VoC continuous survey programs are used to better understand the customer experience within a business. But which metrics should be used to measure return on investment?
Voice of Customer (VoC) is a relatively new term in marketing research that represents the process by which a company continuously gathers and analyzes the satisfaction and opinion of customers regarding their experience with the company. This type of program is mainly implemented to improve customer experience, however it has to be profitable for the company. Therefore, any company wishing to implement a VoC program must measure and track certain metrics over time to determine its return on investment.
https://www.lanla.com/en/articles/measuring-voice-of-the-customer-roi-which-metrics-are-right-for-you/
Any business with a VoC programme needs to have a set of metrics in place to maintain investment and demonstrate to employees that VoC isn’t a box ticking exercise. But which metrics should you use?
Although Voice of the Customer (VoC) programmes are widely acknowledged to be a key component to improving the customer experience, it’s not enough to just set up such a programme and assume it’ll help your business succeed. With tight budgets, even for well regarded programmes, it’s critical to measure and demonstrate the link between the Voice of the Customer and return on investment (ROI).
https://www.mycustomer.com/experience/voice-of-the-customer/measuring-voice-of-the-customer-roi-which-metrics-are-right-for-you/
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