One of the fundamental assumptions of customer satisfaction measurement is that higher satisfaction levels improve future financial performance by increasing revenues from existing customers (due to higher purchase quantities and lower price elasticity) and improving customer retention.
Competition is fierce, technological developments are continuous, and customers’ expectations & needs are diversified drastically. To keep up with the company’s mission, several challenges ahead are to be faced. These are:
SMRC’s online survey methods include
Customers, not companies, own brand perception. Brand perception is primarily what customers believe a product or service represents, not what the company owning the brand says it does. Brand perception comes from customer experience, use, reputation, experience, functionality, as well as word-of-mouth recommendation – on social media channels as well as face to face.
Strong brand health is what makes you stay ahead of the competition. It correlates directly to the positioning of the brand or the product. A strong brand health score is a combination of awareness & usage, positioning, and brand delivery. No matter the size of the company, it measures how much your brand contributes to achieving your company’s goals or how it delivers on its promises to the customer.
Using client satisfaction barometer tools, Systematic Market Research Consultancy helps in understanding your relationship with the customers. A client barometer helps you in getting an idea about your business relationships. Our experts curate online surveys to extract data regarding the reliability, credibility, loyalty, and trust of the customers in your brand primarily using NPS scores. This helps you in taking better decisions regarding your product marketing strategies. This will support decision-making when formulating an approach towards maintaining a unique market position (on both ends –current customer base & be more attractive to non-customers)
Customer satisfaction surveys help clients in investigating the market to identify potential growth opportunities. Your company would for this reason like to improve its current market knowledge and allow them to make strategic decisions. Understanding the level with which your customers are satisfied will help your company prioritize what needs to be done / how / where and when. In return, your company will become more attractive to potential customers over a period of time.
Systematic Market Research Consultancy offers targeted AAU and A/B testing which helps in creating several customized hypotheses. It is a great way to understand the impact that individual factors of a particular product or brand have on a customer. Our experts help in curating the data as per the individual client’s needs.