article thumbnail

Understanding Negative NPS Score: Causes, Impact and Solutions

Lumoa

You’ve designed your NPS survey and emailed it to all your customers—and the results are in… but not those you were expecting. When it comes to gauging customer sentiment and loyalty, few metrics enjoy such widespread acclaim as the Net Promoter Score (NPS). Does it spell doom for your business?

NPS 83
article thumbnail

NPS in Customer Service: Measure and Improve Customer Loyalty

SurveySensum

Did you know exceptional customer service is key to retaining customers? Studies show that 93% of customers are more likely to repurchase from companies that offer excellent customer service. Therefore, it is essential to prioritize your customers and deliver exceptional customer service.

NPS 52
Insiders

Sign Up for our Newsletter

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

article thumbnail

9 Strategies to Improve Customer Retention Rate in 2023

SurveySensum

This strategic move resulted in doubling their business, showcasing the power of leveraging customer retention to drive growth. Well, acquiring new customers can costs you five times more than keeping the ones you have. So, customer retention is indeed crucial. What is the Customer Retention Rate?

article thumbnail

Customer Satisfaction Best Practices: Insights for Marketing Experts

SurveySensum

With these best practices, you will not only drive revenue but also cultivate long-lasting connections with your customers. 5 Customer Satisfaction Best Practices Each interaction between your customer and you is a business opportunity. So, HOW can you ensure delivering exceptional customer service?

article thumbnail

What is Retail Customer Experience?

SurveySparrow

You can use advanced tools like those provided by SurveySparrow to simplify the process and streamline the collection of customer feedback. Here are some key methods to measure the retail customer experience: 1. Net Promoter Score (NPS) : NPS is a widely used metric that gauges customer loyalty and satisfaction.

Retail 52
article thumbnail

70+ Business Survey Questions You Should Include in Your Next Business Survey

ProProfs Chat

Customer Service Business Questions. Exceptional customer service plays a vital role in maintaining and strengthening business-customer relationships. On a scale of 1-5, how effective or ineffective would you say the service/support team member’s communication was? NPS Survey Business Questions.

article thumbnail

Top 15 NBFC Customer Feedback Tools for Effective Feedback Management

SurveySensum

Ultimately, all these limitations and issues drove her to seek more customer-friendly financial alternatives, leaving the NBFC with a lost opportunity and a dissatisfied former client.’ NBFCs have a multitude of limitations and issues that affect their customer retention and satisfaction. Gather customer feedback in real-time.