In the UK, the brands that consumers are most loyal to include First Direct, Tesco Mobile, Santander and Freeview, with credit card provider MBNA also rising rapidly through the ranks, according to the latest UK Net Promoter Benchmarks report from Satmetrix.
The benchmark report ranked more than 60 brands across nine UK sectors, including financial services, insurance, television, mobile and internet providers, identifying which companies consumers do business with. Factors determining brands' Net Promoter Score (NPS) include customer views on ease of use, access to support, company reputation, treating customers fairly and value for money, to name just a few.
"The Net Promoter leaders are more likely to enjoy high customer retention, lower customer acquisition costs, and ultimately benefit from more sustainable growth," explained Brendan Rocks, head of data science for Satmetrix. "Many of the companies at the bottom of the rankings have huge potential to improve, and Satmetrix's research brings to light the areas of the customer experience where they lag competitors."
The country's top ten Net Promoter Scores (across all sectors) were as follows:
Among the report's other key findings:
The Satmetrix Net Promoter Benchmarks are based on survey responses from more than 11,000 UK consumers who rated their experience with the primary brands they use. The Net Promoter Score, or NPSR, for each brand is based on customers' likelihood to recommend the company's product or service in the sector being rated. NPS is calculated as the percentage of customers who are promoters, rating the company 9 or 10 on a 0-10 point scale, minus the percentage who are detractors, rating 6 or lower. Consumers also rated each brand on various aspects of customer experience, including product or service features, customer service and overall value, enabling Satmetrix to identify the key drivers of loyalty and recommendation.
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