Uploaded on Sep 18, 2020
Increase your company’s Net Promoter Score (NPS) or the likelihood that customers will recommend you to others. Gamify NPS and achieve higher customer satisfaction. Gamification isn’t about the game, but the underlying mechanics that motivate people and drive business impact. Now is the time to get in the game, and that starts by building your business case. Get in touch with PUG Interactive for more information.
Improve Net Promoter Score
NET PROMOTER SCORE M A K E Y O U R T E A M W O R K S M A R T E R , N O T H A R D E R NPS stands for Net Promoter Score which is a metric used in customer experience programs. Calculating Your Net Promoter Score It’s simple to calculate your final NPS score – just subtract the percentage of Detractors from the percentage of Promoters. Final NPS Score = % of Promoters - % of Detractors Promoters Passives Detractors respond with a score respond with a score of respond with a score of of 9 or 10 and are 7 or 8. They are 0 to 6. These are typically loyal and satisfied with your unhappy customers enthusiastic service but not happy who are unlikely to buy customers. enough to be from you again, and considered promoters. may even discourage Customers who others from buying answer the question Customers who answer from you. with 9-10 the question with 7-8 Customers who answer the question with 0-6 Transactional NPS Programs Relational NPS Programs Transactional NPS surveys are sent Relational NPS surveys are out after the customer interacts deployed on a regular basis (i.e.- with your company (i.e.- a purchase quarterly or annually). The goal is or support call). It’s used to to get a periodic pulse on your understand customer satisfaction on customers and understand how a granular level and provide they feel about your company feedback about a very specific topic. overall. Why Is NPS Important? Measures Customer Loyalty Customer NPS helps brands evaluate customer loyalty — and the likelihood of them recommending you to a friend. Improved net promoter score also helps evaluate the likelihood of customers churning — canceling their subscription or not repurchasing and seeking out a product or service from a different company. It identifies ways to improve. Customers might answer the NPS question with a low score, or even a 0. It's tough when that happens — especially if it happens more than once — but it also presents an opportunity to zero in on customer feedback and make product or service improvements accordingly. Boosts Referral Marketing Customer NPS gives companies an idea of how likely they are to earn recommendations from happy customers — which, as it turns out, carry a lot of weight. More than 80% of happy customers are willing to provide recommendations. Nearly 70% of respondents were more likely to purchase a product if a friend talked about it on social media or email. Referred customers have a 16% higher lifetime value — and greater ROI — than others. Helps you prioritize reaching out to detractors. Detractors are those NPS survey respondents between a score of 0-6, indicating that they would likely not be willing to recommend your product or service to others. And just as investing in your promoters can offer dividends for your company's growth, focusing on detractors is important, too. When you receive NPS results, divide the responses into the three categories, and analyze the reasons why respondents chose their answers. It's important to follow up with your valued customers, but particularly if they flag a problem or issue they're having using your product or service. It could be a matter of misunderstanding or user error, or it could be a bigger-scale complaint that you alone can't solve, but by following up with detractors, you can make them feel heard and valued, and might make them less likely to churn — or worse, tell others that they shouldn't purchase from you. Use NPS to Grow Better Once you analyze NPS data and (hopefully) find many happy promoters, don't stop there. Open up a dialogue with happy customers and see if you can engage them in a referral program to keep them satisfied — and acquire more customers in the process. Improve NPS By Customer Engagement Picnic supports improving NPS by engaging customers using a range of design options from basic “air miles” style loyalty points programs, to complex tiered VIP rewards and status programs, to dynamic and colourful interactive loyalty activities, quests, mini-games, challenges and contests spanning both digital and real-world. Supporting a broad range of features such as points, levels, groups, leader boards, digital goods, instant win prizing, collection challenges, quests, and more, Picnic™ is a comprehensive solution with enough flexibility to offer brands long-term future-proofing and campaign iterations. You need to think about net promoter score NPS if you haven’t done it so far.
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