Using AI to understand customer feelings, we create focused strategies to raise sales and lower churn
Our client in the case study is a leading luggage company in India. They wanted us to find out their brand perception. To differentiate themselves in the market, they also wanted to understand the consumer perception of their competition.
Basically, they wanted to position themselves in a way that would have the highest impact on their brand NPS®.
We used our agile platform to fulfil our client’s needs. Time and again, we have said this. The best way to find out what consumers think is to ask them directly. So, we surveyed consumers online.
We surveyed 150 respondents each from 4 metro and 4 non-metro towns. (Class A towns)
Then, we asked them a variety of questions not just about our client’s brand but also the competition. For example,
FINDING- NPS® drives Growth
We measured the NPS® score for various luggage brands.
Our client’s NPS® was 23 compared to the market leader. (NPS®- 42)
Then, we looked at the growth rate in market share of these brands over the last 3 years. (The data was available from GfK). When we plotted the NPS® against the growth rate, we found a very strong co-relation between them.
This proved that NPS® is a driver of Growth. Therefore, the next question was- how do we improve our client’s NPS®.
We used Intuitive Association to understand what’s driving that NPS® score. Clearly, consumers associate different notions/ideas with different brands.
For example, the words strongly associated with our client’s brand were-
Range of products
However, for one of the competitions they were-
We found out the impact Salience and Brand perception has on the NPS® score.
We tried to answer this question.
What drives Brand? Is it just salience (through ads) or it is Brand Values (identified with Intuitive Association)?
Unsurprisingly, it is a combination of both.
For example, Brand A invests heavily on advertising. Hence, most consumers are aware of it. On the other hand, our client has less salience but high brand value because it is perceived to be ‘premium’ and ‘good looking’. This is what drives their NPS®. It’s purely word of mouth.
The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.
A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!
Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.
Talk to a specialist
With AI, Numr CXM gauges your customers' emotions and actions, providing you with actionable insights to elevate sales and customer retention