Lumoa

NOVEMBER 21, 2023

When automated to collect the same sets of data to study growth and behavioral changes over a certain period, the data can lead to helpful insights. Detailed insights: in the age of fierce competition, knowing whether the customer is happy or not is not enough. When the score is good, it generally implies that the business is thriving.

Analysis 208

Analysis Feedback Social Media Chatbots 208

Thematic

MARCH 27, 2024

Churn –  lost revenue, tarnished reputation, and wasted effort.  The A Competitive Advantage Companies that actively manage their churn risk demonstrate a commitment to customer experience. Develop a churn risk scoring system that incorporates these findings. The consequence?

Effort Score 62

Effort Score Analysis Feedback Net Promoter Score 62

SurveySensum

NOVEMBER 6, 2023

Positive Word of Mouth By calculating your NPS score you can easily identify your promoters who are more likely to become brand advocates. Increased Customer Retention By calculating your NPS score, you also find your dissatisfied customers, aka detractors. And in order to do that you need to calculate and understand your NPS score.

NPS 52

NPS Feedback Effort Score Customer Journeys 52

SurveySensum

SEPTEMBER 8, 2023

This small case study shows that when companies move beyond the traditional customer satisfaction metric and rigorously measure NPS , they can find ways to make customers happier, which, in turn, can lead to increased revenue. In the study, they found that an increase of the NPS score by 7 points equates to a 1% growth in revenue.

NPS 52

NPS ROI Social Media Effort Score 52

SurveySensum

MAY 11, 2023

Customer expectations have changed drastically, and businesses need to keep up if they want to stay competitive. One way to do this is by using Net Promoter Score (NPS), a simple and widely used metric that helps businesses measure customer satisfaction, benchmark their performance against competitors, and identify areas for improvement.

NPS 52

NPS Retail Net Promoter Score Effort Score 52

Thematic

DECEMBER 5, 2018

Think customer loyalty programs are all about getting generic discounts, points and rewards? Interestingly, according to a study by Broadway Business , only 32% of respondents are satisfied with their company’s use of analytics to create a competitive advantage. Think again. 5 types of customer retention analytics.

Customer Retention 96

Customer Retention Analytics Data Strategy 96

ProProfs Chat

JULY 21, 2020

A study by Bain and Company found that after 10 purchases, your customers are likely to refer 50% more people as compared to one time purchasers. Reach can be better explained by the number of people (or households) who become aware of your brand either through direct website footfalls, promotional efforts or word of mouth.

Management 52

Management Loyalty Programs Loyalty Competitive Advantage 52