SPONSORED STORIES

All you need to know about NPS

When it comes to any business, customer is the king. The success of a business depends on how happy the customers are ultimately. A bad customer review can have adverse effects on any business. NPS stands for Net Promoter Score which is a metric used in customer experience programs. NPS measures the loyalty of customers to a company. NPS scores are measured with a single question survey and reported with a number from -100 to +100, a higher score is desirable.

What Can You Measure Using NPS?

You can measure almost anything using an NPS score. In addition to understanding the overall NPS for your organization, you can track scores for everything from individual products, stores, web pages, or even staff members. Consider implementing NPS into marketing or customer experience strategy because it can be used with industry NPS benchmarks to see how you’re doing compared to your competitors. It will help you understand your target market better and see how they respond to your product or service, social media campaigns, and customer service agents. The goal is to gain loyal customers who become brand evangelists instead of consumers.

USING NPS TO SURVEY AND MEASURE EMPLOYEES (ENPS)

While most net promoter score surveys are designed to collect customer feedback they can also be used to measure employee sentiment, or what is commonly referred to as employee net promoter score (eNPS). eNPS measures how likely your staff members are to recommend your company as a place to work. Qualtrics recommends against using eNPS to measure employee feedback in favor of other more comprehensive survey methodology such as employee engagement surveys. eNPS lacks the complexity an engagement survey has, as it’s only one question. It can be a good a starting place, but doesn’t give you a complete picture of employee health, and you won’t know where to make improvements once you get the data.

NPS in a nutshell

  • Net Promoter Score (NPS) measures the loyalty of a company’s customer base with a score from -100 to +100, which comes from customers answering the question “How likely are you to recommend this company to a friend or colleague?”
  • To grow your business, you need satisfied customers or ‘promoters’ who talk about you enthusiastically and send referrals your way—and the way you measure your promoters is by checking how many people scored you 9 and 10 in an NPS survey.
  • NPS is a useful number for evaluating and benchmarking your business, but its real value is in the answers to the follow-up questions you get to ask as part of the survey: “What’s the main reason for your score?”,”What can we do to improve our business – and your score?”, and”What can we do to WOW you?” Customer satisfaction is key to getting new customers and securing old ones.

I hope you found this to be an interesting read and if you did then do let me know in the comments below. Also, don’t forget to checkout my latest post right here

 

Leave a Reply

Your email address will not be published.