The “Magic Bullet” Survey Methodology…

I was recently talking to some of my loyalty industry colleagues about different methodologies and metrics that we use to quantify customer loyalty. There were many different approaches, opinions, and thoughts on the matter of course, but there were 2 universal beliefs among all of us:

1) There is NO “Magic Bullet Survey Methodology”
2) Taking “real” actions based upon the data is most important

Let me expound a bit…

Yes there are some methodologies that are better than others because they are more statistically accurate and/or they are easy to communicate with those who are going to consume and put into action the data… but in the end there is no magic bullet methodology.

Let’s take the Net Promoter Score(NPS) methodology for instance. I “like” NPS because it is easy to understand, measure, and communicate to a broad audience.. people easily get and understand what it is.. but NPS is not “the way, the truth, and the life” either. The score is like a fuel gauge… it is something you should obviously reference to see what the gauge says, but don’t fixate on it either… because you will lose track of the road and crash!

The most important function of a loyalty survey is your ability to take strategic and tactical actions based upon the data and drive real change in your organization. If you are not able to take real actions and deliver real change… why even bother doing a survey… just do a marketing campaign instead!

Net Promoter, NPS, and Net Promoter Score are trademarks of Satmetrix Systems, Inc., Bain & Company, and Fred Reichheld.

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