Sep 26, 2024
9 Key Advocacy KPIs to Measure Program Success
Discover 9 crucial KPIs for measuring the success of your customer advocacy program and how they impact your business growth.
Want to know if your customer advocacy program is working? Here are 9 essential KPIs to track:
Net Promoter Score (NPS)
Customer Satisfaction Score (CSAT)
Referral Rate
Customer Lifetime Value (CLV)
Social Media Engagement
Content Engagement Rate
Advocacy Participation Rate
Revenue Impact
Customer Retention Rate
These metrics help you:
See if you're hitting business goals
Prove advocacy is worth the investment
Find areas to improve
Here's a quick comparison of the main KPIs:
By tracking these KPIs, you'll get a clear picture of your advocacy program's success and where to focus your efforts.
Related video from YouTube
Net Promoter Score (NPS)
NPS measures customer advocacy with one question: "How likely are you to recommend us?"
Here's the breakdown:
9-10: Promoters
7-8: Passives
0-6: Detractors
Your NPS = % Promoters - % Detractors. It ranges from -100 to +100.
Why care? NPS shows your potential advocate base. Higher scores mean more customers willing to spread the word.
Quick facts:
+50 is great
Industry averages vary (+40 for Consumer Brands, -5 for Telecom)
7% NPS increase = 1% revenue growth
Boost your NPS:
1. Act fast
Respond to feedback within 48 hours. It can boost retention by 12%.
2. Go deeper
Ask "why?" to understand scores better.
3. Convert Passives
They're almost there. A little push could turn them into advocates.
Remember: NPS isn't just a number. It's a tool for improving customer experience.
2. Customer Satisfaction Score (CSAT)
CSAT tells you how happy your customers are. It's a quick way to check if they like what you're doing after they interact with you.
Here's the deal:
Ask customers to rate you (usually 1-5 or 1-10)
Figure out how many are happy (those who give you a 4 or 5 on a 5-point scale)
The math:
Why should you care? CSAT:
Gives you instant feedback
Shows you where to improve
Links to customer loyalty and money
Get this: Harvard Business Review found that even a tiny bump in CSAT can mean a lot more cash.
Want to boost your CSAT? Try these:
Survey right after interactions
Keep it short and sweet
Act fast on feedback
Watch your CSAT over time
But here's the thing: CSAT isn't just a number. It's about using that info to make customers happier.
Some CSAT facts:
Aim for 80%+
In 2022, CSAT software was a $1.5 billion market
Companies scoring 90+ had 1.5x higher customer lifetime value than those at 80 or below
CSAT vs. NPS:
3. Referral Rate
The referral rate shows how often your customers bring in new business. It's a key metric for your advocacy program.
Here's the formula:
Let's say you had 100 purchases last month and 2 were referrals. Your referral rate? 2%.
The global average is 2.35%. But it varies:
Why care about referral rate?
It's cheap. Referrals convert better than other channels.
It builds trust. People listen to friends and family.
It boosts revenue. The average e-commerce referral? $155,000 per year.
Want to boost your referral rate?
Make sharing a breeze. One-click options work best.
Reward both sides. The referrer AND the new customer.
Shout about it. Emails, social media, your website - use them all.
Keep testing. Try different rewards and messages.
Take Dropbox. They grew 3900% in 15 months by making referrals part of their onboarding. That's the power of referrals.
4. Customer Lifetime Value (CLV)
CLV shows how much cash a customer brings in over time. It's crucial for measuring advocacy success.
Here's the formula:
Let's look at Starbucks:
Customers spend $5.90 per visit, 4.2 times a week. That's $24.30 weekly. Over 20 years (their average customer lifespan), it totals $25,272.
Why CLV matters:
Spots top spenders
Guides customer acquisition costs
Boosts profits (5% better retention can mean 25-95% more profit)
Improving CLV:
Upsell and cross-sell
Create loyalty programs
Personalize service
Fun fact: Keeping customers is WAY cheaper than finding new ones. It's 5-25 times more expensive to get a new customer than to keep an existing one.
