net promoter score (nps) - measure customer satisfaction in 1 question

14
THE NET PROMOTER SCORE MEASURE CUSTOMER SATISFACTION WITH 1 QUESTION

Upload: checkmarket

Post on 29-Nov-2014

11.352 views

Category:

Business


3 download

DESCRIPTION

The Net Promoter Score (NPS) is a simple but powerful tool to measure client satisfaction with one single question, an indication of the growth potential of your company or product. Read further for an overview on the use, application and pitfalls of NPS. Join our new webinar that helps you get everybody in your organization involved with 4 concrete tips you can apply immediately and increase your Net Promoter Score: https://plus.google.com/events/cbesg9410u1e9fqeegje4luvca8 Net Promoter and NPS are registered service marks, and Net Promoter Score and Net Promoter System are service marks, of Bain & Company, Inc., Satmetrix Systems, Inc. and Fred Reichheld.

TRANSCRIPT

Page 1: Net Promoter Score (NPS) - Measure Customer Satisfaction in 1 Question

THE NET PROMOTER SCORE

MEASURE CUSTOMER SATISFACTION WITH 1 QUESTION

Page 2: Net Promoter Score (NPS) - Measure Customer Satisfaction in 1 Question

What is the Net Promoter Score?

Customer LoyaltyMetric

Comparable over time and

industries

Easy Interpretable

Customer Satisfaction

Score

Indication of the growth potential of

your company or productOne

singlequestion

developed in 2003 by Fred Reichheld of

Bain & Company in collaboration

with Satmetrix

Page 3: Net Promoter Score (NPS) - Measure Customer Satisfaction in 1 Question

How to calculate NPS?

RESPONDENTS DIVIDED IN 3 CATEGORIES

Page 4: Net Promoter Score (NPS) - Measure Customer Satisfaction in 1 Question

How to calculate NPS?

Promoters respondents giving a positive

score

(9 or 10)

Passivesrespondents giving a neutral

score

(7 or 8)

Detractorsrespondents giving a negative

score (between 0 and 6)

Page 5: Net Promoter Score (NPS) - Measure Customer Satisfaction in 1 Question

Simple metric for everyone in your organization

Deceptively simple for respondents

Goes beyond the classic 'overall satisfaction'

question

When someone recommends you, they risk their

reputation

Why use NPS?

Page 6: Net Promoter Score (NPS) - Measure Customer Satisfaction in 1 Question

Average Highest

What is a good NPS?

The NPS is a number between -100 and +100.

the average firm sputters along at an NPS of only +5 to +10

the highest performing ones are situated between

+50 and +80

Page 7: Net Promoter Score (NPS) - Measure Customer Satisfaction in 1 Question

Don’t worry too much about external

benchmarks

Create your own baseline

Measure continuously

Report continuously

What is a good NPS for you?

Page 8: Net Promoter Score (NPS) - Measure Customer Satisfaction in 1 Question

Passives do not count

Harder to make a passive a promoter

Detractors share more

Easier and better to convert a detractor to

a passive

Get everyone in your organization involved

How to improve your NPS?

Page 9: Net Promoter Score (NPS) - Measure Customer Satisfaction in 1 Question

Add open questions that probe the

underlying reasons behind the low score

Get notifications for low scores in real time

Translate that feedback into actions to Correct common complaints

Contact detractors quickly with an offer

How to reduce detractors?

Page 10: Net Promoter Score (NPS) - Measure Customer Satisfaction in 1 Question

Some critical remarks

The model is too

simple.

Inaccurately measures customer behaviour

No visible difference in % Promoters and %

Detractors in final score

Non-customers

are not included

There is no distinction between the

scores 0 and 6Value of a recommendati

on differsUsain Bolt vs. John

Doe

Page 11: Net Promoter Score (NPS) - Measure Customer Satisfaction in 1 Question

Conclusion

NPS is a useful, simple metric

Measure continuously

Follow up continuously

Report continuously

Watch customer satisfaction and loyalty rise

Page 13: Net Promoter Score (NPS) - Measure Customer Satisfaction in 1 Question

CheckMarket can help

We have a vast experience in NPS research

Our experts can help you set up your NPS program

We have a tool to measure NPS continuously

You can organize and automate the follow-up

We offer NPS dashboards with real-time results

Page 14: Net Promoter Score (NPS) - Measure Customer Satisfaction in 1 Question

About CheckMarket

CheckMarket is a company specializedin enterprise survey solutions

www.CheckMarket.com

www.twitter.com/CheckMarket

www.linkedin.com/company/CheckMarket

www.slideshare.net/CheckMarket