Today, customers have higher standards than ever. Did you know that customer-centric companies are 60% more profitable than those that aren’t? Or that up to 89% of consumers have switched to a competitor after a poor experience?
Empirical evidence shows a strong correlation between a company’s performance such as its growth rate, market share, profitability, and customer experience. So, to thrive (not just survive) in your industry, exploring CX with Mastio is essential…
Mastio’s Customer Experience research uses Customer Value Analysis and Net Promoter Score to help you track performance in achieving customer relationship goals and align your organization to the market better than competitors.
As part of the program, you’ll receive a CVA and NPS score for your company and its competitors - offering greater insight into customer perception and delivering strategies to improve in a way that drives sales, profits, and shareholder value.
Customer Value Analysis (CVA) is a proven methodology for determining how to compete more effectively in your market versus competitors. It provides clarity as to why customers choose one supplier as opposed to another in your space.
It states that customers base their purchase decision on which supplier provides the best-perceived value. So, understanding the selection factors customers use and how suppliers perform on these factors allows you to accelerate profitable growth.
CVA results through Mastio research highlight all the critical price and non-price factors that impact customers’ purchase decisions - including a breakdown of their importance and your performance with each one versus your competitors.
Net Promoter Score (NPS), like CVA, strongly correlates with a company's financial performance. Empirical data shows that the Net Promoter leader has twice the growth rate versus competition in most industries.
NPS is a powerful predictor of customer loyalty and business growth that allows you to dial in on the factors that matter most to customers. It can be used to distinguish 'a dollar of good profit’ from a ‘dollar of bad profit.’
A Mastio study offers an NPS for you and each significant competitor within your market. If you score well, you can expect to outperform similar companies - as customers classed as ‘promoters’ buy more and stay longer.
For over 35 years, Mastio has been at the forefront of customer experience research, delivering unbiased data and actionable insights.
Our stellar reputation covers over 300 companies and 900 projects - collaborating with Fortune 100 and 500 companies in various industries.
We have easy-to-use proprietary tools to segment and analyze large amounts of data that supports exploration and analysis of study results by relevant demographics.
To us, you’re not just a number on a spreadsheet. We pride ourselves on service - and our team works with you directly throughout our engagement.
Mastio helps you better align with your target audience and take great strides to outperform your competitors. If you’re ready to win and retain more business by understanding your customer and competitors – we’d love to hear from you.
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