Want to know if your customer advocacy program is working? Here are 9 essential KPIs to track:
Net Promoter Score (NPS)
Customer Satisfaction Score (CSAT)
Referral Rate
Customer Lifetime Value (CLV)
Social Media Engagement
Content Engagement Rate
Advocacy Participation Rate
Revenue Impact
Customer Retention Rate
These metrics help you:
See if you're hitting business goals
Prove advocacy is worth the investment
Find areas to improve
Here's a quick comparison of the main KPIs:
By tracking these KPIs, you'll get a clear picture of your advocacy program's success and where to focus your efforts.
Related video from YouTube
Net Promoter Score (NPS)
NPS measures customer advocacy with one question: "How likely are you to recommend us?"
Here's the breakdown:
9-10: Promoters
7-8: Passives
0-6: Detractors
Your NPS = % Promoters - % Detractors. It ranges from -100 to +100.
Why care? NPS shows your potential advocate base. Higher scores mean more customers willing to spread the word.
Quick facts:
+50 is great
Industry averages vary (+40 for Consumer Brands, -5 for Telecom)
7% NPS increase = 1% revenue growth
Boost your NPS:
1. Act fast
Respond to feedback within 48 hours. It can boost retention by 12%.
2. Go deeper
Ask "why?" to understand scores better.
3. Convert Passives
They're almost there. A little push could turn them into advocates.
Remember: NPS isn't just a number. It's a tool for improving customer experience.
2. Customer Satisfaction Score (CSAT)
CSAT tells you how happy your customers are. It's a quick way to check if they like what you're doing after they interact with you.
Here's the deal:
Ask customers to rate you (usually 1-5 or 1-10)
Figure out how many are happy (those who give you a 4 or 5 on a 5-point scale)
The math:
Why should you care? CSAT:
Gives you instant feedback
Shows you where to improve
Links to customer loyalty and money
Get this: Harvard Business Review found that even a tiny bump in CSAT can mean a lot more cash.
Want to boost your CSAT? Try these:
Survey right after interactions
Keep it short and sweet
Act fast on feedback
Watch your CSAT over time
But here's the thing: CSAT isn't just a number. It's about using that info to make customers happier.
Some CSAT facts:
Aim for 80%+
In 2022, CSAT software was a $1.5 billion market
Companies scoring 90+ had 1.5x higher customer lifetime value than those at 80 or below
CSAT vs. NPS:
3. Referral Rate
The referral rate shows how often your customers bring in new business. It's a key metric for your advocacy program.
Here's the formula:
Let's say you had 100 purchases last month and 2 were referrals. Your referral rate? 2%.
The global average is 2.35%. But it varies:
Why care about referral rate?
It's cheap. Referrals convert better than other channels.
It builds trust. People listen to friends and family.
It boosts revenue. The average e-commerce referral? $155,000 per year.
Want to boost your referral rate?
Make sharing a breeze. One-click options work best.
Reward both sides. The referrer AND the new customer.
Shout about it. Emails, social media, your website - use them all.
Keep testing. Try different rewards and messages.
Take Dropbox. They grew 3900% in 15 months by making referrals part of their onboarding. That's the power of referrals.
4. Customer Lifetime Value (CLV)
CLV shows how much cash a customer brings in over time. It's crucial for measuring advocacy success.
Here's the formula:
Let's look at Starbucks:
Customers spend $5.90 per visit, 4.2 times a week. That's $24.30 weekly. Over 20 years (their average customer lifespan), it totals $25,272.
Why CLV matters:
Spots top spenders
Guides customer acquisition costs
Boosts profits (5% better retention can mean 25-95% more profit)
Improving CLV:
Upsell and cross-sell
Create loyalty programs
Personalize service
Fun fact: Keeping customers is WAY cheaper than finding new ones. It's 5-25 times more expensive to get a new customer than to keep an existing one.