The NPS, or Net Promoter Score, is a performance indicator that measures the propensity of your customers to recommend your business to relatives and colleagues. The NPS was theorised by Fred Reichheld and Bain & Company in 2003.
The results of the study by Fred Reichheld demonstrate a correlation between the NPS and the growth of a business. Organisations that have a high Net Promoter Score grow 2 to 4 times faster than their competitors!
The NPS system seeks to measure not just customer satisfaction, but it gauges whether customers like your company so much that they'd tell their friends about it. It does this by asking one core question.
The first question of the NPS is a graded rating which does not tell us: "Why would you not recommend my company?" or "How can I convince you to do so?".
So we have improved the basic NPS by adding an open-ended question: this second question lets you collect feedbacks which will tell you more about the Customer Experience. By identifying your Detractors, you will be able to meet their discontent and then close the loop.
This score is obtained by the answers your customers give to a standard question:
"On a scale of 0-10, how likely is it that you would recommend our company/product/service to a friend or colleague?"
According to the given rating, the respondent is then classified into one of these three categories:
The NPS is calculated by % of promoters LESS % of detractors. The score ranges between +100 and -100. Generally a score above 0 is positive. For example, the NPS average of the companies in the USA is 15.
A Net Promoter Score above 50 is excellent (Apple and Amazon have a NPS around 60).
For example, in B2C or B2B market, the following very well known companies are using it:
AvisBudget, Apple, Avis Europe, Bank of Melbourne, BBC, eBay, Expedia, Facebook, Hertz, Lego, Logitech, Porsche, Schneider Electric, Sodexo, Swisscom, Zappos, University of California- Berkeley, Swisscom, ...
Now, my-NPS renders the Net Promoter Score affordable for small and medium sized business, so why not you?
"Your most unhappy customer is your greatest ally", according to Bill Gates! But why?
Simply because they offer valuable information and this will allow you to find areas for improvement and create the "Wow!" factor.
The NPS question (also known as "the Ultimate Question"!) relates to a recommendation rating not to be mistaken with a satisfaction rating. So, boost your business recognition!
With my-NPS , you can manage and deploy as many NPS projects as you want, from A to Z without having to jump from one site or tool to another. It's intuitive, easy and good for innovation... and your business!
You will find advice and good practices in this exclusive white paper and video tutorials to master my-NPS interface.
Here is an overview of my-NPS dashboard which contains all the features that you need: editing and testing of NPS projects (questionnaires and emails), deployment by email or by sharing a link, viewing the results, analyzing feedbacks, ...
This screenshot shows the panel which lets you select the question you will ask through your NPS survey: you will choose it according to your project and the targets that you are interested in (B2B, B2C).
Through this panel, you will configure the email that your customers and prospects will receive.
You can customise the sender's name and email-address and the subject of the email, write an introductory sentence as well as a thank you sentence. And don't forget to choose a colour theme and upload a logo!
my-NPS gives you access to the results in different ways: charts, list of verbatims, database download.
This is one of the charts you will get: it shows the structure of the population that have taken part in your NPS program. Carefully analyse the percentages of promoters, detractors and passives... and read our White Paper to learn more!