Have you seen The Customer Experience Factbook?

In this 180+ page report, you'll find all the information and support you need to build a profitable, effective CX Improvement Program that spans every part of your business. You'll be able to implement and manage meaningful and profitable change, and grow your bottom line despite a slowing economy.

Get it on Amazon (Kindle/Print)

NPS benchmark reveals brand loyalty leaders

This year's winners included well-known brands such as USAA, JetBlue Airways, Symantec, Trader Joe's, Vanguard, Amazon.com, Apple, Google, Costco and American Express.

The rankings are based on survey responses from more than 22,000 U.S. consumers nationwide, and include ratings for 170 individual brands across 17 industry sectors. Each consumer rates up to two companies from whom they have purchased products or services within the previous 12 months. A company's Net Promoter Score, or NPS, is based on customers' likelihood to recommend the company. (NPS is calculated as the percentage of customers who are Promoters, rating the company 9 or 10 on a zero-to-ten point scale, minus the percentage who are Detractors, rating 6 or lower.)

Consumers also rated each company on various aspects of customer experience, including product or service features, customer service and overall value, allowing Satmetrix to analyse drivers of loyalty and performance gaps for each company.

"Having a great customer experience is critical to a company's financial performance because it impacts both customer retention and new customer acquisition through word of mouth," said John Abraham, general manager of Net Promoter programmes for Satmetrix. "These benchmarks should allow companies to compare their performance with industry peers based on an industry-standard measure of customer loyalty."

The study encompassed 17 specific competitive sectors across seven industries. Highlights included:

• Financial Services
  USAA's direct banking operation led the banking sector again this year with an NPS of 87%, the highest NPS recorded across all brands and industry sectors. Citigroup and HSBC Bank were the only two banks profiled with more Detractors than Promoters, earning an NPS of negative 6% and negative 13% respectively. In the brokerage and investment category, newcomer Vanguard took the top spot at 56%. The credit card sector average moved up 9 points over last year, with American Express remaining in top position at 41%, 61 points ahead of sector laggard Citigroup.
• Insurance
  The average score in the health insurance category climbed 7 points from last year but remained the lowest of all sectors profiled. A new addition this year, Kaiser Permanente, led the category with a positive NPS of 28% compared to the sector average of negative 5%. CIGNA once again ranked last among major health insurers with an NPS of negative 24%. The average NPS for life insurers dropped 7 points compared to last year, with State Farm still leading at 19%. USAA dominated both the auto insurance sector at 73% and homeowners insurance at 78%.
• Airlines
  JetBlue Airways (60%) and Southwest (59%) once again dominated the airline rankings, scoring nearly 45 points above the industry average with similar scores. U.S. Airways trailed the segment at negative 12%. JetBlue Promoters referenced the in-flight experience, extra legroom, quality snacks and television, while Southwest Promoters praised the airline for its friendly service and for not charging baggage fees.
• Telecommunications
  Metro PCS took the top spot in the cellular phone service sector with a score of 41%. TracFone and Sprint saw the biggest improvements with increases of 8 and 10 points respectively. In Internet service, Verizon led with an NPS of just 13%, highlighting that providers in this sector continue to struggle to build positive connections with the customer. Verizon also led in the cable & satellite TV category at 28%, 12 points higher than last year's winner, DIRECTV.
• Technology
  Apple continued as the top performer in the computer hardware sector with an NPS of 72%. Sony made the biggest jump in the category, increasing 12 points to an NPS of 46%. In the consumer software sector, Symantec earned top position with an NPS of 44%, increasing its score by 8 points compared to last year's benchmark.
• Online Services
  Amazon.com led the online shopping sector with an NPS of 70%, edging out other leading online sites such as eBay and the Amazon.com subsidiary Zappos.com. In the online search and information category, Google and Facebook led again with scores of 53% and 52% respectively.
• Retail
  The grocery and supermarket sector achieved the highest average NPS of all industries examined, with Trader Joe's increasing its score by 14 points to 82%. Costco led again among department, wholesale and specialty retailers with an NPS of 77%, while Target outpaced Wal-Mart by 29 points.

The full reports are available for purchase directly from the Satmetrix web site.

Have you seen The Customer Experience Factbook?

In this 180+ page report, you'll find all the information and support you need to build a profitable, effective CX Improvement Program that spans every part of your business.

You'll be able to implement and manage meaningful and profitable change, and grow your bottom line despite a slowing economy. Grab this goldmine of easily adaptable and up-to-date strategies, walk-throughs, trends, technologies, research, suppliers and partners, plus all the supporting arguments you need to build a solid CX strategy.

While most marketers could list maybe a dozen key points for improving their brand's Customer Experience (CX), the researchers and writers at The Marketing Factbook have identified FORTY main 'CX Keys' which will help you drive your customers to new levels of delight, loyalty, advocacy and profitability.

The areas in which customers have direct contact with your organization are perhaps the most obvious places in which CX improvements can be made, and this report addresses all 24 of these 'Direct CX Keys', applicable to offline and online businesses alike.

At the same time there are many other areas that indirectly affect CX (such as the supply chain, policies and processes) in which every business can make simple but far-reaching improvements. This report guides you through the problems and solutions for all 16 of these 'Indirect CX Keys', many of which are often forgotten or under-played even in the best CX strategies.

Get it on Amazon (Kindle/Print)