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|The Importance Of Net Promoter Surveys by JasonBrownM: 11:06am On May 28, 2019|
Research has shown that the Net Promoter Score®, also known as NPS®, acts as a growth indicator for an organization. In fact, businesses which are leaders in the Net Promoter System grow at more than twice the rate of their competitors. Therefore, by using NPS as a foundation, a business can significantly boost growth and profits.
What is the Net Promoter Score?
The Net Promoter Score is a metric designed to measure customer loyalty. It is said to be one of the most important metrics for a business to measure loyalty, paving way for ultimate professional success. It tracks how customers spread the word about a brand to their peers, friends, and family. The developers of the NPS say that this representation results in free word-of-mouth marketing for a business.
Deploying Net Promoter Surveys
Some businesses implemented Net Promoter Surveys as a way to drastically improve relationships with their customers. It provides significant feedback – the perspective of customers – thereby empowering companies with enough data to easily track customer loyalty as a metric. These Net Promoter Surveys gather information that companies can then act on in order to increase their NPS.
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