer-response/

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“Your call is very important to us.”. If you hear that, it means someone is not just lying, but also isn’t good at arithmetic. Your company spends $6 on digital ads to get a click, and one in a hundred clicks leads to an inquiry. Which means that every inquiry sitting in the queue cost you $600. Inquiries are a bit like cronuts, in that they go stale quickly. Waiting an extra day to get back to just one person probably costs you more than the entire day’s salary of a customer service salesperson. Your company spends $2,000 a day on rent for its showroom. And you paid that rent (along with all of those ads) for a month before John walks into the store. The uninterested, undertrained, under-... Full story

19 April

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