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      HBR.org

      A company's promoters are worth thousands more than detractors

      A company's promoters are worth thousands more than detractors

      Wealthy customers who recommend their bank to others are worth $9,500 more to that bank than customers who dislike it.

      By Fred Reichheld and Rob Markey

      • min read

      Article

      A company's promoters are worth thousands more than detractors
      en

      From the Harvard Business Review Daily Stat:

      An affluent customer who's willing to recommend his or her bank to friends is worth $9,500 more to the company than a similarly wealthy customer who spreads negative reports about it, according to The Ultimate Question 2.0, by Fred Reichheld with Rob Markey. Promoters of a business are usually less price sensitive than other customers, and they appreciate the overall quality they receive from the company; the opposite is true for detractors, who have a negative lifetime value, the authors say.


      Authors
      • Headshot of Fred Reichheld
        Fred Reichheld
        Bain Fellow, Boston
      • Headshot of Rob Markey
        Rob Markey
        Advisory Partner, Boston
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      Published in September 2011
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