How to Reduce Churn by 50% and Increase Customer Happiness with NPS Processes
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1) The document discusses how to use Net Promoter Score (NPS) surveys to gain customer satisfaction data and reduce churn by 50% within Kissmetrics. It provides steps to set up a simple email survey, record the data in Kissmetrics, and analyze the results. 2) It recommends capturing more data by sending survey respondents to a follow-up form to provide a reason for their score. This additional data can be analyzed to gain insights into reasons for churn. 3) The document outlines actions companies can take based on NPS data like offering discounts to low-scoring customers, extending trials of promoters, and reaching out to paying customers for feedback to reduce churn further. Taking action on NPS data can
How to Reduce Churn by 50% and Increase Customer Happiness with NPS Processes
- 1. How to Reduce Churn by 50% and Increase Customer Happiness with NPS GUILLAUME CABANE, HEAD OF GROWTH MARKETING, MENTION
- 3. THUE MADSEN Marketing Operations Manager, Kissmetrics @ThueLMadsen Head of Growth Marketing @Mention | Ex-Apple | Startup Mentor at @numaparis. Doing Internet stuff since 97', still not billionaire but working on it! #Pastafarian GUILLAUME CABANE Head of Growth Marketing, Mention @guillaumecabane Thue is the Kissmetrics Webinar Wizard and Marketing Ops Manager. Before joining forces with Kissmetrics, he was a Lyft driver in SF, which is also how he ended up as a KISSmetrics marketer. Whenever Thue is not trying to automate everything around him, you can find him hiking in the Sierras.
- 6. 1 Get satisfaction data in Kissmetrics under 5 minutes Use a dedicated NPS survey tool Create follow-up questions Analyze results 2 Capture more data 3 Action! Increase sales, reduce churn and create happiness TABLE OF CONTENTS Build a simple email survey Use Kissmetric’s URL API Analyze results Use Segment.com to get your NPS data to Kissmetrics and an email tool Send follow-up email Analyze results
- 7. WATCH WEBINAR RECORDING NOW
- 8. Marketing (perceived value - real value) = margin
- 9. Growth hacking t = time spent on customer relationship (perceived t - real t) = margin
- 10. Automation + Scalabilty = Growth Marketing
- 11. #1 Get satisfaction data in Kissmetrics under 5 minutes o/
- 12. NPS: NET PROMOTER SCORE How likely is it that you would recommend our service to a friend or colleague?
- 13. IT STARTS WITH A SIMPLE EMAIL Trial Expired NPS Survey 1 day after
- 14. SEND AN EMAIL AT THE END OF YOUR TRIAL PERIOD Each image has a unique trackable link On click, send to your website and record the value in your analytics Done ! Email template available at https://www.sendwithus.com/resources/templates
- 15. RECORD THE DATA TO KISSMETRICS https://yourwebsite.com/thankyou?kmi={{email}} &kme=Answered+NPS+Survey&km_NPS Score=10&km_NPS type=free Sends visitor to your website, records the « Answered NPS Survey » event with score value and plan 10
- 16. User ID Event name Score value User segmentation kmi={{email}} kme=Answered NPS Survey km_NPS Score=10 km_NPS type=free SEND AN EMAIL AT THE END OF YOUR TRIAL PERIOD
- 17. DATA ANALYSIS Higher NPS scores lead to better retention
- 19. Guillaume Cabane Mention “ Net Promotor Score isn’t just a metric - it’s an excuse to dig deeper
- 20. SEND USERS TO A FORM Send survey respondents to a form where they can give a reason for their score.
- 21. Engagement is better while inside your app, so when possible display the survey in-app first, and default to the email in backup USE A DEDICATED NPS APP
- 22. DATA ANALYSIS Churn by NPS reason
- 23. LOG IN WITH GOOGLE Start Your Free Kissmetrics Trial
- 24. #3 Action! Increase sales, reduce churn and create happiness
- 25. Increase sales NPS FOR YOUR TRIAL USERS
- 26. The key is to get that data back into Kissmetrics AND other tools, which is possible with all NPS solutions offering webhooks … or a Segment.com integration
- 27. MAKE USE OF THAT DATA Reminder E-mails Display survey in-app for 5 days Send survey dataGet customer data Follow-up emails
- 28. MAKE USE OF THAT DATA Trial expired In App Email Surveys Answered NPS Survey Review 100 mentions Trial extension 30% off referral Thank you referral > 2 NPS >= 9 downgraded NPS > 6 + « evaluating » NPS > 6 + « expensive » no invite NPS > 9 NPS < 6
- 29. DISCOUNT AUTOMATION 72% Opened 9% Replied 15% Clicked « Hi {{ first_name }}, I was talking to Guillaume over a coffee and he told me you gave us yesterday a rating of {{ NPS_score }}. Thank you so much for your feedback. He also told me your main issue was price related, and I believe I could help by offering you a 30% coupon : XXXXX Please let me know if I can do anything else to help improve your Mention experience. Happy monitoring! Matt, Customer Success Hero @ Mention
- 30. TRIAL EXTENSION AUTOMATION 70% Opened 33% Clicked « Hi {{ first_name }}, I was talking with Guillaume (our Head of Marketing) over coffee, and he told me you gave us yesterday a rating of {{ NPS_score }}! Thank you so much for your support. He also told me your main issue is that you have not had enough time to evaluate Mention. Seeing how you like it so much, I have created a special link so you can extend your trial another two weeks. https://web.mention.com/#trial/extendtrial Please let me know if I can do anything else to help improve your Mention experience. Happy monitoring! Adriana, Customer Success Hero @ Mention
- 31. TRIAL EXTENSION AUTOMATION Results Cumulated number of upgrades for NPS respondents. Month 1 Month 2 Month 3 x2 x3 x3.5
- 32. Reduce churn NPS FOR YOUR PAYING USERS
- 33. Guillaume Cabane Mention “ A NPS rating is true at one point in your user’s lifecycle. Making conclusions on events happening months after is meaningless; it’s better to ask opinion every so often.
- 34. MAKE USE OF THAT DATA Handled by handUpgraded NPS Survey 1 month after
- 35. MAKE USE OF THAT DATA perfect (nps > 6) Product issues I need help I need more time Features are missing Too many mentions missed Too buggy CS contact Best practices + follow up Product contact + beta CS contact + help set up Product contact Referall
- 37. REACHING OUT GETTING DATA CUSTOMER SUCCESS PRODUCT FEEDBACK MULTI-TASKING NPS
- 38. THINGS FIT TOGETHER Answer Rate Qualitative Handling Automation
- 39. We are learning more On our customers, increasing sales, decreasing churn, and creating happiness.
- 40. Guillaume Cabane Mention “ Data gives you the « what » NPS GIVES YOU THE « WHY »
- 41. GUILLAUME CABANE Head of Growth Marketing, Mention @guillaumecabane guillaumecabane@mention.com THUE MADSEN Marketing Operations Manager, Kissmetrics @ThueLMadsen tmadsen@kissmetrics.com Questions?