article thumbnail

5 Facts to End the ROI Debate on Customer Experience

Beyond Philosophy

For many years, there has been a debate whether you could assign a dollar amount to determine the return on investment for any Customer Experience improvements. In the United Kingdom, the NCSI portfolio earned a return of 59 percent from April 2007 to June 2011, and the FTSE 100 had a negative return of 6 percent.” Why is this?

article thumbnail

Emotions Drive Spending, But Do You Know Which Ones Drive the Most?

Beyond Philosophy

Now, when I say value, I’m talking about which emotions make people spend more money, and make people give you better Net Promoter Scores. These results were also published in my third book, The DNA of Customer Experience: How Emotions Drive Value (Palgrave Macmillan, 2007).

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Listen to the Voice in your Customer’s Head

Beyond Philosophy

They affect what your Customers are going to do, and how they feel about your product. We believe how a Customer feels about a Customer Experience influences over 50% of the Customers’ perceptions of the experience. We also learned Customers don’t always know there is a difference themselves.

article thumbnail

How to Measure Customer Emotions

Beyond Philosophy

The “Net” in NEV refers to the net effect of those emotions for customer loyalty and retention. But what are these emotions? NEV is important to know about your business because it shows how you are doing with your Customer Experience. There will be negative moments and positive moments in any Customer Experience.

article thumbnail

How to Measure Customer Emotions

Beyond Philosophy

The “Net” in NEV refers to the net effect of those emotions for customer loyalty and retention. But what are these emotions? NEV is important to know about your business because it shows how you are doing with your Customer Experience. There will be negative moments and positive moments in any Customer Experience.

article thumbnail

Is ‘Being Human’ With Customers A New Concept? And, Does It Create Emotional, Experiential, Social and Financial Value?

Beyond Philosophy

It also means that every transaction and touchpoint interaction, and the long-term relationship, needed to carry forward the organization’s unique character, must be a reflection of the perceived value represented to the customer. Kotler picked up a theme that was articulated in the 2007 book, Firms of Endearment.

Airlines 360
article thumbnail

Customers Want Better Customer Service…or Else!

Beyond Philosophy

State of Multichannel Customer Service Report published by Parature and Microsoft Dynamics CRM, it’s not a moment too soon. It’s the law of Customer Experience Supply and Demand: they demand it so you better supply it! They evoke the wrong Customer emotions during the experience. That’s just the U.K.