| Video Blog | Customer Satisfaction
Satisfaction alone won’t drive your business forward—loyalty will.
Companies have been measuring customer satisfaction since the 1750s, and by the 1980s, it became a standard practice.
Here’s the thing: measuring customer satisfaction isn’t an end in itself. It’s a means to achieving customer loyalty.
As the old saying goes, “Satisfaction is worthless, loyalty is priceless.”
→ At MSW Research, we’ve found that satisfaction and loyalty share a significant relationship—a 1 to 3.3 ratio in explaining market share movements.
The focus on building loyalty is vital because acquiring new customers is 5 to 20 times more expensive than retaining existing ones.
Therefore, investing in customer satisfaction to foster loyalty isn’t just good practice—it’s smart business. 🎯