LP Complaint Value Analysis (CVA)
- reveals the return on your complaints-handling investment

Sunday, September 05, 2010                  Register
Did you know....?
Only 20% to 35% of dissatisfied customers tell their service providers about their most dissatisfying experience.

Day and Landon 1976

See Resources for reference


It makes good business sense to invest in complaints.  Here's why:

  • Disappointed customers change their buying behaviour.  In extreme cases they take all their business elsewhere and the way they talk about their experience influences the buying behaviour of others. 
  • Many customers with reason to complain don’t do so, but research shows that those who do speak up are less likely to churn and less likely to utter negative word-of-mouth.

These facts make a strong case for actively encouraging complaints.  But more complaints means more costs to handle them, right?  So, how do you get the correct balance between the costs of the complaints processes and the benefits of those processes?

LP CVA provides that answer. 

How it works

LP CVA is a financial analysis tool that:

  • identifies and quantifies the real cost of your organisation’s existing complaints and feedback processes;
  • models the at-risk revenue from negative customer experiences;
  • models the future costs of different complaints-handling processes;
  • models the revenue effect of changing your complaints processes.

and that builds the business case for investing in revised complaints-handling processes.

Learn more
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