Customer Experience is the ultimate Competitive Advantage
•
6 likes•2,117 views
Customer Experience can take you to the beach or to the graveyard. Customer Experience is the ultimate Competitive Advantage
Recommended
Recommended
More Related Content
What's hot
What's hot (20)
Viewers also liked
Viewers also liked (15)
Similar to Customer Experience is the ultimate Competitive Advantage
Similar to Customer Experience is the ultimate Competitive Advantage (20)
More from SalesChannel International
More from SalesChannel International (20)
Recently uploaded
Recently uploaded (20)
Customer Experience is the ultimate Competitive Advantage
- 1. SalesChannel Europe ©2012 All rights reserved www.flickr.com/photos/maestropastelero/258000448
- 2. the Problem
- 3. Internally-focused Thinking vs The End2End Customer Experience
- 4. Positive Customer feedback www.flickr.com/photos/adrants/4572167753
- 5. Negative Customer feedback www.flickr.com/photos/morberg/3556674976
- 6. Encourage them to tell it like it is
- 7. …then listen to your customers
- 8. Are you really listening? 8
- 10. The Customer Experience Map Phases Feelings Memory Impact on Loyalty WOW “I Love it” High Share with Many Enjoyable “I like it” Mid Share with few Functional “Works for me” Low Neutral Uneventful “OK” None Decrease Missed it “I Don’t Like it” Mid 66% decrease Never Again “I hate it” High 100% Loss
- 11. Everything you do impacts the Customer’s Experience www.flickr.com/photos/carowallis1/4325317025
- 12. Customer Satisfaction Quotes: “ The customer perceives service in his or her own terms.” - Arch McGill “ The customer’s perception is your reality.” - Kate Zabriskie “ We cannot become what we need to be by remaining what we are.” - Max Dupree “ Excellent firms don't believe in excellence - only in constant improvement and constant change. ” - Tom Peters
- 13. “Victory in marketing doesn’t happen when you sell something, but when you cultivate advocates for your brand.” - Steve Knox, CEO of Tremors, P&G’s Word of Mouth Business Unit www.flickr.com/photos/hyku/4837236187
- 14. Advocates are your best influencers
- 15. Typical Conversion Rates 1. Cold calling: Between 1-5% 4% 2. External Recommendation: 44% 10 X Cold calling 3. Internal Recommendation: 88% 20 X Cold calling
- 16. How do you measure Customer Experience? www.flickr.com/photos/faceme/3801013087
- 17. Using simple Customer Experience Metrics www.flickr.com/photos/atomicity/14570249
- 18. 3 Types of Customer Experience Metrics* Descriptive Metrics Perception Metrics Outcome Metrics What did the customer think about what What will the customer do as a result of What happened? happened? what happened? Customer called to resolve problem with bill Opnes bill and sees it's wrong - again! Complains to friends about the billing error Searches for customer number and finally finds Won't purchase more from this company any Was on hold for 5 mins it time soon Spoke with phone agent 998 in Manila for 2-5 Waits on hold forever Starts noticing offers from competitors minutes Frustrated that phone agent needs so much Trouble ticket opened information Trouble ticket closed incorrect charge reversed At least agent was pleasant Common Metrics Call and email volume Customer satisfaction with overall experience Likelhood of recommendation Customer satisfaction with specific aspects of Average call times Likelyhood of purchase the customer experience Calls lost before answered Call resolution rate likelyhood to switch to a competitor Website visits User goal completion rate (web, mobile, tablet) Actual purchases made Average pages viewed per visit Contract renewals Average transaction value Churn rates Average calls per customer per year Captured through . . . Analytics systems surveys and text mining surveys and/or analytics Common Data Sources Enterprise Feedback Management (EFM) Contact center logs and analytics EFM systems systems Web and mobile analytics Online feedback and survey tools Online feedback and survey tools Point of sale systems Contact center call transcripts Contact center logs and analytics Billing systems Customer letters and emails Web and mobile analytics systems CRM systems Social media posts and comments Point of sales systems Business intelligence systems Billing systems *Outside In: The Power of Putting Customers CRM systems at the Center of Your Business Business Intelligence systems by Harley Manning & Kerry Bodine SalesChannel Europe ©2012 All rights reserved 18
