article thumbnail

The Spectrum of Data-Driven CX (And Why There’s No Magic Metric)

Experience Investigators by 360Connext

CX teams use a variety of metrics to guide their efforts, drive improvements, and measure ROI. Net Promoter Score What is it? Calculate your NPS by subtracting the percentage of Detractors (scored 6 or lower) from the percentage of Promoters (scored 9 or 10). Customer Satisfaction Score What is it?

Metrics 270
article thumbnail

How to Prove the ROI of Your Voice of the Customer (VoC) Program

GetFeedback

They say that there’s very little these days that everyone agrees upon, but I—of course—do not agree with that sentiment either. There is greater ROI when the holistic customer journey is the focus. Subsequent NPS/CSAT scores and retention rates. Improving customer experience is what leads to ROI. We all feel it.

ROI 309
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Elevate the Customer Experience with Conversational Commerce

Lumoa

Of course, chatbots can’t answer every query. Setting the Right Metrics and Measuring ROI There’s no point investing in new technology and systems if you have no idea whether they will provide ROI. It connects the customer with agents who can handle their queries (or connect them with someone who can).

article thumbnail

Building A Foundation For Better Customer Experiences

Experience Investigators by 360Connext

It can feel like an uphill climb with too many paths to choose from— especially when you’re first starting your CX efforts. If you’re unsure if the course is right for you—or if you’re looking for quick CX tips to improve your approach—let’s explore some of what you’ll learn. But it’s worth the effort! your CX foundations.

article thumbnail

Voice of Customer Examples to Inspire Your CX Strategy

InMoment XI

For any data to be useful, of course you need to take the time to dig in and understand what your customers are actually saying. Check out some more ideas on identifying and executing ROI opportunities in this Solve for X video. Step #3: Understand Your Customer Data. Listening to the Voice of Customer Examples. Wrapping Up.

article thumbnail

NPS, CES, CSAT: Which One is the Best Metric?

GetFeedback

A great customer experience (CX) , of course. . Net Promoter Score (NPS). In 2003, loyalty consultant Fred Reichheld proposed a simple method to measure loyalty, called the Net Promoter Score ® (NPS ® ). . The NPS score is calculated by subtracting the percentage of Detractors from Promoters. Customer Effort Score (CES).

NPS 278
article thumbnail

How to Calculate the ROI of Customer Experience

Opinionator

The ROI (return on investment) of customer experience for a business is undeniably high. Calculating the ROI of CX is usually measured as a ratio between net profit over a set period and the cost of the initial or recurring CX investment. higher than customers who reported a low score. Methods and Steps in Calculating the ROI.

ROI 52