Deliver incredible customer experiences with a CXM platform that grows with your business

Your Net Promoter Score (NPS) is an important Key Performance Indicator (KPI) used across many industries, from automotive to retail, that helps quantify customer loyalty and satisfaction. It provides businesses with a simple and effective way to measure how likely customers are to recommend your brand to friends or family. However — the real value of your NPS lies not just in the score itself but in the insight it provides on the customer experience and how you can use NPS to improve the customer experience. boostCX is a customer experience management partner that is here to provide you with the tools you need to use NPS to drive success for your business.

Best Ways to Use NPS to Improve Customer Experiences

The true power of NPS lies not just in gathering the scores — but in analyzing that data and actively using that feedback to shape future business strategies. By consistently collecting NPS data, carefully analyzing the responses for trends and insights, and then taking data-based actions to address customer concerns, companies can create a customer-focused business model. This approach leads to memorable experiences that resonate with customers, building brand loyalty, encouraging positive word-of-mouth marketing, and driving growth in your business.

Here are a few ways that you can use NPS surveys and the information gathered from those surveys to create memorable and meaningful customer experiences.

Gather Feedback with Quality and Recurring NPS Surveys

The foundation of any successful NPS strategy is gathering high-quality feedback through well-designed surveys. Regular surveys, conducted at strategic touchpoints in the customer journey, enable you to track trends and identify areas for improvement over time and at different points on the customer roadmap.

Analyze NPS Feedback to Find Themes and Trends

A quality NPS survey allows you to dive deeper into the feedback provided by promoters and detractors. Businesses can use the feedback to identify common themes and trends to gain a better understanding of what is making customers happy or causing frustration. Use this information to make data-driven decisions and address any pain points.

Segment Customers Based on NPS Scores

It is important to have a deep understanding of your customer base to be successful. You can go beyond the overall NPS score and segment customers based on their responses. Look for correlations between NPS scores and other demographics, behaviors, or purchase histories to gain a more nuanced understanding of your customers.

Reward Customers Who Frequently Answer NPS Surveys

It is important to show your appreciation for customers who take the time to provide feedback and studies indicate a high percentage of customers prefer businesses that actively listen and use their input to improve products, services, and experience. You can offer incentives or rewards to encourage participation and demonstrate that their opinions are genuinely valued.

Use NPS Data to Inform Customer Health Scores and the Customer Roadmap

Integrate NPS data with other customer metrics to develop comprehensive customer health scores. This helps you identify at-risk customers and take proactive steps to address their concerns. In addition — you can use NPS data to inform your customer roadmap and ensure that your strategies align with customer expectations and needs.

Find Ways to Accommodate Detractors

Detractors represent a valuable opportunity for improvement and your NPS can help identify the who and the why. Reach out to detractors directly to address their concerns, resolve any issues, and actively work to turn their negative experience into a positive one. This will result in more satisfied customers and increased brand loyalty.

By learning how to use NPS data to improve the customer experience, you can not only measure customer loyalty but gain a deeper understanding of customer needs and preferences. boostCX provides businesses with the tools to implement effective NPS strategies and use the insights gained to create exceptional customer experiences that drive loyalty, brand advocacy, and long-term success.

Customer experience (CX) is much more than just a buzzword — it is an important factor in the success or failure of your business. In many ways, customer experience can be subjective, but with the right data and the right statistics, you can quantify the value of the customer experience. The numbers don’t lie and investing in customer experience leads to real results — from increased revenue to improved customer loyalty.

Here is a better look at our Top 25 Stats that Show the Value of Customer Experience created by the boostCX Team!

25 Customer Experience Statistics You Need to Know

Relevant statistics provide visual and quantifiable proof of the success of customer experience management strategies that your company may employ. A greater understanding of key metrics and industry benchmarks helps you and your business identify areas for improvement, allocate resources effectively, and demonstrate the impact of CX initiatives on the bottom line.

Why Are Customer Experience Statistics Important?

Customer experience statistics provide invaluable information on customer behavior, preferences, and expectations as they are related to your products and services. Analyzing these metrics can identify emerging consumer trends, anticipate the needs of your customers, and allow you to make data-driven decisions.

These statistics serve as a key indicator and will guide companies towards a better understanding of their customers and the factors that influence customer satisfaction. By analyzing customer experience statistics, businesses can take a proactive approach to the customer experience, identify potential issues, optimize customer journeys, and drive growth.

1. An estimated 84% of companies and businesses that work to improve their customer experience have reported increased profits and revenue
2. Data indicates that 87% of customers who experience excellent customer service will do business with that company again
3. Brands that put the focus on the customer versus products and services report profits that are 60% higher than businesses that do not put the customer first
4. 72% of customers that have a positive customer experience with a business will tell six or more people
5. When customers have a poor customer experience, an estimated 89% will choose a competing product or service
6. 80% of businesses and companies compete based on their customer experience
7. A positive customer experience is a key factor in purchase decisions for an estimated 73% of consumers
8. An estimated 90% of businesses — in a variety of industries — have reported that they have made customer experience a priority
9. 64% of customers have claimed that a great customer experience is more important than the price of products or services
10. Data has shown that 42% of customers are willing to pay more for goods and services if it involves a great customer experience
11. 96% of consumers have indicated that customer service is an important factor when related to brand loyalty
12. Personalization is key in retail and up to 80% of consumers are more likely to purchase products or services from a company when their experience is personalized
13. Companies that make customer experience a priority have more engaged employees and an estimated 79% of employees at those companies are moderately or highly engaged
14. Companies with engaged employees perform up to 147% better than companies that do not have an engaged workforce
15. 95% of customer interactions with a business are expected to be controlled by AI by the year 2025
16. An estimated 73% of customers appreciate businesses that ask for feedback and apply it to products and services
17. U.S.-based companies lose an estimated $62 billion each year due to bad customer experiences
18. Online customer service is important and an estimated 60% of customer touchpoints occur online
19. 67% of customers expect a resolution to their issue within 3 hours of reporting
20. An estimated 72% of customers prioritize immediate customer service
21. 48% of customers expect benefits for being a good and loyal customer
22. 80% of companies that have employed conversational AI have reported improved customer satisfaction
23. AI has the potential to increase productivity at a given business by as much as 40%
24. Up to 57% of businesses believe that chatbots provide an increased benefit for a minimal investment
25. 74% of customer service representatives believe that additional access to customer experience tools and data will allow them to personalize customer experiences

The power of customer experience is undeniable and understanding key customer experience statistics can help you make decisions based on hard data. To unlock the full potential of your customer data and elevate your customer experience strategy, we have created a list of our Top 25 Stats that Show the Value of Customer Experience.