Remove 2008 Remove Customer Retention Remove Measurement Remove NPS
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Understanding Negative NPS Score: Causes, Impact and Solutions

Lumoa

You’ve designed your NPS survey and emailed it to all your customers—and the results are in… but not those you were expecting. When it comes to gauging customer sentiment and loyalty, few metrics enjoy such widespread acclaim as the Net Promoter Score (NPS). Does it spell doom for your business?

NPS 208
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What Do Companies with High Net Promoter Score Have in Common?

Retently

Does your company retain its customers or take them for granted? Customer retention is one of the most important aspects of growing your company, yet it’s one that many companies overlook, focusing more on acquiring new customers. After all, brands with high customer retention are usually companies with high NPS score.

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Amazing Business Radio: Adam Dorrell

ShepHyken

How can you sell the C-Suite on the benefits of investing in Customer Retention? First Up: Shep Hyken’s opening comments focus on the Net Promoter Score®, which is the result of a survey question that asks a customer “How likely would you be to recommend us?” Repeat customers spend more.

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On Metrics and Complacency

CX Journey

I was recently asked for suggestions on how to prevent different business units and divisions within a larger organization from becoming complacent when they are performing well based on their customer experience metrics. As the department head or business unit head what he/she has done to improve the experience since the last measurement.

Metrics 88
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On Metrics and Complacency

CX Journey

I was recently asked for suggestions on how to prevent different business units and divisions within a larger organization from becoming complacent when they are performing well based on their customer experience metrics. As the department head or business unit head what he/she has done to improve the experience since the last measurement.

Metrics 80
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What's the Difference Between NPS and Customer Engagement?

PeopleMetrics

In this post, we’ll take a look at two more advanced fits: Net Promoter Score and customer engagement. Net Promoter Score (often abbreviated as NPS) is a measure of a customer’s likelihood of recommending you to another person or company. When you want to benchmark your customer experience as a whole.

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Customer Lifetime Value: A Guide to the Northstar Revenue Metric

Wootric CX Blog

Divided by… How many new customers you gained in the same given time period. Customer Retention Cost (CRC). The cost of serving the customer is often overlooked in CLV calculation. The average customer lifespan is calculated in months. Prioritize customer experience above everything else.

Metrics 52