“It's about 38%, so man in the front row, give him a cigar. 38%, but the thing that's important about that is, over the past 12 months, that's gone up by about seven points, ok?”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
(the analysis reads context, assessments check outside sources). how →
More from Tom Hale
Insight
Hale: Choosing between relational and transactional NPS is a false dichotomy
“Some say relational NPS is better for B to B SaaS. Some people say transactional NPS is better for e-commerce sites. I say phooey. Both are good. So, I think it's a false dichotomy. I think you should ask both.”
Tom HaleOct 9, 2018▶ 12:32SurveyMonkey's Secrets to Keeping Customers Happy for 20 Years
AssertionNot publicly verifiable
Hale: Only one in three businesses truly prioritize customer centricity
“We recently conducted a survey, this is like within the last four or five months, asking how many businesses really, really believe that customer centricity was really important, and it was about one in three.”
Tom HaleOct 9, 2018▶ 2:37SurveyMonkey's Secrets to Keeping Customers Happy for 20 Years
AssertionPartly supported
Hale: NPS leaders outgrow industry competitors by a factor of two
“In fact, in every industry, the NPS leader tends to outgrow the competitors by a factor of two.”
Tom HaleOct 9, 2018▶ 4:25SurveyMonkey's Secrets to Keeping Customers Happy for 20 Years
AssertionSupported
Hale: NPS promoters deliver three to eight times the LTV of detractors
“Promoters provide three to eight times the lifetime value of detractors, because why? Well, they cost less, they stay longer, they retain, and they refer friends.”
Tom HaleOct 9, 2018▶ 4:37SurveyMonkey's Secrets to Keeping Customers Happy for 20 Years
AssertionNot checkable as stated
Hale: NPS promoters demand half the discount in sales negotiations
“Promoters demanded half the discount. When they talk to our sales accounts.”
Tom HaleOct 9, 2018▶ 7:02SurveyMonkey's Secrets to Keeping Customers Happy for 20 Years
Insight
Hale: NPS functions as a risk management metric during business transitions
“This is an example of using NPS, not just to drive growth, but to map, to minimize risk. And so what we did is we looked at the NPS of our customers and measured it as we were making this four-quarter transition between, you know, subscription and transaction,…”
Tom HaleOct 9, 2018▶ 8:20SurveyMonkey's Secrets to Keeping Customers Happy for 20 Years
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