Loyalty is not satisfaction
Reality shows that there is a subtle but crucial difference between customer loyalty and satisfaction. For example, some large, traditional banks have had many dissatisfied but loyal customers for many years. By contrast, clients of new internet banks are often happy, but ready to leave for a better offer.
Our methodology deals with the dichotomy between satisfaction and loyalty. Specific questions ask about customer satisfaction and the reasons behind it, while others deal with customer loyalty and the reasons for that.
Moreover, respondents often cannot or do not want to say why they are not loyal. To achieve the correct understanding of loyalty, we must carry out specific statistical analysis or examine specific samples of customers (e.g. lost clients or those who have recently started to buy in smaller volumes). Differences in satisfaction and preferences between loyal and lost customers correctly show what really matters.