NPS®: Benefit From the Passion of Your Promoters
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The document emphasizes the importance of leveraging promoters to drive business growth, highlighting that 80-90% of positive referrals come from them. It outlines steps for calculating the Net Promoter Score (NPS) and engaging with loyal advocates through referrals, testimonials, speaking opportunities, and feedback. Additionally, it stresses the need to address detractors' concerns to convert them into promoters, thus enhancing customer relationships and financial performance.
NPS®: Benefit From the Passion of Your Promoters
- 1. 1 NPS®: Benefit From the Passion of Your Promoters ©2013 Satrix Solutions
- 2. 2 80 to 90% of Positive Referrals Come from Promoters*... * netpromoter.com ©2013 Satrix Solutions
- 3. 3 With a high correlation between strong customer relationships and financial performance - developing a business strategy that centers around customer performance metrics is critical. So Channel Brand Evangelists to Fuel Growth ©2013 Satrix Solutions
- 4. 4 First, Calculate Your Net Promoter Score® How likely are you to recommend us to a friend or colleague? Not at all likely 0 1 Extremely likely 2 3 Detractors (0-6) 4 5 6 7 8 Passives (7-8) 9 10 Promoters (9-10) % of Promoters −% of Detractors = Net Promoter Score (NPS) ©2013 Satrix Solutions
- 5. 5 Next, Reach Out to Your Most Loyal Advocates. Also known as “Promoters.” ©2013 Satrix Solutions
- 6. 6 Ask for a Referral or Testimonial… “Satrix Solutions is a true partner in every sense. The insights delivered has helped us gain a deep understanding of the loyalty drivers and uncover improvement opportunities in our client relationships. They have undoubtedly helped accelerate the growth we have experienced, thanks to more referrals and higher new business win rates." Marc Greene Managing Director, Ipreo ©2013 Satrix Solutions
- 7. 7 Offer to Put Them on the Center Stage! Securing speaking opportunities not only provides brand recognition for your client, it also serves as a great opportunity to introduce the success of your products or services. ©2013 Satrix Solutions
- 8. 8 Invite Promoters to Join the Conversation. Let them know their voice is important to you by having them participate in your user groups or client advisory board meetings… ©2013 Satrix Solutions
- 9. 9 Invite Promoters to Join the Conversation. …You can also ask for feedback on your long-term strategy or products / services roadmap. ©2013 Satrix Solutions
- 10. 10 Get Approval to Write a Case Study ©2013 Satrix Solutions
- 11. 11 Encourage them to spread their appreciation for your business to their social networks. ©2013 Satrix Solutions
- 12. 12 Finally, lessen the impact of Detractors by closing the loop and tackling the issues that result in negative customer perceptions to turn them into Promoters. ©2013 Satrix Solutions
- 13. 13 Remember… “80 to 90% of positive referrals come from Promoters. Therefore, it’s important to have powerful Promoter-oriented processes built into your Net Promoter program.” ©2013 Satrix Solutions
- 14. 14 About Satrix Solutions We measure success by the results our clients achieve. Our customized feedback programs and highly flexible approach incorporates best practices obtained from our extensive experience to introduce discipline, rigor, and metrics to your feedback efforts. Client Satisfaction Survey Sales Win/Loss Analysis Net Promoter® Survey Client Defection Analysis Client Advisory Board Employee Satisfaction Survey Evan Klein ®Net Promoter, Net Promoter Score and NPS are registered trademarks of Bain & Company, Inc., Satmetrix Systems, Inc., and Fred Reichheld ©2013 Satrix Solutions Founder & President evan@satrixsolutions.com 480.773.6120