The ROI of Customer Experience

34
The ROI of Customer Experience

Transcript of The ROI of Customer Experience

The ROI of Customer Experience

What is ROI to you?

“NPS is up 10 points!!!!!” —(NON-ESSENTIAL) VOC MANAGER

“Our CSAT has never been higher!!!!!” —(SOON-TO-BE LOOKING FOR EMPLOYMENT) CUSTOMER INSIGHT DIRECTOR

77%

30%

7x

77% “NPS is up 10 points!!!!!” —(NON-ESSENTIAL) VOC MANAGER $

Behavioral Likelihood

Actual Behavior

Behavioral Likelihood

Customer Satisfaction

0%

100%

0 1 2 3 4 5 6 7 8 9 10

Actual Behavior

Behavioral Likelihood

Customer Satisfaction

0%

100%

0 1 2 3 4 5 6 7 8 9 10

100%

Actual Behavior

Behavioral Likelihood

Customer Satisfaction

0%

100%

0 1 2 3 4 5 6 7 8 9 10

9%

Actual Behavior

Behavioral Likelihood

Customer Satisfaction

0%

100%

0 1 2 3 4 5 6 7 8 9 10

40%

9%

Actual Behavior

Behavioral Likelihood

Customer Satisfaction

0%

100%

0 1 2 3 4 5 6 7 8 9 10

90%

40%

9%

The Goal

90% 9%

Repurchase

Repurchase

Behavioral Likelihood

Customer Satisfaction

0%

100%

0 1 2 3 4 5 6 7 8 9 10

81%

44%

16%

Customer Profile Financial Profile

$100 Million

50%

34%

16%

Company X

50%

34%

16%

CUSTOMER PROFILE

50%

34%

16%

CUSTOMER PROFILE

81%

44%

16%

BEHAVIORAL LIKELIHOOD

50%

34%

16%

CUSTOMER PROFILE

81%

44%

16%

BEHAVIORAL LIKELIHOOD

x

x

x

50%

34%

16%

CUSTOMER PROFILE

81%

44%

16%

BEHAVIORAL LIKELIHOOD

x

x

x

=

=

=

40.50

14.96

2.56

RETAINED REVENUE INDEX

50%

34%

16%

CUSTOMER PROFILE

81%

44%

16%

BEHAVIORAL LIKELIHOOD

x

x

x

=

=

=

40.50

14.96

2.56

58.02

RETAINED REVENUE INDEX

Retained Revenue Index

58.02 CURRENT RRI

50%

34%

16%

CUSTOMER PROFILE

51%

34%

15%

CUSTOMER PROFILE

51%

34%

15%

CUSTOMER PROFILE

81%

44%

16%

BEHAVIORAL LIKELIHOOD

51%

34%

15%

CUSTOMER PROFILE

81%

44%

16%

BEHAVIORAL LIKELIHOOD

x

x

x

51%

34%

15%

CUSTOMER PROFILE

81%

44%

16%

BEHAVIORAL LIKELIHOOD

x

x

x

=

=

=

41.31

14.96

2.40

RETAINED REVENUE INDEX

51%

34%

15%

CUSTOMER PROFILE

81%

44%

16%

BEHAVIORAL LIKELIHOOD

x

x

x

=

=

=

41.31

14.96

2.40

58.67

RETAINED REVENUE INDEX

Retained Revenue Index

58.67 FUTURE RRI

- ( )ROI =

Future RRI

Current RRI

Current RRI x Current

Revenue

- ( )ROI =

58.67 58.02

58.02 x $100 M

$1,120,303.34