Heading to Vegas this May? Join Josh at Pulse 2026 and come say hi—your oversized fluorescent daiquiri is on him. No catch.

Grab your ticket at gainsightpulse.com and use code UNCHURNED for a special rate.

Most companies think customer loyalty is about retention but the real metric is referrals.

In this episode of the UnChurned Podcast, Josh Schachter sits down with Fred Reichheld the creator of Net Promoter Score (NPS) & Author of Winning on Purpose, to unpack why the companies that grow the fastest aren’t just keeping customers happy they’re creating customers who bring others with them.

Fred shares the origin story behind NPS, why traditional customer satisfaction metrics failed, and how referral-driven growth became the hidden engine behind some of the world’s most successful businesses.

They also dive into:

- The moral principles behind enduring companies

- Why referrals matter more than repeat purchases

- How customer experience connects directly to shareholder value

- The viral nature of trust and word of mouth

- Why entrepreneurs should obsess over “bring your friends” growth

If you're building a business, scaling customer success, or trying to create real word-of-mouth momentum, this episode is a masterclass in profitable growth.

Josh is writing a book on building customer relationships. Follow his journey and insights at www.joshschachter.com

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Timestamps

00:00 – Intro to Fred Reichheld & the Origins of NPS

02:05 – The Hidden Pattern Behind the World’s Best Companies

04:32 – “Back for More and Bring Your Friends”

07:18 – Why Customer Satisfaction Metrics Failed

10:41 – The Moral Foundation of Great Businesses

14:05 – How NPS Went Viral Before Social Media

17:12 – Why Trust Still Drives Buying Decisions

20:46 – The Real Economics Behind Referrals

24:18 – Investing Based on Net Promoter Scores

28:02 – Why Referrals Are the Ultimate Growth Engine

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Want the playbook, not just the conversation? Subscribe for deep-dive, actionable breakdowns from every episode at unchurned.substack.com.

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Where to Find the Guest

Fred Reichheld: https://www.linkedin.com/in/fredreichheld/

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Where to Find Josh:

LinkedIn: https://www.linkedin.com/in/jschachter/

Unchurned Substack: https://unchurned.substack.com/