Beyond Philosophy

JUNE 11, 2015

Without fear of (much) argument, it’s a fair statement that all companies want, and try to generate and achieve, optimum loyalty from their customer base. Customer loyalty programs are especially popular among retailers. The company has long claimed that a loyalty program isn’t needed because their prices are so low.

Loyalty Programs 109

Loyalty Programs Loyalty Airlines Retail 109

SurveySensum

MAY 19, 2023

Customer loyalty and satisfaction are crucial when it comes to banks. More than often, customers are attracted to banks that value them and offer good service. But when every bank strives to achieve the same, how can you get a competitive edge? This is where Net Promoter Score (NPS) comes into play.

Banking 52

Banking NPS Net Promoter Score Financial 52

delighted

JUNE 1, 2022

bank, 82% of failed businesses cited cash flow as a factor in their collapse. Most importantly, a high lifetime value shows a degree of brand loyalty. Loyalty programs are an excellent way to reward and recognize customers who stick with you. Wondering how you can improve your CX program? According to one U.S.

Net Promoter Score 71

Net Promoter Score Customer Retention Loyalty Customers 71

ProProfs Chat

MAY 31, 2019

Loyalty goes a long way in defining and building relationships between people. How to Cultivate Customer Loyalty. How to Cultivate Customer Loyalty. The primary purpose of a customer loyalty program is to leverage the current customers into promoting the brand and retaining new customers.

Loyalty Programs 66

Loyalty Programs Loyalty Net Promoter Score Omnichannel 66

Oracle

JANUARY 16, 2018

As executives in the finance office begin to notice a declining correlation between Net Promoter Score (NPS) and ROI on their CX programs, new methods to measure baseline customer satisfaction attributable to added revenue will emerge. Prediction #1: New routes to gain customer intimacy.

2018 52

2018 Customer Experience Net Promoter Score Innovation 52

Retently

MARCH 18, 2019

Well, by far the most effective way to measure customer satisfaction and loyalty is via the Net Promoter Score. After all, brands with high customer retention are usually companies with high NPS score. Consumers love Starbucks – even more since the company implemented its rewards program.

Net Promoter Score 133

Net Promoter Score NPS Customer Retention Loyalty 133

Beyond Philosophy

SEPTEMBER 2, 2019

When organizations talk about loyalty, what they mean is, “the customer gives me all of their business.”. Customers giving you all their business isn’t customer loyalty on its own. Customer loyalty is more than automatic or indifferent behavior. We discussed the two secrets to Customer Loyalty in a recent podcast.

Loyalty 141

Loyalty Banking Loyalty Programs Net Promoter Score 141