- 20. Get it wrong www.flickr.com/photos/roome/3390682853
- 21. the Solution
- 22. think dif erent f
- 23. Take a higher lever view 23
- 24. Design an E2E Customer Experience Products Services Customer Experience
- 26. Differentiation: 3 Levels of Perceived Value Basic Product/Service: End2End 3 • Technology Customer Experience • Price performance • Product/service quality 2 Support Services Basic Support Services: • Levels of support 1 Product/Service Basic • Quality of service and support • Systems Product/Service • Processes E2E Customer Experience: • People • Perceived value • High touch • Exceed customer expectations • Delight and astound customers SalesChannel Europe ©2012 All rights reserved 26
- 28. 1 Identify and prioritise Top 10 Customers with greatest risk of revenue loss or revenue gain Identify and track company wide Business KPIs (Sales & 2 Marketing, Operations, Finance, Legal, etc.) that directly impact Customer Satisfaction/Quality of Service 3 Start building a culture of E2E Customer Experience
- 29. 3 Time Horizons SalesChannel Europe ©2012 All rights reserved
- 30. Barriers to the beach www.flickr.com/photos/7260115@N05/4410849604
- 31. Eliminating barriers to satisfaction 31
- 32. 1 Identify and prioritise Top 10 Customers with greatest risk of revenue loss or revenue gain Identify and track company wide Business KPIs (Sales & 2 Marketing, Operations, Finance, Legal, etc.) that directly impact Customer Satisfaction/Quality of Service 3 Start building a culture of E2E Customer Experience
- 33. Identify company wide Business KPIs that impact Customer Satisfaction www.flickr.com/photos/toniblay/52445415
- 34. Get everyone moving in the same direction SalesChannel Europe ©2012 All rights reserved
- 35. Collective focus SalesChannel Europe ©2012 All rights reserved 35
- 36. Example: Sales KPIs Revenue: • YTD Actual vs Plan, YTD vs Previous YTD Sales Orders: • FCV vs Plan, ACV vs Plan, YTD vs previous YTD, QTD vs previous QTD Pipeline Management • Weighted Forecast: Total, by Region, by Quota Carrier Sales Production: • ACV achievement by Region, by Quota Carrier • No of Proposals made: Total, by Region, by Quota Carrier • No of Proposals won: Total, by Region, by Quota Carrier • Time to generate Proposal • Time to sign Contract Sales KPIs that impact • Time to Installation/Service Acceptance Customer Experience • Time to Billing • Time to Payment Product Mix: • % revenue generated by product/services Key: • Gross Margin generated by product/services YTD - Year to date FCV - Full Contract Value After Sales Service: ACV - Annual Contract Value • Time to resolution SalesChannel Europe ©2012 All rights reserved 36
- 37. Who do you benchmark yourself against?
- 38. 1 Identify and prioritise Top 10 Customers with greatest risk of revenue loss or revenue gain Identify and track company wide Business KPIs (Sales & 2 Marketing, Operations, Finance, Legal, etc.) that directly impact Customer Satisfaction/Quality of Service 3 Start building a culture of E2E Customer Experience
- 39. Getting everybody on the same bus
- 40. Customer Experience Organisational Readiness Assessment *Outside In: The Power of Putting Customers at the Center of Your Business by Harley Manning & Kerry Bodine SalesChannel Europe ©2012 All rights reserved
- 41. Create simple internal processes that facilitate customer interaction
- 42. Customer Experience Customer Satisfaction Quality of Service
- 46. David R Ednie President & CEO SalesChannel Europe Ph: +33 676 60 09 25 (FRA) Email: david@saleschannel-europe.com Website: www.saleschannel-europe.com www.flickr.com/photos/horacio/3781750