Leveraging field service technology for a better retail experience
Retail Tech Insights Today’s retail market faces ever-increasing demand from customers and pressure from competitors as digital commerce increases...
If you’re a field service manager or CIO of a field service company—whether in property maintenance, telecommunications, or HVAC—you must understand what your customers want and how satisfied they are with your company and the service you deliver. Getting a solid fix on how many of their customers are happy and how many aren’t, is a challenge for many field service companies.
Fortunately, there’s a relatively simple way to find out. It’s called “Net Promoter Score (NPS).” Established by Bain & Company in 2003, an NPS provides the objective measure of customer loyalty that many field service businesses seek.
Read on to learn more about how to improve Net Promoter Score, what it means, and whether Net Promoter Score software can help you boost yours.
Simply stated, your Net Promoter Score tells you how many of your field service customers would recommend your company and the service you provide to others. To calculate your NPS, you simply send a one-question survey to your customers, asking them, “How likely is it that you would recommend (your company or specific service) to a friend or colleague?” Respondents grade your company (or product) on a scale of 1 to 10, where “10” indicates “extremely likely,” and “1” indicates “not at all likely.”
Based on customer responses, you divide them into three groups:
1. Promoters: these are respondents who give you a score of 9 or 10, indicating they are very likely to recommend you to others;
2. Passives: these customers give you a rating of 7 or 8—they are basically satisfied, but could also abandon you for one of your competitors.
3. Detractors: You are at risk of losing these customers, who give you a score of 6 or less—they are the ones most likely to advise others against doing business with your company or buying your products.
To calculate your Net Promoter Score, subtract the percentage of “detractors” from the percentage of “promoters”. For example, if 50% of your customers are promoters and 15% are detractors, the calculation would be 50 – 15 = 35 — giving you a Net Promoter Score calculation of 35.
So, why is Net Promoter Score important, and why should you closely monitor it? Let’s look at why tracking your NPS is vital for the growth and success of your business.
Obviously, it’s helpful to know your Net Promoter Score since it gives you a good sense of how healthy your business is. For instance, 61% of customers say they would recommend brands they trust to friends. Promoters, your most loyal buyers, are key drivers of recommendations and referrals. Research also highlights how valuable earning customer trust is - 71% show trust by making more purchases from a brand. Promoters especially have high lifetime value thanks to repeat business and referrals.
But simply having this Net Promoter Score information about promoters and detractors won’t help you improve your business. The trick is to create effective strategies based on this data to boost promoter share over time.
Here are three ways to improve your NPS:
When you send out your survey, you can include a comments section to ask customers what they specifically like about your business or products and how this ties into their evaluation. As you review customer survey responses, look for common themes among both promoters and detractors. For example, if you own a repair service company, you might notice that a large percentage of detractors say that your workers are slacking on the job, or that they’re rude. Promoters, on the other hand, might say that your employees follow directions well and are responsive to their needs..
Paying attention to key service metrics will help you understand where your weaknesses lie and how to improve them. If your workers are taking too much time to resolve issues according to detractors, you need to create strategies to fix the problem. For example, you could implement a retraining program, spend more time analyzing customer reviews, or, if necessary, remove field service reps who are not up to the job. If you find that workers are actually listening to what customers want and following their directions carefully, you could find ways to acknowledge and reward their performance to ensure it continues.
To find out if the changes you’ve made are gaining traction, you can reissue your net promoter survey periodically. If the strategies you created are working, you should see an increasingly higher Net Promoter Score, with a larger percentage of promoters, and a smaller percentage of detractors. At the end of the day, embracing data-driven decision-making will help your organization secure success now, and in the future.
Investing in a field service management software solution can significantly improve your NPS over the long term. Implementing the right technology strengthens customer satisfaction and loyalty across all service interactions.
Here are some key features in top field service and Net Promoter Score software platforms to look for to boost your NPS score:
Improving your Net Promoter Score is crucial for scaling your field service business and cementing customer loyalty over the long haul. You can drive sustainable growth and profitability by tracking NPS and using it to realign your operations, workforce, and customer interactions.
To enable this realignment, field service management software gives you the tools and visibility needed to deliver 5-star service consistently. With capabilities like AI-powered scheduling, customer portals, and mobile technician enablement, the right technology becomes the foundation for impacting customer satisfaction.
As the only true SaaS provider purpose-built for field service, ServicePower delivers the innovative capabilities you need to control the levers that influence NPS. Our platform empowers you to optimize technician scheduling, rapidly process claims, delight customers through self-service, and manage blended workforces.
With ServicePower, you can:
Download our case study on how LG Electronics USA, Inc. improved its NPS by 27% with ServicePower. Then, reach out for a demo to see how we can help you.
Retail Tech Insights Today’s retail market faces ever-increasing demand from customers and pressure from competitors as digital commerce increases...
Field service technology today is essential for an operation with field based resources, from repair techs, to insurance inspectors, to elevator...
Field service is an incredibly personal business, but not one where technicians and customers usually stop and get to know each other. Familiarity...