Insight certainty 4/5 debate potential 2/5

Rissell: Manipulating NPS scores for marketing leads to bad internal decisions

Matt Rissell · Three Non Obvious Lessons Learned Selling to SMBs with Xero and Friends · Aug 21, 2017 · at 35:22

Matt Rissell (CEO of TSheets) warns SaaS founders against gaming Net Promoter Score surveys instead of measuring customer sentiment rigorously.

0:00 / 0:54exact quote · 54.1s
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“One thing that I will say is the NPS score, I mean, you will be tempted to create a bullshit NPS score. You will. You'll be tempted to do it, because it's something that you control how you do it internally, and then people leverage that as a marketing tool somehow. I think it's crazy, and I think long term that kind of bites you, because you really don't know how your customers are reacting to your product, or whatever it is you're trying to, You're just lying to yourselves, and you'll start to make decisions, by the way, and drink your own Kool-Aid, and I highly recommend that you do an NPS score, you know, create your NPS score by using the best, ah, practices, like the most academically correct ways, and there's, you know, a few different ways to do it, but just make sure that, that you do it with some level of integrity, because otherwise, if you don't, I mean, I won't care But you won't have the feedback to make good decisions.”

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More from Matt Rissell

Prediction Not checkable as stated
Rissell: Best-of-breed point solutions with seamless integrations will win in SMB SaaS
“The ones that I actually think are going to win in the marketplace are those that solve, ah, one problem. They're the best in breed solution. And then what they do is they seamlessly integrate with, ah, other applications that provide a solution.”
Matt Rissell Aug 21, 2017 ▶ 4:56 Three Non Obvious Lessons Learned Selling to SMBs with Xero and Friends
Disclosure
Rissell: TSheets has no management titles across the company
“We have no management titles inside of TSheets at all, because I think managers are, like, trying to constrict and trying to manufacture authority, right?”
Matt Rissell Aug 21, 2017 ▶ 20:36 Three Non Obvious Lessons Learned Selling to SMBs with Xero and Friends
Disclosure
Rissell: Outbound sales failed to scale at TSheets
“Like, it couldn't be an outbound sales team that created the demand, and so that, that, that was, didn't work. So now our salespeople are different, right? So we have those that come in, and they actually sign up for TSheets, and then we have salespeople engag…”
Matt Rissell Aug 21, 2017 ▶ 25:06 Three Non Obvious Lessons Learned Selling to SMBs with Xero and Friends
Disclosure
Rissell: TSheets suffered four go-to-market failures and ran out of money
“I mean, we had four miserable go-to-market failures, like to the point where we ran out of money, we had to move into free space, we had like four and a half employees, like the world was coming to an end.”
Matt Rissell Aug 21, 2017 ▶ 8:56 Three Non Obvious Lessons Learned Selling to SMBs with Xero and Friends
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