This guide will explain NPS surveys, how to create them, and how to use the insights to grow your business. This will cover everything you need to know about NPS surveys.

You will learn how to define NPS surveys, create them, and use the insights to help your business grow.

What is the net promoter score (NPS)

NPS is a survey that asks customers if they would recommend your business or product/service to others. The survey is simple and easy to understand. It measures customer satisfaction and loyalty.

Customers rate their likelihood of recommending on a scale. The scale typically ranges from 0 (not at all likely) to 10 (extremely likely).

We categorize customers into three groups based on their responses:

• Promoters (9-10): Happy customers who are likely to tell others about you and spread positive feedback.”
• Passives (7-8): These customers are content but not extremely excited. They might be willing to transition to a rival company.
• Detractors (0-6): Dissatisfied clients who could tarnish your image via negative feedback or verbal criticism.

Target audience: Who benefits from NPS surveys

NPS surveys are advantageous for any company aiming to measure customer satisfaction and loyalty.

Understanding if customers will recommend your brand can provide valuable insight into customer satisfaction and areas for improvement. This applies to businesses of all sizes, from small companies to large corporations.

• Startups: Quickly gauge customer feelings and pinpoint areas that need enhancement at an early stage.
• Established businesses: Track customer loyalty over time and evaluate the impact of changes or tactics.
• Product or service teams: Collect targeted responses about a specific product or service to steer enhancement initiatives.

NPS essentials: Investing in customer loyalty

NPS provides numerous benefits. First, it gives a simple way to measure and compare progress over time or with other companies.

It helps identify customers who like the product. It also helps find customers who are happy with the product. Additionally, it helps locate customers who are not satisfied with the product. This information helps to make any necessary changes.

The Net Promoter Score (NPS) is a key determinant of a company’s growth trajectory. This is a worthwhile expenditure for businesses. Companies can increase their profits by improving customer satisfaction.

Here’s why investing in NPS is beneficial:

• Simple and actionable: Simple to comprehend and apply, offering practical knowledge about customer fidelity.
• Benchmarking: Evaluate your score against industry standards to comprehend your comparative performance.
• Focuses on growth: Recognizes both advocates and critics, enabling you to concentrate on fostering allegiance and resolving issues.

What can you measure with NPS

NPS surveys can measure various aspects of customer experience and satisfaction. Research can also focus on specific aspects such as product quality, pricing, customer service, and more.

This can help provide a more comprehensive understanding of the topic. For instance, researchers can study how well the product works, how much it costs, and how good the customer service is.

By examining these specific factors, researchers can gain valuable insights into the overall support for the product.

These insights enable organizations to pinpoint strengths and weaknesses and prioritize areas for improvement effectively.

So, NPS helps you measure:

• Customer loyalty: Understand the likelihood of customers recommending your services, as it indicates the potential growth of your business.
• Customer satisfaction: Find areas to enhance customer experience.

Brand perception: Comprehend the perception of your brand from the customers’ viewpoint.

How to create an NPS survey with Formaloo

This is a detailed instruction manual for developing a successful NPS survey with Formaloo:

Step 1: Create a new NPS survey or use a template

To begin, just go to your Formaloo dashboard and click on ‘Templates‘.

After locating the NPS survey template, you can easily customize it to fit your company’s requirements. Simply double-click on the field to alter the text.

Additionally, you have the option to build your survey from the ground up by selecting “New Formaloo”.

Here, you have the choice to construct your questionnaires and forms.

Creating a survey using FormLoo will automatically generate a default survey with a results page and charts. You can choose to personalize this survey at a future date.

After creating the form or survey, simply click on ‘Edit base’ to access the default template.

In this section, you can edit existing questions, add new ones, or customize the layout to your preferences.

Best net promoter score (NPS) questions

You have the option to select from a range of fields to include, like multiple-choice, extended text, 0-10 rating, among others.

Score field

This is the most important question in your NPS survey: “Would you recommend [company] to a friend or colleague?”

You can easily update the minimum and maximum messages on the form editor to suit your needs.

“How likely are you to recommend our products/services based on their price?” is a common NPS question. This question can help improve your survey. It can also gather more detailed feedback about your product.

Long text field

This feature enables you to formulate subsequent queries like:

“What is the primary reason for your score?” to gather insight into the strengths/weaknesses of your company.

Another common question is: “Is there anything we can do to enhance your experience in the future?” This question not only generates ideas for future improvements but also helps pinpoint areas for growth.

Step 2: Customize your NPS survey

The beauty of Formaloo is that it gives you complete authority over the appearance of your survey! Personalize the style and hue of your NPS survey by selecting color palettes that resonate with your brand.

You can effortlessly switch between multi-step and single-step surveys with just one click.

Step 3: Publish and share your survey with your target audience

Once you finish creating your survey, you can share it by clicking the view button. Initially, duplicate the URL located at the web page’s summit.

You can now disseminate the link to your prospective clients via your chosen distribution method!

Step 4: Get instant alerts and observe responses in real-time

You can choose to set up notifications to receive notifications whenever someone finishes your NPS survey.

Understanding customer opinions about the product is crucial for maintaining the company’s good standing.

Giving quick feedback can assist users by solving their problems and providing help in areas where they may be unsure.”

You can conveniently see your form responses by using the right-click option on your public form from the dashboard.

Once you’ve gathered responses, you can incorporate the form into your Formaloo application. Subsequently, you can disseminate the outcomes to your audience.

Formaloo provides different ways to display your data. You can choose to present it in a table, graph, or kanban format. This makes it simple to visualize your results.

How to calculate the NPS score

To compute your NPS score, you subtract the proportion of detractors from the proportion of promoters. The range of your score can be anywhere between -100 and 100. A higher score means that customers are happier and more loyal.

Here is the formula to calculate your NPS:

NPS = % Promoters – % Detractors

NPS survey best practices

To get the best results from your NPS survey, follow these tips. Maintain a brief survey. Incorporate a question that allows for expansive feedback.

Design the survey to be consistent with your brand identity. Regularly review and act on the feedback you receive.

• Timing: Send out the survey after a key interaction such as a deal, commencement, or customer support involvement.
• Keep it short: Restrict the questionnaire to a handful of crucial inquiries to prevent respondents from feeling swamped.
• Mobile-friendly: Make sure the survey works well on phones and tablets.
• Close the loop: React to comments, particularly from critics, to demonstrate that you appreciate their viewpoints.

Empower your business: Leverage NPS surveys for success

Net Promoter Score surveys are a powerful tool for businesses seeking to understand and improve customer satisfaction. Companies can improve customer relationships, grow their business, and stay competitive by using NPS surveys and feedback.

You can understand how they feel about your product or service. Additionally, you can identify areas for improvement. Start building your NPS survey today and take your customer relationships to the next level!

This feedback helps companies understand what customers like and dislike. By acting on this feedback, companies can make necessary improvements to their products or services.

This can lead to increased customer satisfaction and loyalty. Ultimately, this can help companies stand out in today’s competitive market.

Ready to harness the power of NPS surveys for your business? Start creating your NPS survey today with Formaloo and unlock valuable insights into your customers’ sentiments and preferences.